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News / Opinion / Letters to the Editor

Letter: National debt hard to fathom

By Terry Nichols, Vancouver
Published: January 15, 2019, 6:00am

Our national debt is now hovering at $22 trillion, but many of us don’t know how much that really is. So, look at it this way: it takes 1,000 one-thousand-dollar bills to total $1 million; then multiply that million by 1,000 to total $1 billion, then multiply that billion by 1,000 to total $1 trillion.

Just one example of the massive amount of money we’re dealing with: somehow spend $1 million every single day from the birth of Christ (about 2,000 years) to our current time and we’d still be well short of $1 trillion. And there’s still $21 trillion more to account for! Now that’s a whale of debt, and you can bet the interest on that much will be pretty impressive.

We could be on the brink of a severe financial crisis if things don’t go quite right, and when you consider the caliber of the person currently running our country, and those running our Congress, I’m starting to get worried. Are you?

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