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Deficit and Debt timeline from 1999-2009

Posted in: Blog, Buddy Martin, Show News by admin on September 4, 2011


Articles that show how the national debt has grown,got out of hand and even dismissed by many.

A timeline if you will.

Wednesday, August 4, 1999 US to buy back national debt
http://news.bbc.co.uk/2/hi/business/411973.stm

December 28, 2000 Today, President Clinton will announce that The United States is on course to eliminate its public debt within the next decade.
http://clinton4.nara.gov/WH/new/html…1111_2000.html

September 27, 2000 President Clinton announces another record budget surplus
http://archives.cnn.com/2000/ALLPOLI…inton.surplus/

February 20, 2003 Government hits national debt ceiling, Treasury begins taking evasive actions
http://www.sddt.com/News/article.cfm…ode=200302201b

March 14,2003 G.O.P. Senators Oppose Size of Bush Tax Cut due to no spending cuts or corresponding tax increases
http://www.nytimes.com/2003/03/14/po…partner=GOOGLE

November 04, 2004 Administration pressures Congress to raise debt ceiling
The government hit the current debt ceiling of $7.384 trillion Oct. 14, forcing Treasury to begin a series of bookkeeping maneuvers to keep financing the government’s operations.
http://articles.boston.com/2004-11-0…treasury-bills

November 18, 2004 Senate votes to let US borrow up to $8.18 trillion
http://articles.boston.com/2004-11-1…t-senate-votes

January 8, 2006 That’s what Treasury Secretary John Snow said in a recent letter to Congress, warning that unless the current $8.2 trillion debt ceiling is raised by mid-March, "we will be unable to continue to finance government operations."

Read more: http://www.sfgate.com/cgi-bin/articl…#ixzz1X0z2II1u

December 5, 2007 President Bush sent Congress a $2.4 trillion election-year budget on Monday featuring big increases for defense and homeland security but also a record $521 billion deficit.
http://www.cbsnews.com/stories/2004/…in605544.shtml

Oct 16, 2009 Obama team makes it official: Budget deficit hits record. By a lot.
http://content.usatoday.com/communit…10/620000005/1

From Aug. 4,1999 to Oct. 16, 2009, we went from a position of buying back debt with a projection to pay off our debt to record deficits and debts….Whaaa Laaaaa:hug:

And people actually fall for **** like political promises and CBO projections.

My sides…My ******* sides!!!!Attachment 218871

Attached Images
File Type: gif rofl smiley.gif (11.1 KB)

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