View Single Post
Old 12-11-2012, 08:07   #1
cowboy1964
Senior Member
 
Join Date: Sep 2009
Location: U.S.A.
Posts: 15,065
debt debt debt debt debt debt debt

The numbers are mind numbing.

The Treasury will record a deficit of $292 billion for the first two months of fiscal year 2013, CBO estimates - $57 billion more than the shortfall recorded in the same period last year. Revenues rose by $30 billion (or 10 percent), but outlays increased by $87 billion (or 16 percent)

In other words, spending is just increasing increasing increasing.

How much is $292 billion? It's $608 per month for every person in this country over 18. That's just the INCREASE in the debt. Just add it to the $68,000 every person over 18 already owes.

cowboy1964 is offline   Reply With Quote