What Was The National Debt In 2008

Since President Obama took office the national debt has increased by 74 trillion.

What was the national debt in 2008. In 2008 242 billion was spent on interest payments servicing the debt out of a total tax revenue of 25 trillion or 96. There are different ways to value debt instruments and each method defines a different amount of debt. Keep your political views out of it.

So far the national debt is 941478086669106 as of 18 Mar 2008 at 062929 PM GMT. Measured as a share of the economy the debt nearly doubled from 394 percent at the end of Fiscal Year FY 2008 four months before Obama took office to 754 percent projected at the end of FY 2016 two months from now. The first fiscal year for the US.

To gain a better understanding of this ever-growing debt this infographic takes a closer look at various US. It is forecast to rise to 113trillion by end of next year. 1 in 1842 and finally from Jul.

During President Donald Trumps tenure in the White House the national debt grew by some 78 trillionor nearly 40 percent compared to the amount when former President Barack Obama left office. The Great Depression and the New Deal contributed to FDRs yearly deficits but the biggest cost was World. Thats the best way to accurately determine how spending in each fiscal year contributes to the debt and to.

1 in 1977 where it remains today. Unless politicians in Washington sincerely tackle how we as a society are to reduce the national debt. What was the national debt in 2016.

The national debt almost tripled under the last Labour government. The number used per year is the accumulated national debt as of September 30 of any given year as that is the end of the federal governments fiscal year. Debt by Year Compared to Nominal GDP and Events.