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US Economic Trends and their Effects on Military Budgets and Product Requirements
$100 Million Dollars = 1 year of work for 3500 average AmericansHere are 2000 people standing shoulder to shoulder, looking for a job.The Federal Reserve's mandate is to maintain price stability and low unemployment. The Federal Reserve prints money based on the assumption that increasing money supply will boost jobs.
One Billion Dollars$1,000,000,000 - You will need some help when robbing the bank. Interesting fact: $1 million dollars weighs 10kg exactly. You are looking at 10 tons of money on those pallets.
One Trillion Dollars$1,000,000,000,000 The 2011 US federal deficit was $1.412 Trillion - 41% more than you see here.
If you spent $1 million a day since Jesus was born, you would have not spent $1 trillion by now...but ~$700 billion- same amount the banks got during bailout.
One Trillion DollarsComparison of $1,000,000,000,000 dollars to a standard sized American Football field.Say hello to the Boeing 747-400 transcontinental airliner that's hiding in the back. This was until recently the biggest passenger plane in the world. You can see the White House with both wings to the right. "My reading of history convinces me that most bad government results from too much government." - Thomas Jefferson
US Debt Ceiling - $16.394 Trillion in 2013 The US debt ceiling limit D-Day is estimated for September 14, 2012. US Debt has now surpassed the size of US economy in 2011-- rated @ $15,064 Trillion.
Statue of Liberty seems rather worried as United States national debt is soon to pass 20% of the entire world's combined economy (GDP / Gross Domestic Product).“I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them.” -Thomas Jefferson
If the national debt would be laid in a single line of $1 bills, it would stretch from Earth, past Uranus.
122.1 Trillion Dollars$122,100,000,000,000. - US unfunded liabilities by Dec 31, 2012.Abovet you can see the pillar of cold hard $100 bills that dwarfs the WTC & Empire State Building - both at one point world's tallest buildings.If you look carefully you can see the Statue of Liberty.
The 122.1 Trillion dollar super-skyscraper wall is the amount of money the U.S. Government knows it does not have to fully fund the Medicare, Medicare Prescription Drug Program, Social Security, Military and civil servant pensions. It is the money USA knows it will not have to pay all its bills. If you live in USA this is also your personal credit card bill; you are responsible along with everyone else to pay this back. The citizens of USA created the U.S. Government to servethem, this is what the U.S. Government has done while serving The People.
The unfunded liability is calculated on current tax and funding inputs, and future demographicshifts in US Population.
Note: On the above 122.1T image the size of the bases of the money stacks are $10 billion, and 400 stories @ $4 trillion
"It is incumbent on every generation to pay its own debts as it goes. A principle which if acted on would save one-half the wars of the world." - Thomas Jefferson "This is when you need to remember that when a nation's economy collapses, the wealth of the nation doesn't disappear, it only changes hands."Government Waste: Missing Money Infographic does a great job showcasing the Trillions lost through miss-management.
Everyone needs to see this.Source: Federal Reserve & www.USdebtclock.org - visit it to see the debt in real time and get a better grasp of this amazing number.
More Infographics
100 Million dollars = ? Lbs
47 Million
What Does 100 Million Dollars Look Like?
1 Billion Dollars = 10 tons
Federal Deficit in 2011 = $1.41T
1 million per day since Jesus was born today = $735B
White House
Thomas Jefferson: My reading of history convinces me that that bad government results from: ………….
Country 2013Growth %
2013 per Capita
2013 GDPTrillion
2014 2015 2016 2018
US 1.9 52.8K 16.7 T 16.8T 17.5T 18.4T 20.2T
China 7.6 6.9K 9.3T 9.2T 10.0T 10.9T 12.9T
Japan 2.0 38.5K 5T 4.9T 4.8T 5.0T 5.7T
Germany 0.5 44.3K 3.6T 3.6T 3.9T 4.1T 4.46T
France 0.3 41.7K 2.7T 2.7T 2.9T 3.0T 3.3T
UK 1.8 39.6K 2.4T 2.5T 2.8T 3.0T 3.3T
Brazil 2.5 11.1K 2.19T 2.2T 2.2T 2.3T 2.6T
Russia 1.3 14.6K 2.18 2.1T 2.2T
GDP By Country
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OMB GDP Growth Rate Projections
Budget Breakdown
Defense (Attack) $902.2 Billion
Health Care $846.1 Billion
Pensions $819.7 Billion
Welfare $451.9 Billion
Interest $224.8 Billion
Other Spending $199.6 Billion
Education $153.1 Billion
Transport $102.6 Billion
Protection $62.0 Billion
General Government
$33.6 Billion
Federal Budget Baseline 2012
Two-Thirds of All Federal Spending Was Mandatory in 2013
Social Security, Medicare, and Medicaid, along with other entitlement programs such as food stamps, unemployment, and housing assistance, make up 60 percent of all federal spending. Including interest on the debt, the share of the budget that is mandatory spending is two-thirds.
SHARE OF FEDERAL SPENDING IN 2013
Health Care - Budget Breakdown
Medical Service (Seniors) $484.5 Billion
Welfare (Vendor Payments) $323.9 Billion
R&D Health $33.0 Billion
Public Health Services $4.7 Billion
US Health Care Cost 846.1 Billion
Obamacare Comes With a Barrage of Tax Hikes
Obamacare imposes numerous tax hikes, which total nearly $800 billion over 10 years. Obamacare's higher tax rates on income and investment will slow economic growth, leaving hard-working American families and businesses worse off.
