Sunday, January 5, 2025

Drain the Swamp 1-5-25

By Larry P. Arnn President, Hillsdale College 

THE RECENT election is the product of a decades-long struggle in American politics that has intensified since 2016. The election produced a victory for the man who caused the intensification, Donald Trump. He caused it by convincing a people, jaded from broken promises, that he would “drain the swamp.” He also convinced the people who inhabit the swamp, and they have scorched the earth to stop him. He has been canceled, derided, slandered, libeled, investigated, searched, impeached, arrested, prosecuted, tried, convicted, shot, and yet…reelected! Now the battle will begin anew. What will it be like? There are so many problems. The border. Crime. Inflation. Education. War. Ukraine. China. Hamas/Hezbollah/Iran. Debt stacked to the far reaches of a SpaceX mission. Which matters most?

Last February, I paid a visit to Speaker of the House Mike Johnson. He might be, I told him, on the threshold of a historic opportunity. It may become possible to restore constitutional government in place of the administrative or bureaucratic state that has almost overtaken it. He replied that he prayed about that every day.

That is the issue that matters the most. The worst evils stem from it. The strongest resistance guards its entrenchment. It is not only the 23 million who work in the administrative state, many of them fine people. It is the universities who inspire and guide it while enjoying its emoluments. It is the corporations it regulates, protects, and subsidizes. It is the press that keeps its secrets and tells its fibs. It is the education bureaucracy that outnumbers the teachers with whom it interferes. It is the half of the American economy it occupies. It is the regulations it gushes, the prosecutions it wages, the verdicts it renders. It is the influence on elections it peddles in the grandest conflict of interest of all.

The administrative state is a different kind of thing from constitutional and representative government. It is a vastness, an idea whose time ought never to have come. It has gone from strength to strength here and over other parts of the West since its birth more than a century ago. It is embodied in the European Union and in socialist Britain, France, and Germany. It is seen as well in communist China, where its iron fist operates without a glove.

The administrative state is marked by the eclipse of elected legislatures and executives by tenured civil servants, making laws in uncountable profusion and pretending to be above politics. As Winston Churchill characterized them: “no longer servants and no longer civil.”

Look what it has done to America since the swamp began to fill in the 1930s, and especially since the 1960s. In 1930, government consumed twelve percent of the gross domestic product of the nation. That was about how it had been from the beginning. Today, government handles a little over 50 percent of the nation’s wealth. . This is a gigantic transfer of resources from the private to the public sector, which defies the meaning of a free society. To quote again Churchill, a champion of the free society, “money should fructify [bear fruit] in the pockets of the people.”

Here in the United States, between the presidencies of George Washington and Abraham Lincoln, the government owned the biggest asset any government ever owned: the western lands, most of the area of the country. The Homestead Act, signed by Lincoln in 1862, gave away ten percent of the land of the United States to anyone who would live on it and work it. That is the spirit of free government at its best. Over the past century, the transfer of assets has been moving the other way. Somehow, we have come to think that the fruited plains bear more fruit when the government owns them. Certainly, we should have national and state parks and open expanses. But to enjoy them, we must make a living. We must farm, mine, travel, and work as we please. We must act on our own initiative and by our own efforts. We need resources to live on and use, readily available to anyone who wants to work. That is the spirit of a free people.

Another significant change has been the centralization of government. In 1930, more than 60 percent of the money in government was raised and spent in counties, cities, and towns. The public money was held near the people who contributed it. The federal government controlled less than 20 percent. Now those numbers are reversed. Through a long and steady process, we have moved money out of the pockets of the people and into a treasury far, far away. We have converted America from a bottom-up to a topdown country. Rules proliferate. Expense piles up. Anything dependent upon the government moves like molasses on a winter day, except when an interest of the government is at stake. How we allowed this to happen is a very long story. Early progressive policies were presented as common-sense adjustments to a government that needed not revolution, but reform. Increasingly, problems were presented as emergencies that had to be fixed no matter what.

Then the news was orchestrated to produce new emergencies, requiring new regulations to solve them and new agencies to manage and enforce the regulations. Each step increased the size and reach of government. During the George W. Bush administration, I told a senior presidential advisor that the No Child Left Behind Act would not do much good. Yes, our K-12 schools are struggling to teach children to read. Adding more regulations and bureaucrats—and enabling them to write high stakes testing to drive curricula—is only more of the same. He asked, “How can parents know if their children are learning if we don’t test?” I replied, “They live with the children, and it is not hard to tell if a child can read. Also, they love them and raise them. That is the system of real accountability.” To fix what is wrong in K-12 education, make it less top-heavy. Decentralize authority to local districts and schools, put parents first, and address the problem that more than half the employees in public education are administrators, not teachers.

