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July 30, 2011

Want to know what $15 trillion looks like?

Natalie Gonnella
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$15 trillion is a staggering amount money, and if the US continues on it's current fiscal path US national debt will topple that figure by Christmas 2011.

As elected leaders attempt to forge a budget deal with just days to go before a US default (and credit downgrade), Los Angeles based engineer Oto Godfrey offers an interesting look at the current debt dilemma. Employing the Statue of Liberty and increments of $100 bills as a means of comparison, Godfrey's infographics provide an extremely worrying visual of the country's fiscal future.

Screen shot 2011-07-30 at 18.17.25

Godfrey's full visual comparison (including a NYC skyline look at unfunded liabilities) is available to view here.

Posted at 01:37 PM in Congress, Debt, Deficit, Economy, Federal spending, House of Representatives, Medicaid, Medicare, Obama, Republican party, Senate, Spending cuts, Tax policy |

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