• If you are having problems logging in please use the Contact Us in the lower right hand corner of the forum page for assistance.

some interesting facts

Help Support Ranchers.net:

hopalong

Well-known member
Joined
Nov 12, 2006
Messages
8,019
Reaction score
0
Location
Az.
Right now, spending by the federal government accounts for about 24 percent of GDP. Back in 2001, it accounted for just 18 percent.

For fiscal year 2011, the U.S. federal government had a budget deficit of nearly 1.3 trillion dollars. That was the third year in a row that our budget deficit has topped one trillion dollars.

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 about 15 days.

Amazingly, the U.S. government has now accumulated a total debt of 15 trillion dollars. When Barack Obama first took office the national debt was just 10.6 trillion dollars.

If the federal government began right at this moment 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.

Explain this oldtimer

The U.S. national debt has been increasing by an average of more than 4 billion dollars per day since the beginning of the Obama administration.

and this

During the Obama administration, the U.S. government has accumulated more debt than it did from the time that George Washington took office to the time that Bill Clinton took office.


There are more but you get the point



:mad: :mad:
 

Mike

Well-known member
Joined
Feb 10, 2005
Messages
28,482
Reaction score
0
Location
Montgomery, Al
Thanks, but those blinded by ignorance don't care at all.

It's like they want us to go completely broke just to get back at the wealthy?
 

Lonecowboy

Well-known member
Joined
Feb 10, 2006
Messages
1,990
Reaction score
0
Location
eastern Montana
How long are we going to be able to maintain this unsustainable course?
Who is the only candidate to campaign on substancial budget cuts, while all the rest campaign on maintaining the status quo?
 

Latest posts

Top