By AWM
U.S. National Debt Clock : Real Time (usdebtclock.org)
Most Americans know that the US debt is staggering and mind-boggling. And those of us with more than two functioning brain cells know that it’s currently just a tick under $34 TRILLION (see linked US National Debt Clock).
Most of us will never experience what it feels like to have $1 million in investable assets, much less a billion… or a trillion (a thousand billion). But if you equally ascribe the country’s debt to each American right now (including newborns, toddlers*, and teenagers), you – my fellow SS denizens – are each currently on the hook for just over $102,400. If you only include those 18 years old and older, be ready to fork over just under $132,000. What? You don’t have that lying around? Most of us don’t. Those of us who even have an emergency fund only have a little less than $17,000 in it. Needless to say, this staggering, colossal debt will NEVER be paid. The lefty loons often scream, “Make the rich pay it!” Okay, how much – in total – do the Forbes 400 Richest Americans collectively hold? $4.5 trillion ( The 2023 Forbes 400 List Of Richest Americans: Facts And Figures) . So, loons, even if you confiscated EVERY PENNY from those 400, you’d only cover a measly 13% of the debt owed.
How about a couple of “close your eyes and imagine” examples to illustrate just how much $34 trillion is? A stack of 34 trillion one-dollar bills would reach just over 2.3 million miles high. Just how far is 2.3 million miles? Well, you could make about 5 round trips to the moon and you’d cover about 2.3 million miles. Or you could circumnavigate the earth at the equator. More than 92 times.
In other words, we’re up the proverbial creek without a paddle, my fellow SS denizens. Everyone: “You’re gonna need a bigger boat!”
*I’m leaving out familiar names to protect the guilty