Today, after more than 100 years of trying, the weakness of the progressive regime becomes apparent. At its core, it undermines the principle of consent of the governed. It vaunts expertise and professionalism over politics and the principle of representation. Over time it has become unable to hide its contempt for American citizens. Its leaders have called them deplorables and worse. It seeks to take children from their parents and prosecutes parents if they complain. It seeks to restrict speech to assertions that enjoy its sanction. These policies stifle the native strength of our country, which is the source of American greatness. Take an example from the progressive attempt to disarm Americans. Hillsdale College is a sponsor of the U.S. Olympic shooting teams, who train at our Halter Shooting Sports Education Center. One of the best shotgun shooters in the world is Vincent Hancock, who just won his fourth gold medal in Paris. He recently gave a talk on our campus in which he noted that in the competition for shooting medals, China is ahead. It wins about ten medals every Olympics, and the U.S. wins about five. Of course, he continued, there are so many more Chinese than there are Americans—but whereas in China no one is allowed to own or fire a weapon except with official sanction, any American can own guns and become proficient with them. America has more great shooters than any country—people who have trained by their own efforts and for the love of it, and who could no doubt dominate at the Olympics. But of course, we don’t conscript Olympic athletes as China does.

Alexis de Tocqueville writes that in America every community and every person is the best judge of the things that concern mainly itself and himself. The army of America is the population of America. So too the workforce. No public-sector army or workforce should be allowed to become dominant. The key to restoring our political and social institutions is to understand that we need strong government, but it must be limited. This is possible only if we govern ourselves in most things.

What does President Trump propose to do? Since his election, appointments and announcements have come rapid fire. My favorite directly addresses the problem of the administrative state. It is the creation of a Department of Government Efficiency, or DOGE, headed by Elon Musk and Vivek Ramaswamy. Musk introduced certain efficiencies at Twitter. He eliminated six of the seven letters in its name to call it X. He eliminated 6,500 of its 8,500 employees, which comes to 76 percent. . He fired most of the “moderators,” the people who prevent users of the platform from saying things. Doesn’t this suggest a pattern for government? Ramaswamy came to national prominence protesting companies who forgot about their customers in favor of a woke agenda. . He had made a lot of money remembering his customers. Doesn’t this also suggest a pattern for government?

The DOGE will work as an advisory group outside the government to find a cheaper and better way to do things— or not to do things! It will work with the Office of Management and Budget, the office in the White House that has final approval over regulations. It can do a lot, but fundamental change rightly requires legislation. Trump’s party controls both houses of Congress by narrow margins. Will they pass legislation to abolish a department? To alter the tenure rules for bureaucrats? Or even to confirm Trump’s appointments? If not, achievements by executive order can disappear in a day in the next administration. The recent history of Congress, which created and has been operating alongside the administrative state for decades, does not encourage optimism. It will help that Trump won the popular vote, a moral victory, and that the politics of Trump have been changing the party. But will it be enough? To “expect the unexpected” is a logical contradiction that contains a truth: we do not know what will happen. We sail where we have not been. No president has ever staked his administration on overcoming the administrative state. Reagan, the best of Trump’s modern predecessors, was hindered by having the priority of dealing with the Soviet Union, and his party never controlled the House. Others who talked about reducing bureaucracy never attempted to do so in a fundamental way.

If politics and policy at home will be an unpredictable battle, there may be literal battles abroad. We are subject to direct and sudden attack by nations that are more numerous than we. The Chinese navy is larger than ours and gaining every month. Our defense industry is calcified, and military recruitment is down. We have spent trillions attempting to build democracy in nations that had never known it—and still do not. Our national debt piles to the moon. We will need the wisdom of Winston Churchill, born 150 years ago this month, on these matters. He has been ill understood by Republicans in recent years. Some thought they were following Churchill’s example, for instance, in attempting over many years to build a democracy in Iraq. Indeed, Churchill ruled that country as colonial secretary for 20 months after Britain inherited the problem of Iraq following World War I. But his policy, unlike ours, was to leave as soon as practically possible and meanwhile cut the cost. Different Republicans have suggested that Churchill caused World War II. In fact, he struggled for almost a decade to avoid it by calling for weapons production to deter Hitler. He had warned of the dangers of modern war throughout his life. That danger was not only physical destruction and death, but also the conscription of national life at the expense of freedom. For Churchill, as it seems for Trump, war is something to be avoided and, when it must be fought, fought fiercely to a rapid conclusion. He called World War II, in which he won his glory, “the unnecessary war.” Whatever their differences, Trump has these ideas in common with Churchill.

