For some time, the U.S. has had a federal deficit over $1 trillion dollars. But have you ever stopped to think what that really looks?
A trillion dollars is written as $1,000,000,000,000. That's a lot of zeros huh? The Outstanding Public Debt as of this morning is: $13,839,908,891,247.82.
Are you nervous yet? Angry?
At the Kansas Livestock Association annual convention last week, it was put in perspective for me. If you went on a $1000 shopping spree every day for the next 2.74 million years you would spend a trillion dollars.
When I posted this, your share was over $44,500. It's more now. The debt per tax payer is over $125,000.
Click here to see it in real time: but be warned, it could cause a headache. (A really big headache.)
So multiply those 2.74 million years a few times--whatever's appropriate for how ever many trillions of dollars we owe on the day you're reading this.
I know a lot of people who have turned off the evening news because they've reached their limit and don't want to hear any more about the economy or the state of affairs in this country. But it's time for all of us to plug back in and demand that the federal budget be balanced.
Services we enjoy are going to go away, but it's time to pay the piper. We're going to be paying him for a very long time--even longer if we don't start the payback soon.
There are a lot of sacred cows in the budget. What's the first one you would butcher to bring spending back in line?
Ten years later: the rest of the story - This morning I found myself in a reflective mood thinking back to mid-July 2008 and one of the most hectic weekends of my life. I blogged about it at the t...