Astronomical Debt
Remember when the chief sin of Republicans was their dreaded "deficit spending"? Remember when Bill Clinton's chief accomplishment was balancing the budget?
The annual budget deficit under the Obama administration has tripled just from last year, to $1.6 trillion, and the national debt has ballooned to a tad under $12 trillion. In 10 years it will grow to $20 trillion. Even the mainstream media seem concerned.
One trillion is a number exceedingly difficult for mere mortals to grasp, which is what the Democrats are counting on. It is the number 1 followed by 12 zeroes (1,000,000,000,000). There are only an estimated 100 billion stars in the Milky Way galaxy, so it would take 120 of our galaxies to match the current national debt, with one star for every dollar.
Who is going to pay for all this profligacy? You guessed it. We are, and our progeny for many generations. And remember, we haven't even "reformed" healthcare yet. That's expected to cost only an additionnal 1 followed by 12 zeroes.
Don't worry; only those who are making $250,000 or more will see a tax increase, right?
posted by Stan Guthrie at 9:57 AM
StanGuthrie.com
2 Comments:
How big is one trillion? One million seconds ago was the week before last. One billion seconds ago was 1978. One trillion seconds ago was 30,000 B.C.
I think it's telling that even in the mainstream media the recognition is growing that America's time in the sun is drawing to an end. When the dollar is no longer king (and it is a matter of when, not if), America's creditors will start demanding payment. And America will cease to be the land of opportunity.
Post a Comment
<< Home