The Financial Horizons
No Result
View All Result
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
  • Latest News
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
  • Latest News
No Result
View All Result
The Financial Horizons
No Result
View All Result
Home Economy

The unbelievable level of us federal debt

by
May 26, 2023
in Economy
0
The unbelievable level of us federal debt
0
SHARES
9
VIEWS
Share on FacebookShare on Twitter

`)
}

});

} else {

$(‘.blur’).css({
‘background’: ‘linear-gradient(95deg, #4e4e4e 25%, #000 45%, #bbb 75%, #FFFFFF 100%) 98%/200% 100%’,
‘text-transform’: ‘inherit’,
‘-webkit-background-clip’: ‘text’,
‘background-clip’: ‘text’,
‘-webkit-text-fill-color’: ‘transparent’
})

$(“.wpb_content_element”).append(`

Want to read more?

Click on the button below to access all premium content
articles by purchasing one of our educational packages

GET PREMIUM

`)

}

});

The unbelievable level of us federal debt.

As of writing this today, the United States (US) Federal Debt currently stands at $31.6 trillion per its records. That’s an awful lot of debt. The US Federal Government have even provided an online debt clock so that anyone can check it and see how it’s growing, should they need to. But what does this really mean? Can we even get a grasp of this huge figure? To be clearer, let us write this figure out in full. That would be $31,625,261,689,250 which works out at roughly $94,047 per head of the US population. And to get a better handle on $31.6 trillion, think of this example; a thousand seconds is about 16 minutes and 42 seconds, and a million seconds is about 11 and 1/2 days. A billion seconds is about 31 years and 9 months, and a trillion seconds is about 31,700 years. Now imagine 31.6 trillion, which would be just over one million years. And we started with a thousand seconds.
This amount of debt begs several questions and let us begin with this one. Is it a good idea for the US (or any country, for that matter) to be running up so much debt? This basically means that other parties (mainly countries in this case) are financing its lifestyle. Or to put it another way, the US is living beyond its means.
Let us begin with a touch of culture and see what a famous playwright had to say about this way of living. In Hamlet, William Shakespeare gives these words of advice concerning debt,

Previous Post

Pennsylvania Republicans zero in on 2 big names in bid to unseat Sen. Casey

Next Post

Private or national ownership railways in the united kingdom

Next Post
Private or national ownership railways in the united kingdom

Private or national ownership railways in the united kingdom

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent News

    Speaker Johnson surprised by Musk’s criticism of ‘big, beautiful bill’: He’s ‘flat wrong’

    Speaker Johnson surprised by Musk’s criticism of ‘big, beautiful bill’: He’s ‘flat wrong’

    June 4, 2025
    There’s a way to aid Gaza. I know, my foundation just helped deliver 7 million meals… without incident

    There’s a way to aid Gaza. I know, my foundation just helped deliver 7 million meals… without incident

    June 4, 2025
    Comer widens Biden ‘cover-up’ probe, seeks interviews with Anita Dunn and Ron Klain

    Comer widens Biden ‘cover-up’ probe, seeks interviews with Anita Dunn and Ron Klain

    June 4, 2025
    McDonald’s Snack Wrap is officially making a permanent return

    McDonald’s Snack Wrap is officially making a permanent return

    June 4, 2025
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: Thefinancialhorizons.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 thefinancialhorizons.com | All Rights Reserved

    No Result
    View All Result
    • Investing
    • Stock
    • Economy
    • Editor’s Pick
    • Latest News

    Disclaimer: Thefinancialhorizons.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 thefinancialhorizons.com | All Rights Reserved