Tuesday, August 18, 2009

Sobering Statistics

Current Debt:

  • National debt
  • 11.6 trillion (but ‘09 GDP is only 8.3 trillion)
  • Government spending YTD
  • 2.4 trillion (but tax revenue is only 1.2 trillion)
  • Government bailouts
  • 11.8 trillion (equals $38,815 per U.S. citizen)

Unfunded Liabilities:

  • Medicare/Medicaid liability
  • 39.6 trillion
  • Social Security liability
  • 10.6 trillion
  • Prescription drug liability
  • 8.5 trillion
  • Total unfunded liabilities
  • 58.7 trillion

2 comments:

  1. Does Barry have a copy of this? If not, give this to Gibbs as part of the "contrived" debate.

    Thanks for this.

    JoePa for POTUS

    ReplyDelete
  2. It's what too many politicians are ignoring. Let's keep the money presses going and see what happens. It's getting so bad that I traded my baby daughter's play money for a few of our dollars.

    ReplyDelete