Just released information from the Congressional Budget Office show the abysmal picture of US Government finances.
THe first graphics shows the US federal revenue, both in raw numbers (2.3 trillion in 2011) and as a
percentage of GDP (15.4%)
The second graph is mandatory spending - Social Security, Medicare, federal unemployment and federal retirement programs.
These mandatory entitlements add up to 87% of all taxes collected by the US government, totaling over $ 2.0 trillion, or 13% of America's 2011 GDP!
The last graphic is discretionary spending, which totals $ 1.3 trillion, mostly for defense and comes out to about 5% of GDP. Again, all of these numbers are from 2011.
THe first graphics shows the US federal revenue, both in raw numbers (2.3 trillion in 2011) and as a
percentage of GDP (15.4%)
The second graph is mandatory spending - Social Security, Medicare, federal unemployment and federal retirement programs.
These mandatory entitlements add up to 87% of all taxes collected by the US government, totaling over $ 2.0 trillion, or 13% of America's 2011 GDP!
The last graphic is discretionary spending, which totals $ 1.3 trillion, mostly for defense and comes out to about 5% of GDP. Again, all of these numbers are from 2011.
Please note that at the bottom of the graph, it says "Net Interest not included." What that means is that they don't add the $ 454 billion ($454,393,280,417.03 - a half a trillion dollars - the government spent on interest payments in 2011.
This is called "hiding the truth in plain sight," yet the politicians will deny any that the US is in financial trouble. Even Mr. Geithner arrogantly claims that there is "no risk" of the US becoming Greece.
The numbers don't lie and the basic rules of mathematics apply to all of us here in the USA. TIme to wake up America. You politicians are afraid to tell you the truth. Got gold?
No comments:
Post a Comment