Debt Day.
For those not quite in the know. Debt Day is the day that the federal government theoretically has spent all the money they collect for this years budget, therefore meaning that every dollar spent from that day forward adds to the national debt.
The federal governments fiscal year runs from Oct 1st to Sept 30th. which in my opinion is very intriguing consider: Our individual tax bill is accumulated from Jan 1st to Dec 31st, and our payment becomes official on April 15th.
Tale of the tape on Debt Day.
1998 - We had no debt day. We ended the fiscal year with a surplus.
1999 - We had no debt day. We ended the fiscal year with a surplus.
2000 - We had no debt day. We ended the fiscal year with a surplus.
2001 - We had no debt day. We ended the fiscal year with a surplus.
2002 - Debt Day was Sept 2nd. (only 28 days from surplus)
2003 - Debt Day was July 29th. (Two months from surplus)
2004 - Debt Day was July 27th. (Two months from surplus)
2005 - Debt Day was Aug. 14th. (A month and half from surplus)
2006 - Debt Day was Aug. 27th. (33 days from surplus)
2007 - Debt Day was Aug. 9th. (Almost two months from surplus)
2008 - Debt Day was Aug. 5th. (Almost two months from surplus)
2009 - Debt Day was April 26th (WHAT THE _____?)
Interesting point: Republicans held one or both, legislative and/or executive branch until 2009. Maybe there is something to the fiscally responsible republican party.
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I would like to buy every liberal a T-shirt that reads. "All I ever needed to know, I learned in Kindergarten." Because every time I try to explain to them that outrageous government spending isn't good for the country, they come back with 'Well, Bush started it."
So I have started to get confused by this. Since their party is just merely continuing a policy set forth by the Bush administration are they saying that they believe the Bush administration was right about something, or are they saying Bush was wrong to start spending money, but because he was wrong first that means they can be wrong without blame?
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2 comments:
Unreal. I gave this info to one of my classes at school. Iat first they had trouble understanding it, but once I showed 'em all the info, they got it & were amazed. Well, as amazed as ALC students get...
LOL, be careful. This information may be considered contraband in the near future.
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