Even if the government could somehow pay off that debt at the rate of, say, $100 MILLION PER DAY, EVERY DAY STARTING RIGHT NOW, IT WOULD TAKE 3,663 YEARS BEFORE THE TOTAL GOVERNMENT DEBTS AND OBLIGATIONS ARE PAID OFF.
Even if Washington were to pay off $1 BILLION per day, it would still take about 366 years before theyâre paid off.
The U.S. Federal deficit at $1.6 trillion
The officially recognized national debt at $12.1 trillion
$3.5 trillion owed to foreign investors
Unfunded national obligations of $106.5 trillion
Another $9 trillion in cumulative deficits over the next 10 years
At least another trillion dollars needed for health care reform!
Grand total: $133.7 TRILLION IN DEBT!
http://www.marketoracle.co.uk/Article15977.html
Even if Washington were to pay off $1 BILLION per day, it would still take about 366 years before theyâre paid off.
The U.S. Federal deficit at $1.6 trillion
The officially recognized national debt at $12.1 trillion
$3.5 trillion owed to foreign investors
Unfunded national obligations of $106.5 trillion
Another $9 trillion in cumulative deficits over the next 10 years
At least another trillion dollars needed for health care reform!
Grand total: $133.7 TRILLION IN DEBT!
http://www.marketoracle.co.uk/Article15977.html