Federal Government's Debt Jumps More Than $1T for 5th Straight Fiscal Year

Discussion in 'News / Current Events' started by carpro, Jul 23, 2012.

  1. carpro

    carpro
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    http://cnsnews.com/news/article/federal-governments-debt-jumps-more-1t-5th-straight-fiscal-year

    Federal Government's Debt Jumps More Than $1T for 5th Straight Fiscal Year

    By Terence P. Jeffrey
    July 23, 2012

    (CNSNews.com) - By the end of the third quarter of fiscal 2012, the new debt accumulated in this fiscal year by the federal government had already exceeded $1 trillion, making this fiscal year the fifth straight in which the federal government has increased its debt by more than a trillion dollars, according to official debt numbers published by the U.S. Treasury.
     
  2. saturneptune

    saturneptune
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    Here are some fascinating images of a trillion dollars. Our minds are so used to government spending, I do not believe we realize what we are doing.

    Money Stacks
    One way to better understand large numbers is to compare the heights of stacks of varying numbers of dollar bills. The thickness of a single one dollar bills measures .0043 inches or .0000000679 miles.

    The height of a stack of 100 one dollar bills measures .43 inches.

    The height of a stack of 1,000 one dollar bills measures 4.3 inches.

    The height of a stack of 1,000,000 one dollar bills measures 4,300 inches or 358 feet – about the height of a 30 to 35 story building.

    The height of a stack of 100,000,000 (one hundred million) one dollar bills measures 35,851 feet or 6.79 miles. This would reach from the earth’s surface to the approximate altitude at which commercial jetliners fly.

    The height of a stack of 1,000,000,000 (one billion) one dollar bills measures 358,510 feet or 67.9 miles. This would reach from the earth’s surface into the lower portion of the troposphere – one of the major outer layers of earth’s atmosphere.

    The height of a stack of 100,000,000,000 (one hundred billion) one dollar bills measures 6,786.6 miles. A column of bills this high would extend 28 times higher than the orbiting International Space Station.

    The height of a stack of 1,000,000,000,000 (one trillion) one dollar bills measures 67,866 miles. This would reach more than one fourth the way from the earth to the moon.

    The height of a stack of 100,000,000,000,000 (one hundred trillion) one dollar bills measures 6,786,616 miles. This would reach from the earth to the moon and back 14 times.



    Money Lines
    Yet another way to understand large numbers is to compare the lengths of varying numbers of dollar bills laid end-to-end. The length of a single one dollar bills measures 6.14 inches.

    The length of 100 one dollar bills laid end-to-end measures 614 inches or 51.17 feet.

    The length of 1,000 one dollar bills laid end-to-end measures 512 feet. This would approximate the length of some of the longer home run balls hit by professional baseball players. (The world record for the longest home run, estimated at 643 feet, was set in 1961 by Mickey Mantle.)

    The length of 1,000,000 (one million) one dollar bills laid end-to-end extends 96.9 miles. This would easily traverse the 21 miles across the English Channel from the shores of England to the shores of France and back more than two and a half times.

    The length of 100,000,000 (one hundred million) one dollar bills laid end-to-end measures 9,690 miles. This would reach from Washington D.C., USA to Sydney, Australia.

    The length of 1,000,000,000 (one billion) one dollar bills laid end-to-end measures 96,900 miles. This would extend around the earth almost 4 times.

    The length of 100,000,000,000 (one hundred billion) one dollar bills laid end-to-end measures 9,690,656 miles. This would extend around the earth 387 times.

    The length of 1,000,000,000,000 (one trillion) one dollar bills laid end-to-end measures 96,906,656 miles. This would exceed the distance from the earth to the sun.

    The length of 100,000,000,000,000 (one hundred trillion) one dollar bills laid end-to-end measures 9,690,656,566 miles. This would reach from the earth to the planet Saturn and back six times. (Assuming Saturn at its nearest point to earth)

    We have been through millions, billions and trillions. Before our life is through, we will be hearing a new figure called quadrillion, which is one thousand trillion.
     
  3. HankD

    HankD
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    Not a problem...

    Start up the printing presses!

    HankD
     
  4. carpro

    carpro
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    Yep.

    The FED will cover for them as long as possible. When that's unsustainable, they can always lie about the inflation rate.
     
  5. HankD

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    Right, when they run out of paper (fiber) and ink.

    HankD
     
  6. billwald

    billwald
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    Be thankful for cheap memory and storage. <g>
     

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