United States Breaks 12 Trillion Dollar National Debt Mark | |
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Reality Is B.S User ID: 799587 ![]() 10/27/2009 12:48 PM Report Abusive Post Report Copyright Violation | |
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Anonymous Coward User ID: 2886 ![]() 10/27/2009 12:51 PM Report Abusive Post Report Copyright Violation | This amount can be visualized this way: A stack of $1000 bills that is 720 miles tall... Laid on its side, the stack would require a jet approximately 1 hour and 20 minutes to fly from one end to the other... Laid out as a sheet, the sheet would cover all the Western United States to North Dakota... Weighed, the stack would weigh more than 500 full grown elephants... YOU are fucked. Interest on this stack is over $400 BILLION a year. |
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snark![]() Forum Administrator User ID: 790439 ![]() 10/27/2009 12:57 PM ![]() Report Abusive Post Report Copyright Violation | They'll raise the debt ceiling. It's how they roll. T For Texas, T For Tennessee! The virtue of courage is a prerequisite for the practice of all other virtues, because otherwise one is virtuous only when virtue has no cost. There are times when something needs to be done, and yet we know that if we step up and do this needful thing, we will pay a heavy personal price. -C.S. Lewis |
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Anonymous Coward (OP) User ID: 519018 ![]() 10/27/2009 02:52 PM Report Abusive Post Report Copyright Violation | It looks like it keeps halfing itself.. 10yrs, 5yrs, 2yrs, 1yr. At that rate its going to be like two more trillion in six more months, then another two trillion three months after that, then another two trillion dollars a month and half later and so on.. we are soooooooooooo screwed! Doesn't matter about the stock market or the value of the dollar. We simply can't pay the debt back.. ever! DEFAULT just like on a credit card - we can't make the minimum monthly payment. |
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