TOTAL DEBT: $31,462,154,854,903
That was U.S. debt in dollars somewhere in the middle of writing this, well before these words could reach your eyes. To most people, it’s just a great big number. The difference between a billion and a trillion and a jillion is numerology: Someone will ascribe significance to it, but it's too abstract to have meaning.
To put matters in perspective, we can divide that very long number by 325 million, which is approximately the U.S. population. Now the results will be a little more concrete: $96,806. That is the bill the federal government will hand my three-year-old daughter, Sophia—that is, unless her children end up with it, too. It's an amount she might have used to pay too much for college loans. Of course, it’s not just Sophia's bill. It’s the bill of every man, woman, and child in America.
I don't know about you, but I don't have that kind of money.
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