ONE TRILLION DOLLARS
It's official, trillion is the new billion. No longer is government spending talked about in terms of a mere ten digits. With the recent flurry of government spending and bailouts another three zeros is required to pay all the rapidly increasing bills.
One trillion dollars is a number that few people can comprehend, let alone the $11.8 trillion dollar US National Debt (running debt clock below)...
Or how about our Government's Unfunded liabilities, which is > $100 trillion today - according to "Social Security and Medicare Projections: 2009," National Center for Policy Analysis, Brief Analysis No. 662, June 11, 2009 (link)
Ok, so how much is one trillion dollars?
Bottom line and takeaway from this post:
My friends, there is absolutely no way the American Gvt can pay for these obligations (bailouts, national debt, unfunded liabilities, etc) aside from a hyperinflationary blowout. This country is quietly/quickly being sent into receivership by the architects of the New World Order and over the next several years, Americans will suffer a collapse in their standard of living - caused by a collapse in the value of their currency (Dollar: Faltering Foundation of US Economic Strength).
Unless something is immediately done to drastically cut government spending and end the Federal Reserve system of unlimited credit, our future looks bleak.
3rd World America
Social Consequences of an economic meltdown