What is a trillion dollars?

created 17/09/2003 - 22:55, updated 08/03/2009 - 19:36 by cybe
Printer-friendly versionPrinter-friendly versionSend to friendSend to friend

What's a trillion dollars?

A trillion dollars = $1,000,000,000,000.

That's 12 zeroes to the left of the decimal point. A trillion is a million million dollars.

The U.S. government spends more than the entire Gross Domestic Product (GDP) of Australia, China and Spain combined. If you laid one dollar bills end to end, you could make a chain that stretches from earth to the moon and back again 200 times before you ran out of dollar bills! One trillion dollars would stretch nearly from the earth to the sun. It would take a military jet flying at the speed of sound, reeling out a roll of dollar bills behind it, 14 years before it reeled out one trillion dollar bills.

What is frightening is that government will continue to grow in America unless citizens prevent it. If government stays on the course it's been on for the past forty years without a radical change, the federal government will have a $10 TRILLION BUDGET by the year 2010.

Foolish politicians make pronouncements about the strength of the economy. The total debt obligation of the United States now exceeds 46 TRILLION DOLLARS.

American workers now net almost 30 percent less in real wages than they did in 1973. After taxes, two paychecks in a family barely equal the purchasing power one had thirty years ago.

What does one TRILLION dollars look like?

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Anonymous's picture

The total debt obligation of

The total debt obligation of the United States now exceeds 46 TRILLION DOLLARS.

isn't that a bit high??

Anonymous's picture

no!

no!
coldymilligan's picture

Wealth is not going to be

Wealth is not going to be endless. There are a lot of very large amounts of money previously unimaginable what was about to be used as. http://www.craigcommunications.net/cloud-based-phone-system.asp

ollegastrap's picture

A very large sum of money

A very large sum of money will have for many people who work hard. But usually only those who have the ability to manage them will get rich. sro dph

KennethGrace's picture

I think there will be a lot

I think there will be a lot of people are looking forward to the amount of money in as many as there are in the house. But all of this takes a very long hard work to be able to collect it. beste camera

p6iud5uKIAvlaZ's picture

A trillion dollars is a lot

A trillion dollars is a lot of money. Lots and lots of money.
mayweather vs alvarez

AugustStar's picture

It's too large to be

It's too large to be explained. So just try to imagine it anyway.
cell phone recycling

michealhussy121's picture

I did enjoy reading articles

I did enjoy reading articles posted on this site. They are impressive and has a lot of useful information.
on-ear horlurar

coldymilligan's picture

I don't think if people can't

I don't think if people can't counting it. That's really a large amount of money.
Alaska Salmon Fishing

tacho6112's picture

Government acquisition of

Government acquisition of goods and services for current use to directly satisfy individual or collective needs of the members of the community is classed as government final consumption expenditure. blog

patsykearse's picture

This value makes a lot of

This value makes a lot of people have to immediately calculate more carefully. This is a tremendous value the presence and numbers a lot of zeros. Chapter 7 Bankruptcy Attorney Minnesota

CelyFrey's picture

It is one of the very large

It is one of the very large amount of money. There may not be many people who could read like this course because it is difficult. lexus wheels for sale

michealhussy121's picture

I was very pleased to find

I was very pleased to find this site.I wanted to thank you for this great read!! I definitely enjoying every little bit of it and I have you bookmarked to check out new stuff you post.fire hose testing procedures

TerrySlower's picture

This is the amount of money

This is the amount of money that is second to none. Who is the person who has such wealth? This is a huge amount.
http://www.gpluxuryrental.com/

Robert1s4's picture

Sometimes it is so hard to

Sometimes it is so hard to find good and useful posts out there when doing research. Now I will send it to my colleagues as well. Thank you for being one of them.
free vpn accounts

RoyBlew's picture

It is one of enormous value.

