According to the Treasury’s Bureau of the Public Debt, the nation debt stood at $14.31 trillion dollars as of the end of day Friday, April 15th.
Even though the Republicans cut of $38.5 billion for the rest of fiscal year 2011, the national debt rose $34.54 billion dollars just in one day – the traditional tax day of April 15th, 2001- this past Friday.
$34.54 billion. That’s with a “B”. So much for fiscal responsibility by our newly elected Republicans. And now I want to show you why I’m peeved.
To give you an idea of what a million, billion and trillion dollars is, let’s take a quick look.
Here’s $10,000 in $100 bills – a stack of 100 to be exact. That would fit nicely into your pocket.
So, then in perspective, $1,000,000 (one million) dollars looks like this.
The above doesn’t look like much, does it? But, remember – those are all $100 bills in $10,000 stacks. That’s 100 stacks of Benji’s.
Now, $100 million dollars ($100,000,000) will fit onto a single pallet as seen below.
That’s a lot of cash for Joe American. But, Here’s what one billion dollars looks like…
Now, let’s take a look at roughly $35 billion dollars – which is what the deficit went up in ONE SINGLE DAY on FRIDAY April 15th, 2011. This picture below shows what “was cut” and “spent” in one day in the United States.
Now keep this in perspective. The following is just (note I say just) 1 trillion dollars ($1,000,000,000,000).
Note the perspective – yes, that is the same guy in perspective that we saw with the $100 million on a pallet. Each of the tiny squares is $100 million.
Now, this is why the American public needs to be extremely upset with their politicians and why raising the debt ceiling might not be such a great idea…….
Please note, that this is our National Debt… this is what we owe to other countries. When you look at it in perspective, when the Federal Reserve and those in Washington want to continue raising the “debt ceiling,” they should all be shown this imagery. You can’t continue to run a country on debt without something happening – like it eventually (probably sooner than later) imploding (inflation, anarchy, etc).
And people wonder why they don’t have the purchasing power they used to and why the US dollar is so weak. If we continue to let the Federal Reserve print more money, continue to let our President and Congress continue their spending spree and continue borrowing more money to pay the ever growing debt, we won’t have a government who’s “full faith and credit” is worth anything.
I guess that’s not much different than what we currently have since those in government have no clue you can’t spend what you don’t have. It’s just spend, spend, spend so we can buy more votes. Take from those that have, to give to those that take.
Try that at home and see how far you get.
Now you know why I am peeved off.
A special thanks to the DailyCognition website at http://www.dailycognition.com/index.php/2009/03/25/what-1-trillion-dollars-looks-like-in-dollar-bills.html for the image representations and understanding of how much money this really represents.