The Definitive Blog of J.P. Moya.
Firmly Entrenched in the Theological West
Here are some of my…uhh…favorites:
#1 During fiscal year 2011, the U.S. government spent 3.7 trillion dollars but it only brought in 2.4 trillion dollars.
#5 The U.S. government spent over 454 billion dollars just on interest on the national debt during fiscal 2011.
#14 If you divide up the national debt equally among all U.S. taxpayers, each taxpayer would owe approximately $134,685.
#15 Mandatory federal spending surpassed total federal revenue for the first time ever in fiscal 2011. That was not supposed to happen until 50 years from now.
#20 U.S. households are now actually receiving more money directly from the U.S. government than they are paying to the government in taxes.
#34 The U.S. national debt is now more than 5000 times larger than it was when the Federal Reserve was created back in 1913.
See the full list here. Which facts do you find most galling?
#4, #7, #13… “The United States government is responsible for more than a third of all the government debt in the entire...
#16 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...