Wrap Your Mind Around One Trillion Dollars

I don't know about anyone else but the numbers that have been thrown out by our leaders and the news is just beyond what I can imagine.  I found the article below that helped me undersand a little better how to see what these large numbers are.

http://www.worldnetdaily.com/index.php?fa=PAGE.view&pageId=88903

Trillions? Get ready for quadrillion
Debt clock in NYC modified to handle incomprehensible growth


Posted: February 13, 2009
11:35 pm Eastern

By Jerome R. Corsi
© 2009 WorldNetDaily

 

NEW YORK – The Obama administration economic stimulus package is going to force the Treasury to borrow approximately $2.5 trillion in 2009 and another $4 trillion in 2010, with the result of increasing the current $10 trillion national debt by 65 percent in just two years.

If the Obama administration increases the national debt by 65 percent every two years, the debt will be $16.5 trillion in 2010 and $27.225 trillion by 2012, the year of the next presidential election.

To answer the question of how big a problem borrowing $6.5 trillion will be over the next two years, we decided to examine just how large 1 trillion actually is.

One trillion is the number 1 followed by 12 zeroes, as in: 1,000,000,000,000.

If you had gone into business on the day Jesus was born, and your business lost a million dollars a day, 365 days a year, it would take you until October 2737 to lose $1 trillion.

 

 

If you spent $1 million a day, every day since Jesus was born, you would still be only slightly more that three-quarters of the way to spending $1 trillion.

One trillion dollars divided by 300 million Americans comes out to $3,333 per person.

One trillion one-dollar bills stacked one on top of the other would reach nearly 68,000 miles into the sky, about a third of the way from the Earth to the moon.

Earth's home galaxy, the Milky Way, is estimated to contain about 200 billion stars. So, if each star cost one dollar, one trillion dollars would buy five Milky Way galaxies full of stars.

One trillion seconds of ordinary clock time equals 31,546 years. So, spending money at the rate of one dollar every second, or $86,400 every day, would still take nearly 32,000 years to spend $1 trillion.

If someone were to build city blocks that contained 10 homes valued at $100,000 per home, you would end up with ten houses to a block, ten blocks to a mile and a hundred blocks per square mile. It would take 10,000 square miles to reach $1 trillion in value. This would be more than the size of six U.S. states: Vermont, 9,615 square miles; New Hampshire, 9,351 square miles; New Jersey, 8,722 square miles; Connecticut, 5,544 square miles; Delaware, 1,954 square miles; and Rhode Island, 1,545 square miles.

Craig Smith, founder and CEO of Swiss America, estimates it would take approximately four generations of Americans to pay off the interest of the U.S. Treasury bonds sold as debt to create the $1 trillion stimulus package, factoring in a 3 percent growth rate in the economy throughout that time.

The U.S. national debt now exceeds $10 trillion according to the according to the U.S. National Debt Clock, at Times Square in New York City.

With the estimated population of the United States at 305,556,415 people, each citizen's share of the national debt is $34,769.40.

In September 2008, the digital display on the Times Square National Debt Clock was modified to eliminate the dollar sign, so the national debt in tens of trillions of dollars could be displayed.

The clock, created in 1989 by Manhattan real estate developer Seymour Durst, is now being redesigned so it can display the national debt in numbers measured in the hundreds of millions, with a dollar sign that could be eliminated should the national debt ever reach $1 quadrillion.

The new clock should be ready to install early this year.

The Bush administration added more than $4 trillion to the national debt, increasing it more than 70 percent from the time George W. Bush took office Jan. 20, 2001.

Yet trillions may no longer be enough to measure important financial statistics on a global basis.

The Bank of International Settlements now estimates that derivatives, the complex bets financial institutions and sophisticated investors make with one another on everything from commodities options to credit swaps, now top $650 trillion worldwide – that’s $ 0.65 quadrillion.

A quadrillion, a trillion multiplied by 1,000, is a 1 followed by 15 zeroes, as in: 1,000,000,000,000,000. <

Grits4life Grits4life
46-50, F
19 Responses Feb 14, 2009

Thanks for a very informative story.

Oh, btw, JEROME CORSI, the swift boat liar?<br />
BHWHAHAH!<br />
Some source!!

Yes Grits, he does.<br />
Unless you'd LIKE to repeat 1929 - 1936, with 28% long term unemployed, people starving to death in the streets, mass demonstrations, bombings of factories and mines, sabotage of transport systems, lynchings and, oh yes, the rise of the American Nazis.

just becasue bush started it doesn't mean obama has to keep adding to it. 390 billion we could have dealt with 9 to 10 trillion we can not.

After all, he took a 60 billion SURPLUS and had a 390 billion DEFICIT in just his first year!!!

Yeah Grits, let's all thank Bush PERSONALLY for the bankruptcy!!

