How do you pay back $10 trillion?

Published 12:00 am Wednesday, September 2, 2009

All of us — well, the great majority of us — have bills to pay. Some of us do it with more ease than others, but the fact remains that when the stack of bills is higher than the stack of currency, we start to worry.

As Americans, we should start to worry because of the amount of debt to which we have been committed over the past eight months.

How many of us can grasp the enormity of $10 trillion? That’s a 10 and 12 zeroes. It is one million million. It is almost three times the gross national product (GNP) of the United States of America and that is why we should be scared.

Our elected officials — Democrats voting mainly in tow with President Barack Obama — have saddled us with a debt of such enormous nature that the odds of our ever climbing out of the hole are phenomenal.

It makes little difference that the money loaned banks to keep them afloat has started being paid back by some, we’re talking about a different set of debts — and all generated after inauguration day.

We own the printing presses, but we can’t print enough money to keep up with rate at which Congress is spending it.

As we’ve spent our great-great-grandchildren’s future — skipping entire generations — we’ve hocked ourselves up to the hilt to nations around the world.

According to the Miami Herald, the top 10 lenders (as of June 30) to the U.S. include:

$776.4 billion: China

$711.8 billion: Japan

$214 billion: U.K.

$191 billion: The amount collectively held by Saudi Arabia, Venezuela and 13 other oil exporters

$189.7 billion: Bahamas, Bermuda, and the Cayman Islands, collectively

$139.8 billion: Brazil

$119.9 billion: Russia

$104.2 billion: Luxembourg

$99.8 billion: Hong Kong

$77 billion: Taiwan

It has to stop, but until we the people put a stop to it at the ballot box, it will continue unfettered until we become little more than third world status.

The time has come to say, “Enough!” We just risk being called unpatriotic.