Our $14.3 Trillion National Debt: Who/What/When Accumulated?

Thanks to my friend Elizabeth for this one:

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About creativeconflictwisdom

I spent 32 years in a Fortune Five company working on conflict: organizational, labor relations and senior management. I have consulted in a dozen different business sectors and the US Military. I work with a local environmental non profit. I have written a book on the neuroscience of conflict, and its implications for conflict handling called Creative Conflict Wisdom (forthcoming).
This entry was posted in Conflict Statistics, Economic Conflict, US Political Conflict, Ways to handle conflict and tagged , , , , , , . Bookmark the permalink.

6 Responses to Our $14.3 Trillion National Debt: Who/What/When Accumulated?

  1. A D Gray says:

    This is about as inaccurate as, Obamas account of the 57 States in the US…….

    • @ A D Gray. On this blog we do expect folk to say more than just deny something, but perhaps even to suggest what the alternative numbers are, and the reputable economic statistical source so we can check them. The source of our numbers here are on the visual.

      As for Obama’s 57 states, if you have never been tired and made a slip like that, then we admire you super human qualities. When I was coming off the night shift, or had been on 6 planes in two days, I certainly made similar mistakes, and thankfully no one suggested that this was comparable to misleading a country about weapons of mass destruction or 9/11 links to Iraq.

      • Alan says:

        Oh, well, This is just more that the public has no Idea what the truth is, Bush as well as Obama (which by the way a war Obama voted to approve) will never admit what actually went on behind those closed doors, and people like you and I would never convince either one of the truth, so like the graph, its really pointless to argue….Oh I do know the truth about the Weapons of Mass destruction, but the public never will!! For our Government claims reasons of State Security!! Have a good day!!

      • @Alan slight problem with the idea that Obama voted for the Iraq War: he was not a US Senator until after the Fall 2004 election, so he couldn’t have voted for it, as foreign policy is decided by the US Senate, not the Illinois Senate he was a member of in 2002. The vote to invade Iraq was taken on October 16 2002. In interviews at the time, Obama opposed the vote but vote he could not.

        We like to stick to the facts in this blog, but are always open to correction. Thanks for your comment.

  2. novenator says:

    This is a good chart that puts things into perspective, but as noted, it is a bit dated (july ’11). I’m a progressive, which means it’s important to seek the truth to situations, and it is important to note that the national debt has actually increased about $5t while Obama has been president (probably hit $6t by election day).

    The point of the chart however is accurate, the vast majority of the national debt has been accrued by these borrow and spend fiscal conservatives. No matter what definition they try to pass off, self-described fiscal conservatives supported by conservatives are guilty of most of this (which is why they are hypocrites and untrustworthy).

    Another minor point the chart is making is that the majority of the debt under Obama has been due to tax cuts (both the 40% in the ARRA Stimulus and the Bush tax cuts) as well as the Great Recession (caused by economic policies conservatives pushed).

    Want to fix the deficit? We need to generate more revenue with higher taxation on the rich and we need to cut spending not by punishing kids and old people, but by slashing military-related expenditures that gobble up nearly half the annual budget (not including Social Security).

    • @novenator. Thanks. Good points. What I don’t understand is why this understanding of the debt is not common knowledge? And why there isn’t informed discussion on the options not just sloganeering…..

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