Financial Planning | Legislative / Regulatory | Technology & Social Media

Debt ceiling … or retractable roof?

That debt ceiling didn't stand a chance, did it?

And now that the United States has blasted through the $14.3 trillion debt barrier, politicians get to play their games and figure out how we can keep borrowing money and not pay it back. "Like we've always done," I'm guessing. The whole idea of a debt "ceiling" is pretty laughable, after all. Congress has raised that ceiling 10 times in the past decade. It's almost as if there's no ceiling at all.

Anyway, to commemorate the occasion, let's take a look at just a few of the things a mere $1 trillion will buy you, courtesy of the folks at WalletGenius and My favorite: The Miami Heat could pay LeBron James $20 million a year ... for the next 50,000 years.

View a full-size version of the graphic here.

Now, if you'll excuse me, I'm going to go balance my checkbook.

$1 Trillion


Bill Sheridan