Government Spending – A little perspective
If you spent $1Million per day, every day, it would take you 2,740 years to spend $1Trillion.
Obama has added over $1T in DEBT every year the last four years.
Our Government spends $10Billion per day, $4Billion of it is BORROWED
We spend $600 Million per day on Debt Interest.
The $220 Billion a year on Debt Interest we spend would rank 5th on the Fortune 500 (ahead of GM, GE and Berkshire Hathaway)
Get it, SPENDING PROBLEM
In just four years the United States has accumulated nearly $6 Trillion in debt. The national debt is now $16.5 Trillion or 32.5% of the world’s total indebtedness (the U.S. accounts for 5% of the global population and 20% of the annual Gross World Product). Further, the total unfunded liabilities (state, local and federal) of the U.S., as of 2012, exceed $238 Trillion, or 3 times the annual Gross World Product (total economic activity of all the countries on earth). The United States is, today, the most indebted and bankrupt nation in the history of mankind.