Remember when the word "Million" conjured up visions of unbelievable luxury? Then, after many years, we started hearing the word "Billion," as in billionaire - someone who had amassed a fortune of ten hundred million dollars. Most of us couldn't begin to fathom such a number, but the number heard most today - especially when talking about our government's debt - is "Trillion," but what exactly is a "Trillion"?
The Heritage Foundation provided this visual which puts the number is a little better perspective:
Scary, isn't it? Try not to think about our $14.3 trillion debt (that will be left to our grandkids and their grandkids), or the $62 trillion in our unfunded liabilities (entitlements), or you could get very nervous - maybe even sick.
Rob Bluey of Heritage provides us with a few examples to help us begin to grasp the significance of the bigness of the "T" word:
One trillion = 1,000 billion
$1,000,000,000,000 (that’s 12 zeros)
At $45.8 million per year, LeBron James would need to work 21,843 years
Average life in the U.S. lasts 2.4 billion seconds
One billion seconds ago = 1979
One trillion seconds ago = 29,700 BC
It will be entertaining to watch and listen as the Democrats try to spin the "T" word during the 2012 election campaign (actually it will be surprising if they even mention it), and anyone who believes those Democrats will stop spending will believe anything.
Click on the link below to read the entire post by Rob Bluey in The Foundry, the Blog of The Heritage Foundation.
Just How Big Is $1 Trillion? | The Foundry