15 Shocking U.S. National Debt Facts

15 THINGS EVERY AMERICAN SHOULD KNOW ABOUT THE NATIONAL DEBT 1 NATIONAL DEBT - over THE YEARS 16 14 12 10 8 6. 1986 2005 2013 2. Years 1976 1992 1776 x $64,000 Since Barack Obama Entered the White House, the U.S. natio- nal debt has increased by an average of more than $64,000 per taxpayer. Barack Obama Will become the first president to run deficits of more than a trillion dollars during each of his first four years in office. 4 Thursday 17 Saturday Tuesday If You Spent One Million Dollars Every single day since 1AD, you still would not have spent one trillion dollars by now. 5, The U.S. National Debt Increased more than 1.6 trillion dollars since the Republicans took control of the U.S. House of Representatives. So far, this Congress has added more to the national debt than the first 97 Congresses combined. III If Bill Gates Gave every single penny of his fortune to the U.S. government, it would only cover the U.S. budget deficit for 15 days. $18,395 $19,989 $44,215 $38,937 $44,215 $40,475 The United States Already has more government debt per capita than Greece, Portugal, Italy, Ireland or Spain does. At This Point The United States government is responsible for more than a third of all the government debt in the entire world. The Amount Of U.S. government debt held by foreigners is about 5 times larger than was just a decade ago. The U.S. national debt Is now more than 22 times larger than it was when Jimmy Carter became president. 1977 2013 11 U.S. Households RECEIVED Are now actually receiving more money directly from the U.S. government than they are paying to the government in taxes. PAID 12 The U.S. Government Is wasting your money on things like a $592,527 National Institutes of Health study in 2011, seeking to figure out why chimpanzees throw poop. $592,527 1.3 If The Federal Government Used GAAP accounting standards like publicly traded corporations do, the real federal budget deficit for last year would have been 5 trillion dollars instead of 1.3 trillion dollars. 14 THE INITED STATES OFAMERICA B 45682826 IK s ONED OLLAR A K If The Federal Government 45681826 began right at this moment to repay the U.S. national debt at a rate of one dollar per second, it would take over 480,000 years to completely pay off the national debt. 15 PROJECTED NATIONAL DEBT 2015 (Over 23 Trillion) 24 22 20 18 16 14 12 10 6. 1986 2005 2015 2013 Years 1976 1992 1776 FINAL NOTE: The official government debt figure does not even account for massive unfunded liabilities that the U.S. government will be hit with in the years ahead. According to Professor Laurence J. Kotli- koff, the U.S. government is facing a future "fiscal gap" of more than 200 trillion dollars theeconomiccollapseblog.com/archives/27-things-that-every-american-should-know-about-the-national-debt bestcreditrepaircompanys.. O.com $ Trilion S Tillion EEL 15 THINGS EVERY AMERICAN SHOULD KNOW ABOUT THE NATIONAL DEBT 1 NATIONAL DEBT - over THE YEARS 16 14 12 10 8 6. 1986 2005 2013 2. Years 1976 1992 1776 x $64,000 Since Barack Obama Entered the White House, the U.S. natio- nal debt has increased by an average of more than $64,000 per taxpayer. Barack Obama Will become the first president to run deficits of more than a trillion dollars during each of his first four years in office. 4 Thursday 17 Saturday Tuesday If You Spent One Million Dollars Every single day since 1AD, you still would not have spent one trillion dollars by now. 5, The U.S. National Debt Increased more than 1.6 trillion dollars since the Republicans took control of the U.S. House of Representatives. So far, this Congress has added more to the national debt than the first 97 Congresses combined. III If Bill Gates Gave every single penny of his fortune to the U.S. government, it would only cover the U.S. budget deficit for 15 days. $18,395 $19,989 $44,215 $38,937 $44,215 $40,475 The United States Already has more government debt per capita than Greece, Portugal, Italy, Ireland or Spain does. At This Point The United States government is responsible for more than a third of all the government debt in the entire world. The Amount Of U.S. government debt held by foreigners is about 5 times larger than was just a decade ago. The U.S. national debt Is now more than 22 times larger than it was when Jimmy Carter became president. 1977 2013 11 U.S. Households RECEIVED Are now actually receiving more money directly from the U.S. government than they are paying to the government in taxes. PAID 12 The U.S. Government Is wasting your money on things like a $592,527 National Institutes of Health study in 2011, seeking to figure out why chimpanzees throw poop. $592,527 1.3 If The Federal Government Used GAAP accounting standards like publicly traded corporations do, the real federal budget deficit for last year would have been 5 trillion dollars instead of 1.3 trillion dollars. 14 THE INITED STATES OFAMERICA B 45682826 IK s ONED OLLAR A K If The Federal Government 45681826 began right at this moment to repay the U.S. national debt at a rate of one dollar per second, it would take over 480,000 years to completely pay off the national debt. 15 PROJECTED NATIONAL DEBT 2015 (Over 23 Trillion) 24 22 20 18 16 14 12 10 6. 1986 2005 2015 2013 Years 1976 1992 1776 FINAL NOTE: The official government debt figure does not even account for massive unfunded liabilities that the U.S. government will be hit with in the years ahead. According to Professor Laurence J. Kotli- koff, the U.S. government is facing a future "fiscal gap" of more than 200 trillion dollars theeconomiccollapseblog.com/archives/27-things-that-every-american-should-know-about-the-national-debt bestcreditrepaircompanys.. O.com $ Trilion S Tillion EEL