Facts That Make A Difference
1. BORROW TO SPEND - The U.S. Government borrows $.47 for each dollar that it spends (source: Office of Management and Budget, Federal Reserve).
2. NOW – the current U.S. debt is $11.7 trillion (source: Office of Management and Budget).
3. FUTURE- the US will run up an additional $10 trillion or more of U.S. debt over the next 10 years(source: Congressional Budget Office).
4. WE ARE NOT ALONE - In addition to the US, the UK, Japan, Russia, Spain, and Ireland are all running deficits of over 10% (source: The Big Picture).
5. WHERE WILL IT COME FROM? – the worldwide bond market is currently estimated to equal only $67 trillion(source: The Big Picture).
Comments