The run-away debt train

“In 2012, the federal government spent $3.7 trillion, exceeding the amount of federal revenue by $1.1 trillion. The government borrowed 30 cents of every dollar spent in order to sustain this level of spending. These deficits will eventually have to be paid for by future taxpayers.”

Got thoughts?

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s