Nation has massive spending problem
01/14/2013 4:00 PM
01/12/2013 10:13 PM
There was approximately $1.17 trillion in circulation in the U.S. as of Dec. 19. The U.S. population approximates 315,119,552.
With a complete redistribution of dollars, this calculates to a rounded $3,713 per person.
Our national debt is $16.4 trillion. This calculates to a rounded $46,700 per person, man, woman and child. We have a massive spending and escalating debt problem.
Yet our president continues to spend more. Even the Democratic Senate would not vote to approve his ludicrous budget proposals. And we know the following presidential vacation costs that can total millions are a drop in the bucket compared to what the other half of our royalty, Michelle Obama, spends on luxury trips with her massive entourage.
The writer lives in Surfside Beach.
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