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A Trillion Here

By lex, on November 8th, 2009

A trillion there.

Pretty soon we’re talking about real money.

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November 8th, 2009 | Tags: , | Category: economy

9 comments to A Trillion Here

  • ProwlerAMDO
    November 8, 2009 at 10:10 am

    What’s $2.6 Trillion to people who tend to not pay taxes? It’s Obama money, from his stash, and now they’re going to get some, because it’s morally right. Otherwise evil America just lets its people die in the streets unlike every other “industrialized” country in the world right? Don’t worry too, that spending doesn’t kick in for like more than five years or something. I’m sure Obama will have conjured up the Utopia by then, or at least will have gotten Unforgiwoble to give up the Sampo to us.

    http://en.wikipedia.org/wiki/Sampo

  • Marine6
    November 8, 2009 at 12:49 pm

    I have more than a little trouble even visualizing what $2.5 trillion would be in real money. If you had started spending $2,500 a minute on the day Christ was born, and had kept it up at that rate for every minute since you would be at about $2,500,000,000,000 now.

    Now, to paraphrase another Boat School graduate, I’ve know a few drunken sailors in my day, but that kind of spending is a slander against ALL drunken sailors.

    And anyone who believes that Nancy Pelosi crap that this is going to be paid for out of “savings” from Medicare is nuts. Can anyone point out to me a single government program that Congress has successfully found “savings” in? EVERY government entitlement creates it’s own constituency which Congress is then terrified of offending but cutting their entitlements. The end result is that ALL government programs grow endlessly and costs go up exponentially. So you can count on the fact that the $2.6 trillion estimate is a low ball figure that will actually grow even larger.

    • OldT6Flyer
      November 8, 2009 at 1:34 pm

      Not only do these “saving” never materialize the revenues never reach targets either. This is predicated on a “soak the rich” mentality that never, ever works. Simple reason is the very rich have all kinds of ways of shifting income, etc that lawyers and accountants in their employ that are three times as smart as the “bright young men” who draft the legislation. So, facing greater than expected deficits what do you think future congresses will do to close the gap? You got it – raise tax on the middle class and small business.

      I scanned through the monstrosity this AM and it is full of taxes, penalties, fees, none of which are indexed and will just go on and on and on.

      The fights not over but I was wondering why the hell the Republicans just didn’t help the lefties defeat the abortion amendment making the Blue Dogs then face the choice of voting for Federal funding of abortion when the main bill came to the floor? Seemed like a no-brainer to me. Its not like any Republican would have been compelled to vote for the final bill that would have allowed that to creep into law.

      On to the Senate where time will allow what was actually passed to see the light of day. It ain’t over yet.

      • Quartermaster
        November 8, 2009 at 2:34 pm

        Boehner is an idiot. If he weren’t the Reps would simply have voted present on the Stupak amendment and let the Dems choke on it. The GOP Congressional leadership are among the most stupid I’ve seen. but the GOP isn’t known as the stupid party for nothing.

  • xformed
    November 8, 2009 at 2:08 pm

    Ladies and gentlemen: In our life times, just exactly which Guv’ment program cam in under say…maybe 10x more than the “projections?”

    BYOKY, and it’s still gonna hurt.

  • Mongo
    November 8, 2009 at 4:59 pm

    Gee, simple math says that 2.5T paid down 1/2B annually by a responsible debtor would take 5,000 years to amortize But then the operative function here is responsibility. So, hmmm, I guess amortization’s out. Oh, and that’s a zero interest loan…which any one of us can get. Simple. Yah?

  • G-man
    November 9, 2009 at 4:07 am

    Government savings. Oxymoron if ever there was one. Buy gold and silver. Now. And some ammo. And some farming/gardening utensils. When the implosion and meltdown comes it is gonna get ugly and the dollar is so totally devalued as to be worth less than used toilet paper.

  • Navig8r
    November 9, 2009 at 7:47 am

    I remember the admonition when I went to Turkey. Don’t exchange more than a day’s worth of lira at a time. How long do you think it will be until a loaf of bread costs $175,000 (about the number of lira, as I recall)?

  • Spencer
    November 17, 2009 at 3:38 pm

    Do you feel Members of Congress should be forced to enroll themselves in the health care plan they vote for? *

    Well this guys does. Go vote for it.

    http://fleming.house.gov/index.cfm?sectionid=55&sectiontree=29,55
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