Thursday, August 5, 2010

A Trillion Here, A Trillion There

The Congressional Budget Office reports that during the first nine months of fiscal 2010, which ends September 30, the federal government spent $1 trillion more than it took in.

That's another $1 trillion added to a total national debt that stood at just over $13 trillion as of the Fourth of July.

But, seriously, how much is $1 trillion? To help you wrap your head around that mind-boggling number, and to try to put deficit spending into perspective, consider what $1 trillion will buy, expressed in terms we can all understand.

Learn just how far you can stretch $1,000,000,000,000.

1 comment: