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Jobs & Careers > Some Statistics That May Surprise You.
 

Some Statistics That May Surprise You.


Found this interesting.  I will let each person arrive at his own conclusions. Sorry about the big gaps. It's this cheap software. You can go to Blogster for a much cleaner version if you choose.

Gross federal debt


This table lists the gross U.S. federal debt[9] as a percentage of GDP by Presidential term since World War II.[10] The current gross federal debt as a percentage of GDP (83.4% at the end of 2009) is currently the highest it has been since the late 1940s. The debt briefly reached over 100% of GDP in the aftermath of World War II.

These figures do not include unfunded obligations. The U.S. government is committed under current law to mandatory payments for programs such as Medicare, Medicaid and Social Security. The 2009 present value of these deficits or unfunded obligations is an estimated $45.8 trillion. This is the amount that would have to be set aside such that the principal and interest would pay for the unfunded commitments through 2084. Approximately $7.7 trillion relates to Social Security, while $38.2 trillion relates to Medicare and Medicaid. Adding this to the national debt and other federal commitments brings the total obligations to nearly $62 trillion.[11] However, these amounts are excluded from the national debt computation.

The President proposes the budget for the government to the congress, which can amend it before passing. The U. S. Constitution in Article 1, Section 7 grants exclusive right to originate revenue related bills to the House of Representatives; the President's proposals are an indication of spending desired, but it is the House which defines the spending through the final wording of the bills. Since the budget resolution is a “concurrent” congressional resolution, not an ordinary bill, it does not go to the President for his signature or veto.[12] While this leaves substantial room for the legislature to change the deficit, congressional historian Louis Fisher observes that, "Congress rarely appropriates more than what the President requests." In the case of Nixon, who fought fiercely with Congress over the budget, he writes, "Congress was able to adhere to the President's totals while significantly altering his priorities." [13]


































































































































































































U.S. president↓Party↓Term years↓Start debt/GDP↓End debt/GDP↓Increase debt ($T)↓Increase debt/GDP
(in percentage points)↓
House Control
(with # if
split during term)↓
Senate Control
(with # if
split during term)↓
Roosevelt/TrumanD1945–1949117.5%93.1%-0.01-24.4%79th D, 80th R79th D, 80th R
Harry TrumanD1949–195393.1%71.4%0.01-21.7%DD
Dwight EisenhowerR1953–195771.4%60.4%0.01-11.0%83rd R, 84th D83rd R, 84th D
Dwight EisenhowerR1957–196160.4%55.2%0.02-5.2%DD
Kennedy/JohnsonD1961–196555.2%46.9%0.03-8.3%DD
Lyndon JohnsonD1965–196946.9%38.6%0.04-8.3%DD
Richard NixonR1969–197338.6%35.6%0.10-3.0%DD
Nixon/FordR1973–197735.6%35.8%0.24+0.2%DD
Jimmy CarterD1977–198135.8%32.5%0.29-3.3%DD
Ronald ReaganR1981–198532.5%43.8%0.82+11.3%DR
Ronald ReaganR1985–198943.8%53.1%1.05+9.3%D99th R, 100th D
George H. W. BushR1989–199353.1%66.1%1.48+13.0%DD
Bill ClintonD1993–199766.1%65.4%1.02-0.7%103rd D, 104th R103rd D, 104th R
Bill ClintonD1997–200165.4%56.4%0.40-9.0%RR
George W. BushR2001–200556.4%63.5%2.14+7.1%R107th Split, 108 R
George W. BushR2005–200963.5%84.2%3.97+20.7%109th R, 110th D109th R, 110th D
Barack Obama
D2009–84.2%93.2% (2010)1.65 (2010)+9.0% (2010)111th D, 112th RD

(Source: CBO Historical Budget Page and Whitehouse FY 2012 Budget - Table 7.1 Federal Debt at the End of Year PDFExcelSenate.gov)

Notes:


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posted on Aug 7, 2011 3:09 PM ()

Comments:

We have just seen an instance where the tea party faction in the h ouse would not budge and refused to see sense.
comment by elderjane on Aug 9, 2011 5:55 AM ()
Most interesting, Joan. It's nice to see real comparative facts on this issue. The politics have so distorted this issue, most people have no idea beyond their personal biases.
comment by marta on Aug 7, 2011 7:12 PM ()
That's because most people never take the time to really research and look for the facts. They just take at face value what they hear on television or read in the paper, both of which skew their stories to their points of view.
reply by redimpala on Aug 8, 2011 7:58 AM ()
The biggest job increase was during LBJ's term??? Just curious--does this include military 'jobs'?
comment by greatmartin on Aug 7, 2011 3:18 PM ()
If you are referring to the draft, I do not know. The website did not say.
reply by redimpala on Aug 7, 2011 4:08 PM ()

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