It is one of enormous value. There are many number of zeros can be added behind the main figure on the front. http://www.evpvacuum.com/Products/Roots-Vacuum-Pump.html

michealhussy121's picture

Hi there, I found your blog

Hi there, I found your blog via Google while searching for such kinda informative post and your post looks very interesting for me.
free sheet music

brandonshaque's picture

The zero must be so many. I

The zero must be so many. I almost don't know about how many is the zero.
free business advertising

JosepStephenson's picture

I can't imagine for having

I can't imagine for having such that much money. I can buy many things with it.
dow jones average

MichaelSam's picture

I think each people can

I think each people can giving different meanings for that. They can also use it for describing some large amount.
Rhinoplasty in Houston

FolarGold's picture

People will never stop in

People will never stop in working for money. But to reach that amount, I think we need luck and destiny.
flowers Matthews NC

dafasho's picture

Sam

Some times this is no why to do this going abroad here but some times no way out
samsung mobiles

http://alrazaak.com/forums/37-Samsung-Mobiles-Prices

michealhussy121's picture

I simply want to tell you

I simply want to tell you that I am new to weblog and definitely liked this blog site. Very likely I’m going to bookmark your blog . You absolutely have wonderful stories. Cheers for sharing with us your blog.
bolo de cenoura simples

KenMaster's picture

At least, that must be a

At least, that must be a large value of money. I can't imagine more than that.
swimming shirts

Anonymous's picture

ok, it's only 7 trillion or

ok, it's only 7 trillion or less. come on 46 trillion?

Anonymous's picture

Actually...

It is over 70 trillion. How do I get there?
Well, currently we have a debt of current spending of 11 trillion
We have a future payments debt(this means money that must be spent, but hasn't yet) of 54 trillion (social security, medicare, medicaid), and then all of the TARP, AIG, and other bailouts are on yet another book, and we know that is at least 3 trillion. Wake up, the USA is BROKE, unless we change the rules of how our Government spends money.

bethanyfacy's picture

This surely is the amount of

This surely is the amount of money that very much. There are many people who are not bona fide dream to be able to have the money in this fantastic amounts. Renton Auto Body

Anonymous's picture

What he is refering to is the

What he is refering to is the total US debt obligation,a and he is right, it far exceeds our ability to pay. If we ran our daily lives the way we allow our government to function, we would be in jail! Think about it, we let the government pile up debt and just pass it along. Its like saying "I want this $1,000,000 dollar home, but i cant afford it, but between me, my children, and their children, we will pay this sucker off one day". We need a hard ass business type like Donald Trump to come in and get our finances in order. Someone who is afraid to make tough choices. If we dont do it now we are doomed, its only a matter of time.

Anonymous's picture

typo lol....someone who ISN'T

typo lol....someone who ISN'T afraid :)

Anonymous's picture

its impossible to make 14

its impossible to make 14 trillion dollars

Jimmy21's picture

It really

It really is... http://www.topoptioneu.com/
Anonymous's picture

its impossible to make 14

its impossible to make 14 trillion dollars

Anonymous's picture

its impossible to make 14

its impossible to make 14 trillion dollars

Anonymous's picture

That is extremely scary. That

That is extremely scary. That type of money can wipe out world hunger in a heart beat. I think it is better to play 3d casino games than trust them

Anonymous's picture

Its 14 Trillion something.

Its 14 Trillion something. check out usdebtclock.org

Anonymous's picture

Its 14 Trillion something.

Its 14 Trillion something. check out usdebtclock.org

Anonymous's picture

With that much money, it is

With that much money, it is understandable that a small billion or two can disappear this way and that. They are just gambling online with our futures.

Anonymous's picture

True

That's true, but the real problem is the totally uneven distribution of wealth. The rich get richer, the poor get even poorer, and it's almost impossible to get a real job today.
Anonymous's picture

Money

....Who is the Uninted states of america in debt to ? thats $58,000.000 each man ,woman and child in america ....
Anonymous's picture

how much

its only 15 trillion according to the news in feb 29 2012

smithclare's picture

This unique content it seems

This unique content it seems to get so many page views. Opt for advertise it? This method provides great distinct pose concerning elements. Man generating point natural or just major to provide specifics of is central to the part.
structured settlements

lugi's picture

It is bit high. I earn 100

It is bit high. I earn 100 usd a months

---

From the treasures of natural gift , through the skillful hands of talented artisans , gemstones have been implanted into the picture with gems sparkling beauty , colorful
"tranh da quy" is an art luxury product , unique . The beauty of the painting is made up of the cute little gem , sparkling . As a second catch light so bright as each different angle , pearls on a picture will bring a new and different feel strange . Colors of the eternal pearl and precious stones crystallized over millions of years to keep the color of the durable competitive timeless ...
giay tang chieu cao vong co ngoc trai,nhan ngoc trai, ngoc trai.

cybe's picture

Looking into it

I did some looking into this. Here's what I've found out so far. I might look into it some more.


 

http://www.truthout.org/docs_03/053003A.shtml

 

Editor's Note | Many financial experts have warned that the massive budget deficits described in the article below will bankrupt this country for the next 25 years. One must also ponder whether the drafting of this report was the main reason Paul O'Neill was removed as Treasury Secretary. - wrp


Economy
White House Shelved 44 Trillion Deficit Report?
By Peronet Despeignes of the Financial Times
Thursday 29 May 2003

Study commissioned by O'Neill sees $44 trillion in red ink

The Bush administration has shelved a report commissioned by the Treasury that shows the U.S. currently faces a future of chronic federal budget deficits totaling at least $44 trillion in current U.S. dollars.

The study, the most comprehensive assessment of how the U.S. government is at risk of being overwhelmed by the “baby boom” generation’s future healthcare and retirement costs, was commissioned by then-Treasury secretary Paul O’Neill.

But the Bush administration chose to keep the findings out of the annual budget report for fiscal year 2004, published in February, as the White House campaigned for a tax-cut package that critics claim will expand future deficits.

The study asserts that sharp tax increases, massive spending cuts or a painful mix of both are unavoidable if the U.S. is to meet benefit promises to future generations. It estimates that closing the gap would require the equivalent of an immediate and permanent 66 percent across-the-board income tax increase.

The study was being circulated as an independent working paper among Washington think-tanks as President George W. Bush on Wednesday signed into law a 10-year, $350 billion tax-cut package he welcomed as a victory for hard-working Americans and the economy.

The analysis was spearheaded by Kent Smetters, then-Treasury deputy assistant secretary for economic policy, and Jagdessh Gokhale, then a consultant to the Treasury. Mr. Gokhale, now an economist for the Cleveland Federal Reserve, said: “When we were conducting the study, my impression was that it was slated to appear [in the Budget]. At some point, the momentum builds and you think everything is a go, and then the decision came down that we weren’t part of the prospective budget.”

Mr. O’Neill, who was fired last December, refused to comment.

The study’s analysis of future deficits dwarfs previous estimates of the financial challenge facing Washington. It is roughly equivalent to 10 times the publicly held national debt, four years of U.S. economic output or more than 94 percent of all U.S. household assets. Alan Greenspan, Federal Reserve chairman, last week bemoaned what he called Washington’s “deafening” silence about the future crunch.

President Bush signed into law a $350 billion tax-cut package on Wednesday saying:‘ ‘We can say loud and clear to the American people: You got more of your own money to spend so that this economy can get a good wind behind it.”

The estimates reflect the extent to which the annual deficit, the national debt and other widely reported, backward-looking data are becoming archaic and misleading as measures of the government’s solvency. Mr. Smetters, now a University of Pennsylvania finance professor, said tax cuts were only a fraction of the imbalance, and that the bigger problem “is the whole [budget] language we’re using.”

