Nine Trillion Dollars? March 16, 2006
The Senate voted Thursday to allow the national debt to swell to nearly $9 trillion, preventing a first-ever default on U.S. Treasury notes.
How did the national debt become so large? Someone has to be taxed on that eventually. What will our future generation do?? Want to know how much $1,000,000,000,000 is? “To burn through $1 trillion in the average American life span of 77 years, you’d have to part with about $35,580,857 and change every day from birth.” Wonder how much tax they’d have to pay?
Source:
CNN - What would you do with a trillion?
- Posted in : Living Below Your Means
- Author : Kyle
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[…] ‘IRA’ of Inchoate Random Abstractions, also posted about Gen Y’ers working hard. Although some Gen Y’ers have a sense of entitlement, but I have to agree that we (Gen X and Y) will have to pay for the boomer genration’s over-spending habits. Who’s going to end up paying for the $9trillion National Debt? […]