Skip to comments.A Stack of 1 Trillion Pennies: 5 Ways to Visualize Our $13 Trillion National Debt
Posted on 02/14/2011 5:08:14 PM PST by Libloather
A Stack of 1 Trillion Pennies: 5 Ways to Visualize Our $13 Trillion National Debt
By Meredith Margrave
Wednesday, June 30, 2010
$13 trillion. That's roughly the current size of the U.S. national debt. And it continues to grow every second.
4) 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.
5) 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?
(Excerpt) Read more at investinganswers.com ...
My, how time flies.
If you lined up 999 billionaires, each of whom is worth $1 billion, their combined wealth STILL would not equal a trillion dollars!
If all the girls at Vassar were laid end to end, I wouldn’t be surprised.
The US national debt is high treason.
* A million seconds is 13 days.
* A billion seconds is 31 years.
* A trillion seconds is 31,688 years.
Catastrophic fiscal malpractice in Washington D.C.
Neither would I, but I'd like to see the film. ;)
1) Obama's idiotic "Stimulus "
2) Bush's stupid big government No Child Left Behind debacle & Homeland Security bloat.
3) Obama's CommieObamieCare isn't counted in that mutitrillion $ deficti yet is it?
What else? What do these add up to? It didn't take long for these idiots to rack all this up. We should be able to nuke all this crap out of existence fairly quickly as well, it seems to me.
I have not done the math but I ‘spect that a 50 megawatt power plant could burn dollars and loose.
Nice way to explain it.
If you spent 1 MILLION dollars a day — A DAY, if you went back to the birth of Christ you would be at 3/4 of a trillion dollars. You have to go back to the Battle of Thermopylae to get to a single trillion (reminder - at 1 million a day).
Now, 13 trillion, at 1 million dollars a day would be 13 times that — well before anything even resembling civilization existed...
You could buy off a lot of corrupt politicians with that kind of money. I don’t think it’s a coincidence that trillions of dollars are floating around Washington DC at a time when government corruption is at astronomical levels. Adding to that we have a fraudster at the top who has a mountain of skeletons in his closet.
Its back to fiefdom, taxpayers are the property of the land barons...
This analogy for the tech savy.
$1 = 1 byte
1000 bytes = kilobyte = $1000
1,000,000 bytes = megabyte = 1 million dollars
1,000,000,000 bytes = gigabyte = 1 billion dollars
1,000,000,000,000 bytes = tetrabyte 1 trillion
Did you mean terabyte?
Gonna be a hot hot hot summer.....:o)
It would take a military jet flying at the speed of sound, reeling out a roll of dollar bills behind it, 14 years before it reeled out one trillion dollar bills.
>>It would take a military jet flying at the speed of sound, reeling out a roll of dollar bills behind it, 14 years before it reeled out one trillion dollar bills.<<
That pretty much describes the TOTUS-reader’s plan — he will ride his unicorn and send out dollar bills out his tail end until he has bought all the votes he needs...
The best illustration I’ve ever seen of what a Trillion dollars is and looks like.
Go there, you’ll be shocked.
Every single minute, $3.2 million is added to the debt.
With each passing day, we owe $4.6 BILLION more.
That is a great illustration but appears to be somewhat flawed; when they show the $100,000,000 on the first pallet, that is actually $1 billion. So when they show the 10 pallets and say that is $1 billion, that is actually $10 billion.
So the last picture of the seemingly endless rows of double-stacked pallets, that is about 10 times too large, Still huge but that would be closer to representing the current #14 trillion debt, rather than $1 trillion.
That’s from Dorothy Parker.
What could be more boring than yet another news “story” about stacking dollar bills up to the Moon, or circling the Earth, etc., etc.
Who is 'we'? Pelosi & Reid have their exempted Obamacare secured - forever. Pretty good "benefits" - eh?
I'd be lyin' otherwise.
I think you’re mistaken and the illustration is correct. Perhaps you’re confused by the scale? The packets of 100 dollar bills themselves seem a bit big. The first pallet you mention as being a billion is one hundred million, it takes ten of those pallets to get a billion.
Look at it again.
