Congratulations to all of us. Very soon, the US national debt will surpass Sixteen Trillion Dollars. We owe the money. We, of course, are the citizens of the United States of America.
We’ve allowed those representing us in Congress to create a debt so large that each and every tax payer owes more than $140,000. Each and every citizen – each man, woman and child – owes almost $51,000. Each citizen owes $12,330 just in interest on our loan. There is no one else to pay. We are the citizen debtors.
There’s lots of numerical information on our debt clock, and every figure is a record-breaking number. Our Federal tax revenue is $2.374 trillion, but our Federal spending is $3.584 trillion. Our two largest expense items are Medicare/Medicaid at $790 billion and Social Security at $744 billion. We can pay for neither. Our total personal debt is $15.767 billion.
Sixteen trillion dollars is a lot of money. Let me help you get it in your head. Twelve days is a million seconds, and a billion seconds is 31 years. A trillion seconds of time is 31,800 years. Neanderthals walked this earth one trillion seconds ago. Western civilization had not yet begun. The United States of American was not yet a dream.
Now our dream has turned into a nightmare. We owe sixteen trillion dollars. It makes my head hurt just to think about it. To me that seems a gargantuan, unmanageable and incomprehensible number. It seems to me, to be the madness of unprincipled, undisciplined and uncaring members of Congress. It seems that kind of problem, because it is.
There are three things you should know about this little problem. First, neither political party intends to pay off the debt. Second, our debt grows every day because we continue to borrow money and pay interest. Third, unless we take control, this behemoth will destroy America.
Sometimes we must look to the President for real leadership. Not THAT President!
The words of John F. Kennedy are more apt today than they were in 1960, when our debt was a paltry $286 billion: “Ask not what your country can do for you; ask what you can do for your country.”
And Thomas Jefferson is perhaps the only man Kennedy might invite to one-up him: This Founding Father spoke true wisdom with these words: “The principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large-scale.”
I’m sorry guys, but we have been swindled by the worst generation of politicians ever elected. We need to get their attention, and we need to stop spending money we don’t have. There are sixteen trillion good reasons to do so.
Ross Puskar is the author of Founding Fathers Know Best the political satire now available for sale at Amazon and Barnes&Noble. You can follow Ross on Twitter and Facebook and you can subscribe to his blog and you can like FFKB on Facebook.