Thursday, July 29, 2010

THE NATIONAL DEBT HAS GONE UP BY $1 TRILLION HIS YEAR . . . HERE'S WHAT ELSE THAT COULD BUY:

So far in 2010, the federal government has rung up a brand new ONE TRILLION DOLLARS in debt.

--That brings our national debt to just over $13 TRILLION . . . meaning we've spent 13 trillion more dollars than we've taken in. To put things in perspective, here's what we could've bought with the $1 TRILLION that's been added to the debt this year.

--66 million new Honda Civics, which is about one for every five Americans. (--Valued at $15,000.)

--5.57 million new American homes. (--Valued at the current median single-family home price of $179,400.)

--Wiping out 100% of the credit card debt held by Americans . . . and still having a few hundred billion dollars left over.

--One year's salary for 14.7 million teachers. (--At $68,000 per year. That seems high to us but that's the National Average. Believe me... We KNOW Idaho teachers are underpayed by comparison.)

--1.33 trillion bags of M&Ms.

(Yahoo Finance)

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