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Fiscal Cliff - How much does the US Government spend a day?





jazzman
From Fox news...so probably a little exaggerated, but if there is some grain of truth here then we all need to worry!!

Quote:
"Each day during the month of November, the government brought in a little more than $5 billion of revenue. That’s a lot of money – but the U.S. government spent in that time more than $11 billion a day. The difference is roughly $6 billion.
Of that $11 billion, the top items were as follows: The Department of Health and Human Services, which goes through roughly $3 billion a day; Social Security, which shells out roughly $2.5 billion a day; the Department of Defense, which runs a $1.8 billion daily tab; and interest on the debt, which eats up $854 million every day.
Economists say the latter number is the most concerning of all – since the country gets practically nothing in exchange for that. It’s just paying the bills on the debt, and the number is subject to wild fluctuation.


Read more: http://www.foxnews.com/politics/2012/12/17/cost-spending-federal-government-racking-up-huge-tab/#ixzz2GDYxoPHG
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