Inflation Math. A response to fools who use "Obama's 2 years of debt = US debt 1776-1990"

[Soral]

"Obama Matches 214 Years Worth of Debt in 2 years" is total BS.

Here is some simple math to prove it.

It took from 1776, when the United States became an independent country, until 1990, the year after the Berlin Wall fell signaling victory in the Cold War, for the federal government to accumulate a total of $3 trillion in debt.


Now... I will give an adjusted numbers for $1T's equal worth every 50 years.

(ALL ARE ADJUSTED TO 2009 FISCAL YEAR VALUES, using http://www.westegg.com/inflation/)

$1 Trillion in 1800 = $12.4 Trillion in 2009
$1 Trillion in 1850 = $25.4 Trillion in 2009 (wow, HUGE change, surprising)
$1 Trillion in 1900 = $25.4 Trillion in 2009 (wow, NO change, surprising)
$1 Trillion in 1930 (added for depression numbers) = $12.7 Trillion in 2009 (also interesting)
$1 Trillion in 1950 = $8.8 Trillion in 2009
$1 Trillion in 1990 = $1.6 Trillion in 2009 (coming towards modern ratio)


So there you have it.... using roughly adjusted numbers, the debt was at the very least to $20-30 Trillion dollars from 1776-1990, if you adjust for inflation.

[enid602]

1. debt

Throwing numbers around can be deceptive. I heard the Republican senatorial candidate from Washington say on a debate on CNN last night that Obama spent $7 trillion on the bailout. It's common knowledge that the amount spent was only $780 billion. And that figure represented loans to and the purchase of stock of companies that, now mostly paid back or sold, represent a net cost of only $60 billion. A tiny amount to save the world economy. When it comes to deficit spending, let's not forget that Bush created an unfunded Medicare Part B plan that forbade the US Government from negotiating prices with big Pharma, which cost taxpayers $1 trillion during his administration alone. He also went to war with Iraq, which cost $1 trillion during his administration alone. He also granted a huge tax break to the wealthiest 1% of the population, which cost $1 trillion during his administration alone.

[treestar]

2. Yeah, like the economy was the same size in 1776 as it is today

total BS fail Repuke propaganda.

[JustFiveMoreMinutes]

3. Remind me, how much were nuclear subs, aircraft carriers, and

fighter jets in 1806?