Our great advantage is the same that Britain has enjoyed: bodies of water between us and our worst enemies. But the oceans, like the English Channel, are not as wide as they used to be. To a greater extent we must be protected by diplomacy and weapons. In his first administration, Trump built weapons, and his diplomacy was highly successful. It may be harder this time. Despite the trials we face and those to come, we would be wrong not to expect success. It is necessary. To remain free, we must have a government accountable to us. That is the first precept of constitutionalism. That is what must be restored.

We are made for freedom. Its beauty calls to us as much as goodness and knowledge call to us, and for the same reason. This is apparent every day in the operation of Hillsdale College. Everyone here is a volunteer. No one comes to Hillsdale without understanding what it is and without promising to help it thrive according to its 180-year-old mission. That is why we are able to cooperate, to think freely, to argue all we want, and to remain civil to each other. That is why we have few rules: goals freely adopted are better than rules and enforcement. We are able to have what the word college means: a partnership. The country is the same. Founded with a beautiful Declaration that makes its mission clear, governed under the longest surviving written constitution in history, Americans built a society, a culture, and an economy of freedom from the ground up, under the shelter of political institutions that we made for this purpose and with the help of Providence.

The 250th anniversary of the Declaration of Independence will fall under President Trump’s second administration. I know from my service on the 1776 Commission, during his first administration, that he will wish to celebrate it with a loud voice and a full throat May we all go from strength to strength in recovering the meaning of that document and restoring the Constitution that enabled us to make America great in the first place.

https://imprimis.hillsdale.edu/wp-content/uploads/2024/11/Imprimis_Nov_6pg_10-24web.pdf 

Norb Leahy, Dunwoody GA Tea Party Leader

Deregulating Health Insurance 1-5-25

The Trump Administration’s broad policy agenda is to deregulate markets and expand choice and competition to keep costs down for consumers and taxpayers. This report considers three changes that have the effect of expanding consumers’ health insurance options: (1) reducing, through The Tax Cuts and Jobs Act of 2017, the individual mandate penalty to zero owed by consumers who did not have federally approved coverage or an exemption; (2) permitting, via a June 2018 rule, more small businesses to form Association Health Plans (AHPs) to provide lower-cost group health insurance to their employees; and (3) expanding, through an August 2018 rule, short-term, limited-duration insurance (STLDI) plans. 

Previous assessments of the Affordable Care Act (ACA) have relied on ad hoc metrics and rationales that are related to but do not directly measure or address the impact of regulations on market participants. To overcome this problem, we use standard methods of welfare economics to assess the potential efficiency gains to the consumers and taxpayers affected by the deregulatory reforms. We rely on estimates from the Congressional Budget Office and other reliable statistical sources for the basic inputs into this welfare analysis.

Our overall finding is that these changes, including the Trump Administration’s deregulatory reforms to expand health coverage options, will generate benefits to Americans that are worth an estimated $450 billion over the next 10 years. The reduction of the individual mandate penalty to zero accounts for $14 billion per year; the AHP rule accounts for $8 billion per year; the STLDI reform accounts for $8 billion per year; and the reduction in the excess burdens of labor taxation accounts for $15 billion per year. We estimate that the reforms will benefit lower and middle-income consumers and all taxpayers but will impose costs on some middle- and higher-income consumers, who will pay higher insurance premiums. The benefits of giving a large set of consumers more insurance options will far outweigh the projected costs imposed on the smaller set who will pay higher premiums. We provide estimates that these reforms do not “sabotage” the ACA but rather provide a more efficient focus of tax-funded care to those in need.

https://trumpwhitehouse.archives.gov/wp-content/uploads/2019/02/Deregulating-Health-Insurance-Markets-FINAL.pdf

Comments

Replacing Obamacare with Deregulation is needed to allow Health Insurers to return to “medically necessary” coverage and allow companies to return to using Medical Plan Trusts to fund their employees’ healthcare.

