Deep in debt
September 10, 2011
A friend recently mentioned that he couldn't get his head around how much money is owed by the Government and ultimately by us the taxpayer.
Having given this some thought I figured on a simple solution.
A Bermuda $100 dollar note is 5.5 inches long. Government is paying about $200,000 per day in interest. That would be 2,000 $100 bills and if laid end to end would stretch from the front door of the Cabinet Building all the way to the Flagpole give or take a few thousand dollars. Daily!
Most reports have our official national debt pegged at $1.1 billion. Using the same $100 bills placed end to end would stretch a very long way indeed.
It would in fact stretch from the Cabinet Building a total distance of 955 miles! Again 955 miles! Think Savannah, Georgia. Think San Juan, Puerto Rico. Think Moncton, New Brunswick.
How on God's green earth did we get into this hole? Who put us there? Did we get value for this obscene spending? Is there any way out? How many decades will it take to repay?
We all know the answers.
CHANGE IS WAY OVERDUE