THE AMERICA ONE NEWS
Jul 4, 2025  |  
0
 | Remer,MN
Sponsor:  QWIKET 
Sponsor:  QWIKET 
Sponsor:  QWIKET: Elevate your fantasy game! Interactive Sports Knowledge.
Sponsor:  QWIKET: Elevate your fantasy game! Interactive Sports Knowledge and Reasoning Support for Fantasy Sports and Betting Enthusiasts.
back  
topic


NEWYou can now listen to Fox News articles!

"$10 million?" 

"$100 million?" 

"No, you're crazy, it's got to be more than that, it's got to be like in the billions."  

MAGA COUNTRY VOTERS SOUND ALARM OVER ‘RIDICULOUS’ NATIONAL DEBT AMID DEBATE OVER TRUMP-BACKED BILL

"Yeah it's got to be at least maybe $50 billion dollars. Maybe even $100 billion."  

Students in college walking across a campus

Students have a rude awakening when they realize how much money is owed in the national debt. (iStock)

"That much?" 

"Maybe" 

"No, no it must be even more than that. I bet you it's a trillion dollars."  

SENATE WEIGHS TRUMP'S 'BIG, BEAUTIFUL BILL' AS POLICY GROUP BACKS CBO, PROJECTS $3 TRILLION DEBT INCREASE

"A trillion dollars? No way it’s that much." 

I had just taught my high school seniors in U.S. government class about budgets and national debts and asked, "How much money do you think we owe? How much is our national debt?"  

Their ridiculous responses, ranging from millions to billions to $1 trillion, are funny but also sad. Finally, I can't listen anymore and, feeling like the evil queen giving Snow White the poisoned apple, tell them: "$37 trillion dollars." 

INVISIBLE TAX: GOVERNMENT DEBT IS CRUSHING YOUR FINANCES

There’s a stunned silence.  

I then walk around the room with my hand out and start shaking students' hands, each time saying, "Thank you." They look at me, confused. Eventually a boy asks, "Why are you thanking us? 

Feb. 24, 2012: A national debt clock is shown during a campaign event for Mitt Romney in Kalamazoo, Mich.

The debt clock moves like the second hand on a watch. Here's the clock from Feb. 24, 2012, when the national debt was $22 trillion less. (AP)

"Because you're the ones who are going to be paying it." 

More stunned silence.  

TRUMP’S ‘BIG BEAUTIFUL BILL’ NEEDS A 'FAT SHOT' TO END OUR DANGEROUS DEBT ADDICTION

Of course, many of them have heard, one way or another, about Washington's spending problems, deficits and debts. But it was not until this moment that they finally understood what it really meant – and what it will mean for them. Many of them are worried they’ll incur student loan debt – they were unaware of the other debt they’re inheriting. 

I put usdebtclock.org up, along with a photo of my granddaughter playing in our back yard, and ask, "How much does she owe?"

It takes them a minute, but they find the "Debt per citizen" section – $108,010. She is 3 years old.  

Of more immediate interest for them is "Debt per taxpayer," since some have already begun paying taxes, and most others will soon. That's $323,051.  

YOU MIGHT NOT LIKE THE SOLUTION TO THE DEBT CRISIS, BUT HERE'S HOW TO FIX AMERICA'S SPENDING PROBLEM

I say, "Look at that debt clock – what is the worst number on there? Not the highest, the worst." 

After a couple minutes, I direct their attention to the section, "Interest on the debt." It’s a little over a trillion dollars a year. 

Their ridiculous responses, ranging from millions to billions to $1 trillion, are funny but also sad. Finally, I can't listen anymore and, feeling like the evil queen giving Snow White the poisoned apple, tell them: "$37 trillion dollars." 

"What does that money buy?" one of them asks. I take a piece of scrap paper off my desk, crumple it, hold it up, and say: "To the taxpayer, it's worth exactly as much as this crumpled paper. That money doesn't build a single hospital or school or bridge. It doesn't build a single bomber or manufacture a single bullet."  

I show them that in July of 2020 debt service was only $386 billion a year and the national debt was $26 trillion. I ask why would debt service be 2.6 times as high now when the national debt is "only" 1.4 times as high. The answer is that interest rates have gone up, greatly increasing the interest we pay on the debt.  

CLASS DISMISSED: COLLEGES EXPECTED TO CLOSE AS ENROLLMENT NUMBERS TANK

The students try to come up with solutions. "Why not just pay it by printing more money?"  

I explain hyperinflation and pass around a couple 100 million Deutsche Mark bills from Germany in 1923. I tell the story of a German woman filling an old wheelbarrow with Deutsche Marks, going to the store, leaving it outside for a moment while she selected some bread and milk, then coming back to find the old wheelbarrow gone--and the worthless bills dumped out in the street. 

We watch the 2009 Onion satirical video "U.S. Government Stages Fake Coup To Wipe Out National Debt" in which a newscaster informs viewers: 

"The White House today enacted an emergency plan to eliminate all the United States’ financial obligations to foreign nations by faking a violent coup of the American government …the fake coup began at 10 a.m. today, when fake rebel leader Octavius Del Monte stormed Congress, pretended to kill several congressmen … then said ‘Hear my words China, Japan, and the United Arab Emirates. The U.S. and all its vast debt, no longer exists. Henceforth, this land will be called Octavia. Do not even try to collect funds owed!’" 

INVISIBLE TAX: GOVERNMENT DEBT IS CRUSHING YOUR FINANCES

The newscaster then explains that "Representatives on both sides of the aisle said the plan was the best option left for lowering our debt after ideas like burning down the country for the insurance money and disguising the nation as Canada were deemed infeasible." 

I ask the students why it seems almost comical how worried they were in 2009 about the national debt. There’s a pause. Then one student raises his hand, and answers, ruefully, "Because it was only $10 trillion back then." 

U.S. Marines from Bravo Company of the 1st Battalion, 6th Marines, walk in the town of Marjah in Nad Ali district of Helmand province February 15, 2010. U.S. Marines are making steady progress in one of the biggest NATO offensives in Afghanistan since the war began in 2001, but areas infested with roadside bombs are bogging them down, a spokesman said on Monday. REUTERS/Goran Tomasevic (AFGHANISTAN - Tags: CIVIL UNREST POLITICS)

U.S. Marines from Bravo Company of the 1st Battalion, 6th Marines, walk in the town of Marjah in the Nad Ali district of Helmand province. The area was infested with roadside bombs, an obstacle which is bogging the company down, a spokesman said in 2010. (Reuters)

The students want to know how we--the allegedly responsible adults – could have done this to them. I list some of the reasons:  

REPUBLICANS SQUABBLE OVER TRUMP SPENDING PLAN AS FISCAL YEAR 2026 LOOMS: 'STAY UNTIL WE PASS IT'

On the larger political reasons, I ask, "Have you ever seen your parents argue when one wanted to buy something?"  

Some hands come up. A girl volunteers that a couple years ago her parents had a long running argument – mom wanted to buy a new refrigerator, and dad said, "We can't afford it". They were mad at each other.  

"What happened? How did they resolve the conflict?", I ask. 

"They bought a new one. I think they put it on their credit card." 

"Well, there’s your answer." 

Glenn Sacks teaches social studies and represents United Teachers Los Angeles at James Monroe High School in the Los Angeles Unified School District. He served as a strike captain in both the 2019 and 2023 teacher strikes. His columns on education have been published in dozens of America's largest publications. Follow him on Twitter @GlennSacks.