Medical technology continues to develop improvements in treatment and testing to reduce costs. These improvements are being developed by medical devise companies. Big Pharma continues to spend its money on TV ads.

Norb Leahy, Dunwoody GA Tea Party Leader

 

Saturday, January 4, 2025

US Constitutional Compliance 1-4-25

Many of us believe that our sovereign debt problems could have been avoided if we had ensured that our federal government remained in compliance with the US Constitution and the limits placed on the federal by the enumerated powers and 10th Amendment.

If we had resisted the federal government’s unconstitutional expansion of powers, 1/3rd of our landmass would be owned by the states, the federal courts would only be able to “opine” over federal issues and states would have had to deal with these issues with a balanced budget.

Resetting Constitutional powers will require some time to transition functions from the federal to the states. The federal government will need to continue to fund Social Security transition costs and pay down its debts.

If we are able to wrest the unconstitutional functions from the federal government, there would be no departments, agencies, programs, congressional committees or funds for Foreign Aid, Grants to States, Homeland Security, Agriculture, Health & Human Services, Education, Transportation, Energy, Labor, Interior or Commerce. There would be no HUD, EPA, USDA, TSA, FEMA, FDA, Federal Reserve, etc.

Loans held by Fannie Mae, Freddy Mac and Sallie Mae would be sold to the private sector. Education and Healthcare care should be repaired in the free market.

The Federal government would cede all federal lands to the states and transfer unconstitutional functions “to the States and the People” States and the People would have responsibility for education, labor, food inspection, environmental regulations, etc.

The Federal government would maintain military forces for defense, police the oceans, secure the borders, administer immigration policy, deal with other nations and operate the US mint and Patent Office.  They would maintain a federal court, a legislature consisting of a House and Senate and maintain the Executive branch.

The Federal government would need to pay down the national debt and begin to transition Social Security for the next generation to private accounts.

Interest rates would be set by the free market. Churches, charities and individuals would need to reassume their previous responsibility for the poor. This would require the repeal of many laws and regulations. Malpractice would be handled by local Medical Associations. The Civil Rights Act should be repealed. The US should return to being a free market meritocracy. We should quit the UN and IMF. Congress should take control of trade agreements and immigration and should read all bills and write their own regulations. Bills should not be bundled to allow bad law to ride on critical Bills.

Comments

I posted this in 2015 and believe Constitutional Compliance is the key to ending government overspending and money printing Inflation.

Norb Leahy, Dunwoody GA Tea Party Leader

NTL Conservative Blog August 30 2015

Unconstitutional Mistakes 1-4-25

National Parks – The notion that the federal government is allowed by the Constitution to own 1/3 of the US landmass is preposterous. The Constitution limits the federal government to only that land it uses to fulfill its enumerated powers. This land needs to be returned to the States. 

Campaign Finance – Big Money has influenced elective office from the beginning. Many of the founders were wealthy enough to devote time to founding the US. In recent years, voters have been cut out of the process by global corporations with their own agendas. But now Big Money doesn’t care what happens to the U.S. Consequently, we need to restrict campaign contributions to registered voters and only for those candidates who would appear on their ballot.

Unsound Money – The US dollar was sound leading up to the passage of the Federal Reserve Act in 1913. Congress’ responsibility for the money supply was given to the Federal Reserve, who also took setting interest rates away from the free market.  This imposed a “managed economy” to replace the “free market economy” the US was founded on. Money printing now needs to be restricted by Congress and interest rates should be returned to the free market as soon as possible.

Government Schools – These have failed on all fronts.  The government needs to withdraw from all control and funding of education on all fronts.

Social Security – This needs to be wound down and returned to the free market as soon as possible. If we had sent our 15% to our own self-directed IRAs, we would have a retirement account 3 times larger than our payments.

Healthcare – This belongs in the private sector.

Insurance – This belongs in the private sector.

Lending - This belongs in the private sector.

Environmental Quality – This belongs to the States and the People.

Urban Housing – This is not a federal matter or even a good idea.

Welfare for Non-citizens – This is fiscal suicide.

Trade Agreements – This belongs in the private sector

Counterproductive Regulations – These are regulations that are unnecessary or predatory.

Immigration – This used to be controlled by our need for labor, but continued far beyond that.  Now 93 million working-age US citizens are without jobs, because of excessive immigration and open borders.

Excessive Government Debt – This should not be allowed at any level of government.

Comments

I posted this in 2015. I am relieved that the Trump Agenda will reduce the role and cost of government enough to help ua avoid going broke.

