interesting facts
OUR DEBT
THE US Debt is over $34,000,000,000,000.00 Dollars
That's 34 TRILLION.
That's over $101,000.00 for EVERY CITIZEN!
That's over $264,000 for EVERY TAXPAYER!!!
A family of 4 owes at least $400,000.
2008 $12 Trillion debt
2018 $22 Trillion debt
2020 $27 Trillion debt
2022 $30 Trillion debt
2023 $34 Trillion debt
It's been about 1 Trillion per year on our credit card. (about $2.7 billion per day)
BUT 2020 and 2021 were EACH 3 TRILLION ADDITIONAL DEBT!! that's two years in a row of $3 Trillion.
2023 WAS EVEN WORSE! ! ! ! 4 TRILLION ADDITIONAL DEBT
PER PERSON DEBT IS $101,000 AND GOING UP $4000. OR MORE EVERY YEAR.
WOW!!
ONE TRILLION SECONDS AGO IT WAS 30,000BC.
US Government income $4.8 trillion - US Gov. spending $6.3 trillion
Each year, for many years (we) the US has been spending about $1 to $1.25 trillion more than we collect in taxes.
That's like someone making $45,000. and spending $55,000. per year, year after year.
Adding $10,000. each year to their credit card debt.
Owing $10,000, $20,000., $30,000., $40,000. Now owing $101,000.
Is that person ever going to pay that debt?
The US debt is all the way up to $34 trillion.
That's $101,000 OWED BY EACH OF US AND GOING HIGHER,
about $4,000 higher per year per person.
AND MORE OF THE BUDGET GOES TO PAY INTEREST ON MORE AND MORE DEBT!
A few years ago the yearly interest expense of the US was $200 billion. NOW THE INTEREST EXPENSE IS $1000. billion (that's a trillion)
Once that spiral gets to a certain point there's no return.
Interest paid each year 2013-$221.B, 2015-$223.B, 2020-$345.B, 2023-$659.B, 2024-1,000.B.
2020 and 2021 spending was way worse.
Spending more in one year than we bring in in 2 years.
Spending about $7.5 trillion in 2020 and in 2021 with income of $3.5 trillion each year.
2023 was even worse. 4 trillion additional debt in one year!
Owing more every year and now at $34 trillion is NOT GOOD PLANNING.
Any pandemics or interest rate increases or natural disasters and other unforeseen expenses just rushes the day.
Already being in debt AND spending way more than we bring in every year, for many decades, is terrible planning and can only last for so long.
Many other countries are doing it too. NOT ALL.
THE MINIMUM THAT WE HAVE TO DO NOW! ! ! ! ! !
STOP SPENDING MORE THAN WE BRING IN!
AND PAY DOWN THE DEBT OVER TIME.
OR ELSE!
