Some
sobering graphics. This is mind-boggling, and is my biggest concern with the
direction our federal government seems to be heading in. Spending by the federal
government is totally out of control. . . ., or am I just imagining this?
In
each of the last three years, the federal government has spent
about $1.5 trillion more than it has received in tax receipts. The Senate
has not
passed a budget in three years. The House has passed a budget each year. The
Senate refuses to do
so. Consider this as you look at these
graphics.
The
last graphic is particularly staggering.
|
US Debt Stacked in $100 bills
United States owes a lot of money, with its debt equal to the size of the economy as of 2012. See the Statue of Liberty & WTC being dwarfed by the debt.
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.
If you spent $1 million a day since Jesus was born, you would have not spent $1 trillion by now...but ~$700 billion- same amount the banks got during bailout.
One Trillion Dollars
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 - US GDP 2011 & Debt
$15,064,816,000,000- The U.S. GDP in 2011. The debt as of Jan 1st, 2012 is 15,170,600,000,000. United States now owes more money than its yearly production (GDP).
Statue of Liberty seems rather worried as United States national debt soon to pass 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 cold hard $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 Program,
Social Security, Military and civil servant pensions. It is the money USA knows it will not
Have to pay all its bills.
If you live in USA this is also your personal credit card bill; you are responsible along with
Everyone else to pay this back. The citizens of USA created the U.S. Government to serve
Them, this is what the U.S. Government has done while serving The People.
The unfunded liability is calculated on current tax and funding inputs, and future demographic
Shifts in US Population.
Note: On the above 114.5T image the size of the base of the money pile is half a trillion, not 1T as on 15T image.
The height is double. This was done to reflect the base of Empire State and WTC more closely.
Everyone needs to see this.
Source: Federal Reserve & www.USdebtclock.org - visit it to see the debt in real time and get a better grasp of this amazing number.
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