O.K. Pay Attention. This is Important.

23 Apr

In America we have a 14.3 TRILLION dollar debt limit. AKA $14,300,000,000,000. Please observe the size of that number.

Okay lets put that into perspective real quick. (Stealing this part hardcore from dailycognition.com)

This is $100:

This is $10,000 (ten thousand):

This is $1,000,000 (one million):

This is $100,000,000 (one hundred million):

This is $1,000,000,000 (one billion):

And THIS is $1,000,000,000,000 (one trillion) NOTICE that the money is double stacked:

THAT IS RIDICULOUS. And get this– we’ve spent 14 TIMES that much. In fact, you can click here to get a live US Debt count. Look how our military spending compares to the spending of other countries:

Pretty embarrassing. But hang on–it gets worse. Right now, the government (specifically the Republicans in the House of Representatives) is trying to push the debt ceiling. In other words, they want to stretch the limit to a higher number and continue to spend money to meet “financial obligations.” This is a HUGE nightmare and reaaaally bad news for the US. If we do in fact push the limit, we will be taking huge risks–the treasury might be shut out of borrowing, those who depend on federal benefits will most definitely suffer, and even if/when we get a handle on things there will be significantly higher interest rates for the long term (as a result of losing our great national credit rating), mortgage rates will rise and the debt will just get even worse. It’s a vicious cycle, and we’re in big trouble.


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