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The U.S. government borrows an average of about 168 million dollars EVERY SINGLE HOUR

 
Anonymous Coward
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07/03/2011 03:25 PM
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The U.S. government borrows an average of about 168 million dollars EVERY SINGLE HOUR
41 Statistics About the National Debt of the US 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.

9 - The federal government has borrowed 29,660 more dollars per household since Barack Obama signed the economic stimulus law.

10 - During Barack Obama's first two years in office, the U.S. government added more to the U.S. national debt than the first 100 U.S. Congresses combined.

11 - The U.S. national debt is currently rising by well over 4 billion dollars every single day.

12 - The U.S. government is borrowing over 2 million more dollars every single minute.

13 - The U.S. government borrows an average of about 168 million dollars every single hour.

14 - The combined debt of the major GSEs (Fannie Mae, Freddie Mac and Sallie Mae) has increased from 3.2 trillion in 2008 to 6.4 trillion in 2011. Thanks to George W. Bush, Barack Obama and the U.S. Congress, U.S. taxpayers are guaranteeing that debt. This is debt that is not even included in the $14.3 trillion national debt figure.

15 - Some experts estimate that the unfunded liabilities of the U.S. government for programs such as Social Security and Medicare are in the neighborhood of 60 trillion dollars. Other experts claim that the total for federal government unfunded liabilities could be well over $100 trillion. But what almost everyone agrees on is that it is going to be virtually impossible to even come close to meeting all of those obligations.

16 - The U.S. government currently has to borrow approximately 41 cents of every single dollar that it spends.

17 - The total compensation that the federal government workforce earned last year came to a grand total of approximately 447 billion dollars.

18 - The level of government waste in this country is absolutely mind blowing. For example, the Department of Health and Human Services has just announced a brand new $500 million program that will, among other things, seek to solve the problem of 5-year-old children that "can't sit still" in a kindergarten classroom.

19 - In the past, the U.S. government has spent $2.6 million dollars to study the drinking habits of Chinese prostitutes and $400,000 dollars to pay researchers to cruise bars in Buenos Aires, Argentina to find out why gay men engage in risky sexual behavior when drunk.

20 - The cost for the first week of airstrikes on Libya was 600 million dollars. Keep in mind that the leader of the opposition in Libya has admitted that his forces contain large numbers of the same "al-Qaeda fighters" that were shooting at American troops in Iraq. So we are going broke and we are helping al-Qaeda take power in Libya at the same time.

21 - Just one day of the war in Afghanistan costs more money than it took to build the entire Pentagon.

22 - In 1980, government transfer payments accounted for just 11.7% of all income. Today, government transfer payments account for 18.4% of all income.

23 - 59 percent of all Americans now receive money from the federal government in one form or another.

24 - Back in 1965, only one out of every 50 Americans was on Medicaid. Today, one out of every 6 Americans is on Medicaid.

25 - Back in 1950, each retiree's Social Security benefit was paid for by approximately 16 workers. Today, each retiree's Social Security benefit is paid for by approximately 3.3 workers. By 2025 it is projected that there will be approximately two workers for each retiree.

26 - U.S. households are now actually receiving more money from the U.S. government than they are paying to the government in taxes.

27 - Back in the 1950s, corporate taxes accounted for about 30 percent of all federal revenue. In 2009, corporate taxes accounted for just 6.6 percent.

28 - The U.S. national debt has increased in size for 54 years in a row.

29 - If the U.S. government was forced to use GAAP accounting principles (like all publicly-traded corporations must), the U.S. government budget deficit would be somewhere in the neighborhood of $4 trillion to $5 trillion each and every year.

30 - According to a shocking U.S. government report, interest on the national debt and mandatory spending on entitlement programs will absorb approximately 92 cents of every dollar of federal revenue by the year 2019.

31 - A recently revised IMF policy paper entitled “An Analysis of U.S. Fiscal and Generational Imbalances: Who Will Pay and How?” projects that U.S. government debt will rise to about 400 percent of GDP by the year 2050.

32 - The U.S. government spent over 413 billion dollars on interest on the national debt during fiscal 2010.

33 - Approximately one out of every four dollars that the U.S. government borrows goes to pay the interest on the national debt.

34 - It is now being projected that by the year 2021, interest payments on the national debt will amount to $1.1 trillion dollars a year.

35 - If interest rates move up even slightly, the interest on the national debt is going to be a whole lot worse. A recent article in the Huffington Post laid this out really well....

According to a recent note from the sage of Dallas based Hayman Capital, highly respected Kyle Bass, a move back to 5% (2006 levels) in short term interest rates will increase annual U.S. interest expense by almost $700 billion annually. This is against current U.S. government tax revenues of $2.228 trillion (CBO FY 2011 forecast).

