PF Exclusive: Debt increase in FY2015 lowest in 14 years

Discussion in 'Budget & Taxes' started by Iriemon, Nov 13, 2015.

  1. Bluesguy

    Bluesguy Well-Known Member Donor

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    No where did I say ALL and no where did I limit it to just lame duck. Your statements about the budget submission by a President having some power in law and must be considered by the Congress are fallacious and they are routinely ignored as DOA.
     
  2. Bluesguy

    Bluesguy Well-Known Member Donor

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    Correct but was superseded by the budget act of 1974. And again Congress has no obligation to even consider it.

    Reagan Budget Declared Dead Before
    https://www.washingtonpost.com/arch...-before/81c8bad0-a9f1-451b-8cd3-246b6728b17b/

    Obama’s $4.1 Trillion Budget Proposal is DOA on Capitol Hill
    http://nahbnow.com/2016/02/obamas-4...-2017-budget-proposal-is-doa-on-capitol-hill/

    Trump’s new budget might be DOA, but DOD isn’t worried
    http://thehill.com/blogs/pundits-bl...-new-budget-might-be-doa-but-dod-isnt-worried

    And one of my favorites

    "Unlike last year, when Bush forced Democrats to accept lower spending figures, this year could prove more difficult for the president. The fiscal year begins Oct. 1, less than four months before he leaves office.

    "He doesn't have us over a barrel this year, because either a President Clinton or a President Obama will have to deal with us next year," said Senate Majority Leader Harry Reid, D-Nev. "We are not going to be held hostage to the unreasonableness of this president."

    Much of the president's plan has little chance of passage, lawmakers and budget experts say. Nearly $200 billion in Medicare and Medicaid savings need congressional approval, which Democrats are unlikely to provide. "Dead on arrival," vowed Sen. Max Baucus, D-Mont., chairman of the Senate Finance Committee.
    http://usatoday30.usatoday.com/news/washington/2008-02-03-bush-budget_N.htm

    President Obama signed the 2009 Omnibus Spending Bill, the budget
     
    Last edited: May 23, 2017
  3. Ndividual

    Ndividual Well-Known Member

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    Feel free to respond, but keep your responses relative to what the person you are responding to has posted.
    Regardless of which political party is in power, is more debt the solution to achieving greater equality within the Nation, and what are the consequences in a world where much trade occurs between Nations?
    In my opinion, economic survival of the U.S.A. has become dependent upon inflation, and living abroad I have seen inflation occur where I live as well. In 1991, when the U.S. minimum wage was $4.25/hr the minimum daily wage here was about $2.90, and adequately livable. Currently, with the U.S. minimum wage at $7.25/hr the minimum daily wage here has risen to about $8.84 and much more adequately livable. Much manufacturing has moved here from developed world nations, paying employees much more than the minimum daily wage, yet much less than the U.S. hourly minimum wage, not to mention far less other benefits. As a result the standard of living is increasing greatly and rapidly as a result of free market trade between countries, with an unemployment rate of just over 1/2% or 0.006%. No work equals no money, and social welfare is a result of private individuals providing aid when and where they see it productive. I've yet to see any dead bodies along the roads.
    Donald Trump was inaugurated on 20 January 2017 with the debt at $19,947,304,555,212.49
    The current debt figure provided by the government on 22 May 2017 is $19,846,034,340,301.91
    That's a debt reduction of $101,270,214,910.58
    Who would you like to credit for the reduction, or how might you respond to the happening?
    And by the way, the debt ceiling was reinstated on 17 March 2017 as $20.1 billion. Should Congress be thinking about trying to raise it?
     
    Last edited: May 23, 2017
  4. Ndividual

    Ndividual Well-Known Member

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    FY 2016 ended with a debt of $19,573,444,713,936.79 an increase of $1,422,827,047,452.46 from FY 2015


    FY 2017 Mo 1 ended with a debt of $19,805,715,214,641.75 an increase of $232,270,500,704.96

    FY 2017 Mo 2 ended with a debt of $19,948,064,697,245.75 a monthly increase of $142,349,482,604.00

    FY 2017 Mo 3 ended with a debt of $19,976,826,951,047.80 a monthly increase of $28,762,253,802.05 increasing our debt $403,382,237,111.01 during the first three months of FY 2017.

