According to the CBO, the baseline budget deficit for the U.S. Federal Government was $1.296 trillion in 2011. If spending cuts during the year cannot match the expected deficits, the U.S. government will have to borrow money from the private sector and other countries through the sale of treasury securities.
To fill this gap, the U.S. government would need to have spending cuts and total borrowing equal approximately 2.56 times the value of Apple. With public debt outstanding increasing every day, the total amount stands at $15.48 trillion, a value 31 times that of Apple. Since January 1, 2011, the national debt has grown by $1.45 trillion, about three times the value of Apple.