36 - If the U.S. national debt (more than 14 trillion dollars) was reduced to a stack of 5 dollar bills, it would reach three quarters of the way to the moon.

37 - A trillion $10 bills, if they were taped end to end, would wrap around the globe more than 380 times. That amount of money would still not be enough to pay off the U.S. national debt.

38 - If Bill Gates gave every penny of his fortune to the U.S. government, it would only cover the U.S. budget deficit for 15 days.

39 - If you were alive when Jesus was born and you spent one million dollars every single day since that point, you still would not have spent one trillion dollars by now. But this year alone the U.S. government is going to add more than a trillion dollars to the national debt.

40 - If you went out today and started spending one dollar every single second, it would take you over 31,000 years to spend one trillion dollars.

41 - If the federal government began right at this moment to repay the U.S. national debt at a rate of one dollar per second, it would take over 440,000 years to pay off the national debt.

See link:

[link to theeconomiccollapseblog.com]
everysingleday (OP)
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07/03/2011 03:26 PM
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Re: The U.S. government borrows an average of about 168 million dollars EVERY SINGLE HOUR
bump
Anonymous Coward
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07/03/2011 03:28 PM
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Re: The U.S. government borrows an average of about 168 million dollars EVERY SINGLE HOUR
This should be clear proof that the US government is aware that something big is coming and they dont give a fuck. There's no need to worry about a future of paybacks if there is no future.
Anonymous Coward
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07/03/2011 03:29 PM
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Re: The U.S. government borrows an average of about 168 million dollars EVERY SINGLE HOUR
odanceohappyoridin
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07/03/2011 03:30 PM
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Re: The U.S. government borrows an average of about 168 million dollars EVERY SINGLE HOUR
the last time we had a surplus verses a deficit was in 1957..

Folks that was after the Depression, World War I, & World War II and the Korean Conflict..

This really doesn't add up. I think all of the Social engenieering done by the Communist has finally killed America

[link to www.masonic-lodge-of-education.com]

just look at that pic above, you decide what is truth, and what is an illision
everysingleday (OP)
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07/03/2011 03:34 PM
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Re: The U.S. government borrows an average of about 168 million dollars EVERY SINGLE HOUR
This should be clear proof that the US government is aware that something big is coming and they dont give a fuck. There's no need to worry about a future of paybacks if there is no future.
 Quoting: Anonymous Coward 1184988


Yes I was thinking that too....bump
Anonymous Coward (OP)
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07/03/2011 03:48 PM
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Re: The U.S. government borrows an average of about 168 million dollars EVERY SINGLE HOUR
the last time we had a surplus verses a deficit was in 1957..

Folks that was after the Depression, World War I, & World War II and the Korean Conflict..

This really doesn't add up. I think all of the Social engenieering done by the Communist has finally killed America

[link to www.masonic-lodge-of-education.com]

just look at that pic above, you decide what is truth, and what is an illision
 Quoting: Anonymous Coward 1243271


What does the picture mean?
Anonymous Coward
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United States
07/03/2011 03:52 PM
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Re: The U.S. government borrows an average of about 168 million dollars EVERY SINGLE HOUR
[link to www.masonic-lodge-of-education.com]

just look at that pic above, you decide what is truth, and what is an illision
 Quoting: Anonymous Coward 1243271


What does the picture mean?
 Quoting: Anonymous Coward 1432421


look for yourself, he who has eyes, let him see
Anonymous Coward
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United States
07/03/2011 03:58 PM
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Re: The U.S. government borrows an average of about 168 million dollars EVERY SINGLE HOUR
So sad for the politicians who voted for this debt and asked to borrow the money.

I wish them luck in repaying it.

So sorry I won't be lending a hand.
skull_fingskull_fing
everysingleday (OP)
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07/03/2011 04:02 PM
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Re: The U.S. government borrows an average of about 168 million dollars EVERY SINGLE HOUR
So sad for the politicians who voted for this debt and asked to borrow the money.

I wish them luck in repaying it.

So sorry I won't be lending a hand.
skull_fingskull_fing
 Quoting: Anonymous Coward 1341296


I think a time is comming where these people have to run as fast as they can.....
Anonymous Coward
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07/03/2011 04:02 PM
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Re: The U.S. government borrows an average of about 168 million dollars EVERY SINGLE HOUR
$crewed big time,theres no way in hell the US can recover this huge debt it has.
everysingleday (OP)
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07/03/2011 04:09 PM
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Re: The U.S. government borrows an average of about 168 million dollars EVERY SINGLE HOUR
$crewed big time,theres no way in hell the US can recover this huge debt it has.
 Quoting: Anonymous Coward 733974


39 - If you were alive when Jesus was born and you spent one million dollars every single day since that point, you still would not have spent one trillion dollars by now. But this year alone the U.S. government is going to add more than a trillion dollars to the national debt.

