$19 TRILLION in Debt - US Debt Clock

[Draz]

http://usdebtclock.org/

In fiscal year 2015, military spending is projected to account for 54 percent of all federal discretionary spending, a total of $601 billion. Military spending includes: all regular activities of the Department of Defense; war spending; nuclear weapons spending; international military assistance; and other Pentagon-related spending.

Where Your 2014 Taxes Went

Source: https://www.nationalpriorities.org/

We're fcked. In 2015, the US will have a declared military and defense budget of $601 billion, which is more than the next 7 highest spending countries combined.

19 TRILLION.

Foreign Holdings:

"As of September 2014, foreigners owned $6.06 trillion of U.S. debt, or approximately 47% of the debt held by the public of $12.8 trillion and 34% of the total debt of $17.8 trillion.[45] The largest holders were China, Japan, Belgium, the Caribbean banking centers, and oil exporters.[47] The share held by foreign governments has grown over time, rising from 13% of the public debt in 1988[48] to 25% in 2007.[49]

As of September 2014 the largest single holder of U.S. government debt was China, with 21% of all foreign-held U.S. Treasury securities (10% of total U.S. public debt).[50] China's holdings of government debt, as a percentage of all foreign-held government debt are up significantly since 2000 (when China held just 6 percent of all foreign-held U.S. Treasury securities).[51]"

https://en.wikipedia.org/wiki/Nation..._United_States

[NumberSix]

Take the oil.

[KyrieTheFuture]

Bbbbbbbut Welfare is destroying the country!

[Draz]

Military strong as fvk though

I mean, at an honest stand point, I don't see us minimizing the military spending's and actually lowering the debt because of that alone. Might as well have a strong ass arm.

[NumberSix]

Military strong as fvk though

You could cut the military budget in half and still have just as strong of a military. There is tremendous waste. The problem isn't the amount of money, it's in efficiency of the spending. Too much money is being wasted.

[fiddy]

Fake ass country

[Akrazotile]

Nuke the middle east then cut back on the military.

BAM.

[fiddy]

The goods....keeping countries in check. Gotta protect Japan.
The bad....can't seem to be able to defeat terrorism.

[Draz]

[Draz]

People don't mind paying unnecessary taxes for a military who doesn't need all that money but will cry their eyes out if they'd have to pay a couple coins for an HIV drug.

As long as they don't have it, they don't care

[Akrazotile]

This is actually a very critical topic, but as long as people like lamar doom and the rest of the masses are more concerned with whether or not their gay friends can marry each other, our tax revenue will continue to get exploited to shit.

[Patrick Chewing]

How much of that under Obama?

[Meticode]

How much of that under Obama?

I'm not sure how much he's directly responsible for, but when he took office in 2009 the U.S. debt was $10.6 trillion, so it's almost doubled in his 8 years as President.

[ALBballer]

But but but our lord and savior Obama has shrunk the deficit and hissocialist father Bernie Sanders will tax the 1% while promising to increase every single welfare program and will continue to shrink the deficit

-kevinnyc

[ALBballer]

Bbbbbbbut Welfare is destroying the country!

Social and welfare programs do make up the majority of the government spending. What's your point ?