Here’s an astounding take on the national debt from Yahoo Finance, 13 Ways to Spend $1 Trillion. Apparently the government spent $1 trillion more (yep, that is $1,000,000,000,000) than it made in the first 9 months of the fiscal year of 2010. Let’s see what Yahoo Finance said $1 trillion can buy:
- 40,816,326 New Cars
- 5,574,136 Typical American Homes
- 140 Billion Hours of Labor
- A Year’s Salary for 14.7 Million Teachers
- The Annual Salaries of All 535 Members of Congress for the Next 10,742 Years
- The Star Power of LeBron James for the Next 50,000 Years
- 1.33 Trillion Chocolate Bars
- 1,333 Celebrity Divorce Settlements
- A Guaranteed $6.3 Billion Payout for a 65-Year-Old Man Every Month for the Rest of His Life
- A One-Year CD Yielding $15.5 Billion in Interest
- Annual Base Pay for 59.5 Million U.S. Army Privates
- Replace Annual Incomes for 19.2 Million American Families
- Pay the Estate Taxes for 2,222 Billionaires
Obviously, if you divide 1 trillion dollars by whatever a thing costs, you will get some big number results. The number is insane, but the sickening aspect of it to me isn’t the $1 trillion spent in 9 months or the actual total debt of $13 trillion, it’s the fact that at some point it will be handled in one way or another. How much will our taxes increase? How many programs will have to be cancelled? What will our economy be like during the turning point? I am personally frustrated at feeling helpless. I just can’t comprehend why the generations ahead of me seemed to have gone out of their way to make our future incredibly difficult.
I try to battle that helplessness with personal financial stability. Our bills are paid. We save for our own future. Our mad money is even budgeted for so we don’t feel guilty about not saving every dime. Those steps don’t make the fear for my future dissipate, but it does help. I try not to worry about things I cannot change, but articles like this make that difficult to do.
What do you think? Are you having a hard time wrapping your head around it too? What are your guesses for our future?