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34 Facts about the National Debt

hipsterlibertarian:

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?

  1. pramlattas-hips reblogged this from hipsterlibertarian and added:
    #4, #7, #13… “The United States government is responsible for more than a third of all the government debt in the entire...
  2. jgalla3 answered: #1, however this isn’t the greatest. The worst part is that our social security deficit will only keep growing with promises to pay people.
  3. jittery-zeitgeist reblogged this from jackieangst
  4. french-martinii answered: The fact our government is clearly a 20-year-old college brat who thinks it’s OK to rack up debt cuz “Mommy and Daddy will take care of it”
  5. jackieangst reblogged this from hipsterlibertarian
  6. occidoxy reblogged this from hipsterlibertarian
  7. emblebeegirl reblogged this from hipsterlibertarian
  8. psychedeliceclectic reblogged this from hipsterlibertarian
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  10. graceinmyheart reblogged this from hipsterlibertarian
  11. abelse4l reblogged this from hipsterlibertarian
  12. blackcathacker reblogged this from hipsterlibertarian
  13. holden421 reblogged this from hipsterlibertarian
  14. herhoneyedlips reblogged this from hipsterlibertarian
  15. velvetiguana reblogged this from hipsterlibertarian
  16. antes-que-eu-morra answered: what ?
  17. captainskatrd reblogged this from hipsterlibertarian
  18. ineedmyfreedoms answered: # 7, 9, 13, 17, 18. Just wish these facts would get a little more attention.
  19. cptnsexy reblogged this from hipsterlibertarian and added:
    #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...
  20. lumberjackninja reblogged this from hipsterlibertarian
  21. kingsa09 answered: #35: The Federal Reserve now owns more US Debt than China or Japan. Thank god they aren’t a private bank. Wait a minute…
  22. ourlavenderlady reblogged this from hipsterlibertarian
  23. queenofcarrot-flowers reblogged this from hipsterlibertarian
  24. optimisticghost reblogged this from hipsterlibertarian
  25. jakobdulin reblogged this from hipsterlibertarian
  26. loveofpaintball answered: The fact Santorum voted in support of raising the debt ceiling 5 times and he statistically tied in Iowa
  27. gracefree reblogged this from hipsterlibertarian
  28. thegirlwithkaleidoscopeojos reblogged this from hipsterlibertarian
  29. sempergomez reblogged this from hipsterlibertarian
  30. thedamsel reblogged this from hipsterlibertarian
  31. totalmente-desastrada answered: nao falo ingles e tbm nao intendo
  32. konacoco reblogged this from hipsterlibertarian
  33. laliberty answered: #35 Statists don’t care.
  34. alphabet-town reblogged this from hipsterlibertarian

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