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To: TimF who wrote (437992)7/30/2011 4:58:24 AM
From: goldworldnet  Read Replies (1) | Respond to of 793964
 
I did the earth to the sun calculation some years ago, maybe 7 or 8. It's short of a trillion, but comes close. Practically speaking though it's the perfect representation to show how big a trillion is. I've waited for years for a columnist to pick up on it as an example of explaining the debt, but you are the only person I have read of making the same observation although I am sure there are others. :)

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To: TimF who wrote (437992)7/30/2011 3:21:22 PM
From: KLP2 Recommendations  Read Replies (1) | Respond to of 793964
 
You asked how many dollars $14.3 Trillion was........

Time to Raise the $14.3 Trillion Debt Ceiling

Published on March 28th, 2011
Posted by KD Martin in economy, Politics



Viral
More dollarss than galaxies in the Universe

As Congress turns its attention to the budget and the country’s fiscal situation, the debt ceiling debate that has been simmering underneath the surface could come to a boil in the near future.

The Treasury Department estimates that the United States will reach its debt limit between April 15 and May 31. Administration officials are ringing alarm bells and warning of dire consequences if the $14.3 trillion ceiling isn’t raised.

“Republicans in the Senate will not be voting to raise the debt ceiling unless we do something significant about the debt,” Senate Minority Leader Mitch McConnell, R-Ky., said earlier this month. “I don’t think he [Obama] has to lay out in public exactly what he’s willing to do, but we need to begin serious discussions, and time’s a wasting.”

Senate Republicans reportedly are working on a Balanced Budget Amendment, a Constitutional amendment that would require a balanced budget every year, as a condition to raising the debt ceiling.

The Tea Party’s influence could make negotiations more challenging, especially if the two parties and Obama cannot find a middle ground on how to cut entitlement programs.

Treas. Sec. Geithner warned that a failure to raise the debt limit would mean the government would not be able to make the payments on the current debt, which stands at $13.96 trillion. “Even a very short-term or limited default would have catastrophic economic consequences that would last for decades.”

dvorak.org



To: TimF who wrote (437992)7/30/2011 11:43:20 PM
From: ManyMoose  Respond to of 793964
 
I've done similar analyses, but my calculator can't handle the number of digits required anymore.