    01/20/2017 $19,947,304,555,212.49 Debt when Trump inaugurated

    FY 2017 Mo 4 ended with a debt of $19,937,261,314,503.29 a monthly decrease of $39,565,636,544.51

    FY 2017 Mo 5 ended with a debt of $19,959,593,604,841.58 a monthly increase of $22,332,290,338.29

    FY 2017 Mo 6 ended with a debt of $19,846,420,062,676.87 a monthly decrease of $113,173,542,164.71

    FY 2017 Mo 7 ended with a debt of $19,846,129,308,635.72 a monthly decrease of $290,754,041.15

    FY 2017 Mo 8 ended with a debt of $19,845,941,916,894.67 a monthly decrease of $187,391,741.05
     
  5. Econ4Every1

    Econ4Every1 Well-Known Member

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    Perhaps you can enumerate how the rising debt affects the average person?
     
  6. Ndividual

    Ndividual Well-Known Member

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    That question is deserving of a thread of its own, and this one simply remain attentive to the debt change, increase/decrease.
     
  7. Ndividual

    Ndividual Well-Known Member

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    FY 2016 ended with a debt of $19,573,444,713,936.79 an increase of $1,422,827,047,452.46 from FY 2015


    FY 2017 Mo 1 ended with a debt of $19,805,715,214,641.75 an increase of $232,270,500,704.96

    FY 2017 Mo 2 ended with a debt of $19,948,064,697,245.75 a monthly increase of $142,349,482,604.00

    FY 2017 Mo 3 ended with a debt of $19,976,826,951,047.80 a monthly increase of $28,762,253,802.05 increasing our debt $403,382,237,111.01 during the first three months of FY 2017.

    01/20/2017 $19,947,304,555,212.49 Debt when Trump inaugurated

    FY 2017 Mo 4 ended with a debt of $19,937,261,314,503.29 a monthly decrease of $39,565,636,544.51

    FY 2017 Mo 5 ended with a debt of $19,959,593,604,841.58 a monthly increase of $22,332,290,338.29

    FY 2017 Mo 6 ended with a debt of $19,846,420,062,676.87 a monthly decrease of $113,173,542,164.71

    FY 2017 Mo 7 ended with a debt of $19,846,129,308,635.72 a monthly decrease of $290,754,041.15

    FY 2017 Mo 8 ended with a debt of $19,845,941,916,894.67 a monthly decrease of $187,391,741.05

    FY 2017 Mo 9 ended with a debt of $19,844,554,182,651.33 a monthly decrease of $1,387,734,243.34
     
  8. Econ4Every1

    Econ4Every1 Well-Known Member

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    Not really sure what message you are trying to send, but if it's to say that this administration is unusual....I'll go back to Bush Jr.

    1 $5,679,727
    2 $5,693,600
    3 $5,776,091
    4 $5,711,285
    5 $5,735,333
    6 $5,773,392
    7 $5,685,108
    8 $5,647,170
    9 $5,685,938


    The total increase from month 1 FY 2000 and month 9 FY 2000 was a total increase of 1.0%

    The difference between month 1 FY 2017 and month 9 FY 2017 is 1.9% or 0.1% higher than it was under Bush and not all that unusual.

    The point is, the first 9 months of Trump is obviously about the same as Bush.

    Why didn't I use Obama? We know that by the time Obama was in office the financial collapse had already begun and billions in spending had already been approved but for comparison's sake, the debt increased 4.3% over the first 9 months of the FY of Obama's first term.

    Conversely, Clinton ran a surplus. By the numbers, he'll come out best (depending on how you define "best").

    But this really doesn't answer the question "Perhaps you can enumerate how the rising debt affects the average person?"
     
    Last edited: Jul 3, 2017
  9. Ndividual

    Ndividual Well-Known Member

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    FY 2000 began October 1999, while Clinton was President and ended September 2000. Bush 43 was inaugurated on 20 January, 2001 which was the 4th month of FY 2001.
    The total debt increased by $17,907,308,253.43 from the end of FY 1999 to the end of FY 2000.

    I'm simply presenting facts provided by our government. As for the Trump administration, that too might be made an interesting thread topic.
    Note that Trump is just beginning his sixth month as POTUS, therefore I will hold off making any judgment until I have more to base one on.



