Tuesday, April 12, 2011

United States Debt Cut

Does it really make any difference?

Let's look at numbers. The Government agreed to cut the budget $38 billion dollars.

Lets look at what we pay in interest alone per month.

March $24,460,282,823.69
February $21,759,253,957.26
January $21,122,729,715.18
December $104,700,174,845.03

Do you see the problem? The interest we pay on the debt is astronomical.

To pay a Trillion dollars off, it takes a trillion billion to pay off a trillion.

The Debt to the Penny and Who Holds It

Current Debt Held by the Public Intragovernmental Holdings Total Public Debt Outstanding
04/08/20119,652,196,858,759.484,613,186,275,260.0514,265,383,134,019.53

Now lets look at the hidden debt that the government has to budget every year.

The US Total Debt: $55,304,443,764,000 trillion = $625,825 per citizen

Other Debts to make up the US Total Debt:

Medicare/Medicaid = $807,879,004,769

Social Security = 708,299,144,900

Defense / War = $695,456,946,999

Income Securities = $429,858,495,000

Net Interest on Debt = $204,860,745,000

Federal Pension for Federal Workers = $204,580,125,000

After seeing these numbers, now you can see that $38 billion is only a drop in the hat.

How much makes a billion.


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