https://www.thebalancemoney.com/national-debt-by-year-compared-to-gdp-and-major-events-3306287
From 1929 to 2022, the National Debt grew from $17Billion to $30.8Trillion. The debt came from wars in WW2, Cold War. Korea, Vietnam, Afghanistan and Iraq. More debt came from Medicare, Welfare, Illegal immigration, refugees, climate change spending and Covid19.
FY $Debt
%Debt to GDP
1929 17B
16 Hoover
1930 16B
17
1931 17B
22
1932 20B
34
1933 23B
40 Roosevelt
1934 27B
40
1935 29B
39
1936 34B
40
1939 40B
51
1940 43B
49
1941 49B
44
1942 72B
48 WW2
1943 137B
70
1944 201B
91
1945 259B
114
1946 269B
119 Truman
1947 258B
103
1948 252B
92
1949 253B
93
1950 257B
86 Korea
1951 255B
74
1952 259B
71
1953 266B
68 Eisenhower
1954 271B
69
1955 274B
64
1956 273B
61
1957 271B
57
1958 276B
58
1959 285B
55
1960 286B
54
1961 289B
52 Kennedy
1962 298B
50
1963 306B
48 Johnson
1964 312B
46 Medicare
1965 317B
43 Vietnam
1966 320B
40 Welfare
1967 326B
40
1968 348B
39
1969 354B
36 Nixon
1970 371B
35
1971 398B
35
1972 427B
34
1973 458B
33
1974 475B
31 Ford
1975 533B
32
1976 620B
33
1977 699B
34 Carter
1978 772B
33
1979 827B
32
1980 908B
32
1981 998B
31 Reagan
1982 1.142T
34
1983 1.377T
37
1984 1.572T
38
1985 1.823T
41
1986 2.125T
46
1987 2.350T
48
1988 2.602T
50 Cold War ends
1989 2.857T
51 Bush 1
1990 3.233T
54 Iraq/Kuwait War
1991 3.665T
58 UN Agenda 21
1992 4.065T
61
1993 4.411T
63 Clinton
1994 4.693T
64
1995 4.974T
64
1996 5.225T
64
1997 5.413T
63
1998 5.526T
60
1999 5.656T
58
2000 5.674T
55
2001 5.807T
55 Bush 2
2002 6.228T
57 Afghanistan War
2003 6.783T
59 Iraq War 2
2004 7.379T
60
2005 7.933T
61
2006 8.507T
61
2007 9.008T
68
2008 10.025T
68 Mortgage meltdown
2009 11.910T
82 Obama
2010 13.562T
90
2011 14.790T
95
2012 16.066T
99
2013 16.738T
99
2014 17.824T 101
2015 18.151T 100
2016 19 573T 105
2017 20.245T 104 Trump
2018 21.516T 105 Tax cuts
2019 22.719T 107 Tariffs
2020 26,945T 124 Covid
2021 28,428T 129 Biden
2022 30.928T 122
2023 33.167T 118
https://www.thebalancemoney.com/national-debt-by-year-compared-to-gdp-and-major-events-3306287
https://tradingeconomics.com/united-states/government-debt-to-gdp
https://www.investopedia.com/us-national-debt-by-year-7499291
Comments
The US National Debt explosion
began in 2000
George W Bush doubled the
National Debt from $5.6T to $10.0T
Barak Obama doubled the
National Debt again from 10.0T to 19.5T
Donald Trump moved the
National Debt from 19.5T to 22.7T and Covid moved it from 22.7T to 26.9T
Joe Biden moved the National Debt from 26.9T to $33.2T
Excessive US Federal spending
stems from national defense in necessary wars like WW2 and Isis.
Military Foreign Aid funds unnecessary wars like Vietnam and most other wars.
Norb Leahy, Dunwoody GA Tea
Party Leader
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