How concerned should we be about America’s $28 trillion debt?
America has a problem. Well, almost 28,000,000,000,000 problems.
The national debt has ballooned to an astounding 27.9 trillion dollars. To put in perspective of just how much money that is, consider this.
If you were to stack $100 bills on top of each other, one million dollars would be around the three feet mark – about the height of a chair or a toddler.
And if you keep stacking the $100 bills, eventually past the peak of the world’s tallest building, going a little over half-a-mile into the air, this would be one billion dollars.
But we’re going for a trillion.
This would have you stacking $100 bills into the stratosphere and past the International Space Station. You would have to stack these bills 631 miles above Earth’s crust. That would equal one trillion dollars. Now imagine 28 stacks of 631 mile-high $100 bills.
That’s America’s debt.Continue reading “US Debt Passes 28 Trillion for First Time”
Former Secretary of State George P. Shultz, a titan of American academia, business and diplomacy who spent most of the 1980s trying to improve Cold War relations with the Soviet Union and forging a course for peace in the Middle East, has died. He was 100.
Shultz died Saturday at his home on the campus of Stanford University, where he was a distinguished fellow at the Hoover Institution, a think tank, and professor emeritus at Stanford’s Graduate School of Business.
The Hoover Institution announced Shultz’s death on Sunday. A cause of death was not provided.
A lifelong Republican, Shultz held three major Cabinet positions in GOP administrations during a lengthy career of public service.
He was labor secretary, treasury secretary and director of the Office of Management and Budget under President Richard M. Nixon before spending more than six years as President Ronald Reagan’s secretary of state.Continue reading “George Shultz, American statesman who sought Mideast peace and end to nuclear arms race, dies at 100”