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Do you really understand the size of the US debt?

Money Magazine’s Ross Greenwood gives an intersting insight into the size of the USA debt. He explains it this way…

Think of a pile of US one-dollar bills. Raise your stack of greenbacks to the moon (384,000 kilometers) and bring them back to earth again. Send your pile back to the moon. Now bring it back to earth again. That’s US government debt.

Another way:

Stack your pile of bills back (232 make one-inch brick) and send it around the world. Once your stack gets back to where it starts, do it again.

In fact, do it another 38 times.

That’s how much $US trillion is.

The message is that killing Osama bin Laden will not pay off US government debt. Several things will: higher inflation, hard work or higher taxation.

The US government – and its people – seem reluctant to embrace two of these three measures.



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Michael is a director of Metropole Property Strategists who help their clients grow, protect and pass on their wealth through independent, unbiased property advice and advocacy. He's once again been voted Australia's leading property investment adviser and his opinions are regularly featured in the media. Visit Metropole.com.au


'Do you really understand the size of the US debt?' have 1 comment

  1. Avatar for Property Update

    August 23, 2012 @ 11:00 am Shayne Fergus

    I think they US are embracing 2 of the 3. I’m sure many unemployed citizens are more than happy to work “hard” if only they could work and those that are working have increased productivity significantly to the benefit of the corporations they’re employed by. The US does not have the political will to increase taxes, even those recent reductions legislated by Bush and in particular no desire to have the super wealthy pay their share. The rich get richer and the poor getter poorer in the “land of the free”! Devaluation and inflation will solve the problem.

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