Alright, since the debt limit has been increased to about $9 trillion, here's an update from the earlier post.
At $3600 an hour (that's a dollar a second), it would take about 285,000 years to pay off the debt.
At $10,000 per hour it, would take about 103,000 years to pay off the debt.
At $100,000 per hour, it would take about 10,300 years to pay off the debt.
At $1,000,000 per hour (that's one million dollars an hour), it would take about 1030 years to pay off the debt.
At $1,000,000,000 per hour (that's one billion dollars an hour), it would take about 375 days (a little over 1 year) to pay off the debt.
Think about those numbers. I know they are hard to fathom, so take a minute and contemplate the magnitude of the situation.
Now, if you take into accout the annual interest rate on this debt, then the amount of time to pay off the debt grows even longer.
Where's the fiscal responsibility?
--Randy Anderson
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2 comments:
Scary, scary stuff.
What's even scarier is that neither party seems to really care about fiscal responsibility.
No, they don't. This is what happens when people who have never had to worry about money become the leaders of this country. Most of them have never had to pinch pennies or have to make a decision between paying the utility bill and buying groceries. They can't fathom that lifestyle. To them, money has always been there so there's been no need for them to be fiscally responsible. Why do allow the rich to be our leaders? What makes them more capable at leading this country than you or I?
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