Try this:
Google the thickness of the rag/paper that the BOE uses to make paper money.
Pretend that the BOE still prints $1000 bills (Nixon stopped it).
Calculate how deep a pit would be required to bury 3 stacks of $ 1000 bills as follows:
1.) 1 million dollar value;
2.) 1 billion dollar value;
3.) 1 trillion dollar value.
Then sit down and sip on a Shiner Bock, maybe two - - -
A dollar bill is .10mm thick; at 2.54 cm/in, 1 inch = $254, 1 foot = 12 * 254 = $3048
The deficit for this year = $1.3 TRILLION; can’t call it a budget deficit, because the Senate hasn’t passed a budget in 1068 days.
Deficit/day = $1,300,000,000,000/365.25 (in round numbers)
= $3,559,206,023 = $3.6 BILLION/day borrowed
/hour = $148,300,250 = $150 MILLION/hour borrowed
/min = $2,471,671 = $2.5 MILLION/minute borrowed
/sec = $41,195 = $41.2 THOUSAND/second borrowed
Converting into feet, the deficit is increasing at a rate of
41,195/3048 = 13.52 feet/sec
13.52*60 = 810.92 feet/min
810.92 * 60 = 48,654.94 feet/hr or, in MPH,
48,654.94 / 5280 = 9.22 MILES per hour
Or, looked at another way, since Nancy Pelosi took office, the debt has nearly doubled, from $8.6 TRILLION to $16 TRILLION ($7.4 TRILLION increase)
The average distance from the Earth to the moon is 238,857 miles.
Converting from miles to feet, we get
238,857 * 5280 = 1,261,164,960 feet
Converting the distance to the moon in dollars
1261164960 * $3048/foot = $3,844,030,798,080
Converting this figure into lunar distances (trips to the moon)
7,400,000,000,000 / 3844030798080 = 1.925 trips
THAT IS, a stack of dollar bills representing borrowing since January 2007 (NOT spending)
= almost from the equator to the moon and back
At current rates of borrowing the stack will return to earth in
2-1.925 = .075 lunar distances
.075*238857 = 17,900 miles
17,900 miles / 9.22 MPH = 1941.36 hours
1941.36 = 80.89 days
In other words, our hypothetical stack o’ debt (TM) will get back to EARTH around July 25, 2012 - and begin its next orbit.
And this debt is being financed by the Fed buying 61% of all debt issued, at extraordinarily low interest rates. When interest rates go up, the rate of increase in the debt will increase, too.
And this debt does not include any state or local debt, or the unfunded pension liabilities of government workers...
Cloward-Pivin aims for the collapse of society; now it is not a question of IF, merely WHEN...