Relevant:
- Long live the debt ceiling -- Spending $1 trillion more than is being taken in -- A breakdown of government spending and revenues
- Dow 20k, But National Debt At $20 Trillion -- Not a Coincidence!
- Federal Government's Debt Jumps More Than $1T for 5th Straight Fiscal Year
- The sound of rumbling from the student debt bubble -- Jump in consumer credit last month came mostly from student debt growth. For two decades student debt expanded at a rate above 17 percent per year.
- Fed Is Buying 61 Percent of U.S. Government Debt
2012-05-17 — mybudget360.com
Some interesting data was released by the IRS regarding audits. In the last year the chances of being audited have jumped for those making millions of dollars. For those making $10 million a year or more it is 30 percent. What this tells us of course is that the government is running out of places to find people to pay for all this spending. Even with these measures, we are still running trillion dollar deficits and will deal with another debt ceiling soon. Who will pay for all this debt?
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