tinydancer
Diamond Member
When is the spending going to stop? What's truly insane is that some are still screaming for more stimulus. Those that are should be put in straight jackets after their lobotomy and have shock treatments with very high voltage. Sheesh.
The United States racked up $41,210 in debt every second of every day in 2011 -- making the federal deficit the largest portion of the economy since the height of war spending in the 1940s.
That shocking statistic was released by Face the Facts USA, a nonpartisan policy initiative, in an attempt to 'wake up' American voters and politicians to the rising piles of debt that the nation is accumulating.
At more than 9 percent, the $1.56 trillion federal deficit last year was the culmination of three years of major deficit spending in the wake of the recession.
The last time the deficit rose that high was 1946, when the nation was winding down from full-blow war production.
During the height of the war, the annual deficit was almost 30 percent of the country's gross domestic product as the government spent billions on tanks, guns, airplanes and battleships.
Video at link
Face the Facts USA: Government spends $41K on deficit every second | Mail Online
The United States racked up $41,210 in debt every second of every day in 2011 -- making the federal deficit the largest portion of the economy since the height of war spending in the 1940s.
That shocking statistic was released by Face the Facts USA, a nonpartisan policy initiative, in an attempt to 'wake up' American voters and politicians to the rising piles of debt that the nation is accumulating.
At more than 9 percent, the $1.56 trillion federal deficit last year was the culmination of three years of major deficit spending in the wake of the recession.
The last time the deficit rose that high was 1946, when the nation was winding down from full-blow war production.
During the height of the war, the annual deficit was almost 30 percent of the country's gross domestic product as the government spent billions on tanks, guns, airplanes and battleships.
Video at link
Face the Facts USA: Government spends $41K on deficit every second | Mail Online
Last edited:
