Two Numbers X 2
Good Evening My Fellow Americans,
I have two sets of two numbers for your consideration. They have a lot to say about where our nation is headed.
First number--161 billion. As in $161 billion. That was the total federal deficit for fiscal year 2007. It's a lot of money, but that number represented a mere 1.2 % of the country's gross domestic product. It also represented a major reduction from the deficit in fiscal 2006.
Second number--223 billion. As in $223 billion. That was the federal deficit for just this past month of February, 2011. That's right--the federal deficit for the smallest month of the year is greater than the entire year's debt just four years ago!
Two other numbers.
The first is 6 billion. As in $6 billion. That is the maximum of budget cuts that Senate Majority Leader, Harry Reid says is acceptable.
The second is 57 billion. As in $57 billion. That is the amount of budget cuts recently passed by the House of Representativies to address the crisis of deficit spending that is strangling our economy and mortgaging our childrens' future.
One other number to consider. At the current levels of our national debt--about 50 cents of every dollar in our deficit goes to pay INTEREST on the debt our nation owes.
You run the numbers.
RM