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One Giant Debt for mankind.... (Read 1630 times)
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One Giant Debt for mankind....
May 24th, 2011 at 12:04am
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U.S. national deficit would reach almost to the moon if piled high in $5 bills
Quote:
President Ronald Reagan once famously said that a stack of $1,000 bills equivalent to the U.S. government's debt would be about 67 miles high.

That was 1981. Since then, the national debt has climbed to $14.3 trillion. In $1,000 bills, it would now be more than 900 miles tall.

In $5 bills, the pile would reach three-quarters of the way to the moon.

The United States hit its legal borrowing limit today and the Treasury Department has said the U.S. Congress must raise the debt ceiling by August 2 to avoid a default.

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