Norb Leahy, Dunwoody GA Tea Party Leader

NTL Conservative BlogJune 24 2015  

Friday, January 3, 2025

Debt to GDP by Country 1-3-25

 https://worldpopulationreview.com/country-rankings/debt-to-gdp-ratio-by-country

 Country      %Debt/GDP 2020 to 2024 

                     2020     2024

Venezuela    350%    241%

Japan           266%    264%

Sudan          259%    186%

Greece         206%    173%

Lebanon      172%     151%

Cabo Verdi  157%     127%

Italy             156%     142%

Libya           155%       90%

Portugal       134%      94%

Singapore    131%     173%

Bahrain        128%     127%

US               128%     129%

https://worldpopulationreview.com/country-rankings/debt-to-gdp-ratio-by-country

https://worldpopulationreview.com/country-rankings/debt-to-gdp-ratio-by-country

Comments

Reducing the US National Debt to $36 trillion and reducing it from current levels is the only way to avoid further damaging the US Economy.

The first order of business is to deport illegals, bring manufacturing back to the US and reduce Corpoorate and Individual Income Taxes. Inflation will subside as we increase oil and natural gas production to increase the global supply and lower energy costs

Norb Leahy, Dunwoody GA Tea Party Leader


 

Nominal GDP 2024 by Country 1-3-25

Top 50 estimate by IMF 10/26/21 Ranked by 2021 GDP

https://statisticstimes.com/economy/projected-world-gdp-ranking.php

Country               2020           2021          2024     

United States  20.59375T  22.93958T    29.167T

China              14.86674T  16.86298T    18.273T

Germany          3.84334T    4.23017T     4.710T

Japan               5.04510T    5.10311T     4.070T

India                 2.66024T     2.12023T    3.989T

UK                    2.70968T    3.10842T     3.588T

France              2.62442T    2.94043T     3.174T

Italy                  1.88494T    2.12023T     2.377T

Canada            1.64404T    2.01598T     2.215T

Russia           1.47857T       1.64757T     2.184T

Brazil             1.44472T       1.64584T     2.188T

S Korea         1.63826T      1.82385T      1.870T

Mexico           1.07392T       1.28552T    1.848T

Australia        1.35937T       1.61056T     1.802T

Spain             1.28046T       1.43996T     1.731T

Indonesia       1.05964T       1.15025T    1.406T

Iran                  835.35B       1.08138T      434B

Turkey              719.92B        795.95B    1.344T

Netherlands     913.13B       1.00756T    1.218T

Saudi Arabia    700.12B        842.59B     1.100T

Switzerland      751.88B        810.83B       942B

Poland             595.92B        655.33B       863B

Taiwan             668.16B        785.59B      775B

Belgium           514.92B        581.85B      662B

Sweden           541.06B        622.37B      609B

Argentina          389.06B       455.17B      604B

Ireland             425.55B        516.25B      561B

UAE                 358.87B        410.16B     545B

Austria             432.52B        481.21B      536B

Singapore        339.98B        378.65B     531B

Nigeria             429.42B        480.48B

Thailand          501.71B        546.22B      529B

Israel                407.10B        467.53B     528B

Norway             362.52B       445.51B     504B

Vietnam           343.11B        368.00B    480B

Philippines        361.49B       385.74B    470B

Bangladesh     323.06B        355.69B     452B

Malaysia          337.01B        371.11B    440B

Colombia         271.55B        300.79B     417B

Denmark          356.09B        396.67B     412B

S Africa            335.34B        415.32B     403B

Hong Kong      346.58B        369.72B     402B

Romania         248.72B        287.28B      381B

Egypt                363.25B       396.33B     380B

Pakistan          261.73B        292.22B     375B

Czech Rep     245.35B         276.91B     343B

Chile                252.82B        331.25B     329B

Finland            269.56B        296.02B     306B

Portugal         228.36B         251.71B     303B

N Zealand      209.38B         247.64B

Totals             84.972T         94.935T   110.000T

https://statisticstimes.com/economy/projected-world-gdp-ranking.php

Comments 

The top 50 countries increased Nominal GDP despite the Covid-19 rise in cases, deaths and lock-downs in 2020 and 2021.

https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)

The 2024 Update shows manufacturing leaving China and appearing in other poor Asian countries.

https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)

The increase in US GDP is due to Federal Government Overspending on the Climate Change Hoax and causing 35% inflation from high global gas prices in every country.

