"I place economy among the first and most important virtues, and public debt as the greatest of dangers. To preserve our independence, we must not let our rulers load us with perpetual debt."
-- Thomas Jefferson, 1743-1826
He died July 4, 1826... exactly 50 years from the day he signed
the Declaration of Independence on July 4, 1776.The DEMS under Clinton claimed great strides at getting control over the National Debt... claimed they reduced it. (Hmmm, depends on what the meaning of the word "is" is, I guess.) Have a look at Clinton sez!
Clinton was in the White House for eight years... the last four months of which (Oct. 1, 2000 until Jan. 20th) were in FY 2001. Bush has been there since Jan. 20, 2001, so they both had time to do something about the Debt and Interest.
Bush and his spokesfolks are mouthing sounds similar to those made by Clinton & Co., like... "Hey, we're gonna' bring down the Debt and save taxpayers lotsa Interest." Seems to me I've heard that song before! Hmmm, where's the Media when you need 'em?
| 1) In Fiscal Year 2001 - Oct 1, 2000 thru Sep 30, 2001 (12 mos), the National Debt i-n-c-r-e-a-s-e-d $133.3 Billion Dollars 2) In each and every H-O-U-R in fiscal 2001, U.S. taxpayers shelled-out $41,039,726 for Interest on the Debt.
Wow! $41+ Million every H-O-U-R? Yep, you got it! Now shell-out and shut-up! 3) National Debt on Sep 30, 2001 totaled a staggering $5.807 Trillion Dollars... and growing!
On Feb 28, 2002 the Debt was $6,003,453,016,583.85 ($Tril) and growing! On Feb 28th, the Debt topped Six Trillion $ for the first time in our history! Update: At Mar 31, 2002 the Debt was $6,006,031,606,265.38 ($Tril) and growing! At May 31, 2002 the Debt was $6,019,332,312,247.55 ($Tril) and growing! At Jun 30, 2002 the Debt was $6,126,468,760,400.48 ($Tril) and growing! At Jul 31, 2002 the Debt was $6,159,740,790,009.39 ($Tril) and growing! At Aug 30, 2002 the Debt was $6,210,481,675,956.26 ($Tril) and growing! At Sep 30, 2002 the Debt was $6,228,235,965,597.16 ($Tril) and growing!
U.S. taxpayers shelled-out $37,960,840 ($Mil) Interest per HOUR on the
Fiscal 2003!
At Oct 31, 2002 the Debt was $6,282,527,974,378.50 ($Tril) and growing!
At Jan 31, 2003 the Debt was $6,401,376,662,047.32 ($Tril) and growing!
At Feb 28, 2003 the Debt was $6,445,790,102,794.08 ($Tril) and growing!
At Mar 31, 2003 the Debt was $6,460,776,256,578.16 ($Tril) and growing!
At Apr 30, 2003 the Debt was $6,460,380,745,789.28 ($Tril) down a bit!
At May 31, 2003 the Debt was $6,558,146,735,285.55 ($Tril) and growing!
At Jun 30, 2003 the Debt was $6,670,121,155,027.26 ($Tril) and growing!
At Jul 31, 2003 the Debt was $6,751,195,107,063.07 ($Tril) and growing!
At Aug 29, 2003 the Debt was $6,790,040,713,975.50 ($Tril) and growing!
At Sep 30, 2003 the Debt was $6,783,231,062,743.62 ($Tril) down a bit!
12 mos. Fiscal 2003 Interest was $318,148,529,151.51 ($Bil)
12 mos. Fiscal 2003 Interest / Hour was $36,318,325.00 ($Mil)
At Nov 30, 2003 the Debt was $6,925,065,499,881.34 ($Tril) and growing! At Dec 31, 2003 the Debt was $7,001,312,247,818.28 ($Tril) and growing! At Jan 31, 2004 the Debt was $7,009,234,605,728.06 ($Tril) and growing! At Feb 29, 2004 the Debt was $7,091,943,110,094.84 ($Tril) and growing! At Mar 31, 2004 the Debt was $7,131,067,950,647.32 ($Tril) and growing! At Apr 30, 2004 the Debt was $7,133,789,490,581.13 ($Tril) and growing! At May 31, 2004 the Debt was $7,187,557,826,891.12 ($Tril) and growing! At Jun 30, 2004 the Debt was $7,274,334,972,199.15 ($Tril) and growing! At Jul 31, 2004 the Debt was $7,316,567,571,232.89 ($Tril) and growing! 10 mos. Fiscal 2004 Interest was $290,045,844,892.60 ($Bil) 10 mos. Fiscal 2004 Interest / Hour was $39,494,260.00 ($Mil) |
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Fiscal 2004!
Hey, taxpayers, those aren't my figures... they're straight off
the U.S. Treasury Department's DEBT and Interest website.
So, that's where my tax money goes
...up in smoke! ...down the rathole. Yuck!
* It takes ALL the taxes paid by ALL the individual taxpayers west of the Mississippi river just to pay the Interest on the National Debt each year.
In view of Clinton's and Bush's self-serving claims about Debt & Interest -- in the face of the above FACTS to the contrary -- maybe ol' George Wallace had a point when (speaking of DEMS and REPUBS) he said:
| "There ain't a dime's worth of difference between the two!" |
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Touche', Wallace, Touche'!
In case you think the Interest to finance our National Debt all stays in the USA and helps our economy, look at this Debt Chart showing how much is Foreign owned. This Interest is YOUR tax dollars going to Foreigners.
"Until the National Debt is paid off, the other problems facing our country will remain unsolved. Compound Interest is the 'Eighth Wonder Of The World' and it can bring a nation to its knees."
-- -- C. Morgan Cofer, 1926-
"O' what a tangled web we weave, when first we practise to deceive!"
-- -- Sir Walter Scott, 1771-1832
"But when we�ve practised quite a while, how vastly we improve our style."
-- -- J.R. Pope
Former Congressman (a CPA) sez: GOVERNMENT BOOKS ARE CROOKED! Says gov't is keeping books Enron-Style! Claims Debt is close to $20 Trillion!