March 23, 2013
Every second of 2011, the federal deficit rose another $41,210. That means it spent $114,253 and took in only $73,043 during that one tick of the clock.
How fast is the federal deficit rising? In every second of 2011, the government spent $114,253 while taking in only $73,043 in revenue. That means in each second, the federal government spent $41,210 that it didn’t have. Divided among every man, woman and child in the US, the 2011 deficit amounted to $4,158.
What Do Others Say:
Concord Coalition: "The Structural Deficit: What is It, Why Do We Have One, and Why Should We Worry About It?"