Re: Obama 6(...66)
The budget for those one or two years was/were truly balanced, even including interest.
Really? If it was truly balanced *including debt interest*, then those two years would not have increased the debt?
What the F are you talking about? The country wasn't not paying its debt interest and therefore adding it to the principle. It was balancing the books
including debt servicing and paying down the highest interest debt to get it off the books. Thanks for making yourself look stupider using your own words.
You're an ignoramus.
<code>
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
09/30/1987 2,350,276,890,953.00
09/30/1986 2,125,302,616,658.42
09/30/1985 * 1,823,103,000,000.00
09/30/1984 * 1,572,266,000,000.00
09/30/1983 * 1,377,210,000,000.00
09/30/1982 * 1,142,034,000,000.00
09/30/1981 * 997,855,000,000.00
09/30/1980 * 907,701,000,000.00
</code>
So where's the year that the debt didn't increase because we included debt interest in the budget and balanced the same?
And the government has paid off its debts before. Post Civil War and Post WWII saw massive decreases in federal debt as the gov't, gasp, paid off most of the war debt.
Our debt decreased by $1.8b from '50 to '51. Other than that, I'm not seeing anything "massive" post WW2 save for $9b from '46 to '47 and another $6b the following year. You're absolutely correct that we paid off most of the "war debt", however.
<code>
06/30/1949 252,770,359,860.33
06/30/1948 252,292,246,512.99
06/30/1947 258,286,383,108.67
06/28/1946 269,422,099,173.26
06/30/1945 258,682,187,409.93
06/30/1944 201,003,387,221.13
06/30/1943 136,696,090,329.90
06/30/1942 72,422,445,116.22
06/30/1941 48,961,443,535.71
06/29/1940 42,967,531,037.68
06/30/1939 40,439,532,411.11
</code>
After the early 1860's when we hit $1b in debt, we really never looked back and it'd be hard to separate "war debt" from other debt. I'm sure someone has that data, but I can't find it.
<code>
07/01/1899 1,991,927,306.92
07/01/1898 1,796,531,995.90
07/01/1897 1,817,672,665.90
07/01/1896 1,769,840,323.40
07/01/1895 1,676,120,983.25
07/01/1894 1,632,253,636.68
07/01/1893 1,545,985,686.13
07/01/1892 1,588,464,144.63
07/01/1891 1,545,996,591.61
07/01/1890 1,552,140,204.73
07/01/1889 1,619,052,922.23
07/01/1888 1,692,858,984.58
07/01/1887 1,657,602,592.63
07/01/1886 1,775,063,013.78
07/01/1885 1,863,964,873.14
07/01/1884 1,830,528,923.57
07/01/1883 1,884,171,728.07
07/01/1882 1,918,312,994.03
07/01/1881 2,069,013,569.58
07/01/1880 2,120,415,370.63
07/01/1879 2,349,567,482.04
07/01/1878 2,256,205,892.53
07/01/1877 2,205,301,392.10
07/01/1876 2,180,395,067.15
07/01/1875 2,232,284,531.95
07/01/1874 2,251,690,468.43
07/01/1873 2,234,482,993.20
07/01/1872 2,253,251,328.78
07/01/1871 2,353,211,332.32
07/01/1870 2,480,672,427.81
07/01/1869 2,588,452,213.94
07/01/1868 2,611,687,851.19
07/01/1867 2,678,126,103.87
07/01/1866 2,773,236,173.69
07/01/1865 2,680,647,869.74
07/01/1864 1,815,784,370.57
07/01/1863 1,119,772,138.63
07/01/1862 524,176,412.13
</code>