Our $13 Trillion National Debt

4 12 2010

It wasn’t very long ago that we only talked in Billions whenever the National Debt was talked about. Now we have a new norm as we consider our Debt, we now count it byTRILLIONSof Dollars.

I have copied some ideas that have been floating around the internet over the last week, so we can once again put the number Trillion into perspective. This is what our government has done to us…

$13 trillion. That’s roughly the current size of the U.S. national debt. And it continues to grow every second. 

A Trillion Seconds Worth of Distance Run
Can you guess how many days it takes for a trillion seconds to pass? If you said, “Let me go get my calculator,” you’re on the right track. I’ll give you a hint: Each 24-hour day is worth 86,400 seconds. That’s a huge number! But it’s no where near a trillion.   

  • A million seconds is 13 days.
  • A billion seconds is 31 years.
  • A trillion seconds is 31,688 years.

If you can believe it, a trillion seconds ago, modern humans were yet to exist, and Neanderthals stalked the plains of Europe.

Astronomically Large
Outside on a clear night, you can see about two thousand stars with the naked eye, according to the astronomy site A Bright Spot Opposite the Sun. With $1 trillion, you could buy all of those stars if each cost $500 million. 

Oh the Places They Will Go
A brand new Porsche 911 is a pretty luxurious purchase. Only the truly wealthy can afford to plunk down $88,800 on a car that fits two people and a weekend bag. But with a trillion dollars, in addition to a diploma you could give a set of keys to every graduating high school student in the country — for the next four years!

The 50 Richest People in the Room
Bill Gates, Warren Buffett, the entire Walton family — these are just a few of the names that top Forbes’ annual report on the richest people in the world. Yet none of them will ever be worth a trillion dollars. In fact, if you put the 50 richest billionaires in a room, their combined net worth would barely pass $1 trillion. 

Not Even the Biggest Blue-Chips
Let’s go back to how much purchasing power $1 trillion will give you. For that amount of money, you could buy every share of ExxonMobil (NYSE: XOM) — and still have more than $700 billion to spend buying up every share of… 

  • Apple (Nasdaq: AAPL) — $233.10 billion
  • Microsoft (Nasdaq: MSFT) — $204.29 billion
  • Berkshire Hathaway (NYSE: BRK-A) — $197.89 billion
  • Wal-Mart (NYSE: WMT) — $181.40 billion

Now multiply by 13. Can you wrap your brain around that?

If we don’t FORCE our government to take some drastic measures, our children and grandchildren will be living in a 3rd World Country in less than 20 years. God help us!

Gio-


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2 responses

4 12 2010
DCG

We are doomed if this isn’t dealt with immediately and stop the spending! Let’s hope the incoming repubs can grow a spine and deal with the madness!!

6 12 2010
Doc's Wife

I never even heard of the term “trillion” until Barry took over. Now it is in everyday speech. This crap must stop now!!

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