Since we're on the topic of debt, you may have read that, last week,
Congress raised the national debt limit to $9 trillion.
That is a 9 with 12 zeros... a number so huge that it's hard to wrap
our mind around it.
So, to get a better understanding, what could you do with $9 trillion?
- If you spent a million dollars a day for a million days (2,739
years), it would sum up to $1 trillion.
- To blow $1 trillion in the average American life span of 77 years,
you'd have to spend $35,580,857 every day from the day you were born.
- On September 13, 2005, Oprah Winfrey gave a $16,882 Pontiac G6
sedan to every member of her studio audience. For $9 trillion, she
could have given Pontiacs to every man, woman, and child in the
United States, Canada, and Mexico--with enough left over to cheer up
residents of Central America and the Caribbean.
- If you like cash better, you could hand every man, woman and child
in the world $1,500.
- $9 trillion would buy you 3 million tons of $93-per-ounce Beluga caviar.
- Or you could build 28 Eiffel Towers made out of pure gold.
- For the less decadent, it would buy a lifetime supply of Charmin
toilet paper or 1,000 bottles of Coke for every person on the
planet.
- And if Wal-Mart--which made $258 billion in 2005--could be
persuaded to dedicate all its revenue to paying off the national
debt, the problem could be solved in less than 36 years.
(Sources: CNN Money.com, Times Online UK.com, Wolf Files on ABCNews.com)
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Posted
03-21-2006 4:33 PM
by
Doug Casey