Friday, February 20, 2009

How Much is a $2.5 Trillion Deficit?

James Quinn at Financial Sense.

The annual deficit for 2009 is now estimated at between $2 trillion and $3 trillion give or take a few hundred billion. These figures seem incomprehensible to the average person on the street. Some perspective is in order. If we use $2.5 trillion as the estimated deficit that means:

*We’re adding $6.85 billion per day to the National Debt
*We’re adding $285 million per hour to the National Debt
*We’re adding $475,000 per minute to the National Debt

Have a great $14 Billion weekend everyone!

Source: Financial Sense via Infectious Greed

No comments:

Post a Comment