The American Debt Continues To Boggle The Mind


Two list of numbers that I find interesting, if you are an American, maybe you will too. Here is the first, over the last four years, the amount we pay to service the debt has almost doubled, due to increased interests rates and increasing debt. 

Date Interest Payments U.S. National Debt

2023 $1.0 Trillion on $34.0 Trillion

2022 $830 Billion on $31.4 Trillion

2021 $612 Billion on $29.6 Trillion

2020 $518 Billion on $27.7 Trillion

Next, where all our taxes are going:

Government Spending Amount Paid Out of $1 Tax Dollar


🏛️ Social Security $0.22
🏥 Health $0.14
🚑 Medicare $0.14
⚔️ National Defense $0.13
💰 Income Security $0.13
📈 Net Interest $0.11
🎖️ Veterans' Benefits
& Services $0.05
🚗 Transportation $0.02
🛒 Commerce $0.02
🔍 Other $0.04

 

The question arises, what do we get for this increase in debt, well, in the 1920's the average spend per person in the United States by the federal government was around 200 dollars (that is in todays dollars, adjusted for inflation.) Today, with a 4 trillion plus dollar budget, that number is about 11,000 dollars per person. Think about that, the American taxpayer spends about 6 times as much paying interest on debt then the total amount of what the government took from taxpayers 100 years ago, and just to clarify, that is a dollar to dollar comparison adjusted for inflation.

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SeventyFourSeventyFive
SeventyFourSeventyFive

I am an American aquarium drinker. I assassin down the avenue. I'm hiding out in the big city blinking. What was I thinking when I let go of you?


Interesting Thoughts, That Aren't Always Mine
Interesting Thoughts, That Aren't Always Mine

Just tidbits and info about whatever comes to my mind.

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