Mariner Talk Chat Forum

GL_Storm wrote: ↑

Thu Mar 23, 2023 2:51 am

Some of you might find this interesting. I asked ChatGPT to list out federal deficits from the years 2000 through 2021. It's knowledge cut off is sometime in 2021, which is why 2021 is an estimate.

Then I asked it to adjust those numbers to account for inflation, using year 2000 dollars as the base.

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Me: US federal deficit years 2000 through 2021. 2021 may be an estimate if you don't have the info because of your cut off date.

ChatGPT: Here are the US federal deficit numbers for the years 2000 through 2021:

2000: $236.2 billion surplus
2001: $128.2 billion surplus
2002: $157.8 billion deficit
2003: $377.6 billion deficit
2004: $413 billion deficit
2005: $318.3 billion deficit
2006: $248.2 billion deficit
2007: $160.7 billion deficit
2008: $458.6 billion deficit
2009: $1.4 trillion deficit
2010: $1.3 trillion deficit
2011: $1.3 trillion deficit
2012: $1.1 trillion deficit
2013: $680.2 billion deficit
2014: $483.4 billion deficit
2015: $439.1 billion deficit
2016: $584.7 billion deficit
2017: $665.8 billion deficit
2018: $779 billion deficit
2019: $984.4 billion deficit
2020: $3.1 trillion deficit
2021: The estimated federal deficit for 2021 is $2.3 trillion.



Me: Adjust these numbers to normalize as year 2000 dollars. In other words, what would these numbers be without inflation?

ChatGPT: To adjust these numbers to normalize as year 2000 dollars, we need to use the inflation rates for each year to convert the nominal dollar amounts to real dollar amounts. Here are the US federal deficit numbers for the years 2000 through 2021 in constant 2000 dollars:

2000: $236.2 billion surplus
2001: $124.6 billion surplus
2002: $150.7 billion deficit
2003: $352.3 billion deficit
2004: $384.7 billion deficit
2005: $291.6 billion deficit
2006: $221.3 billion deficit
2007: $139.9 billion deficit
2008: $387.5 billion deficit
2009: $1.5 trillion deficit
2010: $1.3 trillion deficit
2011: $1.2 trillion deficit
2012: $1 trillion deficit
2013: $641.4 billion deficit
2014: $455.4 billion deficit
2015: $411.2 billion deficit
2016: $545.8 billion deficit
2017: $616.1 billion deficit
2018: $703.8 billion deficit
2019: $855.2 billion deficit
2020: $2.6 trillion deficit
2021: The estimated federal deficit for 2021 in constant 2000 dollars is $1.8 trillion.
Note that these numbers are adjusted for inflation using the Consumer Price Index (CPI) for all items.

GL_Storm wrote: ↑

Fri Mar 24, 2023 12:55 am

Yeah, Clinton actually balanced the budget believe it or not, but Bush couldn't leave well enough alone. He was desperate to cut taxes and get us back to deficit spending. To be fair, there was a recession happening right then from the dotcom crash.

GL_Storm wrote: ↑

Fri Mar 24, 2023 12:55 am

Yeah, Clinton actually balanced the budget believe it or not, but Bush couldn't leave well enough alone. He was desperate to cut taxes and get us back to deficit spending. To be fair, there was a recession happening right then from the dotcom crash.

Walla Walla Dawg II wrote: ↑

Fri Mar 24, 2023 6:29 pm

GL_Storm wrote: ↑

Fri Mar 24, 2023 12:55 am

Yeah, Clinton actually balanced the budget believe it or not, but Bush couldn't leave well enough alone. He was desperate to cut taxes and get us back to deficit spending. To be fair, there was a recession happening right then from the dotcom crash.

The dotcom crash that Clinton caused. And you can see the 'surplus' was getting smaller and smaller.

It should also be pointed out that our government (Clinton) had nothing to do with the dotcom boom, but he and the government sure had a lot to do with that bubble bursting.

Walla Walla Dawg II wrote: ↑

Fri Mar 24, 2023 8:30 pm

All the law suites Clinton's State Department had filed.

I was living 1 mile from Microsoft at the time and that's all that the entire campus was talking about.

Clinton benefited from the dotcom economy as much any President could. But they also caused the "POP" that brought down the dotcom economy.

GL_Storm wrote: ↑

Sat Mar 25, 2023 1:12 am

Walla Walla Dawg II wrote: ↑

Fri Mar 24, 2023 8:30 pm

All the law suites Clinton's State Department had filed.

I was living 1 mile from Microsoft at the time and that's all that the entire campus was talking about.

Clinton benefited from the dotcom economy as much any President could. But they also caused the "POP" that brought down the dotcom economy.

I guess you mean the antitrust lawsuit filed by the Justice Department. You're also completely wrong. That had zero to do with the dotcom crash and subsequent recession. I get that you're a conservative and you probably hate all Democrats, and the Clintons more than most, but this is pretty basic. Just do 5 minutes of research and you'll get the right answer. Also, I'm not saying that there isn't plenty to be disgusted about when it comes to the Clintons. But neither Clinton caused the dotcom crash. That's truly a bad take.

Walla Walla Dawg II wrote: ↑

Fri Mar 24, 2023 6:29 pm

GL_Storm wrote: ↑

Fri Mar 24, 2023 12:55 am

Yeah, Clinton actually balanced the budget believe it or not, but Bush couldn't leave well enough alone. He was desperate to cut taxes and get us back to deficit spending. To be fair, there was a recession happening right then from the dotcom crash.

The dotcom crash that Clinton caused. And you can see the 'surplus' was getting smaller and smaller.

It should also be pointed out that our government (Clinton) had nothing to do with the dotcom boom, but he and the government sure had a lot to do with that bubble bursting.