TheEconomicCollapseBlog , perhaps one of the best blogs on this topic, has a sobering article regarding this very issue, entitled: 17 National Debt Statistics Which Prove That We Have Sold Our Children And Grandchildren Into Perpetual Debt Slavery.
The top 5 of these 17:
#1 As of December 28th, the U.S. national debt was $13,877,230,355,933.00.Frankly, I wish every senator, congressman, mayor, governor and other polician in this country could read this article. Then again, even if they read it, the skeptic in me wonders how many of them would really care anyway. If our national leaders really cared, they simply wouldn't have allowed our national debt to continue to mushroom to the near-disatrous proportions it is at now.
#2 If the federal government began right at this moment to repay the U.S. national debt at a rate of one dollar per second, it would take over 440,000 years to pay off the national debt.
#3 If the federal government began repaying the national debt at a rate of $10 million dollars a day it would take approximately 3,800 years to pay off the national debt.
#4 Today, the U.S. national debt is increasing by roughly 4 billion dollars every single day.
#5 The U.S. government is borrowing approximately 2.63 million more dollars every single minutes.
But for any of my readers who care, I provide this article for you to consider:
From The Economic Collapse Blog:
17 National Debt Statistics Which Prove That We Have Sold Our Children And Grandchildren Into Perpetual Debt Slavery
What we have done to future generations over the past 30 years is absolutely criminal. 30 years ago the U.S. national debt was a bit under one trillion dollars, and at that time it was considered a huge national crisis. Today, the national debt is 14 times larger and the years ahead look absolutely apocalyptic at this point. We have literally sold our children and our grandchildren into perpetual debt slavery. We have accumulated the biggest mountain of debt in the history of the world, and our children and our grandchildren will be burdened with it for the rest of their lives. All of our politicians keep talking about how it is vitally important that we do something about all of this debt "soon", but they just can't seem to stop wildly spending our money. They keep telling us that now is not the time for deficit reduction because it would harm "the economic recovery", but the "right time" for deficit reduction never seems to come along. The national debt statistics in this article are meant to shock you. Hopefully they will shock you enough to actually take action. Up to this point, the vast majority of Americans have been extremely apathetic about the horrific crime that we are committing against future generations.
How would you feel if you found out one day that your parents had run up a million dollars in debt that now you were obligated to pay off?
Would you be absolutely furious?
Full article here: