If we spent a dollar a second, it would take more than 31,000 years to spend a trillion dollars. A trillion $10 bills, if they were taped end to end, would wrap around the globe more than 380 times. In 2010, the U.S. government issued almost as much new debt as the rest of the governments of the world combined. The latest budget anticipates $5.08 trillion in deficits over the next 5 years.