jump to navigation

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

Posted by ultor in economics, GWOT, politics.
trackback

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.

link

$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.
Advertisements

Comments»

No comments yet — be the first.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: