Monday, May 4, 2009

A Trillion is..........A Lot


A Trillion dollars is 1 million millions.
In perspective I found this on the web; It would take 1,000,000 days or about 2,740 years to spend a trillion notes. Our national budget is 3.5 trillion dollars, and just like a college loan, the "American Government," (taxpayers) will have to pay up sooner or later. But even if we don't have to pay back the trillions of principal we own to foreign countries, we will have to pay the interest in the short term.

According to the New York Times; The Congressional Budget Office expects interest payments to more than quadruple in the next decade as Washington borrows and spends, to $806 billion by 2019 from $172 billion next year.

So....the United States population is around 304 million. dividing the interest we owe on our debt (evenly, it will not turn out this way) by an educated guess of 200 million U.S. families (there are probably far less than that) we see that each families burden will be $4,030 dollars........For solely the interest in 2019.

Our generation will unfortunately be the generation that puts the most in (taxes, hours of work, etc) and gets the least out (no social security, medicare, etc)........

2 comments:

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LAUREN ALT said...

Dude, I can spend those papers. No problem.