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Debt held by the public as a percentage of GDP rose from 34.7% GDP in 2000 to 40.5% in ... The United States debt ceiling is a legislative constraint on the amount ...
The history of the United States public debt began with federal government debt incurred during the American ... 2000 $1,789 $1,789 2.5% $5,628 $5,628 −2.1% ...
The history of the United States debt ceiling deals with movements in the United States debt ceiling since it was created in 1917. Management of the United States public debt is an important part of the macroeconomics of the United States economy and finance system, and the debt ceiling is a limitation on the federal government's ability to manage the economy and finance system.
It’s six times the U.S. debt figure in 2000 ($5.6 trillion). Paid back interest-free at the rate of $1 million an hour, $33 trillion would take more than 3,750 years.
As of September 30, 2012, the total debt was $16.1 trillion, with debt held by the public of $11.3 trillion and intragovernmental debt of $4.8 trillion. [57] Debt held by the public as a percentage of gross domestic product (GDP) rose from 34.7% in 2000 to 40.3% in 2008 and 70.0% in 2012. [ 58 ]
In 1835, the national debt hit a low of $33,733 when Andrew Jackson was president. But the U.S. started borrowing again as the economy entered a recession in 1837.
These factors helped bring the United States federal budget into surplus from fiscal years 1998 to 2001, the only surplus years since 1969. Debt held by the public, a primary measure of the national debt, fell relative to GDP throughout his two terms, from 47.8% in 1993 to 31.4% in 2001. [1]
The United States Federal Budget for Fiscal Year 2000, was a spending request by President Bill Clinton to fund government operations for October 1999-September 2000.Figures shown in the spending request do not reflect the actual appropriations for Fiscal Year 2000, which must be authorized by Congress.