OBAMACARE TAXES IN BILLIONS OF NOMINAL DOLLARS
Pensions - Budget Breakdown
Social Security $778.6 Billion
Federal Employee Retirement & Disability
$41.1 Billion
US Budget Pensions - $820 Billion
US Defense Budget $820 Billion
US Budget - Interest - $224.8 BillionUS Government in 2012 will spend about $450.3 Billion on interest on treasury debt securities (Government IOU's). It also receives $225.6 Billion in interest for its investments, leaving the Government with a balance of $224.8 billion to pay out.
Interest on the Debt
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You are looking at little over $13 Billion dollars getting ready to be transported out, into the economy. Each pallet of $100 million dollars weighs exactly 1 ton (minus the pallet). The trucks shown carry 20 tons of cash. Legal carry weight is usually between 22-25 tons.
The Federal Reserve - Central Bank of United States of America
Quantitive Easing 3 (QE3) - Fancy name for cash printing operation$40 Billion / month in 2012
Quantitative Easing 3 (QE3) $85 Billion
/ month in 2013
Federal Reserve's Balance Sheet by End of 2013: - $4 Trillion
The Federal Reserve's Balance Sheet is the amount of assets The Fed has purchased (removed) from the free market in order to stimulate it. The Fed owns as of 2012-10-06, 27.2% of the bond mark
2013 US Debt $16.4 Trillion
Where has the Spending Gotten US?
I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them.” - Thomas Jefferson
2011 -2014 17,100
How did the US accumulate a $17.1 Trillion Dollar Debt?
US Debt Growing Rapidly
What is the US % of GDP in 2014?
What if a Typical Family Spent and Borrowed Like the Federal Government?
Families understand that it is unwise to repeatedly spend much more than they take in. But Washington continues its shopping spree on the taxpayer credit card with seemingly no regard to the stack of bills the nation has already piled up.
FIGURES BASED ON THE 2014 BUDGET
Each American's Share of the Public Debt Is Skyrocketing
As Washington continues to spend much more than the nation can afford, every American will be on the hook for increasing levels of debt. Washington must cut spending to fix the debt.
PUBLIC DEBT PER CAPITA
$122.1 Trillion Dollars
Empire State Building
World Trade Center
Unpaid Obligations
Mandatory Spending – Interests Rates Grow
Social Security Deficits Are Permanent and Set to Quadruple in Less Than 20 Years
Social Security began running deficits in 2010, paying out nearly $50 billion more in benefits than the program received in payroll taxes. Without reforms, Social Security's deficits will rise rapidly and will quadruple in less than 20 years.
INFLATION-ADJUSTED DOLLARS (2013)
Medicare's Relentless Growth Surpasses All Other SpendingGrowing entitlement spending is to blame for America's long-term spending and debt crisis. Medicare will grow the fastest due to the aging of society and rising health care costs.SPENDING AS A PERCENTAGE OF GDP
Within Two Decades, Social Security, Medicare, Medicaid, and ObamacareWill Claim 75 Cents of Every Tax Dollar
Spending on Social Security, Medicare, Medicaid, and Obamacare is growing rapidly. These programs make up more than half of tax revenue in 2014. By 2032, these programs will claim 75 percent of all projected tax revenues.
SPENDING AS A PERCENTAGE OF TAX REVENUE
All Tax Revenue Will Go Toward Entitlements and Net Interest by 2030
In less than two decades, all projected tax revenues would be consumed by three federal programs (Medicare, Social Security, and Medicaid, which includes CHIP and Obamacare) and interest on the debt. Entitlement reform is a must.
PERCENTAGE OF GDP
U.S. Corporate Tax Rates Are the Highest in the Developed World
The U.S. total corporate tax rate is at 39.1 percent, the highest corporate tax rate in the developed world. The high rate reduces investment in the U.S. and costs American workers jobs and higher wages.
COMBINED CORPORATE TAX RATES
Increasing Tax Rates Does Not Necessarily Lead to Higher Income Tax Receipts
Despite the top individual tax rate fluctuating between 91 percent and 28 percent over the past 50 years, total individual receipts have remained fairly stable. The top rate was last increased in 2013 and is now at 39.6 percent.
TOP TAX RATE AND TOTAL RECEIPTS
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Revenue versus Outlay 2013-2024
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Excl of Capital Gains on Home Sales
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Cost of the Top 10 Tax Breaks in 2013
Total $770 Billion
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Cost of all Current Tax Breaks by Year
National Defense Spending Would Plummet Under Obama's Budget
Defense spending is on the decline under President Obama and is on track to fall to its lowest level as share of gross domestic product in 50 years. Maintaining U.S. global security commitments at such low levels is impossible.
DEFENSE SPENDING AS A PERCENTAGE OF GDP
BACKUP
Debt Limit Increases the Most Under President Obama
President Obama, after less than five years in office, has already increased the debt limit by more than any other president in U.S. history, including President George W. Bush over eight years in office. Without fiscal constraint, the debt limit would top $18.3 trillion by the end of Obama's term, increasing by another $1.2 trillion from today's level.
GROWTH IN DEBT LIMIT BY ADMINISTRATION, IN TRILLIONS OF DOLLARS
Deficits Return to Trillion-Dollar Levels by 2022
According to the Congressional Budget Office, federal deficits will reach $1 trillion within eight years. The primary culprit is out-of-control federal spending, which is already above the historical average and is expected to rise drastically.
DEFICITS RETURN TO TRILLION DOLLAR LEVELS BY 2022
How Obama Plans to Reduce Deficit with Spending and Tax Increases
President Obama aims to reduce deficit through massive tax increases from The Heritage Foundation's Federal Budget in Pictures
REDUCE DEFICIT WITH TAX INCREASES
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Deficit GDP -1%
Deficit GDP -1%
