National Debt crosses 13 Trillion
Posted: Fri Jun 04, 2010 10:31 am
Just thought I'd mention that the national debt crossed the 13 trillion mark. To put this in some kind of perspective, Greece's catastrophic debt is around 330 billion. Our nation is 43.3333333 times more in debt.
To put $13 trillion in perspective: It would buy 16,270,337,922 top-of-the-line iPads, 34,210,526 Rolls Royce Phantoms, or 83 Googles at its current market cap.
Here is a good article that compares the US to Greece, and attempts to explain the much misunderstood intra-governmental debt.
http://www.briefing.com/GeneralContent/ ... OfTheCurve
To put $13 trillion in perspective: It would buy 16,270,337,922 top-of-the-line iPads, 34,210,526 Rolls Royce Phantoms, or 83 Googles at its current market cap.
Here is a good article that compares the US to Greece, and attempts to explain the much misunderstood intra-governmental debt.
http://www.briefing.com/GeneralContent/ ... OfTheCurve