By The Numbers - Debt and Spending Kills Jobs

Fast Facts

95

95% is the nation’s current total debt-to-GDP ratio.

Countries with debt above 90% of GDP experience at least 1% lower GDP growth.

A 1% reduction in GDP equals 1 million jobs lost.

40

About 40 cents of every dollar the federal government spends is borrowed.

100

100% of our tax revenue is spent just on mandatory spending and interest payments on the debt. Everything else – defense, homeland security, energy, education, etc. – is borrowed.

790

It’s been 790 days since Senate Democrats passed a budget.

During that time, the debt has risen by $3.2 trillion.

It’s time for a budget that finally places the U.S. on a sustainable fiscal path. The longer we wait, the more jobs we lose.