Finally, a little truth about our debt versus spending crisis. Conclusion? More folks need to leave congress, now !!

Understand two things: one, you are looking at all our income; second, you are not looking at all our debt. The Iraq/Afghan wars cost around $70 billion per year -- some put the number at 100 billion. Whatever the price tag, it is not nearly what the anti-war Marxist crowd pictures. . . . . but it is not on the chart. Neither is the emergency aids to states or the near half trillion we spend on interest each and every year. Oh, and the Stimulus money is omitted as is Omnibus legislation (in 2009, that legislation accounts for 400 billion dollars).


USA income statement


Our debt put into context:

#1 As of Feb 20, , the U.S. national debt was was more than 14,000,000,000,000.

#2 If the federal government started now, 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.

#3 If the federal government began repaying the national debt at a rate of $10 million dollars a day it would take approximately 3,800 years to pay off the national debt.

#4 Today, the U.S. national debt is increasing by roughly 4 billion dollars every single day.

#5 The U.S. government is borrowing approximately 2.63 million more dollars every single minute.

#6 On September 30th, 1980 the U.S. national debt was 907 billion dollars. Just thirty years later, the U.S. national debt is over 14 times larger.

#7 According to a recent U.S. Treasury report to Congress, the U.S. national debt will reach 19.6 trillion dollars in 2015.

#8 It is being projected that the U.S. government will be paying 900 billion dollars just in interest on the national debt by the year 2019. We are currently spending close to $400 billion per year.

#9 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.

#10 The U.S. Congress has raised the federal debt ceiling six times in just the past three years.

#11 The 111th Congress, Nancy Pelosi's congress, added more to the U.S. national debt than the first 100 U.S. Congresses combined.

#12 The 111th Congress got us into so much new debt that it breaks down to $10,429.64 for each of the 308,745,538 people counted by the 2010 U.S. census.

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

#14 When you break down the debt that the U.S. government owes to China alone it comes to over $10,000 for every single American family.

#15 If you were alive when Christ 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. Almost unbelievably, the U.S. government will accumulate well over a trillion dollars more debt in 2011.

#16 If right this moment you went out and started spending one dollar every single second, it would take you more than 31,000 years to spend one trillion dollars.

#17 The Congressional Budget Office is projecting that U.S. government debt held by the public will reach a staggering 716 percent of GDP by the year 2080. It is currently around 80% of GDP. Of course, our debt cannot get as high as project before a complete economic meltdown.

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