Ten Trillion and Counting Project
Infographic by Patience Hallman
These things are important to know because they open the mind on how the government works. With knowledge, people will be able to point out things they like or dislike about these things, and hopefully come up with ways to help their fellow Americans.
United States Borrowing Money and National Debt
What is the current national debt?
The national debt has constantly increased over the past few decades. The rate at which the debt is increasing, as shown in the graph, is much faster in the recent past than the later.
Every man, woman and child in the United States currently owes $63,096 for their share of the U.S. public debt.
"United States National Debt Clock". DaveManuel.com. N.p., 2016. Web. 4 May 2016.
Who is the debt owed to?
As shown on the graph from May 2011, the United States owes the most money to China, Japan, the United Kingdom, and Brazil. This amount has increased in the past 5 years so the amounts are even more so.
"How Much Money Does America Owe Other Countries?". ChartsBin. N.p., 2016. Web. 4 May 2016.
How is it helping?
Part A covers hospital stays, nurse care, hospice care, and some health care.
Part B covers certain doctors' services, outpatient care, medical supplies, and preventive services.
Part C covers medical advantage plans which include Health Maintenance Organizations, Preferred Provider Organizations, Private Fee-for-Service Plans, Special Needs Plans, and Medicare Medical Savings Account Plans.
Part D covers certain fees from prescription drugs.
"What's Medicare? | Medicare.Gov". Medicare.gov. N.p., 2016. Web. 4 May 2016.
What problems come with Medicare?
In a report made by ABC News on July 23, 2015, it was estimated that $60 billion of American taxpayer money was lost to fraud, waste, abuse and improper payments. The article also states that coverage costs have been sent to 23,400 fake or bad addresses. These fake addresses where doctors are supposedly practicing at waste billions of money that the American people no longer have for their use. It is wasted to human greed.
Avila, Jim, Serena Marshall, and GITIKA KAUL. "$60 Billion Medicare Funds Improperly Paid, Report Finds". ABC News. N.p., 2016. Web. 4 May 2016.
Obama's Economic Recovery Plan
What is it for?
The plan quickly spent most of its budgeted money in the first three years after starting even though it is a 10-year plan.
It was planned to give $600 to each taxpayer, $1200 to couples, and $300 for each dependent child. It was hoped that all this extra money would be quickly spent and boost the economy. The extra money was expected to help taxpayers be able to buy ever increasing products.
"Purpose Of The Economic Stimulus Package | World Financial Watch". Worldfinancialwatch.com. N.p., 2016. Web. 6 May 2016.
Amadeo, Kimberly and Kimberly Amadeo. "Did Obama's Stimulus Plan Work?". About.com Money. N.p., 2016. Web. 6 May 2016.