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Cavuto: National debt is the 'issue of our time'

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  • Description

    Coming to grips with $16 trillion debt

  • Duration 1:52
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Neil Cavuto

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Well here we go oh you're looking live once again and our nation's debt clock moments away from -- a number -- you know still blows me away.

Sixteen trillion bucks that is how much we -- sixteen trillions -- My -- even if you would've spent a million dollars today from the very day Christ was born you would not be anywhere near a trillion bucks today.

And this is more than sixteen times that.

So just how big is sixteen trillion dollars was big enough to feed every one of the 77 million American -- with a family.

No 187.

Years.

Big enough to pay -- -- house -- hundred NASA curiosity distance.

-- -- Big enough -- by a half million dollar house for 32 million Americans.

And a 53000.

Dollar car for every American.

Big enough to build more than a thousand freedom towers.

And fund the Department of Education if you wanna do for 207 years -- Medicare for 21 years.

Or both Medicare and Social Security put thirteen years.

Oh what we could do with that -- if we did not -- -- If we didn't have to pay more than 247 billion dollars just in interest cost carrying that -- every year.

Talk about money we could strategically invest.

But the harsh reality my friends is we don't have that money to invest strategically or otherwise not when we're too busy just paying the finance charges.

On that big old national -- Isabelle -- to keep our heads float.

It's like a debt clock matters that's why this whole debt matters it is strangling our resource is an increasingly.

Gobbling up all of our resources.

It's the issue of our time.

Because we are running out of money and we are clearly running out of time.

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