Lobato1
Mayor
The Tax Cheat Mitt’s harangue in the debate of Prez Obama having “DOUBLED” the National Debt from the previous administration is outright deceitful & in his words not mine:
Specifically & to the point:
9/30/1981= End of Carter Fiscal Year
$997,855,000,000.00 = Total National Debt
$698,840,000,000.00 = National Debt from previous administration
$299,015,000,000.00 = National Debt increase from previous Administration
4.0 = Years of Administration
$74,702,583,846.68 = Increase per Year
179% = % Increase per year from previous Administration
9/30/1993 = End of Reagan/Bush Sr. Fiscal Year
$4,411,488,883,139.38 = Total National Debt
$997,855,000,000.00 = National Debt from previous administration
$3,413,633,883,139.38 = National Debt increase from previous Administration
12.0 = Years of Administration
$284,274,781,507.16 = Increase per Year
381% = % Increase per year from previous Administration
9/30/2001 = End of Clinton Fiscal Year
$5,807,463,412,200.06 = Total National Debt
$4,411,488,883,139.38 = National Debt from previous administration
$1,395,974,529,060.68 = National Debt increase from previous Administration
8.0 = Years of Administration
$174,377,379,571.24 Increase per Year
61% = % Increase per year from previous Administration
9/30/2009 = End of Bush Jr Fiscal Year
$11,909,829,003,511.70 = Total National Debt
$5,807,463,412,200.06 = National Debt from previous administration
$6,102,365,591,311.64 = National Debt increase from previous Administration
8.0 = Years of Administration
$762,273,593,712.78 = Increase per Year
437% = % Increase per year from previous Administration
10/2/2012 = Date Calc of present Obama Administration
$16,171,037,343,408.50 = Total National Debt
$11,909,829,003,511.70 = National Debt from previous administration
$4,261,208,339,896.80 = National Debt increase from previous Administration
3.01 = Years of Administration
$1,416,521,898,053.13 = Increase per Year
186% = % Increase per year from previous Administration or 1.86 & the doubling reference of the Tax Cheat Mitt’s deceit.
My Reference on the National debt for you to check it out: http://www.treasurydirect.gov/NP/BPDLogin?application=np
BTW:
A 2nd deceitful practice the Tax Cheat Mitt is using is citing the 3 or 4 trillion dollar National debt increase that the number means absolutely nothing unless a reference is given for comparison.
Specifically & to the point: the 3.500 Trillion increase from the Reagan/Bush Sr era means nothing 30 years later unless we compare it to the 997 Billion historical debt from all previous administrations to realize that the National Debt increased a catastrophic almost five times (442% in exact numbers).
A 2nd method of comparison is to use constant dollars multiplication factors to adjust for inflation but since inflation rates have never been constant in relation to the year referenced, this method gets complicated.
Best Regards
Lobato1
This is deceitful at best or & an outright LIE (you choose) when the Tax Cheat Mitt omits that with the exception of the Clinton Administration that had to deal with the catastrophic legacy of the Reagan/Bush Sr administration, all other GOP administrations have at least “DOUBLED” the National Debt & it has particularly been worse under the tenure of Republican Administrations.Number three, I'll make government more efficient & to cut back the number of employees, combine some agencies & departments.
My cutbacks will be done through attrition, by the way.
This is the approach we have to take to get America to a balanced budget.
The president said he'd cut the deficit in half.
“Unfortunately, he doubled it.”
Trillion-dollar deficits for the last four years.
My Reference on the transcript of the Oct. 3, 2012 debate: http://www.cnn.com/2012/10/03/politics/debate-transcript/index.html
Specifically & to the point:
9/30/1981= End of Carter Fiscal Year
$997,855,000,000.00 = Total National Debt
$698,840,000,000.00 = National Debt from previous administration
$299,015,000,000.00 = National Debt increase from previous Administration
4.0 = Years of Administration
$74,702,583,846.68 = Increase per Year
179% = % Increase per year from previous Administration
9/30/1993 = End of Reagan/Bush Sr. Fiscal Year
$4,411,488,883,139.38 = Total National Debt
$997,855,000,000.00 = National Debt from previous administration
$3,413,633,883,139.38 = National Debt increase from previous Administration
12.0 = Years of Administration
$284,274,781,507.16 = Increase per Year
381% = % Increase per year from previous Administration
9/30/2001 = End of Clinton Fiscal Year
$5,807,463,412,200.06 = Total National Debt
$4,411,488,883,139.38 = National Debt from previous administration
$1,395,974,529,060.68 = National Debt increase from previous Administration
8.0 = Years of Administration
$174,377,379,571.24 Increase per Year
61% = % Increase per year from previous Administration
9/30/2009 = End of Bush Jr Fiscal Year
$11,909,829,003,511.70 = Total National Debt
$5,807,463,412,200.06 = National Debt from previous administration
$6,102,365,591,311.64 = National Debt increase from previous Administration
8.0 = Years of Administration
$762,273,593,712.78 = Increase per Year
437% = % Increase per year from previous Administration
10/2/2012 = Date Calc of present Obama Administration
$16,171,037,343,408.50 = Total National Debt
$11,909,829,003,511.70 = National Debt from previous administration
$4,261,208,339,896.80 = National Debt increase from previous Administration
3.01 = Years of Administration
$1,416,521,898,053.13 = Increase per Year
186% = % Increase per year from previous Administration or 1.86 & the doubling reference of the Tax Cheat Mitt’s deceit.
My Reference on the National debt for you to check it out: http://www.treasurydirect.gov/NP/BPDLogin?application=np
BTW:
A 2nd deceitful practice the Tax Cheat Mitt is using is citing the 3 or 4 trillion dollar National debt increase that the number means absolutely nothing unless a reference is given for comparison.
Specifically & to the point: the 3.500 Trillion increase from the Reagan/Bush Sr era means nothing 30 years later unless we compare it to the 997 Billion historical debt from all previous administrations to realize that the National Debt increased a catastrophic almost five times (442% in exact numbers).
A 2nd method of comparison is to use constant dollars multiplication factors to adjust for inflation but since inflation rates have never been constant in relation to the year referenced, this method gets complicated.
Best Regards
Lobato1