At the time of this 02/02/2021 posting, “OUR” unsustainable, rapidly-increasing U.S. NATIONAL DEBT totaled more than $27.8 Trillion ($27,865,617,000,000)!
Or, when expressed in a bit more personal fashion—a debt burden of more than $84,156 per each U.S. Citizen (or, $222,191 per taxpayer)!
Yes, “each” newly-born U.S. Citizen arriving today, was unknowingly and helplessly presented with a “Very Special B-Day Present” from America’s so-called past and present “adults”—a passed-on to them “personal debt obligation” of over $84,156 and rapidly growing!
Of course, the above truly uplifting information becomes even more comforting when mixed with the following News Flashes:
(1.) “The Federal Government has no money”! Other than: tax revenue (from us); money it prints (which can devalue our money and/or further increase our debt); or, money it borrows (which again represents more debt to us).
(2.) “Ever-increasing Spending/Debt is not sustainable, and involves consequences”! Whether that of the typical American household, or that of our federal government.
(3.) “Nothing is truly free—none the least, our National Debt”! That which may appear to be so-called “free” to one, must at some point be “paid for” by another. If not by today’s so-called adults, then at some future point by their descendants.
(4.) “The size of a Trillion of anything defies human comprehension”! To assist in understanding how big “a trillion” is, one trillion seconds equals about 31,710 years. Therefore, paying back our present National Debt of $27.8 Trillion at “One Dollar per Second” would take about 881,538 years! And, some 158 billion seconds ago—Jesus Christ walked this Earth!
= = =
And, just in case one should encounter a day when everything is going “much better” than one can longer bear—no more than an attentive minute or so at the “link inserted below” should bring about at least some temporary relief from such trauma!
—William James Moore
https://www.usdebtclock.org/
https://www.usdebtclock.org/
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