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Message:: [QUOTE="Hobo, post: 1302218, member: 11521"]15 Trillion is a meaningless number to many people so they have no comprehension how much $15 Trillion really is. Think of $15 Trillion as 15 Thousand Billion dollars. Or 15 Million Million dollars. Fifteen Million dollars is a lot of money. Fifteen Million Million dollars is a HUGE amount of money. With a current US population of 311,800,000 people (that is 311.8 million) that means that the share of the federal debt for each and every citizen of the US is $48,107.76. The share of the federal debt for a young couple is $96,215.52. The share of the federal debt for a family of four is $192,431.05. The population of the earth recently reached 7 billion. If every person on the planet chipped in $2,142.86 the US could pay off their debt. But we all know that ain't gonna happen. The federal debt is increasing at an alarming rate. For FY (that's Fiscal Year in case you don't know) 2011 the US federal government had revenues of $2.17 Trillion and expenditures of $3.82 Trillion leaving a deficit of $1.65 Trillion (or another $5,291.85 for every US citizen). So, for every $1 that the US brought in it spent $1.76. Another way to look at it, the US federal government borrowed 43.2% of every dollar it spent in FY 2011. Does anyone really believe the US will ever pay off its debt? I certainly do not think so.[/QUOTE]