Breaking It Down: Fiscal Year 2013 Budget Deficit

February 7, 2013

The Congressional Budget Office announced this week that it expects the federal budget deficit to come to $845 billion in fiscal year 2013. What could that $845 billion buy? Let’s find out.

12 Years Of Power Outages. Power outages like the one at Sunday’s Super Bowl cost the American economy significantly, about $70 billion every year.

422.5 Years Of Saturday Mail Delivery. The U.S. Postal Service announced this week that it will end Saturday delivery of first-class mail in August. USPS says ending Saturday service will save $2 billion each year.

44,392-Year Contract For NFL’s Highest Paid Athlete. Dwight Freeney, a defensive end for the Indianapolis Colts was paid $19.035 million last season.

352,083 Of The World’s Most Expensive Cars. At $2.4 million the Bugatti Veyron Super Sports Car is “by far the most expensive street legal production car available on the market today … Capable of reaching 0-60 mph in 2.5 seconds, the Veyron is the fastest street legal car when tested again on July 10, 2010 with the 2010 Super Sport Version reaching a top speed of 267 mph (430 km/h).”

Lifetime Tax Bills For 2,377,830 Americans. In 2011, Forbes estimated an American who earned the average national income would pay $355,366 in taxes over his or her lifetime.

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