Posted on 02/14/2009 8:44:20 PM PST by SeekAndFind
The Obama administration economic stimulus package is going to force the Treasury to borrow approximately $2.5 trillion in 2009 and another $4 trillion in 2010, with the result of increasing the current $10 trillion national debt by 65 percent in just two years.
If the Obama administration increases the national debt by 65 percent every two years, the debt will be $16.5 trillion in 2010 and $27.225 trillion by 2012, the year of the next presidential election.
To answer the question of how big a problem borrowing $6.5 trillion will be over the next two years, consider the fact that 1 trillion is the number 1 followed by 12 zeroes.
If you had gone into business on the day Jesus was born, and your business lost a million dollars a day, 365 days a year, it would take you until October 2737 to lose $1 trillion.
If you spent $1 million a day, every day since Jesus was born, you would still be only slightly more that three-quarters of the way to spending $1 trillion.
One trillion dollars divided by 300 million Americans comes out to $3,333 per person.
One trillion one-dollar bills stacked one on top of the other would reach nearly 68,000 miles into the sky, about a third of the way from the Earth to the moon.
Earth's home galaxy, the Milky Way, is estimated to contain about 200 billion stars. So, if each star cost one dollar, one trillion dollars would buy five Milky Way galaxies full of stars.
One trillion seconds of ordinary clock time equals 31,546 years. So, spending money at the rate of one dollar every second, or $86,400 every day, would still take nearly 32,000 years to spend $1 trillion.
(Excerpt) Read more at worldnetdaily.com ...
And most of the people who voted for Obama probably think its going to arrive in the form of a personal check.
Not to worry; the kids’ll pay for it And the kids of the kids. And their kids. For the next several hundred years.
Remember when a million dollars was a lot of money.
Maybe...sometimes this much debt forces a different solution. :)
Back in my day, we’d kill for a lousy million.
“The Obama administration economic stimulus package is going to force the Treasury to borrow approximately $2.5 trillion in 2009 and another $4 trillion in 2010, with the result of increasing the current $10 trillion national debt by 65 percent in just two years.”
From WHO do they think they’re going to borrow it?????
Pretty soon it will be up to a bazillion simoleons.
i hope at the end of the road, keynes will be the butt of everyone’s joke. Keynes will be synonymous with hyperinflation, zimbawae, obama and barrel full of money for a loaf of bread
Hopefully, it won’t get so out of hand that the debt explodes into the brazilians. Even Bush didn’t know how much that was!
Let it collapse.
and reset the clock.
Someone with photoshop please make a graphic with the digit "1" followed by 12 0bamas. hehe
“Someone with photoshop please make a graphic with the digit “1” followed by 12 0bamas.”
Funny, I was thinking the same thing except I was thinking of 3.27 trillion.
I remember Democrats yacking about the federal deficit all these years. Won’t hear any more of that.
, , , That’s a lot of Pepsi!
That’s a lot of Pepsi!
If I had a nickel for every story I've read that tried to describe how far a trillion dollars stacked end to end will reach, I could fill a mayonnaise jar.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.