We kicked butt in the Olympics and landed on Mars. It’s been a pretty good month of the United States but with the elections coming up around the corner our economy has become a major battle between Romney and Obama. The fact is our great country owes a lot of money. U.S. debt is larger than the size of the economy and the debt ceiling is currently set at $16.394 Trillion, estimated to be hit around September 14, 2012. To put it in prospective take a look at the infographics below that shows the sheer physical size of our debt. It is going to take a great leader to start chipping away at this skyscraper sized pile of debt so stay informed and try to make the right decision in November.
One Hundred Dollars
$100 – Most counterfeited money denomination in the world. Keeps the world moving.
Ten Thousand Dollars
$10,000 – Enough for a great vacation or to buy a used car. Approximately one year of work for the average human on earth.
One Million Dollars
$1,000,000 – Not as big of a pile as you thought, huh? Still this is 92 years of work for the average human on earth.
One Hundred Million Dollars
$100,000,000 – Plenty to go around for everyone. Fits nicely on an ISO / Military standard sized pallet. The couch is worth $46.7 million. Made out of crispy $100 bills.
One Billion Dollars
$1,000,000,000 – You will need some help when robbing the bank. Interesting fact: $1 million dollars weights 10kg exactly. You are looking at 10 tons of money on those pallets.
One Trillion Dollars
$1,000,000,000,000 – The 2011 US federal deficit was $1.412 Trillion – 41% more than you see here. If you spent $1 million a day since Jesus was born, you would have not spent $1 trillion by now… but ~$700 billion- same amount the banks got during bailout.
One Trillion Dollars
Comparison of $1,000,000,000,000 dollars to a standard sized American Football field. Say hello to the Boeing 747-400 transcontinental airliner that’s hiding in the back. This was until recently the biggest passenger plane in the world. You can see the White House with both wings to the right.
$16.394 Trillion – 2012 US Debt Ceiling
The US debt ceiling limit D-Day is estimated for September 14, 2012. US Debt has now surpassed the size of US economy in 2011– rated @ $15,064 Trillion. Statue of Liberty seems rather worried as United States national debt is soon to pass 20% of the entire world’s combined economy (GDP / Gross Domestic Product).
122.1 Trillion Dollars
$122,100,000,000,000. – US unfunded liabilities by Dec 31, 2012. Above you can see the pillar of cold hard $100 bills that dwarfs the WTC & Empire State Building – both at one point world’s tallest buildings. If you look carefully you can see the Statue of Liberty. The 122.1 Trillion dollar super-skyscraper wall is the amount of money the U.S. Government knows it does not have to fully fund the Medicare, Medicare Prescription Drug Program, Social Security, Military and civil servant pensions. It is the money USA knows it will not have to pay all its bills.