Aces High Bulletin Board
General Forums => The O' Club => Topic started by: Mickey1992 on September 16, 2008, 03:42:46 PM
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Amount of gasoline consumed in the US in 2007......142 billion gallons.
http://www.eia.doe.gov/bookshelf/brochures/gasolinepricesprimer/
Amount spent ON INTEREST ALONE on the federal debt in 2007......$430 billion.
http://www.treasurydirect.gov/govt/reports/ir/ir_expense.htm
142 billion gallons of gas x $3.00 = interest paid on the federal debt
If the federal deficit disappeared tomorrow, and federal spending/revenue stayed the same, the money saved by not having to pay interest on the debt could fuel every gas-powered vehicle in the country annually.