Obamas Deficit Avalanche isnt Bushs Fault / scottuystarnes.com / 2/9/2010
Washington Times reports: Even more staggering than the mountains of snow in the capital are the deficits the Obama administration plans for the next decade. Huge spending increases will add about $12 trillion to the national debt for budget years 2009 to 2020.
The scariest part is that these deficits are based on unrealistic budgeting assumptions; the real fiscal outlook is much bleaker. In the proposed 2011 budget, the White House defensively attacks the irresponsibility of past deficits.
For example, the 2009 budget deficit of $1.4 trillion is blamed on the George W. Bush administration as if President Obamas $862 billion stimulus package and more than $400 billion supplemental spending bill had nothing to do with it. Mr. Obamas planned 2010 budget deficit rises to an even higher record level of $1.6 trillion.
By comparison, all of Mr. Bushs deficits from 2002 to 2008 the seven years during which his team had the most control over the budget produced a combined deficit of $2.1 trillion.
Obama has spent more in 2 years than Bush did in 7 years. Obamas BIOB (Blame it on Bush) defense just wont work anymore.
A guide to the abbreviations, acronyms, and obscure programs that make up the $14 trillion federal bailout of Wall Street.
The price tag for the Wall Street bailout is often put at $700 billionthe size of the Troubled Assets Relief Program. But TARP is just the best known program in an array of more than 30 overseen by Treasury Department and Federal Reserve that have paid out or put aside money to bail out financial firms and inject money into the markets. To get a sense of the size of the real $14 trillion bailout, see our chart here. Below, a guide to the pieces of the puzzle:
Treasury Department bailout programs (controlled by Rahm Emanuel)
Money Market Mutual Fund: In September 2008, the Treasury announced that it would insure the holdings of publicly offered money market mutual funds. According to the Special Inspector General for the Troubled Asset Relief Program (SIGTARP), these guarantees could have potentially cost the federal government more than $3 trillion [PDF].
Public-Private Investment Fund: This joint Treasury-Federal Reserve program bought toxic assets from banks and brokeragesas much as $5 billion of assets per firm. According to SIGTARP, the government's potential exposure from the PPIF is between $500 million and $1 trillion [PDF].
TARP: As part of the Troubled Asset Relief Program, the Treasury has made loans to or investments more than 750 banks and financial institutions. $650 billion has been paid out (not including HAMP; see below). As of December 21, 2009, $117.5 billion of that has been repaid. Government-sponsored enterprise (GSE) stock purchase: The Treasury has bought $200 million in preferred stock from Fannie Mae and another $200 million from Freddie Mac [PDF] to show that they "will remain viable entities critical to the functioning of the housing and mortgage markets." GSE mortgage-backed securities purchase: Under the Housing and Economic Recovery Act of 2008, the Treasury may buy mortgage-backed securities from Fannie Mae and Freddie Mac. According to SIGTARP, these purchases could cost as much as $314 billion [PDF].
--SNIP--- long read
Federal Reserve bailout programs
Commercial Paper Funding Facility: With the support from the Treasury, the Fed established the CPFF in October 2008 to increase the availability of short-term debt (commercial paper) funding. Up to $1.8 trillion [PDF] was earmarked for the program.
Mortgage-backed securities purchase: In 2009, the Fed earmarked up to $1.25 trillion to buy investments based on home loans.
Term Asset-Backed Securities Loan Facility: TALF provides financing to investors who are buying asset-backed securities. In February 2009, the Fed and Treasury announced an expansion of the program to generate up to $1 trillion in new lending.
Foreign Central Bank Currency Liquidity Swaps: The Fed has provided $755 billion [PDF] for currency liquidity swaps with foreign central banks.
--SNIP--- long read
There’s a film?
On Fox this morning there was a democrap slub shouting down the Fox anchor that the GWB recession was the complete cause for the recession. He said GWB created NO jobs in his 8 years in the WH NONE ZERO NADA and nobama has created a million jobs. All he could do was run down GWB and billionaires for causing the problem. The Fox anchor was polite to him but you could hear the tension in her voice.
My FAVORITE video for visualization of this.
You KNOW it!
Not quite sure what your getting at... my point was simply that the government has become equivolent to land barrons... but, rant on bro, rant on...