by Lyion » Tue May 31, 2005 6:11 am
Let me simplify it even further. This is our national debt over the last 15 years. The 'budget' isn't really a big deal, because that's congress haggling over spending, and its moreso how much we earn and pay in taxes. It'd be nice if we had a balanced budget amendment, but I wouldn't count on it. Neither party wants to stop pork spending.
Notice the national debt going up, due to entitlement spending? Up, up, up. Notice during the Clinton years it never goes down at all. Notice how it doesnt go down, period?
Those who understand what the US 'Budget' is, unlike Map who is clueless, realize that number is essentially meaningless. What matters is 'cuts' made to programs within the budget to reign in spending, and ensuring financial and GDP growth so we can make more cash, create more jobs, and ensure our economy grows.
09/30/2003 $6,783,231,062,743.62
09/30/2002 6,228,235,965,597.16
09/28/2001 5,807,463,412,200.06
09/30/2000 5,674,178,209,886.86
09/30/1999 5,656,270,901,615.43
09/30/1998 5,526,193,008,897.62
09/30/1997 5,413,146,011,397.34
09/30/1996 5,224,810,939,135.73
09/29/1995 4,973,982,900,709.39
09/30/1994 4,692,749,910,013.32
09/30/1993 4,411,488,883,139.38
09/30/1992 4,064,620,655,521.66
09/30/1991 3,665,303,351,697.03
09/28/1990 3,233,313,451,777.25
09/29/1989 2,857,430,960,187.32
09/30/1988 2,602,337,712,041.16
I could explain the Federal Reserve, but I'm sure some here just prefer nice little charts without having a whit of comprehension.
What saves a man is to take a step. Then another step.
– C. S. Lewis