The US National Debt Just Passed $14 Trillion. How Much Is That
If you're like most people not involved with drug trafficking, you don't often actually see U.S. money with more than one or two zeroes on it, as in $50 or $100.The national debt flew past 14 trillion last Friday. That's a galactic sum that's difficult for any average American to imagine or even grasp. But let's try:
Fourteen trillion is 14-thousand billions. A billion is a thousand millions. A million is a thousand thousands.
A trillion has so many zeroes it won't fit in your checkbook -- 12 zeros, to be exact.
Last June 1 doesn't really seem all that long ago. The Gulf oil disaster was barely half-spilled. President Obama and Pancho Biden were still promising....
...amazing job growth by summer's end. The Senate was confirming Elena Kagan for the Supreme Court. CIA Director Leon Panetta still wasn't sure where Osama bin Laden was. Al and Tipper, and Tiger and Elin, were still married to each other.
Here's why we mention June 1. On that day the national debt was "only" $13 trillion. It's 214 days from June 1 through last Friday. That's 5,136 hours or 308,160 minutes or 18,489,600 seconds.
In those seven short months the national debt increased by $1,000,000,000,000.
That works out to be a growth in national debt of $54,084 borrowed during every single one of those 18,489,600 seconds.
How is that Hope and Change working.