(Washington Times) -- WashingtonTimes.com reports that the nation's debt leapt $166 billion in a single day last week, the third-largest increase in U.S. history, and it comes at a time when Congress is balking over higher spending and debt has become a key policy battleground. "The one-day increase for June 30 totaled $165,931,038,264.30 -- bigger than the entire annual deficit for fiscal year 2007 and larger than the $140 billion in savings the new health care bill will produce over its first 10 years." Adds the Times, "The figure works out to nearly $1,500 for every US household, or more than 10 times the median daily household income."
Showing posts with label National Debt. Show all posts
Showing posts with label National Debt. Show all posts
Tuesday, July 13, 2010
NATIONAL DEBT WENT UP BY $166B IN ONE DAY LAST WEEK
Did you see this? According to the following article in the Washington Times our debt increased in one day more than the entire 2007 debt.
(Washington Times) -- WashingtonTimes.com reports that the nation's debt leapt $166 billion in a single day last week, the third-largest increase in U.S. history, and it comes at a time when Congress is balking over higher spending and debt has become a key policy battleground. "The one-day increase for June 30 totaled $165,931,038,264.30 -- bigger than the entire annual deficit for fiscal year 2007 and larger than the $140 billion in savings the new health care bill will produce over its first 10 years." Adds the Times, "The figure works out to nearly $1,500 for every US household, or more than 10 times the median daily household income."
(Washington Times) -- WashingtonTimes.com reports that the nation's debt leapt $166 billion in a single day last week, the third-largest increase in U.S. history, and it comes at a time when Congress is balking over higher spending and debt has become a key policy battleground. "The one-day increase for June 30 totaled $165,931,038,264.30 -- bigger than the entire annual deficit for fiscal year 2007 and larger than the $140 billion in savings the new health care bill will produce over its first 10 years." Adds the Times, "The figure works out to nearly $1,500 for every US household, or more than 10 times the median daily household income."
Friday, January 29, 2010
AMERICA'S FINANCIAL CONDITION
I have posted this information before but certainly bears repeating.
To see real-time figures on U.S. debt, federal spending, unemployment figures and other information pertaining to the fiscal health of our country, visit http://www.usdebtclock.org/> for an interesting examination of America's financial condition.
To see real-time figures on U.S. debt, federal spending, unemployment figures and other information pertaining to the fiscal health of our country, visit http://www.usdebtclock.org/> for an interesting examination of America's financial condition.
Friday, January 22, 2010
PUTTING A BILLION INTO PERSPECTIVE
I have blogged about big numbers on a couple of occasions. (See my post from August 2009-The Law of Big Numbers). Here is another example of a billion.
A billion is a difficult number to comprehend, but one advertising agency did a good job of putting that figure into some perspective in one of it's releases.
A. A billion seconds ago it was 1959.
B. A billion minutes ago Jesus was alive.
C. A billion hours ago our ancestors were living in the Stone Age.
D. A billion days ago no-one walked on the earth on two feet.
E. A billion dollars ago was only 8 hours and 20 minutes at the rate our government is spending it.
While this thought is still fresh in our brain...let's take a look at New Orleans ...It's amazing what you can learn with some simple division.
Louisiana Senator, Mary Landrieu (D) is presently asking Congress for 250 BILLION DOLLARS to rebuild New Orleans . Interesting number... What does it mean?
A. Well ... If you are one of the 484,674 residents of New Orleans (every man, woman, and child); you each get $515,810.
B. Or... If you have one of the 188,251 homes in New Orleans, your home gets $1,328,014.
C. Or... If you are a family of four... Your family gets $2,063,242.
A billion is a difficult number to comprehend, but one advertising agency did a good job of putting that figure into some perspective in one of it's releases.
A. A billion seconds ago it was 1959.
B. A billion minutes ago Jesus was alive.
C. A billion hours ago our ancestors were living in the Stone Age.
D. A billion days ago no-one walked on the earth on two feet.
E. A billion dollars ago was only 8 hours and 20 minutes at the rate our government is spending it.
While this thought is still fresh in our brain...let's take a look at New Orleans ...It's amazing what you can learn with some simple division.
Louisiana Senator, Mary Landrieu (D) is presently asking Congress for 250 BILLION DOLLARS to rebuild New Orleans . Interesting number... What does it mean?
A. Well ... If you are one of the 484,674 residents of New Orleans (every man, woman, and child); you each get $515,810.
B. Or... If you have one of the 188,251 homes in New Orleans, your home gets $1,328,014.
C. Or... If you are a family of four... Your family gets $2,063,242.
Monday, July 27, 2009
NATIONAL DEBT ROAD TRIP
As you know, I'm very concerned about government spending. The following YouTube video explains the National Debt in terms we all can understand.
Check it out by clicking on: National Debt Road Trip.
Check it out by clicking on: National Debt Road Trip.
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