Let's see George Bush increased the national debt from $5 trillion to $10 trillion in 8 years. Then Obama increased the national debt from $10
trillion to $20 trillion (roughly) in 8 years. So that's pretty much a clean double every 8 years, well in fact it's 8.5 years.
I did this spreadsheet before for another forum, let's see if it shows up correctly here;
Debt Expansion = 0.085
Debt 2017 = $20,000,000,000,000
GDP 2017 = $17,000,000,000,000
GDP expansion = 1.5%
Average interest on debt 2.5%
Allowable Percentage of Taxes to Interest 33.0%
Year Debt GDP Taxable Amount 33% Taxable Amount Interest on the debt
$ Trillions $ Trillions $ Trillions $ Trillions $ Trillions
A B C D E
2018 $21.70 $17.26 $2.93 $0.97 $0.54 ok
2019 $23.54 $17.51 $2.98 $0.98 $0.59 ok
2020 $25.55 $17.78 $3.02 $1.00 $0.64 ok
2021 $27.72 $18.04 $3.07 $1.01 $0.69 ok
2022 $30.07 $18.31 $3.11 $1.03 $0.75 ok
2023 $32.63 $18.59 $3.16 $1.04 $0.82 ok
2024 $35.40 $18.87 $3.21 $1.06 $0.89 ok
2025 $38.41 $19.15 $3.26 $1.07 $0.96 ok
2026 $41.68 $19.44 $3.30 $1.09 $1.04 ok
2027 $45.22 $19.73 $3.35 $1.11 $1.13 BUST
A = Debt (Trillions $)
B = GDP (Trillions $)
C = Taxable Amount (17% GDP - Trillions $)
D = 33% D - Assumed Allowable for Interest Payment (Trillions $)
That basically says that once our interest payments get to be about 1/3 of taxes the dollar is going to bust. According to my calcs then Trump would
have to increase the debt from $20 T to $30 T in his 4 years to keep pace.
This is a structural issue, since 1933 our government has steadily increased the national debt at around 8.5% a year every year.
Here's the magic I prefaced
(1+0.085)^8.5 = 2
So a clean double every 8.5 years that way no sitting president gets caught clearly doubling the national debt in his/her term in office. They set it
up this way a loooong time ago, it is STRUCTURAL
Edit: maybe the image is better:
edit on 16-1-2018 by SkeptiSchism because: added image