It is sooooooo much....
Anonymous Coward
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07/03/2011 04:12 PM
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Re: The U.S. government borrows an average of about 168 million dollars EVERY SINGLE HOUR
They are spending money like there is no tomorrow because there is no tomorrow.

Good bye
Anonymous Coward
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07/03/2011 04:15 PM
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Re: The U.S. government borrows an average of about 168 million dollars EVERY SINGLE HOUR
$crewed big time,theres no way in hell the US can recover this huge debt it has.
 Quoting: Anonymous Coward 733974


39 - If you were alive when Jesus was born and you spent one million dollars every single day since that point, you still would not have spent one trillion dollars by now. But this year alone the U.S. government is going to add more than a trillion dollars to the national debt.

It is sooooooo much....
 Quoting: everysingleday 1432421


True. But the U.S. GDP is over 14 trillion A YEAR. The actual proportion of U.S. government dept is compatible with western European nations, and as far as foreign owned debt, it's less than places like the UK, Germany, and other western Euro nations.

I'm not defending The System, but as far as the U.S. is concerned, it's not unusual or severe as people think. What throws people off of course is the huge sums. But the U.S. has a huge economy and is a huge country.
everysingleday (OP)
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07/03/2011 04:21 PM
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Re: The U.S. government borrows an average of about 168 million dollars EVERY SINGLE HOUR
True. But the U.S. GDP is over 14 trillion A YEAR. The actual proportion of U.S. government dept is compatible with western European nations, and as far as foreign owned debt, it's less than places like the UK, Germany, and other western Euro nations.

I'm not defending The System, but as far as the U.S. is concerned, it's not unusual or severe as people think. What throws people off of course is the huge sums. But the U.S. has a huge economy and is a huge country.



True, but...
The US is hiding their actual numbers, see.....
www.shadowstats.com
everysingleday (OP)
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07/03/2011 04:21 PM
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Re: The U.S. government borrows an average of about 168 million dollars EVERY SINGLE HOUR
[link to www.shadowstats.com]
Dana Scully

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07/03/2011 04:29 PM
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Re: The U.S. government borrows an average of about 168 million dollars EVERY SINGLE HOUR
i wonder for how much longer though ?
What I find fantastic is any notion that there are answers beyond the realm of science. The answers are there. You just have to know where to look.

We're all gonna die. The only question is when & how you check out. Do you want it on your feet? Or on your knees... begging?! I ain't much for begging! Nobody ever gave me nothing!
Anonymous Coward
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New Zealand
07/03/2011 04:36 PM
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Re: The U.S. government borrows an average of about 168 million dollars EVERY SINGLE HOUR
Time for the IMF to step in as in Greece and demand austerity measures and asset sales to reduce debt before the USA shits on the whole world by defaulting.
442

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07/03/2011 04:37 PM
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Re: The U.S. government borrows an average of about 168 million dollars EVERY SINGLE HOUR
Let sjust hope Obama and his crew can figure this out.
everysingleday (OP)
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07/03/2011 04:44 PM
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Re: The U.S. government borrows an average of about 168 million dollars EVERY SINGLE HOUR
Let sjust hope Obama and his crew can figure this out.
 Quoting: 442


Question is how?
By raising taxes??
Anonymous Coward
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07/03/2011 04:47 PM
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Re: The U.S. government borrows an average of about 168 million dollars EVERY SINGLE HOUR
Vote Ron Paul and Americas problems are over.
Anonymous Coward
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07/03/2011 04:53 PM
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Re: The U.S. government borrows an average of about 168 million dollars EVERY SINGLE HOUR
At the same time, the students surveyed are nostalgic for the "close-knit family (Soviet) nations" where there was no ethnic hatred and call for strengthening control over immigrants

according to the study.

The main enemy of Russia, students consider the U.S. that do not give "a huge country to rise from their knees." To overthrow the U.S. from the pedestal should stop using the English language, advise students.

Symptoms of the authoritarian syndrome, which showed students the answers, they are inherited from parents, the researchers said.

Soviet cliches such as "Russia - the great power that will keep in awe the whole world" is actively reproduced conscious teenagers

conclude the researchers.

