February 2011 US National Debt Update

One of the most compelling reasons for why we do what we do here at IWBNIN is the SOARING US National Debt.  This month the US National Debt has increased by an  incredible  $158,118,247,219 since our last update on January 4, 2011.

National Debt as of 2/18/2011

$14,161,538,992,149

By the time this post was completed, the national debt increased by an additional  $1 million.

If WE do not live our lives within our means – WE will never be able to hold our leaders accountable to do the same. I’m looking for some people who will commit to live within their means, save for a rainy day, refuse unending government handouts, and become wholly self-sufficient.   Who’s in?

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3 Responses to “February 2011 US National Debt Update”

  1. Brandon Miller February 25, 2011 at 2:27 pm #

    So true. We want to complain about the debt our elected officials have created, yet who are we…or most of us to be judging them we our lives are no different. As I read this, i was reminded of Romans !2:2 and that we should not conform to this worlds patterns and are called to life differently through the transforming of our minds through Jesus Christ.

    I have not been following you long on twitter or your blog, but I already know I missed out and have a lot of catching up to do to learn from your words of wisdom. Thanks for what you are doing!

  2. Basil February 26, 2011 at 1:18 pm #

    I agree that we could all be more fiscally responsible, but the deficit and deficit spending is reckless even compared to the most irresponsible of the public. Besides, I think it’s reasonable to expect that the federal government be more responsible than the average individual. If I choose to go bankrupt then shame on me, but if the federal government goes bankrupt then they’re taking us all down with them (and it wouldn’t be much of a stretch to say the rest of the world as well.)

    At $14 trillion, the federal deficit equates to $101 grand per taxpayer! It’s also crazy to think that in 2011 Obama’s budget estimates additional deficit spending of $12 grand per taxpayer – that’s $16 grand incoming funds (taxes) and $25 grand in spending per taxpayer! If you made $16 grand a year, had $100 grand in debt and were going to go $12 grand farther in debt this year – how long would it be before you went bankrupt?!

    I am aware that I’ve understated the problem considering the budget doesn’t account for actual spending – which is actually and unfortunately much higher. Best of luck on your quest!

  3. Basil February 26, 2011 at 1:22 pm #

    Correction – that’s $15,753.62 incoming funds and $27,673.91 of spending for a resulting $11,920.29 budgeted deficit spending per taxpayer in 2011. The point is the same either way…

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