And the trouble doesn't stop there......when one country sneezes the rest of the world catches cold.....and the ripple effect is mind boggling

whoa...

SECTREAS does not have to borrow ... he can just print more. No interest to pay.<br />
<br />
However, it devalues the currency already in circulation.

due to all the debt now our county has it was reported last night that the United States credit rating is going to be lowered which is going to mean any money borrowed will have hight interest rates we will have to pay.

Our children and grandchildren will be paying off the Bush Bailout Bill and the current Bailout Bill.<br />
<br />
A Debtors Prison actually. <br />
<br />
<br />
The current Credit Crisis bailout is now the largest outlay In American history.<br />
<br />
The total cost of the bailouts now exceeds the total cost of all wars since the American Revolution. (http://www.aim.org/on-target-blog/bailout-cost-exceeds-all-american-wars/)<br />
<br />
Crunching the inflation adjusted numbers, we find the bailout has cost more than all of these big budget government expenditures – combined: (http://boingboing.net/2008/11/25/bailout-costs-more-t.html)<br />
<br />
• Marshall Plan: Cost: $12.7 billion, Inflation Adjusted Cost: $115.3 billion<br />
• Louisiana Purchase: Cost: $15 million, Inflation Adjusted Cost: $217 billion<br />
• Race to the Moon: Cost: $36.4 billion, Inflation Adjusted Cost: $237 billion<br />
• S&L Crisis: Cost: $153 billion, Inflation Adjusted Cost: $256 billion<br />
• Korean War: Cost: $54 billion, Inflation Adjusted Cost: $454 billion<br />
• The New Deal: Cost: $32 billion (Est), Inflation Adjusted Cost: $500 billion (Est)<br />
• Invasion of Iraq: Cost: $551b, Inflation Adjusted Cost: $597 billion<br />
• Vietnam War: Cost: $111 billion, Inflation Adjusted Cost: $698 billion<br />
• NASA: Cost: $416.7 billion, Inflation Adjusted Cost: $851.2 billion<br />
<br />
TOTAL: $3.92 trillion <br />
<br />
<br />
History of U.S. Gov’t Bailouts (www.propublica.org/special/government-bailouts)<br />
<br />
No bailout for homeowners, to stop foreclosures in these bills.<br />
<br />
Also, the stock market fell with the passage of the bailout yesterday and back in October 2008 too.

all of it plus interest. because once much of this is added to the budget it will continue every year as part of it. I read somewhere that about 50 new programs are being started with this bill and once started they will not end.

How much of this will be my kids and grandkids' burden?

yes and then the dems will have their would order with their chosen leader.

get ready for the amero

i'm pulling all of our 401k out monday and buying gold. the dollar is due for a crash and no value.

I'm getting a sinking feeling in my gut.

What's the difference between a million, a billion and a trillion?<br />
<br />
A million seconds is 13 days.<br />
A billion seconds is 31 years.<br />
A trillion seconds is 31,688 years.<br />
<br />
A million minutes ago was – 1 year, 329 days, 10 hours and 40 minute ago.<br />
A billion minutes ago was just after the time of Christ.<br />
<br />
A million hours ago was in 1885.<br />
A billion hours ago man had not yet walked on earth.<br />
<br />
A million dollars ago was five (5) seconds ago at the U.S. Treasury.<br />
A billion dollars ago was late yesterday afternoon at the U.S. Treasury.<br />
<br />
A trillion dollars is so large a number that only politicians<br />
can use the term in conversation... probably because they<br />
seldom think about what they are really saying. I've read that mathematicians do not even use the term trillion!<br />
<br />
Here is some perspective on TRILLION:<br />
<br />
Trillion = 1,000,000,000,000.<br />
<br />
The country has not existed for a trillion seconds.<br />
Western civilization has not been around a trillion seconds.<br />
One trillion seconds ago – 31,688 years – Neanderthals stalked the plains of Europe.<br />
<br />
Million: 1,000,000<br />
Billion: 1,000,000,000<br />
Trillion: 1,000,000,000,000<br />
Quintillion: 1,000,000,000,000,000,000<br />
Sextillion: 1,000,000,000,000,000,000,000<br />
Nonillion: 1,000,000,000,000,000,000,000,000,000,000<br />
Centillion: 1 followed by 303 zeros<br />
<br />
<br />
http://www.boreme.com/boreme/funny-2007/millions-billions-p1.php

Now wrap your mind around this....<br />
The nation's real tab, on the other hand, amounted to $53 trillion as of the end of the last fiscal year. That was the sum of our public debt; accrued civilian and military retirement benefits; unfunded, promised Social Security and Medicare benefits; and other financial obligations -- all according to the government's most recent financial statement of September 30, 2007. <br />
<br />
Exactly where is this bail out money coming from?