I admit that I’m a bit of a news junkie…OK, a lot of a news junkie. And this whole trillion dollar budget deal of President Obama’s has me a bit freaked out. Then I checked out Fox News’ “You Decide” blog, which just made things worse.
It’s hard for me to wrap my mind around $3.6 trillion dollars, so Fox News put it in terms that are easier to translate::– 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.– Or try this: 3.6 trillion seconds ago, our ancestors were using stone tools and Neanderthal men still roamed Europe.
Then article also adds, “University of Maryland economics Professor Peter Morici has a different way of looking at a $3.6 trillion federal budget: ‘That’s one out of every four dollars produced in the U.S. It’s 25 percent of the GDP,’ he said.”
One our of every four dollars? Are you kidding me? How on earth are we going to pay for this massive budget? How will half of the national debt be paid off by the end of President Obama’s first term with this kind of spending?
And is it just me or is anyone else freaked out about it?