Sunday, September 7, 2014

The Federal Wall of Debt

At the end of this month (September 2014), the "wall of debt" will be 24.5 feet tall. 

I have written about the ever increasing height of the wall of debt.  (You can get the basis for the calculations on my blog entry in June 2011 "The 20' Wall of Debt".)  Link:

If you lay dollar bills end-to-end and flat on the ground, around the world at the equator; our national debt would create a wall of dollar bills 24.5 feet tall.

Think about that!  24.5 feet tall is about the height of a telephone pole in a residential neighborhood.  Now picture in your mind a stack of dollar bills that tall surrounding your neighborhood.  That would be a lot of money.  Now stretch your imagination to picture that wall ALL THE WAY AROUND THE WORLD!  Now we are talking serious money!

This amount of money is not what the Federal Government is spending, it reflects what they are spending above and beyond what they are collecting in taxes.  They are currently setting records in the amount of taxes being collected. 

To paint a different word picture of the amount of debt our nation owes, it would take 562,163 years to pay it off, one dollar per second with no additional borrowing and paying no interest. 

This does not even consider the massive, unfunded liabilities of our government.

Even with this being such an enormous problem, no one in Washington seems to be that concerned about the out-of-control spending and 100's of billions of dollars in additional deficits being added each year. 

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