If you have ever had any significant credit card debt, you know how difficult it can be to dig yourself out of a hole. Now imagine a 787 billion + 75 billion + 200 billion = 1.062 trillion dollar hole. This number is most likely difficult if not impossible for you to imagine. In fact, I'm willing to bet that a very large majority of people could not write this number down if you asked them to. I'd like to see this challenge on one of those clips you see on late night talk shows. This number is close to the total known digits of pi as of 2002. It is also more than 6.5 times the total market capitalization of Microsoft (161.1 Billion). And, according to this article, our federal governments obligations now exceed the world's gross domestic product. Add to that the interest accrued when we borrow from China and other countries. It is going to be impossible to pay this off in the foreseeable future. I cannot believe that our politicians are running the country this way. Individual responsibility and now national responsibility is going down the drain.
P.S. - 1.062 trillion is 1 062 000 000 000
P.S. - 1.062 trillion is 1 062 000 000 000
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