Trillions and Trillions served

One thing I’ve always thought funny, in a historical way, is the Great Depression. The Great Depression affected not only the United States, but the entire world. President Roosevelt tried to set things right with his New Deal programs. World leaders around the world also had their own ideas.

But, do you know what ended the Great Depression? World War II. Because Hitler invaded Poland and everyone declared war on Germany, the US and other countries started headfirst into war production: making tanks, uniforms, firearms, grenades, drafting soldiers, etc. All over the world this was going on.

For all the evil Hitler did, he ended up doing what Roosevelt could not, he ended the Great Depression.

Then, after the war, in the 1950s, the US entered one of the most prosperous times it’s ever been in. Slowly, things started back down… what was it, Black Tuesday? In 1987, that was one thing that required the market to be shaken up, then things were pretty good, then in 2000 or so, the “dot com bubble” burst.

Whether or not the President is fully responsible for the country’s economic well-being, I do know that things were great when Clinton was President, but started dripping down after Bush came to power. How much can be blamed on each man differs depending on who is posing the argument.

In 1989, the National Debt was 2.7 trillion dollars. When Bush took power in 2000, the Debt was at 5.7 trillion. Currently it’s over 9 trillion. When Bush leaves office in Janurary, it will be over 10 trillion.

That doesn’t look like much, right? Ten Trillion, here, let’s write it out in long form:

$10,000,000,000,000.00

How much is this exactly?

At its current level, the National Debt is over $30,000 per person in the United States.

For $10,000,000,000,000.00 you could:

1. Give each person on the planet $1,666.66 to do with as they please.
2. Buy the world a Coke. And have enough money left over to buy the world lunch and dinner too.
3. Everyone in the world could use the money to learn a skill.

Clearly, the uses for that kind of money far outweigh the length and scope of this post.

2 Responses to “Trillions and Trillions served”

  1. I recently came accross your blog and have been reading along. I thought I would leave my first comment. I dont know what to say except that I have enjoyed reading. Nice blog.

    Tim Ramsey

  2. The real kicker on this is of course the interest payments we shell out each year. In Fiscal Year 2006, the U. S. Government spent $406 Billion of your money on interest payments* to the holders of the National Debt. Compare that to NASA at $15 Billion, Education at $61 Billion, and Department of Transportation at $56 Billion.

    Congress people should be all over that. Pay off the debt and think of the field day they’d have with the money saved on interest!

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