Show Utah Foundation makes study of national debt I If the Federal government decided not to spend any more money for new programs and merely paid for programs already the cost of liquidating the incurred obligations over the remaining years of this century would be one trillion dollars higher than most of us jean count This startling revelation was made in a research study prepared by Utah private governmental research According to the Foundation these automatic built-in costs were computed as follows Existing benefit programs for veterans widows' hospitalization and other are going to cost Retirement benefits for past service will amount to an additional billion for military personnel and billion for civilian government expenditure obligations for past services of military and civilian personnel is something in excess of Public work projects slum already authorized but which will be financed in future years are going to cost another 3 If it is assumed that the national debt does not an average annual interest cost of billion to service this obligation will add an additional billion to the built-in expenditure total over the next four the national debt total of billion itself would have to be faced By adding the four preceding items Foundation analysts arrive at the total obligation figure of one 58 million dollars They emphasize that this total Ls over and beyond the regular Federal operating such as amounts for defense the obligations of the Social Security program for past services at is not included in this obligation Recognizing the difficulties of visualizing a trillion the Foundation report points out that a million dollars in bills would make a stack 12 inches a billion dollars is a suck of bills 1000 feet or approximately 88 stories while a trillion dollars is of such 88 story A trillion dollars also is equal to j for every and child in the or for every family of four Nature is the most thrifty thing in the she never wastes she undergoes j but there's no the essence |