Consequences of $11.3 Trillion US Debt

As of June 1, 2009,the U.S.national debt stands at $11.3 trillion dollars, a number greatly increased by the Obama/Bush regime's economic policies.  As Frederic Bastiat points out in his famous essay, That Which Is Seen, and That Which Is Not Seen, the costs of government economic activity (parasitism) divert important resources from individuals to nonproductive activities.  These consumptive expenditures, not to mention the resulting inflation, only further exasperate the destruction of wealth..

 

If this money were not trapped in government waste and future taxation, here are some hypothetical investments that could result:

 

132,530,120,482barrels of oil

                   -or-

1,148,105,625.71ounces of gold

                   -or-

Payoff the national consumer debt 4.41 times

                    -or-

Send18,809,013 people to the most expensive college in the US

 

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