Federal Government Spends $434 Million an Hour

Fri, 03/30/2012 - 3:04pm | posted by Jason Pye

In the latest video from Learn Liberty, Prof. Antony Davies explains that the federal government spendings about $434 million an hour, over $10 billion a day. Davies notes that, at the current rate of spending, the federal government runs out of money on July 31st; meaning that in order to balance the budget, Congress would need to cut five months of spending:

  • 4179 reads
  • Tagged: Antony Davies Balanced Budget budget deficit Congress Learn Liberty national debt Spending spending cuts

I don't think that number will surprise anyone who has been paying attention at all. The government is spending way too much money but the saddest part is that they don't care how much they spend.

 

Spending money a la gran scala is what the United State's government does best because they feel that they have an open checkbook to do so, which is a little scary.

Spencer.T's picture
Spencer.T on Mon, 04/02/2012 - 3:14am.

@Spencer. You did have hit the right kind of words about this. I couldn’t agree more. - Casa Sandoval

Maye's picture
Maye on Wed, 04/24/2013 - 12:12am.

Post new comment

The content of this field is kept private and will not be shown publicly.
  • Allowed HTML tags: <h2> <h3> <h4> <h5> <u> <p> <br> <a> <em> <strong> <cite> <code> <pre> <ul> <ol> <li> <dl> <dt> <dd> <span> <img> <object> <embed> <param> <blockquote> <div> <table> <tr> <td> <tbody> <thead>
  • Web page addresses and e-mail addresses turn into links automatically.
  • SmartyPants will translate ASCII punctuation characters into “smart” typographic punctuation HTML entities.

More information about formatting options

 

Twitter

The views and opinions expressed by individual authors are not necessarily those of other authors, advertisers, developers or editors at United Liberty.