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McRae: Financial Stability is Freedom | State Treasury of Mississippi
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Newsroom McRae: Financial Stability is Freedom By Treasurer David McRae At last check, the U.S. national debt had tipped over $32.5 trillion. That’s a lot of money. Think about it this way: $32.5 trillion is more than the economies of China, Japan, the United Kingdom, and Germany – combined. Break it down to the individual level and it’s about a quarter-million dollars per person. Yikes. Even when considered in per-person terms, however, the national debt can be hard to fully conceptualize. The American Legislative Exchange Council did try to give us a few more tangible (and fun) examples back in 2022, reporting it would take 960,000 years to count to 30 trillion or 163,000 trips to the sun and back before your odometer would hit 30 trillion miles. Needless to say, whatever way you think about it, $32.5 trillion is a big number – and sad...
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