$11 trillion...

It’s funny how $1 billion doesn’t sound like a large amount of money anymore. With the government’s spending getting completely out of control, I guess all we can do is sit back and hope that it all works out, right? We currently have over $11 trillion in national debt and it made me think, who do we owe this money to? And how and when are we going to pay it back? Turns out the government owes this money “to the public (state governments, corporations, individuals, and foreign governments). Intragovernmental holdings are debt that is created when the government borrows from various federal agencies such as the Social Security Administration.”

Now, the first entities are fairly obvious. But wait… does the government really have a tab with Social Security? All I’ve heard about Social Security is that it’s going to run out. Now, obviously there is a small interest rate tacked onto that and the funds do need to be invested because the next generation’s payments alone aren’t enough to keep it afloat (sort of a giant Ponzi scheme if you ask me). But is the government still good for that? Or will we top Madoff for the biggest Ponzi scheme of all time?

I guess we can do what we’ve been doing and continue to print more money… Hello Inflation! I just wonder who is going to be left without a chair when the music stops…

I found this slideshow that I thought was interesting. Take a look… What does $1 TRILLION look like?

Our national debt, it's kinda like... -D-