By The Numbers Breakdown
The numbers say it all: Washington has spent its way into a fiscal crisis. This unsustainable habit will have consquences on future generations unless Congress can work together, and enact lasting change.
State of the Federal Debt
National Debt: $16.25 trillion(source)
Debt per American: $51,613(source)
Debt per Household: $142,253(source)
Net Interest on the Debt: $12.9 billion (FY 2o13 first month)(source)
State of the Budget
Budget Deficit (October): $120 billion(source)
Budget Deficit (FY2013 to Date): $120 billion(source)
Budget Deficit (FY2012): $1.089 trillion(source)
Consecutive Months of Budget Deficit: 1(source)
Revenue (Fiscal Year to Date): $184 billion(source)
Spending (Fiscal Year to Date): $304 billion(source)
State of the Economy
Economic Growth: 2.0 percent (third quarter preliminary)(source)
Trade Deficit: $41.5 billion (September 2012)(source)
Unemployment: 7.9 percent (October 2012)(source)
Jobs Created in 2012: 1.569 million (first 10 months of 2012)(source)
States with the Highest Unemployment (source):
NV (11.8 percent), RI (10.5 percent), CA (10.2 percent), NJ (9.8 percent), NC (9.6 percent)
States with the Lowest Unemployment(source):
ND (3.0 percent), NE (3.9 percent), SD (4.4 percent), IA, OK (5.2 percent), UT, VT, WY (5.4 percent)
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