DNC Memo: Political Pundits Got Debt Ceiling Scorecard Wrong. WASHINGTON -- The rush to frame the winners and losers in the debt ceiling deal stands in stark contrast to the protracted negotiations over the debt ceiling themselves. On Thursday afternoon, the Democratic National Committee engaged once again, issuing a memo arguing that political pundits got their analyses wrong when they deemed the final result a win for the Republicans. "The fact is, since President Obama reached a debt and deficit compromise with Republicans over the weekend, CNN and Gallup polls show that a hefty majority of Democrats and Liberals support the deal while a hefty majority of Republicans, and particularly the all-important Tea Party Republicans, oppose it," says the memo, authored by DNC Executive Director Patrick Gaspard and sent to The Huffington Post.
"If you’re waiting for the rush of stories, columns and blogs with the inside the beltway intelligentsia admitting they missed the mark on this – don’t hold your breath. Here is Gaspard's full memo: Randi Rhodes. Economics and Politics by Paul Krugman - The Conscience of a Liberal. U.S. National Debt Clock. Calculation Details. According to the debt at the end of the 1980 fiscal year, on September 30th, 1980, was $907,701,000,000. On September 30th, 1981, it was $997,855,000,000. Averaging it out over the year gives a debt of $246,997,260.27 per day.
Reagan took office 112 days later on January 20th, 1981. The debt on that date could be estimated as $907,701,000,000 plus 112 x $246,997,260.27, or $935,364,693,151. Bill Clinton was the first president to slow the rate of the accrual of debt after the current out-of-control spending began with the Borrow and Spend Republicans in 1981. The final amount of the senior Bush debt was $4,174,218,594,232.91 (according to The debt was at $5,727,776,738,304.64 on January 19th, 2001, the last business day before George W. During his administration, George W. Starting in 2003, George W. The result of George W. Home | Tell A Friend | Send a Comment. Business. What The Top U.S. Companies Pay In Taxes - Forbes.com. Budgetary splitsville - PostPartisan - The Washington Post.