When it comes to understanding the nation’s debt it really boils down to just two choices. We can all be ignorant, thus reliant or we can all be informed, thus responsible. I’ve learned something very valuable during my years of doing this kind of research. If people can’t understand you… it doesn’t matter what you said. I want to provide you with what might be described as a tool to understanding. This tool was fashioned to be used as an aid in providing a clear understanding of just how serious this debt issue is.
Most human beings can’t grasp the actual reality of large numbers. Millions, Billions or even Trillions… they all sound about the same. All seem to roll right off a person’s tongue with little or no effort. However what’s dangerous is these same words come out with little or no concept of how large they actually are.
Centuries ago astronomers understood that we cannot comprehend large numbers. They discovered that we don’t have an emotional feeling for them. Billions Trillions they don’t really mean anything to us. Astronomers converted “long distances” into something else that the people could actually understand and changed long distances into something called light years… the distance light could travel in one year’s time. When an astronomer stated that it took one year for light to travel between two distances people understood that’s a huge distance. Since we all understand the concept of time then it makes sense that if words were translated into increments of time we would all understand. We understand the concept of time because we’re finite beings here for a specific amount of time. It comes natural to us as we all have a beginning and and end.
What follows has nothing to do with being a democrat or a republican. This is just hard fact… these are only numbers. So let’s convert dollars to seconds and begin this little experiment.
One Million seconds = 12 days.
One Billion seconds = 32 years.
One Trillion seconds = 32,000 years.
U.S. debt is currently 16 plus Trillion and climbing.
That’s 512,000 years in seconds.
Unfunded U.S. obligations just over 100 Trillion!!!!
That’s 3,200,000. YEARS In seconds
At a payback rate of one dollar per second it would currently take 512,000 years to pay off the deficit and an unbelievable three MILLION two hundred thousand years to wipe the whole slate clean. I now trust this creates a completely different picture. God I feel sick right about now and you should to.
So the next time when you have your President who says during an interview “America does not have a debt problem. We’re capable of servicing the current levels of debt” understand that you’re dealing with a person who doesn’t understand this, doesn’t appreciate this or who is just plain uninformed.
When the President is attracting attention about the latest plan to curb the nations spending… how it will save 7 BILLION DOLLARS over the course of the next 8 years this is what’s actually being accomplished. While this may sound good if you use the tool and convert the words to increments of time will once again paint a completely different view. You’ll soon discover that this great plan is actually saving only 17.5 DAYS of INTEREST over the next eight years and I’m not even compounding the interest or you’re way past dead in the red. You’d be well served by understanding this.
The true meaning of “apocalypse” is dated back to ancient Greece. Its meaning is the uncovering or the disclosure of knowledge. Apocalypse NOW!! And no I’m not referring to the title of a movie. Until next time this is Barry in DR.