Friday, January 27, 2012

The Staggering Reality of Today’s U.S. Debt

To the everyday person, a trillion is just a number, but what does it look like?

One Hundred Dollars

$100 – Most counterfeited money denomination in the world. Keeps the world moving.

Ten Thousand Dollars

$10,000 – Enough for a great vacation or to buy a used car. Approximately one year of work for the average human on earth.

One Million Dollars
$1,000,000 – Not as big of a pile as you thought, huh? Still this is 92 years of work for the average human on earth.

One Hundred Million Dollars

$100,000,000 – Plenty to go around for everyone. Fits nicely on an ISO / Military standard sized pallet.

One Billion Dollars

$1,000,000,000 – You will need some help when robbing the bank. Now we are getting serious!

One Trillion Dollars

$1,000,000,000,000 – when the U.S government speaks about a 1.7 trillion deficit – this is the volumes of cash the U.S. Government borrowed in 2010 to run itself.

Keep in mind it is double stacked pallets of $100 million dollars each, full of $100 dollar bills. You are going to need a lot of trucks to freight this around.

One Trillion Dollars – another perspective

Comparison of $1,000,000,000,000 dollars to a standard-sized American Football field and European Football field.

Say hello to the Boeing 747-400 transcontinental airliner that’s hiding on the right. This was until recently the biggest passenger plane in the world.

15 Trillion Dollars

$15,000,000,000,000 – The US national debt (credit bill) is currently approximately $15.3 trillion.

Statue of Liberty seems rather worried as United States national debt passes 20% of the entire world’s combined GDP (Gross Domestic Product).

114.5 Trillion Dollars

$114,500,000,000,000. – US unfunded liabilities

To the right you can see the pillar of $100 bills that dwarfs the WTC & Empire State Building – both at one point world’s tallest buildings. If you look carefully you can see the Statue of Liberty.

The 114.5 Trillion dollar super-skyscraper is the amount of money the U.S. Government knows it does not have to fully fund the Medicare, Medicare Prescription Drug Programme, Social Security, Military and civil servant pensions.

The unfunded liability is calculated on current tax and funding inputs, and future demographic shifts in US Population.

Source: Federal Reserve & www.USdebtclock.org – visit the Web site to see the debt in real time and get a better grasp of this amazing number.

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