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Imagine that, through some political or economic miracle, the gross debt stopped rising after 2017 and remained at $20 trillion. To retire the gross debt,
Imagine that, through some political or economic miracle, the gross debt stopped rising after 2017 and remained at $20 trillion. To retire the gross debt, the government decided to have a national lottery. Suppose that every U.S. citizen bought a $1 lottery ticket every week, thereby generating about $325 million in weekly lottery revenue. Because lotteries typically use half their revenue for prizes and lottery operations, assume that $163 million would go toward debt reduction each week. How long would it take to retire the debt through this lottery
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