Here it comes….
I’m not sure if it’ll have the impact I hope it does, but the United States is expected to cross the $12,000,000,000,000 (that would be 12 Trillion if you’re counting zeroes) mark in our national debt sometime in the coming 24 hours or so. See for yourself.
And I get the feeling that most of us have no clue how much that is or how critical the problem is. To help you see, check out these facts:
- If you were to stack $1 bills on top of each other, a stack of $12 trillion would stand roughly 67,900 miles high. That is not quite 1/3 of the way to the moon.
- If you laid those same dollars end to end, they’d go from the Earth to the sun and back again with plenty of room to spare (over 1.3 billion miles in total!).
- If you were to spend $1 a second, you would spend the 12 trillionth dollar on November 11, 382,265. Yes, that’s 380,256 YEARS from now.
- The Earth has roughly 50 billion square miles of land. To reach 12 trillion square miles, you’d need 240 Earths.
- For another geography one… 12 trillion miles would mean circling the Earth at the equator roughly 480 million times!
- One trillion seconds (31,688 years) is MUCH longer than modern humans have walked the Earth. Now imagine that times 12. We’re back to the age of many of the oldest humanoid fossils.
- And of course this incredible visual demonstration…. Please note that that is only 1 trillion, not 12.
It seems that everyone has been talking about the national debt and the deficit (not the same thing by the way), but so little is being done. Unfortunately, current politicians on both sides today seem unconcerned by the gross overspending, pushing this critical burden off on the future in favor of overspending today.
Well try this on for size… in the next 10 years, we will spend $4.9 trillion dollars just paying interest on that debt. The interest payments alone would completely pay for the current health care proposal more than five times. The interest payments alone would resolve the Social Security crisis.
And if that doesn’t convince you that something must be done, think of it this way: There are roughly 103 million tax payers in the United States. The interest payments we will make in the next ten years on our national debt will cost the average tax payer $4,757 annually.
You want economic stimulus? What could you do if the average tax burden were lowered almost $5,000 every year just in interest payments to service the national debt?
This isn’t a future problem. This is a today problem. This was a yesterday problem to tell the truth. If you haven’t already, make your voice heard on all levels of national government. If they don’t listen, use your power to vote them out.
If America is to maintain glory, we cannot do so in debt.