The views of Russian students vary depending on the quality of the university: students "top" universities is critical of the situation in the country feel more cosmopolitan and have no nostalgia for the USSR, the researchers note. Students' netopovyh "university along with a critical assessment of reality, talk about" special path of Russia "and the greatness of the Soviet Union. Enemy of Russia, such students are referred to the United States.

Read more: [link to gazeta.ru]

And despite the fact that the U.S. owes Russia $ 500 billion.
everysingleday (OP)
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07/03/2011 05:00 PM
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Re: The U.S. government borrows an average of about 168 million dollars EVERY SINGLE HOUR
Vote Ron Paul and Americas problems are over.
 Quoting: Anonymous Coward 1439309


Yes, good point! But are enough people awake?

Lets say if the more than 100 people who saw this 'thread' would vote 5 stars *****, this thread would than be pinned...as a result more people would see this thread...maby other websites would write about it etc...

There are still so many people sleeping, don't you think?
button

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07/03/2011 05:02 PM
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Re: The U.S. government borrows an average of about 168 million dollars EVERY SINGLE HOUR
Vote Ron Paul and Americas problems are over.
 Quoting: Anonymous Coward 1439309

I would assume he's just controlled opposition.
Anonymous Coward
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07/03/2011 05:06 PM
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Re: The U.S. government borrows an average of about 168 million dollars EVERY SINGLE HOUR
This should be clear proof that the US government is aware that something big is coming and they dont give a fuck. There's no need to worry about a future of paybacks if there is no future.
 Quoting: Anonymous Coward 1184988


I feel there is something to ^THIS^. I refuse to believe that the US is this stoopid. Massive borrow and spend policies started in the Reagan era. What did we discover in the early 80's that made the future look...unlikely?
Chris Jusset

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07/03/2011 05:07 PM

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Re: The U.S. government borrows an average of about 168 million dollars EVERY SINGLE HOUR
30 - According to a shocking U.S. government report, interest on the national debt and mandatory spending on entitlement programs will absorb approximately 92 cents of every dollar of federal revenue by the year 2019.

32 - The U.S. government spent over 413 billion dollars on interest on the national debt during fiscal 2010.

33 - Approximately one out of every four dollars that the U.S. government borrows goes to pay the interest on the national debt.

34 - It is now being projected that by the year 2021, interest payments on the national debt will amount to $1.1 trillion dollars a year.

35 - If interest rates move up even slightly, the interest on the national debt is going to be a whole lot worse. A move back to 5% (2006 levels) in short term interest rates will increase annual U.S. interest expense by almost $700 billion annually.
 Quoting: Obama is a total retard


abombahhhalonealoneahhhabomb
everysingleday (OP)
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07/03/2011 05:13 PM
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Re: The U.S. government borrows an average of about 168 million dollars EVERY SINGLE HOUR
THANKS FOR VOTING!!!!!!!!!5a
everysingleday (OP)
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07/03/2011 05:33 PM
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Re: The U.S. government borrows an average of about 168 million dollars EVERY SINGLE HOUR
Vote Ron Paul and Americas problems are over.
 Quoting: Anonymous Coward 1439309

I would assume he's just controlled opposition.
 Quoting: button


REALLY?
Anonymous Coward
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07/03/2011 05:48 PM
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Re: The U.S. government borrows an average of about 168 million dollars EVERY SINGLE HOUR
This should be clear proof that the US government is aware that something big is coming and they dont give a fuck. There's no need to worry about a future of paybacks if there is no future.
 Quoting: Anonymous Coward 1184988


Yes there is something to your theory. But in the end all the money is fake anyway, backed by nothing. Default is the best option if we don't get hit by a planet, comet or dwarf. Jubilee, no other way out, not enough money out there to pay any bill, mortgage etc.
Anonymous Coward
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07/03/2011 05:52 PM
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Re: The U.S. government borrows an average of about 168 million dollars EVERY SINGLE HOUR
This should be clear proof that the US government is aware that something big is coming and they dont give a fuck. There's no need to worry about a future of paybacks if there is no future.
 Quoting: Anonymous Coward 1184988


Yes I was thinking that too....bump
 Quoting: everysingleday 1432421


I kind of was thinking this too. Makes sense, it's over.

Look at the world, look at banking / finance, look at political hotspots (especially the ME), makes sense, they don't give a shit. Buckle up.
Anonymous Coward (OP)
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07/03/2011 06:09 PM
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Re: The U.S. government borrows an average of about 168 million dollars EVERY SINGLE HOUR
Look at the world, look at banking / finance, look at political hotspots (especially the ME), makes sense, they don't give a shit. Buckle up.


The system is collapsing....hard collapsing

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