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Spending like a whole ship full of drunken sailors. March 5, 2006

Posted by ultor in economics, GWOT, politics.

President Bush’s budget would increase the federal deficit by $35 billion this year and by more than $1.2 trillion over the next decade, the Congressional Budget Office reported on Friday.

The nonpartisan budget office said that Mr. Bush’s tax-cutting proposals would cost about $1.7 trillion over the next 10 years and that his proposals to partly privatize Social Security would cost about $312 billion during that period.


$1,200,000,000,000. That’s a lot of money. It’s

  • $4,000 for each and every one of 300 million Americans.
  • $181 for every person in the world.
  • If you paid it off at $1/second, it would take 38,000 years to clear
  • If you stacked it up in $1 bills, it would be 81,000 miles high.
  • It represents 14.5% of the entire national debt.


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