Back to Up to Us: Rutgers

During fiscal year 2011, the U.S. government spent.......

Uzb
  • $ 3.7 Trillion (58% people answered this)
  • $ 100 Gazillion (4% people answered this)
  • $ 98.1 Bazillion (0% people answered this)
  • $ 4.2 Trillion (37% people answered this)

24 people answered.

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Correct answer is: $ 3.7 Trillion

.......but it only brought in 2.4 trillion dollars Read more: http://articles.businessinsider.com/2012-01-06/home/30596500_1_national-debt-future-generations-prosperity#ixzz2JwTIWvZ9

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Rutgers University is participating in Up to Us, a nationwide competition to educate and engage campus communities on the issue of our federal government’s long-term debt. Our team is….



 The monetary base "consists of coins, paper money (both as bank vault cash and as currency circulating in the public), and commercial banks' reserves with the central bank."  Currently the U.S. monetary base is sitting somewhere around 2.7 Trillion.  So if you went out and gathered all of that money up it would only make a small dent in our national debt.  But afterwards there would be no currency for anyone to use.

Read more: http://articles.businessinsider.com/2012-01-06/home/30596500_1_national-debt-future-generations-prosperity#ixzz2JwTVRNlg

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