Originally Posted by Guest

And if you add a third company that earns $75...that $100 debt is an even bigger deal. That 3rd company is the US.

We owe over $20 trillion...we spend over $4 trillion...but our income is less than $3 trillion. We're bankrupt.

November spending:

Receipts, Outlays, and Surplus/Deficit for November 2017

Total Outlays $347 Billion $4,164,000,000,000 ($4.2 trillion) for the year
Total Receipts $208 Billion $2,496,000,000,000 ($2.5 trillion) for the year
Deficit $139 Billion That's $1,668,000,000,000 ($1.6 trillion) for the year.

We borrowed 40% of what we spent. How long do you think that will last?

Monthly Treasury Statement