It's hard to grasp the concept of national debt in Trillions. Ozzy was asking me to explain why we are in so deep, and what "trillion" means. In an attempt to put this into perspective, I shared the following equation.
I told Ozzy to imagine I owed money to him, and I promised to pay him after ONE MILLION seconds had transpired. At that rate, he would be reimbursed in 12 DAYS. If I told him I would pay him back in ONE BILLION seconds, it would take 32 YEARS. If It took ONE TRILLION seconds, Ozzy would have to wait 32,000 YEARS!
Still trying to get his little head around this, Ozzy asked me to calculate ONE TRILLION in doggie treats!
I'm still working on it!
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