#1
During fiscal year 2012,
the U.S. government
spent 3.7 trillion dollars
but it only brought in 2.4
trillion dollars
#2
When Ronald Reagan took
office, the U.S. national debt
was less than 1 trillion
dollars. Today, the U.S.
national debt is over 15.2
16.6 17.5 trillion dollars
#3
During 2011, U.S.
debt surpassed 100
percent of GDP for
the first time ever
#4
According to Wikipedia, the monetary base
“consists of coins, paper money (both as
bank vault cash and as currency circulating
in the public), and commercial banks’
reserves with the central bank.” In 2011, the
U.S. monetary base is sitting somewhere
around 2.741 trillion dollars. So if you went
out and gathered all of that money up it
would only make a small dent in our national
debt. But afterwards there would be no
currency for anyone to use
#5
U.S. Government spent
over $224 Billion dollars
just on net interest on the
national debt in fiscal 2012.
Will spend $1 Trillion by 2020
#6
The U.S. government has total
assets of 2.7 trillion dollars and
has total liabilities of 18.4 trillion
dollars. The liabilities do not
even count 4.9 trillion dollars of
intra-governmental debt that is
currently outstanding
#7
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 George Bush took office
#8
It is being projected
that the U.S. national
debt will surpass
21.6 trillion dollars
in 2019
#9
According to the GAO, the U.S.
government is facing 34 $45.8 Trillion
dollars in unfunded liabilities for social
insurance programs such as Social
Security and Medicare. These are
obligations that we have already
committed ourselves to but that we do
not have any money for
#10
Others estimate that the
unfunded liabilities of the
U.S. government now
total over 117 trillion
dollars
#11
According to the GAO, the
ratio of debt held by the
public to GDP is projected
to reach 287 percent of
GDP by 2086
#12
Others are much less optimistic. A
recently revised IMF policy paper
entitled “An Analysis of U.S. Fiscal
and Generational Imbalances: Who
Will Pay and How?” projects that
U.S. government debt will rise to
about 400 percent of GDP by the
year 2050
#13
The United States
government is responsible
for more than a third of all
the government debt in
the entire world
#14
If you divide up the
national debt equally
among all U.S. taxpayers,
each taxpayer would owe
approximately $134,685
$146,200 $151,343
#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
#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 period
#17
During Barack Obama’s first
two years in office, the U.S.
government added more to
the U.S. national debt than
the first 100 U.S. Congresses
combined
#18
When you add up all
spending by the federal
government, state
governments and local
governments, it comes to
46.6% of GDP
#19
Our nation is more addicted to
government checks than ever
before. In 1980, government
transfer payments accounted for
just 11.7% of all income. Today,
government transfer payments
account for 18.4% of all income
#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
#21
A staggering 48.5% of all
Americans live in a
household that receives
some form of government
benefits. Back in 1983, that
number was below 30%
#22
Back in 1965, only one out of
every 50 Americans was on
Medicaid. Today, one out of
every 5 Americans was on
Medicaid for at least a month!
#23
In 1950, each retiree’s Social
Security benefit was paid for by 16
U.S. workers. According to new
data from the U.S. Bureau of Labor
Statistics, there are now only 1.75
full-time private sector workers for
each person that is receiving Social
Security benefits in the United
States
#24
The Medicare trust
fund's expenditures
have exceeded its
income each year since
2008
#25
Right now, spending by
the federal government
accounts for about 24
percent of GDP. Back in
2001, it accounted for just
18 percent
#26
If the U.S. government was forced
to use GAAP accounting principles
(like all publicly-traded corporations
must), the U.S. government budget
deficit would be somewhere in the
neighborhood of $4 trillion to $5
trillion each and every year
#27
If you were alive when Christ was born
and you spent one million dollars every
single day since His death, you still
would not have spent one trillion dollars
by now. But in one year alone the U.S.
government will add more than a trillion
dollars to the national debt
#28
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
#29
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
#30
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
470,000 years to pay off the
national debt
#31
If Bill Gates gave every
penny of his fortune to the
U.S. government, it would
only cover the U.S.
budget deficit for 15 days
#32
According to Professor Laurence J. Kotlikoff, the
U.S. is facing a “fiscal gap” of over 200 trillion
dollars in the future. The following is a brief
excerpt from a recent article that he did for CNN….
The government’s total indebtedness — its fiscal
gap — now stands at $211 trillion, by my
arithmetic. The fiscal gap is the difference,
measured in present value, between all projected
future spending obligations — including our huge
defense expenditures and massive entitlement
programs, as well as making interest and principal
payments on the official debt — and all projected
future taxes.
#33
If you add up all forms of debt in
the United States (government,
business and consumer), it comes
to more than 56 trillion
dollars. That is more than
$683,000 per family. Unfortunately,
the average amount of savings per
family in the U.S. is only about
$4,735
#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
#35
Can We Grow Our Way
Out Of The Debt?
Do we want to?
Missouri Constitution: Article 1 Section 3

That the people of this state have the
inherent, sole and exclusive right to
regulate the internal government and
police thereof, and to alter and abolish
their constitution and form of
government whenever they may deem it
necessary to their safety and happiness,
provided such change be not repugnant
to the Constitution of the United States.
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