Obama Budget: More Spending than Anyone Can Comprehend

By Dan Spencer | 02/28/09 | 05:45 AM EDT | 0 Comments

Latest national commentaries

more »

With his debt-busting budget which contains a trillion dollars in tax increase, President Obama plans to have the federal government spend 25 percent of the entire U.S. economy - one out of every four dollars produced in the U.S.

Obama's massive spending plan puts the Democrat-controlled Congress on track to double the national debt by 2010 - to $17.6 trillion, after just four years of controlling the national purse strings.

At FoxNews they tried to put $3.6 trillion in perspective:

If you spent $1 million an hour, non-stop for 24 hours a day, you wouldn't run out of money for 411 years.

If you took 3.6 trillion one-dollar bills, and placed them end-to-end, that line of bills would reach from Capitol Hill to the sun and then back to Capitol Hill and then back to the sun -- and then almost all the way back to Capitol Hill again.

The uncontrolled spending binge Obama and the Democrats are on -- the $800 billion so-called stimulus, the $410 billion spending bill under consideration in Congress, the tax and borrow Obama budget spending plan, and a doubled national debt -- is an incomprehensible amount of money.

Think of a trillion in terms of seconds. We all know how long a second is. A million seconds is 13 days. A billion seconds is 31 years. A trillion seconds is 31,688 years. Think of the ongoing spending orgy in terms of seconds and perhaps we can grasp what Obama and Democrats are spending and borrowing:

0.410 trillion seconds (Congress' proposed spending bill) is 12,992 years.

0.634 trillion seconds (Obama's down payment on health care reform) is 20,090 years.

0.787 trillion seconds (Obama's so-called stimulus) is 24,938 years.

1.75 trillion seconds (Obama's proposed deficit) is 55,454 years.

3.27 trillion seconds (the actual cost of the so-called stimulus)

3.6 trillion seconds (Obama's budget) is 114,077 years.

8.67 trillion seconds (the national debt the Democrats inherited) is 274,735 years.

17.6 trillion seconds (the projected 2010 national debt under Obama's budget) is 557,709 years.


A trillion here, a trillion there; sooner or later you run out of time.

 

Print | Email | Share
 
 

Comments

Post new comment

The content of this field is kept private and will not be shown publicly.
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
16 + 2 =
Solve this simple math problem and enter the result. E.g. for 1+3, enter 4.