Friday, January 3, 2020

Trump Administration Debt - Year Three


I skipped year two, but I picking up at year three shows a decent trend. Still overspending and so far holding pretty consistent with the first year trend and keeping between Bush and Obama levels of spending.

There has been acceleration of the overspending though, and if that bears out over the next five years, then the Trump administration could end up adding more debt than the Obama administration. Sad, bigly sad.

At this point in their respective administrations, Bush, Obama, and Trump averaged $421B, $1,508B, and $1,084B annual deficits.

Here are the charts based on data from the treasury:



And overlaid:

Wishes for America in 2020

Just two simple wishes, really, and both have to do with how Americans treat each other. Here they are:

  1. I want Americans to stop seeing each other, to stop treating each other, as mere members of groups. Whether the groups is a person's sex, sexual orientation, skin color, political party, or whatever, see and treat each other as individuals. Looking at someone by their group membership first (or only), as is done in identity politics, makes us all worse. By seeing each other and treating each other as complex individuals, rather than reducing each other to the bare, simplistic stereotypes of whatever groups we happen to belong to, we will go a long way towards improving our social interactions and raising the level of our communication with each other. 
  2. I want Americans, when they disagree with each other, to attack the ideas, not the people. When we attack people for having different ideas, we drive wedges between ourselves, and over time we're beginning to lose the cohesiveness and solidarity of an American people. We are all Americans, and we are and should be in this together. Further, by focusing our thoughts and when necessary, our attacks, on ideas, we'll exercise our own minds, strengthen our ability to think and communicate, and perhaps, if we've developed ourselves well enough, convince some of those people with whom we disagree.

That's it. Happy New Year everyone, and here's to a great 2020!

Monday, August 19, 2019

Thursday, February 8, 2018

Year One

The debt under President Trump is growing, though more slowly than under Obama. The average true deficit (increase in national debt) over the last 17 years has been:
Bush: $610 Billion
Obama: $1.167 Trillion
Trump: $546 Billion
Let's see if this administration can keep down the costs, or if our addiction to overspending ruins his fiscal credibility too.

Here are the charts based on data from the treasury:



And overlaid:

 

I will update these periodically.

Tuesday, October 4, 2016

Nineteen Trillion Five Hundred Seventy-Three Billion Four Hundred Forty-Four Million Seven Hundred Thirteen Thousand Nine Hundred Thirty-Six Dollars and Seventy-Nine Cents

19,573,444,713,936.79. The debt to the penny.

In less than eight years in office, Obama has presided over an increase in the national debt of over nine trillion dollars ($9,000,000,000,000).  Under the leadership of Obama, our national debt has nearly doubled. The makers in this country (all employed men and women minus city, state, and local government employees) have seen their portion of the debt rise from about $90,000 in 2009 to $157,887 in 2016, a 75% increase.

No matter how the ball lickers on the left try to spin this, Obama has presided over deficit spending in excess of $1.15 Trillion every year of his presidency, on average. Remember that when you read articles talking about how he's "reduced the deficit."

Thursday, March 17, 2016

Ivanpah solar power plant on the verge of shutdown

Two years after the startup of the Ivanpah Bird Grilling plant  - I mean, the Ivanpah solar power plant, it seems that - surprise, surprise! - it doesn't work.
A federally backed, $2.2 billion solar project in the California desert isn’t producing the electricity it is contractually required to deliver to PG&E Corp., which says the solar plant may be forced to shut down if it doesn’t receive a break Thursday from state regulators. 
The Ivanpah Solar Electric Generating System, owned by BrightSource Energy Inc., NRG Energy Inc. and Alphabet Inc.’s Google, uses more than 170,000 mirrors mounted to the ground to reflect sunlight to 450-foot-high towers topped by boilers that heat up to create steam, which in turn is used to generate electricity.
Well, duh. The technology is immature, the concept is silly, and the only thing governments are really good at is malinvestment. But of course, as we all know, government's solution to problems it creates is to double down, triple down, etc.. The plant will undoubtedly be given a pass, and continue on it's quest to eliminate all avian life in California.