    Perhaps YOU might begin a thread based on the topic "How the rising debt affects the average person" or "The rising debt has no affect on the average person", whichever you feel the case is. There are already too many threads with posts irrelevant to the topic by which they are titled.
     
  10. Econ4Every1

    Econ4Every1 Well-Known Member

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    I know when the fiscal year begins. The numbers I cited are for Oct-June, thus the numbers I cited are comparable to the numbers you cited, you you are right, the numbers are for 1999-2000, I wasn't thinking about the fact that Bush took office in 2001.

    LOL..you may want to check that again. The debt did not increase $17+ trillion dollars. The entire debt at the time was under $6 trillion (without looking up the actual number).

    Fair enough

    I might.
     
    Last edited: Jul 4, 2017
  11. Ndividual

    Ndividual Well-Known Member

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    The below is from my spreadsheet of the governments published daily debt to the penny, showing the monthly debt change for the 1st 9 months of FY 2000 and FY 2017.
    Red indicating an increase and green a decrease from the previous month.
    FY 2000
    $23,455,761,270.63
    $22,283,393,862.14
    $74,081,257,459.13

    -$64,806,145,273.87
    $24,048,179,181.12
    $38,058,286,550.33

    -$88,283,406,088.15
    -$37,938,340,062.51

    $38,768,198,764.41

    FY 2017
    $232,270,500,704.96

    $142,349,482,604.00

    $28,762,253,802.05

    -$39,565,636,544.51
    $22,332,290,338.29
    -$113,173,542,164.71

    -$290,754,041.15

    -$187,391,741.05

    -$1,387,734,243.34



    Read it again, it says "seventeen Billion, nine hundred seven Million, three hundred eight Thousand, two hundred fifty three Dollars and forty three Cents.

    I don't mean to appear condescending above, but your claim made me have to read it aloud to see if I had copied the wrong field from my spreadsheet.
     
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  12. Bluesguy

    Bluesguy Well-Known Member Donor

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    Well by the time Bush43 entered office we were in an economic slowdown which turned into a recession within weeks but you dont seem to conisider that. And that spending was Democrats spending increases including Senator Obama then President Obama. The Democrats bragged how they were going to increase spending and while Bush was able to hold down some of that increase in FY2008 they cut hm iut completely for FY2009.

    Gingrich and Kaisch ran surpluses with their budgets. Ckinton was forced to go along with them.
     
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  13. Ndividual

    Ndividual Well-Known Member

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    FY 2016 ended with a debt of $19,573,444,713,936.79 an increase of $1,422,827,047,452.46 from FY 2015


    FY 2017 Mo 1 ended with a debt of $19,805,715,214,641.75 an increase of $232,270,500,704.96
    FY 2017 Mo 2 ended with a debt of $19,948,064,697,245.75 a monthly increase of $142,349,482,604.00
    FY 2017 Mo 3 ended with a debt of $19,976,826,951,047.80 a monthly increase of $28,762,253,802.05 increasing debt $403,382,237,111.01 the first three months of FY 2017.

    01/20/2017 $19,947,304,555,212.49 Debt when Trump inaugurated

    FY 2017 Mo 4 ended with a debt of $19,937,261,314,503.29 a monthly decrease of $39,565,636,544.51
    FY 2017 Mo 5 ended with a debt of $19,959,593,604,841.58 a monthly increase of $22,332,290,338.29
    FY 2017 Mo 6 ended with a debt of $19,846,420,062,676.87 a monthly decrease of $113,173,542,164.71
    FY 2017 Mo 7 ended with a debt of $19,846,129,308,635.72 a monthly decrease of $290,754,041.15
    FY 2017 Mo 8 ended with a debt of $19,845,941,916,894.67 a monthly decrease of $187,391,741.05
    FY 2017 Mo 9 ended with a debt of $19,844,554,182,651.33 a monthly decrease of $1,387,734,243.34
    FY 2017 Mo 10 ended with a debt of $19,844,908,989,217.09 a monthly increase of $354,806,565.76
     
  14. Ndividual

    Ndividual Well-Known Member

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    FY 2016 ended with a debt of $19,573,444,713,936.79 an increase of $1,422,827,047,452.46 from FY 2015

