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| $2.4 Trillion In Perspective | August 3rd, 2011 |
Politicians just gave themselves permission to take us another $2.4 trillion in debt. How much is that, really? Here's a brief historical perspective.
- American Revolution
- Founding of the United States of America
- War of 1812
- Mexican-American War
- Civil War
- Spanish-American War
- World War I
- World War II
- Rebuilt Europe
- Korean War
- Vietnam
- Creation of strongest military in the history of mankind
- Built interstate highway system
- Multiple space probes to planets throughout the solar system
- Six manned landings on the moon
And after the United States of America had done all of the above over the course of our first 211 years--from 1776 to 1987--our debt was still just $2.35 trillion in September 1987.
But we're going to increase our debt by another $2.4 trillion in about the next year and a half... more than we did in our first two centuries as a country!
Do you think we're going to build a brand new interstate system over that period of time? Witness even a single manned landing on the moon or Mars?
After we blow another $2.4 trillion, what do you think we'll have to show for it?
Just something to think about.
NOTE: Yes, I understand how inflation factors into the above. But that just illustrates yet another problem our country faces: The devaluation of our currency.
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