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Soaring debt for 2013 - U.S. borrows 46 cents of every dollar it spends & other scary facts about the national debt

 
Anonymous Coward
User ID: 48015961
United States
10/17/2013 09:17 AM
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Soaring debt for 2013 - U.S. borrows 46 cents of every dollar it spends & other scary facts about the national debt
This article was a couple months after the start of the 2013 fiscal year that started last Oct 1st.

"Fiscal year 2013 began on Oct. 1 and so far the government has spent $638 billion and taken in just $346 billion in revenue." Again, this article by the Washington Times was published on , December 7, 2012, so that spending/debt was in only two months.

The federal government borrowed 46 cents of every dollar it has spent so far in fiscal 2013, which began Oct. 1, according to the latest data the Congressional Budget Office released Friday (December 7 2012)

[link to www.washingtontimes.com]

Some scary facts about the national debt:

The U.S. national debt on Jan. 1, 1791, was just $75 million dollars. Today, the U.S. national debt rises by that amount about once an hour.

The US government now borrows approximately $5 billion every business day.

How hard is it to spend a trillion dollars? If you spent one dollar every second, you would have spent a million dollars in 12 days. At that same rate, it would take you 32 years to spend a billion dollars. But it would take you more than 31,000 years to spend a trillion dollars.

The rest of the facts can be read:
[link to www.cbsnews.com]

You can track the debt here via the treasury:
[link to www.treasurydirect.gov]
MaybeTrollingU

User ID: 18166368
Brazil
10/17/2013 09:21 AM
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Re: Soaring debt for 2013 - U.S. borrows 46 cents of every dollar it spends & other scary facts about the national debt
Wanna have an idea of how deep the rabbit hole goes? How 16 trillion dollars looks like?

Anonymous Coward
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10/17/2013 09:34 AM
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Re: Soaring debt for 2013 - U.S. borrows 46 cents of every dollar it spends & other scary facts about the national debt
as long as the world allows it we are going to get as much free stuff as we can lol .





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