Another view of 65 year history of federal spending and deficits........
It is interesting that in 1964, Johnson signed the first $100 billion
annual budget. The total debt was just over 3 times that budget amount,
amd today, the total debt is about 3 times the current annual federal budget.
(The number to the right of each year is the running total of the deficit.
When Reagan took office, the 190 year total debt accumulation was
$994.8 billion.......)
Quote:
FEDERAL DEBT AT THE END OF FISCAL YEAR: 1940-2009
(in billions of dollars)
Federal Social
Gross Public Foreign Gov't Security Medicare
Year Debt Debt Debt Accounts Debt Debt
---- ------- ------- ------- -------- -------- --------
1940 50.7 42.8 7.9 1.7 0.0
1941 57.5 48.2 9.3 2.4 0.0 -WWII Begins
1942 79.2 67.8 11.4 3.2 0.0
1943 142.6 127.8 14.9 4.3 0.0
1944 204.1 184.8 19.3 5.4 0.0
1945 260.1 235.2 24.9 6.6 0.0 -WWII Ends
1946 271.0 241.9 29.1 7.6 0.0
1947 257.1 224.3 32.8 8.8 0.0
1948 252.0 216.3 35.8 10.0 0.0
1949 252.6 214.3 38.3 11.3 0.0
1950 256.9 219.0 37.8 12.9 0.0 -Korean War Begins
1951 255.3 214.3 41.0 14.7 0.0
1952 259.1 214.8 44.3 16.6 0.0
1953 266.0 218.4 47.6 18.4 0.0 -Korean War Ends
1954 270.8 224.5 46.3 20.0 0.0
1955 274.4 226.6 47.8 21.1 0.0
1956 272.7 222.2 50.5 22.6 0.0
1957 272.3 219.3 52.9 23.4 0.0
1958 279.7 226.3 53.3 23.9 0.0
1959 287.5 234.7 52.8 23.2 0.0
1960 290.5 236.8 53.7 23.0 0.0
1961 292.6 238.4 54.3 23.4 0.0
1962 302.9 248.0 54.9 22.2 0.0
1963 310.3 254.0 56.3 21.4 0.0
1964 316.1 256.8 59.2 22.0 0.0 -Viet Nam War
1965 322.3 260.8 12.3 61.5 22.2 0.0
1966 328.5 263.7 11.6 64.8 21.6 0.9
1967 340.4 266.6 11.4 73.8 25.6 1.8
1968 368.7 289.5 10.7 79.1 28.1 1.7
1969 365.8 278.1 10.3 87.7 31.9 2.4
1970 380.9 283.2 14.0 97.7 37.7 2.7
1971 408.2 303.0 31.8 105.1 40.8 3.4
1972 435.9 322.4 49.2 113.6 43.8 3.3
1973 466.3 340.9 59.4 125.4 44.3 5.1
1974 483.9 343.7 56.8 140.2 46.1 9.2
1975 541.9 394.7 66.0 147.2 48.2 11.3 -Viet Nam Ends
1976 629.0 477.4 69.8 151.6 44.9 12.1
1977 706.4 549.1 95.5 157.3 39.6 13.4 -Carter Takes Office
1978 776.6 607.1 121.0 169.5 35.4 15.8
1979 829.5 640.3 120.3 189.2 33.4 18.4
1980 909.0 711.9 121.7 197.1 32.3 19.0(New Debt=$288 Bln)
1981 994.8 789.4 130.7 205.4 27.2 21.8 -Reagan Takes Office
1982 1137.3 924.6 140.6 212.7 19.3 26.7
1983 1371.7 1137.3 160.1 234.4 32.0 20.4
1984 1564.6 1307.0 175.5 257.6 32.2 26.0
1985 1817.4 1507.3 222.9 310.2 39.8 32.0
1986 2120.5 1740.6 265.5 379.9 45.9 48.1
1987 2346.0 1889.8 279.5 456.2 65.4 57.0
1988 2601.1 2051.6 345.9 549.5 104.2 72.3(New Debt=$1893 Bln
1989 2867.8 2190.7 394.9 677.1 156.7 94.7 -Bush I Takes Office
1990 3206.3 2411.6 440.3 794.7 214.9 110.2
1991 3598.2 2689.0 477.3 909.2 268.4 125.6
1992 4001.8 2999.7 535.2 1002.1 319.2 139.2(New Debt=$1484 Bl
1993 4351.0 3248.4 591.3 1102.6 365.9 149.4 -Clinton Takes Offic
1994 4643.3 3433.1 655.8 1210.2 422.7 150.5
1995 4920.6 3604.4 800.4 1316.2 483.2 143.4
1996 5181.5 3734.1 978.1 1447.4 549.6 152.3
1997 5369.2 3772.3 1218.2 1596.9 630.9 151.2
1998 5478.2 3721.1 1216.9 1757.1 730.3 157.8
1999 5605.5 3632.4 1281.4 1973.2 855.0 184.1
2000 5628.7 3409.8 1057.9 2218.9 1006.9 214.0(New Debt=$1418 B
2001 5769.9 3319.6 1005.5 2450.3 1169.8 239.2 Bush II Takes Offic
2002 6198.4 3540.4 1199.6 2658.0 1328.9 267.8
2003 6760.0 3913.6 1458.5 2846.4 1484.5 275.9
Projected:
2004* 7486.4 4420.8 3065.7 1633.6 281.5 (New Debt=$1717 Bl
2005* 8132.9 4791.9 3341.1 1812.7 299.3
2006* 8726.4 5074.1 3652.2 2010.6 330.1
2007* 9317.9 5333.0 3984.8 2231.3 352.3
2008* 9931.1 5589.4 4341.6 377.5
2009* 10564.1 5844.4 4719.7 403.5
<a href="http://pw1.netcom.com/~rdavis2/debt05.html">FEDERAL DEBT AT THE END OF FISCAL YEAR: 1940-2009</a>
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