Our national debt for the first 9 months of our fiscal year was over $1 trillion for the first time. It was the quickest time that our countries has reached a $1 trillion deficit. Here is the main article from Yahoo News, that points out what $1,000,000,000,000 buys.
Here are the highlights, as food for thought as we wind down the fiscal year (that ends September 30th).
1. It would purchase 40,816,326 40,816,326 cars in the $20,000-$25,000 price range.
2. 5,574,136 – Number of homes valued at the national average of $179,000 each that it would buy.
3. 140 Billion Hours of Labor – That’s at the national minimum wage of $7.25. That’s enough money to have the entire state of Kansas (men/women/children) employed full time at minimum wage for 23 years.
4. The Annual Salaries of All 535 Members of Congress for the Next 10,742 Years – Their salaries are $174,000 each.
5. Replace Annual Incomes for 19.2 Million American Families – The average household earns approximately $52,000 each year. In all, there are approximately 71 million households in the United States.
And remember: this is the amount what the federal government has spent in 9 months above and beyond what they have brought in. Wow. Is your head spinning on how much money that is? Mine is.