History of the U.S. public debt
Encyclopedia
At the end of September 2009, the overall U.S. public debt was approaching twelve trillion
dollars and passed that benchmark approximately 3 weeks later. The first yearly reported value was $75,463,476.52 on January 1, 1791. The debt was briefly reduced to zero on January 8, 1835.
Trillion
-Numbers:Either of the two numbers :* 1,000,000,000,000 for all short scale countries...
dollars and passed that benchmark approximately 3 weeks later. The first yearly reported value was $75,463,476.52 on January 1, 1791. The debt was briefly reduced to zero on January 8, 1835.
Prior fiscal years
| Date | Public Debt | Interest Payment |
|---|---|---|
| 09/30/2010 | $13,561,623,030,891.79 | $413,954,825,362.17 |
| 09/30/2009 | $11,909,829,003,511.75 | $383,071,060,815.42 |
| 09/30/2008 | $10,024,724,896,912.49 | $451,154,049,950.63 |
| 09/30/2007 | $9,007,653,372,262.48 | $429,977,998,108.20 |
| 09/30/2006 | $8,506,973,899,215.23 | $405,872,109,315.83 |
| 09/30/2005 | $7,932,709,661,723.50 | $352,350,252,507.90 |
| 09/30/2004 | $7,379,052,696,330.32 | $321,566,323,971.29 |
| 09/30/2003 | $6,783,231,062,743.62 | $318,148,529,151.51 |
| 09/30/2002 | $6,228,235,965,597.16 | $332,536,958,599.42 |
| 09/28/2001 | $5,807,463,412,200.06 | $359,507,635,242.41 |
| 09/29/2000 | $5,674,178,209,886.86 | $361,997,734,302.36 |
| 09/30/1999 | $5,656,270,901,615.43 | $353,511,471,722.87 |
| 09/30/1998 | $5,526,193,008,897.62 | $363,823,722,920.26 |
| 09/30/1997 | $5,413,146,011,397.34 | $355,795,834,214.66 |
| 09/30/1996 | $5,224,810,939,135.73 | $343,955,076,695.15 |
| 09/29/1995 | $4,973,982,900,709.39 | $332,413,555,030.62 |
| 09/30/1994 | $4,692,749,910,013.32 | $296,277,764,246.26 |
| 09/30/1993 | $4,411,488,883,139.38 | $292,502,219,484.25 |
| 09/30/1992 | $4,064,620,655,521.66 | $292,361,073,070.74 |
| 09/30/1991 | $3,665,303,351,697.03 | $286,021,921,181.04 |
| 09/28/1990 | $3,233,313,451,777.25 | $264,852,544,615.90 |
| 09/29/1989 | $2,857,430,960,187.32 | $240,863,231,535.71 |
| 09/30/1988 | $2,602,337,712,041.16 | $214,145,028,847.73 |
| 09/30/1987 | $2,350,276,890,953.00 | $148,010,000,000.00 |
| 09/30/1986 | $2,125,300,000,000.00 | $221,100,000,000.00 |
| 09/30/1985 | $1,823,100,000,000.00 | $165,740,000,000.00 |
| 09/30/1984 | $1,572,300,000,000.00 | $153,800,000,000.00 |
| 09/30/1983 | $1,377,200,000,000.00 | $114,000,000,000.00 |
| 09/30/1982 | $1,142,000,000,000.00 | $100,000,000,000.00 |
| 09/30/1981 | $997,900,000,000.00 | $90,000,000,000.00 |
| 09/30/1980 | $907,700,000,000.00 | $74,800,000,000.00 |
| 09/30/1979 | $826,500,000,000.00 | $67,600,000,000.00 |
| 09/30/1978 | $771,500,000,000.00 | $42,480,000,000.00 |
| 09/30/1977 | $698,800,000,000.00 | $40,000,000,000.00 |
By decade
| Date | Debt |
|---|---|
| 09/30/2010 | $13,561,623,030,891.78 |
| 09/30/2000 | $5,674,178,209,886.86 |
| 09/28/1990 | $3,233,313,451,777.25 |
| 12/31/1980 | $930,210,000,000.00 |
| 12/31/1970 | $389,158,403,690.26 |
| 12/30/1960 | $290,216,815,241.68 |
| 06/30/1950 | $257,357,352,351.04 |
| 06/29/1940 | $42,967,531,037.68 |
| 06/30/1930 | $16,185,309,831.43 |
| 07/01/1920 | $25,952,456,406.16 |
| 07/01/1910 | $2,652,665,838.04 |
| 07/01/1900 | $2,136,961,091.67 |
| 07/01/1890 | $1,552,140,204.73 |
| 07/01/1880 | $2,120,415,370.63 |
| 07/01/1870 | $2,480,672,427.81 |
| 07/01/1860 | $64,842,287.88 |
| 07/01/1850 | $63,452,773.55 |
| 01/01/1840 | $3,573,343.82 |
| 01/01/1830 | $48,565,406.50 |
| 01/01/1820 | $91,015,566.15 |
| 01/01/1810 | $53,173,217.52 |
| 01/01/1800 | $82,976,294.35 |
See also
- United States public debtUnited States public debtThe United States public debt is the money borrowed by the federal government of the United States at any one time through the issue of securities by the Treasury and other federal government agencies...
- National debt by U.S. presidential termsNational debt by U.S. presidential termsIn the United States, national debt is money borrowed by the federal government of the United States. Debt burden is usually measured as a ratio of public debt to gross domestic product; the U.S. debt/GDP ratio reached a maximum during World War II near the beginning of President Harry Truman's...
- US total cumulative debt per personUS total cumulative debt per personThe overall financial position of the United States as of 2009 includes $50.7 trillion of debt owed by US households, businesses, and governments, representing more than 3.5 times the annual gross domestic product of the United States. As of the first quarter of 2010, domestic financial assets...
External links
- Perpetual Debt: From the British Empire to the American Hegemon The Ludwig von Mises InstituteLudwig von Mises InstituteThe Ludwig von Mises Institute , based in Auburn, Alabama, is a libertarian academic organization engaged in research and scholarship in the fields of economics, philosophy and political economy. Its scholarship is inspired by the work of Austrian School economist Ludwig von Mises...
, Daily Article by H.A. Scott Trask, posted 1/27/2004 - Definitions and History of U.S. Government Debt The United States Public Debt, 1861 to 1975
- USA – Relationship between Total Debt and External debt as a % of the GDP (1) Total/Public debt as a % of GDP, annually from 1929 to 2006; (2) External/Foreign debt as a % of GDP, quarterly from 1995 to 2006; (3) External/Foreign debt as a % of Total debt, quarterly from 1995 to 2006