Wednesday, January 26, 2011

The CBO Reveals 10 Cringeworthy Facts About U.S. Government Spending

"2009's deficit to GDP ratio was the highest in 65 years. That's before the end of World War II.

U.S. government debt held by the public will more than double between 2010 and 2020.

The projected U.S. budget deficit for 2011 is $1.5 trillion. That's $4,808 per person in the U.S..."

at http://www.businessinsider.com/us-government-spending-facts-2011-1?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+clusterstock+%28ClusterStock%29#2009s-deficit-to-gdp-ratio-was-the-highest-in-65-years-thats-before-the-end-of-world-war-ii-1#ixzz1CAlZnFTX

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