Laurence Kotlikoff, an expert on long-term budget accounting, alleged in a recent Boston Globe editorial that the Bush administration suppressed the research to ease passage of the tax-cut plan.

An administration official said the study was designed as a thought-piece for internal discussion — one among many left every year on the cutting-room floor — and noted the budget’s extensive discussion of projected, 75-year Social Security and Medicare shortfalls.

(In accordance with Title 17 U.S.C. Section 107, this material is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes.)


 

Here's a bit from a press briefing by Ari Fleischer where he says the report is isn't true.

http://www.whitehouse.gov/news/releases/2003/05/20030529-4.html

............Q Can you clarify -- there's a report out of the Financial Times out of London that says -- the Treasury Department, that former Secretary O'Neill had commissioned a report to evaluate the federal deficit, they came up with a figure of $44 trillion, and that that report was shelved in the budget of 2004. Is that accurate?

MR. FLEISCHER: Yes, that's an erroneous report. There's nobody at Treasury who was involved in this. I think there may have been some retired people, people who left Treasury, who had some thoughts. But we agree with their thoughts. If you take a look at President Bush's own budget, you'll find in the budget President Bush submitted to the Congress, the President warned about these long-term structural deficits -- it was a chapter called, "The Real Fiscal Danger" -- on page 31 of the President's own budget where he warned that Social Security and Medicare and the nation's entitlement programs are creating a tremendous burden of debt on the next generation of Americans, which is why entitlement reform is so necessary.

This is why the President wants to create a system of social security based on personal accounts on a voluntary basis, to relieve that crushing debt. There is no question that Social Security and Medicare and the nation's entitlement programs are going to present next generations with a crushing debt burden, unless policymakers work seriously to reform those programs.

Q So just to be clear, the Treasury Department did not commission that study?

MR. FLEISCHER: You can talk to Treasury about it, but my understanding is there is nothing like this underway at Treasury, and nobody working at Treasury has been working on this. There may have been some people in a private capacity outside of the Treasury Department who worked on various projects, but those are not federal employees............

Anonymous's picture

too bad the middle class

too bad the middle class gets stuck with this bill. isn't something that our government wants to cut taxes for the poor and the rich corporations.
Anonymous's picture

A billion is really a

A billion is really a Bi-Million ie million 6 x 0s, Bi-Million 2 x 6 0s = 12 0s

A trillion likewise, Tri-Million 18 x 0s

But the yanks bless their cotton little socks, couldn't cope with that so we have the Billion 9 x 0s and Trillion 12 x 0s. Why did they have to confuse things.

Anonymous's picture

Because we won the war.

Because we won the war.

Anonymous's picture

Which war would that be?

Which war would that be?

Anonymous's picture

because

because otherwise we'd be saying "a hundred thousand million," and that's just idiotic.

Anonymous's picture

the 44 trillion was in

the 44 trillion was in "current us dollars" in the value of that has gone done alot so it is probably about three times that with the drop of the dollar and sepending in iraq

Anonymous's picture

One Trillion Dollars

Do Not, Repeat, DO NOT Put all the Blame on President George W. Bush. He is only one(1) person. As the President, He is battling with 535 members of Congress., whom writes the bills and spends the money.

Take a Darn Good Look at who's been The House of Reps or the US Senate, their positions, and how long they have been in there.

In the quest of Honesty, lets be honest, and put a way all the B.S.

Sad Thing is, is that we, the American People, always vote the same idiots in there year after year, decades after decades., Never seen a ""POOR"" Politican yet, has anyone else seen a ""Poor""politican yet.? I doubt it.

Used to have a saying., screw me once shame on you, screw me twice, shame on me !!!!

Post new comment

The content of this field is kept private and will not be shown publicly. If you have a Gravatar account, used to display your avatar.
To prevent automated spam submissions leave this field empty.
By submitting this form, you accept the Mollom privacy policy.
Syndicate content