Norb Leahy, Dunwoody GA Tea Party Leader

 

 

 

Thursday, January 2, 2025

US Debt to GDP History 1-2-25

This repost from November 2, 2021 gives us the history leading up to our Fiscal Cliff beginning in 2000 when the National Debt was $5 trillion.

End of Fiscal Year

Debt (in billions, rounded)

Debt-to-GDP Ratio

US Unemployment %

1929

$17

16%

3.2%

1930

$16

17%

8.7%

1931

$17

22%

15.9%

1932

$20

34%

23.6%

1933

$23

40%

24.9%

1934

$27

40%

21.7%

1935

$29

39%

20.1%

1936

$34

40%

16.9%

1937

$36

39%

14.3%

1938

$37

42%

19.0%

1939

$40

51%

17.2%

1940

$43

49%

14.6%

1941

$49

44%

9.9%

1942

$72

48%

4.7%

1943

$137

70%

1.9%

1944

$201

91%

1.2%

1945

$259

114%

1.9%

1946

$269

119%

3.9%

1947

$258

103%

3.6%

1948

$252

92%

4.0%

1949

$253

93%

6.6%

1950

$257

86%

4.3%

1951

$255

74%

3.1%

1952

$259

71%

2.7%

1953

$266

68%

4.5%

1954

$271

69%

5.0%

1955

$274

64%

4.2%

1956

$273

61%

4.2%

1957

$271

57%

5.2%

1958

$276

58%

6.2%

1959

$285

55%

5.3%

1960

$286

54%

6.6%

1961

$289

52%

6.0%

1962

$298

50%

5.5%

1963

$306

48%

5.5%

1964

$312

46%

5.0%

1965

$317

43%

4.0%

1966

$320

40%

3.8%

1967

$326

40%

3.8%

1968

$348

39%

3.4%

1969

$354

36%

3.5%

1970

$371

35%

6.1%

1971

$398

35%

6.0%

1972

$427

34%

5.2%

1973

$458

33%

4.9%

1974

$475

31%

7.2%

1975

$533

32%

8.2%

1976

$620

33%

7.8%

1977

$699

34%

6.4%

1978

$772

33%

6.0%

1979

$827

32%

6.0%

1980

$908

32%

7.2%

1981

$998

31%

8.5%

1982

$1,142

34%

10.8%

1983

$1,377

37%

8.3%

1984

$1,572

38%

7.3%

1985

$1,823

41%

7.0%

1986

$2,125

46%

6.6%

1987

$2,350

48%

5.7%

1988

$2,602

50%

5.3%

1989

$2,857

51%

5.4%

1990

$3,233

54%

6.3%

1991

$3,665

58%

7.3%

1992

$4,065

61%

7.4% 

1993

$4,411

63%

6.5%

1994

$4,693

64%

5.5%

1995

$4,974

64%

5.6%

1996

$5,225

64%

5.4%

1997

$5,413

63%

4.7%

1998

$5,526

60%

4.4%

1999

$5,656

58%

4.0%

2000

$5,674

55%

3.9%

2001

$5,807

55%

5.7%

2002

$6,228

57%

6.0%

2003

$6,783

59%

5.7%

2004

$7,379

60%

5.4%

2005

$7,933

61%

4.9%

2006

$8,507

61%

4.4%

2007

$9,008

62%

5.0%

2008

$10,025

68%

7.3%

2009

$11,910

82%

9.9%

2010

$13,562

90%

9.3%

2011

$14,790

95%

8.5%

2012

$16,066

99%

7.9%

2013

$16,738

99%

6.7%

2014

$17,824

101%

5.6%

2015

$18,151

100%

5.0%

2016

$19,573

105%

4.7%

2017

$20,245

104%

4.1%

2018

$21,516

105%

3.9%

2019

$22,719

107%

3.5%

2020

$27,748

129%

8.1%

2021

$28,400

125%

5.2%

UPDATED BY 

HILAREY GOULD 10/11/21

https://www.thebalance.com/national-debt-by-year-compared-to-gdp-and-major-events-3306287

https://www.thebalance.com/unemployment-rate-by-year-3305506

https://worldpopulationreview.com/countries/countries-by-national-debt

Comments

The US Debt to GDP tracks the growth of US federal government overspending from $17 billion in 1929 to $28.4 trillion in 2021. The current US National Debt is $36 trillion.

Norb Leahy, Dunwoody GA Tea Party Leader