WHAT IS THE
OF THE OBAMA ADMINISTRATIONS
U.S. GOVT. SUBSIDIZATION
OF EVERYTHING IN THE WORLD???
I will preface this blog by stating that tomorrow I will wake up and vote for Governor Mitt Romney. If you think I am stupid, or a sheep, or uninformed then this blog post is especially for you; Please read on. If you think I am a very astute individual and am on the right track then you will most likely laugh, giggle, or even be more likely to discuss this political view with the Obama supporter.
DOWN TO THE NITTY GRITTY
Despite the very low "average" interest rate (2.187%) the US Government holds on their publicly held debts, the Citizens of the United States of America still stomach roughly $578,000,000.00 of interest paid by their government DAILY!!! This information comes as a surprise to most Americans, given that the average American will NEVER EVER!!! make anywhere near that amount of money in their lifetime. But on the magical etch-a-sketch of the US Government that is what we pay... DAILY!!!
The $578 Million figure is the amount of interest needed to pay at the end of the first six months, divided by 180, in the 2012 Fiscal year of the US Treasury Department by the way.
Or, for you visualites: $578,000,000.00 = $104,413,000,000.00 / 180 days in six months.
In plain and simple terms, we the American People now pay
roughly $578 million daily to the
people/countries/corporations/special interest groups/whomever
is investing in our great nation to keep us running.
To be fair we will only consider the amount added during the Obama administration's first (and hopefully last) term. Here are the numbers and equations:
2009 interest to be paid in the first half of fiscal year::: $85,992,000,000.00
2012 interest to be paid in the first half of fiscal year::: $104,413,000,000.00
The difference is $104,413,000,000.00 - $85,992,000,000.00 = $18,151,000,000.00
Per day in a half fiscal year: $18,151,000,000.00 / 180 = $100,838,888.89
So in all fairness we only pay $100.8ish million dollars more per day because of the acts of the Obama Administration. That is really only a 25% increase in actual interest that we have to pay to stay going as a nation.
SO
WHAT IS THE REAL COST
OF THE OBAMA ADMINISTRATIONS
U.S. GOVT. SUBSIDIZATION
OF EVERYTHING IN THE WORLD???
It's roughly $100.8ish million dollars per day...
or $4.201 million dollars per hour
or $70,000 per minute!
Now that we have that figured out we will now take a look at how this has a direct impact on the average American citizen. There are roughly 311 million people living in the United States of America right now. If we took the $100.8ish million dollars interest per day number and divide it by the US population it equals roughly $0.32 per day per citizen.
This means that every inhabitant, even the babies and toddlers would have to pay the US government a penny per hour in order to pay off JUST the interest that our investors deserve.
And this isn't all the debt interest either. It is the 25% increase since Obama took office. Including all interest, every inhabitant would pay the US GOVT a dime per hour.
Naturally we would not ask the social security/welfare population to contribute to this dime per hour amount. We also could only ask the individuals that have the means to acquire a dime per hour to contribute. So with unemployment as high as it is that dime grow to who-knows.












