For fiscal year ending 10/1/2012 to 9/30/2013, the US Gov’t collected $2.77 trillion and spent $3.45 trillion, a $680 billion deficit. (source: US Treasury Dep’t)
That is the equivalent of collecting $.80 and spending $1.
The 5 highest deficit years in US history are the most recent 5 fiscal years of 2009-10-11-12-13. (source: US Treasury Dep’t)
As a Country, we now owe $16.738 trillion. Unreal.