A Trillion
Do you know how much a trillion dollars is?????
If you laid one trillion one-dollar bills end to end, it would make a chain from the earth to the moon 200 times. One trillion dollars would stretch nearly from the earth to the sun. It would take a jet flying at the speed of sound, reeling out a roll of dollar bills behind it, four years before it reeled out one trillion dollar bills. A million seconds is 11.5 days. A billion seconds is 32 years. A trillion seconds is 32,000 years.
A Record Deficit In 2009: The budget would produce a $1.75 trillion deficit, or 12.3 % of GDP, in 2009. This deficit level is more than three times the previous record deficit.
$24 Billion Spent A Day: Over the first fifty days of the new Administration, approximately $24 billon has been spent a day, most of it with borrowed money.
Doubling The National Debt Over The Next Eight Years: The budget doubles the national debt over the next eight years.
Record Spending In The Budget: The budget increases spending to $3.9 trillion in 2009, or 27% of GDP – the highest level since World War II. This is simply too much spending and will lead to higher taxes, slower economic growth, and fewer jobs for middle class families.
Increasing Your Families’ Share Of The Debt: The current debt per capita exceeds $35,000. The budget would double the national debt in only eight years, thus ballooning your share to approximately $70,000.
Skyrocketing Net Interest Payments: Beginning in 2012, and every year thereafter, the government will spend more than $1 billion a day in net interest. By 2019, the government will spend $1.7 billion per day on net interest.
The Largest Tax Increase In American History: The budget will raise taxes by $1.4 trillion over the next ten years.
WHO IS GOING TO PAY FOR ALL OF THIS?
You, Your Children, Your Grandchildren, Your Great-Grandchildren….