CBO predicts national debt will triple over the next decade, an increase of $1 trillion since their August 2003 forecast. CBO Projections (1622k PDF)
Jan. 24, 2003
Bush Predicts National Debt Will Reach 50-Year High
National debt is predited to reach 68.3% of GDP in 2008 (Historical Tables of the OMB's U.S. Budget 2004, p. 117). Historical Tables (165k PDF)
Sep. 7, 2000
Debt Begins to Fall, Time Squares Debt Clock Shut Down
Flush with surplus funds from America's decade-long economic boom – [the government] announced in August 1999 it would start paying off its debts. [It] has paid off roughly $100 billion of the national debt so far this year [2000]. CNN.com
Going Deeper Into Debt at a Faster Rate than Ever Before.
Reagan: "The fact is, we'll never build a lasting economic recovery by going deeper into debt at a faster rate than we ever have before. It took this nation 166 years until the middle of World War II to finally accumulate a debt of $95 billion. It took this administration just the last 12 months to add $95 billion to the debt. And this administration has run up almost one-fourth of the total national debt in just these short 19 months." Speech to America
