Government Debt
It Will Take 398,879,561 Years To Pay Off The US Government’s Debt
The current debt level of over $17.9 trillion would thus take more than 398 million years of working at the average wage to pay off. This means that even if every man, woman and child in the United States would work for one year just to help pay off the debt the government has piled on in their name, it still wouldn’t be enough.
Feds Spend Half A Million Dollars To Study Why Obese Girls Have A Hard Time Getting Dates
The federal government is spending nearly a half a million dollars to find out why obese teenage girls have a hard time getting dates. The National Institutes of Health (NIH) awarded a $466,642 grant last week for the study, which will examine whether social skills have an impact on why obese girls have fewer dating experiences than their less obese counterparts. “Mounting evidence demonstrates that weight influences intimate (i.
Interest On The U.S. National Debt To Triple Within Ten Years?
For the current fiscal year, the U.S. government is estimated to pay $430 billion in interest on the national debt.
Reckless Federal Shopping Spree Could Squander $50 Billion
Today marks the end of the federal government’s fiscal year. It’s also the biggest one-day shopping spree of the year– the day when federal agencies rush to spend the last of their money before October 1, before anything left over is returned to the Treasury. Since agencies cannot carry over unspent funds, the idea is “use it or lose it.
The U.S. Government Is Borrowing About 8 Trillion Dollars A Year
I know that headline sounds completely outrageous. But it is actually true. The U.
Only a monetary ‘nuclear bomb’ can save Italy now
If so, Italy’s public debt will spiral to dangerous levels next year, ever further beyond the point of no return for a country without its own sovereign currency and central bank. “This is catastrophic for the finances of the country. We’re heading for a debt ratio of 145pc next year,” said Antonio Guglielmi, global strategist for Mediobanca.
The National Debt Has Increased By More Than A Trillion Dollars In The Last 12 Months
The idea that the Obama administration has the budget deficit under control is a complete and total lie. According to the U.S.
Foreign Ownership of U.S. Government Debt Passes The 6 Trillion Dollar Mark
For the first time in the nation’s history, foreign interests now own more than $6 trillion in U.S. government debt, according to the most recent Treasury Department report on major foreign holders of the debt, which includes the numbers through the end of June.