    FY 2017 Mo 01 ended with a debt of $19,805,715,214,641.75 a monthly change of.+$232,270,500,704.96
    FY 2017 Mo 02 ended with a debt of $19,948,064,697,245.75 a monthly change of.+$142,349,482,604.00
    FY 2017 Mo 03 ended with a debt of $19,976,826,951,047.80 a monthly change of...+$28,762,253,802.05

    01/20/2017 $19,947,304,555,212.49 Debt when Trump inaugurated 20 day change of.-$29,522,395,835.31
    # FY 2017 debt change produced under Obama when Trump was inaugurated $373,859,841,275.70

    FY 2017 Mo 04 ended with a debt of $19,937,261,314,503.29 a monthly change of..-$39,565,636,544.51
    FY 2017 Mo 05 ended with a debt of $19,959,593,604,841.58 a monthly change of..+$22,332,290,338.29
    FY 2017 Mo 06 ended with a debt of $19,846,420,062,676.87 a monthly change of.-$113,173,542,164.71
    FY 2017 Mo 07 ended with a debt of $19,846,129,308,635.72 a monthly change of........-$290,754,041.15
    FY 2017 Mo 08 ended with a debt of $19,845,941,916,894.67 a monthly change of........-$187,391,741.05
    FY 2017 Mo 09 ended with a debt of $19,844,554,182,651.33 a monthly change of.....-$1,387,734,243.34
    FY 2017 Mo 10 ended with a debt of $19,844,908,989,217.09 a monthly change of.......+$354,806,565.76
    FY 2017 Mo 11 ended with a debt of $19,844,533,441,924.39 a monthly change of........-$375,547,292.70
     
  15. Distraff

    Distraff Well-Known Member

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    Well, I got some bad bad news for you. The debt increase is just the amount of debt the government reserves for future debt and has very little to do with actual debt incurred. In 2016 the government reserved for a lot of debt which is why in this year they reserved a lot less. Trump hasn't don't much that impacts fiscal or economic policy so he has nothing do with any changes.
     
  16. OldManOnFire

    OldManOnFire Well-Known Member

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    Just this past week someone provided information that said the deficit spending for this fiscal year is $700 billion...
     
  17. Ndividual

    Ndividual Well-Known Member

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    FY 2017 has ended with a debt of $20,244,900,016,053.51 an increase of $671,455,302,116.72 from FY 2016

    FY 2016 ended with a debt of $19,573,444,713,936.79 an increase of $1,422,827,047,452.46 from FY 2015

    FY 2017 Mo 01 ended with a debt of $19,805,715,214,641.75 a monthly change of.+$232,270,500,704.96
    FY 2017 Mo 02 ended with a debt of $19,948,064,697,245.75 a monthly change of.+$142,349,482,604.00
    FY 2017 Mo 03 ended with a debt of $19,976,826,951,047.80 a monthly change of...+$28,762,253,802.05

    01/20/2017 $19,947,304,555,212.49 Debt when Trump inaugurated 20 day change of.-$29,522,395,835.31
    # FY 2017 debt change produced under Obama when Trump was inaugurated $373,859,841,275.70

    FY 2017 Mo 04 ended with a debt of $19,937,261,314,503.29 a monthly change of..-$39,565,636,544.51
    FY 2017 Mo 05 ended with a debt of $19,959,593,604,841.58 a monthly change of..+$22,332,290,338.29
    FY 2017 Mo 06 ended with a debt of $19,846,420,062,676.87 a monthly change of.-$113,173,542,164.71
    FY 2017 Mo 07 ended with a debt of $19,846,129,308,635.72 a monthly change of........-$290,754,041.15
    FY 2017 Mo 08 ended with a debt of $19,845,941,916,894.67 a monthly change of........-$187,391,741.05
    FY 2017 Mo 09 ended with a debt of $19,844,554,182,651.33 a monthly change of.....-$1,387,734,243.34
    FY 2017 Mo 10 ended with a debt of $19,844,908,989,217.09 a monthly change of.......+$354,806,565.76
    FY 2017 Mo 11 ended with a debt of $19,844,533,441,924.39 a monthly change of........-$375,547,292.70
    FY 2017 Mo 12 ended with a debt of $20,244,900,016,053.51 a monthly change of.+$400,366,574,129.12
     
  18. Ndividual

    Ndividual Well-Known Member

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    Continued in a new thread titled "Nothing exclusive simply tracking FY 2018 debt progress"
     

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