Total Amount The US Government Owes

irs-building1In 2015 the federal government spent $3.7 Trillion to pay its bills (I.e. Military, Social Security, Medicare/Medicaid, Education etc.). It also collected $3.2 Trillion from taxpayers (I.e. Your paycheck).

Over the years, the federal government has borrowed money to take care of its needs. All together, it owes $18.7 Trillion on its “credit cards” and “loans” combined.

In 2015, it used the taxes we paid to pay $402 Billion in INTEREST ONLY on the total amount it owes.

Here is a real time total of what the federal government owes and who it owes it to.

http://www.treasurydirect.gov/NP/debt/current

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Quick Summary of Social Security

The federal government spent $944 Billion (of $3.7 Trillion in total) for Social Security benefits in 2015. They took in $1 Trillion (of $3.2 Trillion in total) for 2015.

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