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

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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