"#4 If you divided the national debt up equally among all U.S. households, each one would owe a staggering $125,475.18."

Debt, Debt, Debt – 15 Facts About U.S. Government Finances That Are Almost Too Crazy To Believe

Instead of listening to the warnings of our founding fathers, now we are in debt hell....

#1 The Obama administration is now projecting that the federal budget deficit for this year will be an all-time record $1.645 trillion dollars.

#2 The budget deficit for this year alone will end up being well over 10 percent of GDP. That is an absolutely nightmarish level.

#3 Currently, the accumulated national debt of the U.S. government has reached a grand total of $14,123,589,307,190.53.

#4 If you divided the national debt up equally among all U.S. households, each one would owe a staggering $125,475.18.

#5 The federal government has borrowed 29,660 more dollars per household since Barack Obama signed the economic stimulus law two years ago.

#6 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.

#7 In the new budget that the Obama administration has proposed, the U.S. government would spend 3.7 trillion dollars in 2012 and by 2021 the U.S. government would be spending a whopping 5.6 trillion dollars per year.

#8 The U.S. government currently has to borrow approximately 41 cents of every single dollar that it spends.

#9 The total compensation that the federal government workforce earned last year came to a grand total of approximately 447 billion dollars.

#10 The U.S. national debt is currently rising by well over 4 billion dollars every single day.

#11 The U.S. government is borrowing over 2 million more dollars every single minute.

#12 The U.S. national debt is over 14 times larger than it was just 30 years ago.

#13 Unfunded liabilities for entitlement programs such as Social Security and Medicare are estimated to be well over $100 trillion, and nobody in the U.S. government seems to have any idea how we are actually even going to come close to meeting all of those obligations.

#14 If you were alive when Christ was born and you spent one million dollars every single day since that point, you still would not have spent one trillion dollars by now.

#15 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.

So has all of this reckless government spending improved the economy at least?

Not really.

Read more:
http://endoftheamericandream.com/archives/debt-debt-debt-15-facts-about-u-s-government-finances-that-are-almost-too-crazy-to-believe