There are estimates that our U.S. debt could reach the $16 trillion mark. Does anyone really understand how large that number is? I say not very many.
I am a retired mathematics professor, and numbers that large amaze me. Let me try to put it in perspective: 16 trillion is the number 16 with 12 zeros following. To pay off that debt we would have to pay $44 billion a day for one year, $8.8 million per day for 500 years, or $4.4 million per day for 1,000 years. This is insane.
Let me put it in another way: David Ramsey, a noted financial expert, recently wrote: "If the U.S. government was a family, they would be making $58,000 a year. They would spend $75,000 a year and have $327,000 in credit card debt. They are currently proposing big spending cuts to reduce their spending to $72,000 a year. These are the actual proportions of the federal budget and debt, reduced to a level that we can understand."
America is in very serious trouble, and we Americans must stand up and fight this disaster. I am convinced that politicians like to talk in terms of such large numbers because they know that the average person has no idea of what they are talking about. Well, it is time for us to wake up and stop this spending. We can't tax our way out of this mess.
Digital Access for only $0.99
For the most comprehensive local coverage, subscribe today.
Hilton Head Island