Wednesday, June 22, 2011

National Debt

"The following are 41 statistics about the national debt that are almost too crazy to believe....

1 - As of June 20th, the U.S. national debt was $14,344,524,186,068.19.

2 - 30 years ago, the U.S. national debt was approximately 14 times smaller.

3 - It took from the presidency of George Washington to the presidency of Ronald Reagan for the U.S. government to accumulate one trillion dollars of debt.

4 - Since then, we have added more than 13 trillion dollars of additional debt.

5 - The United States government is responsible for more than a third of all the government debt in the entire world.

6 - If you divide up the national debt equally among all U.S. households, each one owes over $125,000.

7 - Mandatory federal spending is going to surpass total federal revenue for the first time ever in this fiscal year. That was not supposed to happen until 50 years from now.

8 - Between 2007 and 2010, U.S. GDP grew by only 4.26%, but the U.S. national debt soared by 61% during that same time period..."

at http://theeconomiccollapseblog.com/archives/national-debt

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