I have been a little concerned about the recent crisis within our economy. Well, it actually isn't 'recent'; it is just publicized within the media/political sector because of Wall Street, AIG, etc. This recent crisis and reading several months ago that the White House reported not long ago that our nation will reach a record deficit - led me to a question, '....didn't we have a surplus?' I wanted to attain some information regarding the surplus and deficit history within our nation. It took a while, but I found some very interesting information. This is just food for thought. I am just a reporter in this particular blog; I would ask that, as the reader, you would draw your own conclusions.
This is a summary of Deficits (which have a negative symbol), Surplus, and the Year. Note: This represents millions; therefore...-$400,000 would equal a 400 billion dollar deficit.
1975 $-73,732
1976 $-53,659
1977 $-59,185
1978 $-40,726
1979 $-73,830
1980 $-78,968
1981 $-127,977
1982 $-207,802
1983 $-185,367
1984 $-212,308
1985 $-221,227
1986 $-149,730
1987 $-155,178
1988 $-152,639
1989 $-221,036
1990 $-269,238
1991 $-290,321
1992 $-255,051
1993 $-203,186
1994 $-163,952
1995 $-107,431
1996 $-21,884
1997 $69,270
1998 $125,610
1999 $236,241
2000 $128,236
2001 $-157,758
2002 $-377,585
2003 $-412,727
2004 $-318,346
2005 $-248,181
2006 $-162,002
2007 $-410,047
2008 $-407,408
Another interesting point. At the beginning of 2001, our nation had a surplus of $540 Billion. As of now, our DEFICIT stands at $2.659 Trillion (not including the bank bailouts.) Is there a reason this information isn't mentioned more in the media? I guess it's not important. I don't know!
7 comments:
Wow Kraig. That is crazy. The last 8 years seem to have been steady downhill. How you hangin' in there?
We are tiny steps from a National Depression. It is sad to say that a HUGE persentage of Americans feel they have ALWAYS been in a depression because we have so many individuals living at or below poverty levels. We have generational poverty and poor people in this Nation. This should be unheard of in THIS country. Now, all of a sudden it is a crisis because it is hitting Wall Street, Banks and the Rich. Those of us who couldn't "qualify" for a job, borrow from banks, get a checking account, buy a house or car, couldn't get above minimum wage paychecks, always felt we were in a depression. Nothing new for some folks. Money issues?...been there, done that. We're not going to panic because we have had to learn how to feed a family on a few pennies before, we can do it again.
To Whom It May Concern,...
...welcome to our world of worrying about money and what the future holds. For us, the Lord has always made a way.
May God be with us all.
What a mind!!!! You are right on target. Great post my friend. Thanks for putting things in perspective.
Good look Kraig...we need to keep on top of all of our economical issues so that we can make an informed decision to elect Barack Obama as President of USA.
Lance
Great information. With 'trumpeteers" making this kind of "certain sound" there exist, in a very real way, a "counter-intellegence" to the deceptive practices of the powers that be. Keep sounding the trumpet. As you have often quoted, "where trumpets are needed, flutes won't suffice." Pay no never-mind to the piccolo propaganda of the news media and "blew your trumpet."
There is no mistake about it, we are in trouble. This was very informative. Thank you for spending the time doing it. God bless you brother.
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