We owe China and Japan over $1 Trillion dollars each. Thanks fellas.
The largest domination of U.S. Currency currently in print is a $100 bill. That bill measures 6.14 Inches long x 2.61 inches wide x 0.0043 inches thick. So, let's start with the smallest measurement, thickness, and see want a Trillion Dollars looks like.
It takes 10,000 $100 bills to equal one Million Dollars. That is a stack 43 inches or 3 ½ feet, tall. So, a stack of $100 bills that is worth one Billion Dollars would be slightly over 3,583 feet tall. That is a stack of $100 bills 2 ½ time the height of the 1,443 foot tall Empire State Building! A stack of $100 bill that equals one Trillion Dollars 678.66 MILES tall! That is correct, MILES!
Ok, let's go the other way. If you laid $100 bills end-to-end, one Million Dollars would stretch 5,116.67 feet. (Remember, 5,280 feet is one mile) An end-to-end line of $100 bills worth one Trillion Dollars would be 969,065 mile long! That is almost 39 times around the 24,901 mile circumference of the Earth!
One Trillion Dollars in $100 bills would weigh 22,026,431 pounds that is over 11,000 tons! It would take a fleet of 275 fully loaded tractor trailers to carry that much cash to the bank. Now you can visualize one trillion dollars!
Here are the facts as they were late 2010 and early 2011:
In the two years prior the Government had spent:
QE1 (Bush & Obama) $1.7 Trillion Dollars
QE2 (Obama) $1.5 Trillion Dollars
Health Care Reform (Obama) $0.94 Trillion Dollars
Total (that we are aware of) $4.14 Trillion Dollars
That is a stack of $100 bills over 2,800 MILES tall, weighing over 45,593 TONS which would require the IRS to purchase 1,139 tractor trailer trucks in order to collect it in taxes from YOU!
By the way, that data is over a year old now. Since then we have done the Banking and Regulatory Reform Act, The Student Loan Program, and various other Government programs which bring the amount spent by the Government in the past 3-½ years to over 6 Trillion Dollars!
This administration is seriously considering a QE3 of between 1 and 2 Trillion additional Dollars as I am writing this and within days, the Fed is going to do it's own program to "help out homeowners who are seriously underwater on their mortgages" which is expected to be another Trillion Dollars.
The reason some label our current House members a do nothing Congress is because the Tea Party elected people to stop the madness. Like it or not, this is what some of them have been trying to do. Not all of them - but enough of them have tried to apply the brakes. Add to the above in Obamas current proposed budget (after over 1000 days without one) is an item that he himself came up with - economic aid for the Arab Spring countries -- $770 million -- would go to establish a new "Middle East and North Africa Incentive Fund," the president said in his budget plan. Our money funding the Middle Eastern countries for an Incentive. How about you sign the pipeline deal to give us incentive to still buy gas before it hits $4 a gallon....buy from Canada or Arab states? They will sell the oil to China instead of us if we don't move forward....Mr. President, please stop the madness...stop the spending...stop appearing like you are attempting to tear our country apart at the seams.
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