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23 January 2003 @ 06:14 pm
Public Debt  
I'm not sure how much of this is MEANINGFUL, but I found it interesting. All numbers are from The Bureau of Public Debt.

Today, the national debt is $6,389,894,461,722.18

Which is roughly twice our debt of $3,233,313,451,777.25 we had in 1990 (13 years ago)
Which is roughly twice our debt of $1,410,702,000,000.00 we had in 1983 (7 years before that)
Which is roughly twice our debt of $718,943,000,000.00 we had in 1977 (6 years before that)
Which is roughly twice our debt of $358,028,625,002.91 we had in 1968 (9 years before that)
Which is roughly twice our debt of $136,696,090,329.90 we had in 1943 (25 years before that)
Which is roughly twice our debt of $72,422,445,116.22 we had in 1942 (1 year before that) (wars are expensive)
Which is roughly twice our debt of $22,538,672,560.15 we had in 1933 (9 years before that)
Which isn't quite twice our debt of $14,592,161,414.00 we had in 1918 (15 years before that)
Which is more than twice our debt of $5,717,770,279.52 we had in 1917 (1 year before that) (again, wars are expensive)
Which is roughly twice our debt of $2,765,600,606.69 we had in 1911 (6 years before that)
Which is roughly twice our debt of $1,119,772,138.63 we had in 1863 (48 years before that)
Which is roughly twice our debt of $524,176,412.13 we had in 1862 (1 year before that)
Which is about SIX TIMES our debt of $90,580,873.72 we had in 1861(1 year before that) (civil wars are REALLY expensive)
Which is roughly twice our debt of $44,911,881.03 we had in 1858 (3 years before that)
Which is roughly twice our debt of $28,699,831.85 we had in 1857 (1 year before that) (what's the excuse here?)
Which is roughly half our debt of $59,803,117.70 we had in 1853 (4 years before that) (yes, we cut the Debt in half in 4 years!)
Which is roughly twice our debt of $32,742,922.00 we had in 1843 (10 years before that)
Which is roughly half our debt of $13,594,480.73 we had in 1842 (1 year before that)
Which is roughly twice our debt of $5,250,875.54 we had in 1841 (1 year before that)
Which is roughly twice our debt of $3,573,343.82 we had in 1840 (1 year before that)
Which is more than ten times our debt of $336,957.83 we had in 1837 (3 years before that)
Which is almost ten times our debt of $37,513.05 we had in 1836 ( 1 year below that), which is the lowest our national debt has EVER been.

Before 1836, the debt climbs back up to a peak of $127,334,933.74 in 1816, then spirals back down to it's starting point of $75,463,476.52 in 1791.

167 years ago, the National Debt was about what a decent annual salary is today.

Exponential growth is a cruel bitch. Let this be a lesson to all of us paying off loans.
 
 
 
Eric Franklingamethyme on January 23rd, 2003 06:16 pm (UTC)
Is that adjusted for the value of a dollar and inflation?

Or is that $37k in 1861 dollars (when a dollar was worth more)?
St. Sean the Amusedseanb on January 24th, 2003 10:48 am (UTC)
Re:
I assume it's $37k in 1861 dollars, and I seriously doubt it was adjusted for inflation. This is just "raw" dollars.
Zzyzxthezzyzx on January 24th, 2003 12:13 pm (UTC)
If you assume an average annual inflation rate of 5%, $37k is $37,764,365.48 in 2003 dollars. The point still stands.