Comment Re:Afloat you say? (Score 2, Informative) 465
Except that there has not been a single year in the last 20 that the debt has gone down. In other words each year there has been a deficit.
(Information source: Historical Debt)
2002-2003 $555B deficit
2001-2002 $421B deficit
2000-2001 $133B deficit
1999-2000 $ 18B deficit
1998-1999 $130B deficit
1997-1998 $113B deficit
1996-1997 $189B deficit
1995-1996 $251B deficit
1994-1995 $281B deficit
1993-1994 $281B deficit
1992-1993 $347B deficit
1991-1992 $399B deficit
1990-1991 $432B deficit
1989-1990 $376B deficit
1988-1989 $255B deficit
1987-1988 $252B deficit
1986-1987 $225B deficit
1985-1986 $180B deficit *note fiscal year end changed from Dec 31, to Sep 30
1984-1985 $283B deficit
1983-1984 $252B deficit
Where are the surpluses?
There is not a single year the debt has gone down. In fact, the last actual surplus was a $581M dollar surplus in the 1959-1960 year.
(Information source: Historical Debt)
2002-2003 $555B deficit
2001-2002 $421B deficit
2000-2001 $133B deficit
1999-2000 $ 18B deficit
1998-1999 $130B deficit
1997-1998 $113B deficit
1996-1997 $189B deficit
1995-1996 $251B deficit
1994-1995 $281B deficit
1993-1994 $281B deficit
1992-1993 $347B deficit
1991-1992 $399B deficit
1990-1991 $432B deficit
1989-1990 $376B deficit
1988-1989 $255B deficit
1987-1988 $252B deficit
1986-1987 $225B deficit
1985-1986 $180B deficit *note fiscal year end changed from Dec 31, to Sep 30
1984-1985 $283B deficit
1983-1984 $252B deficit
Where are the surpluses?
There is not a single year the debt has gone down. In fact, the last actual surplus was a $581M dollar surplus in the 1959-1960 year.
12/31/1959 290,797,771,717.63
12/30/1960 290,216,815,241.68
1959-1960 ---- 580,956,475.95 surplus