The Golden Age of Government by Groupon - The Daily Beast: "Last year, according to the Congressional Budget Office (CBO), the feds spent about $3.5 trillion while bringing in just $2.8 trillion. That means that Uncle Sam borrowed about 20 cents of every dollar he spent. Sadly, that represents progress of a sort: Over the years 2009-2013, Washington borrowed about 33 cents per dollar of spending. That’s one of the reasons why the national debt is now north of $17 trillion and 100 percent of GDP."
'via Blog this'