"You and I have a rendezvous with destiny. We will preserve for our children this, the last best hope of man on earth, or we will sentence them to take the first step into a thousand years of darkness. If we fail, at least let our children and our children's children say of us we justified our brief moment here. We did all that could be done."
Ronald Reagan

Friday, September 9, 2011

Barack Obama Wants to Spend More Money

Rather than cut spending, Barack Obama wants to borrow and spend even more money and is NOT only intractable in his demands, but is accusing everyone who disagrees with him of NOT willing to compromise. Barack Obama is acting like a spoiled petulant child pointing fingers at everyone else, instead of taking responsibility for his own Deficit Spending.

Many United States Citizens and Politicians are arguing whether or not a Trillion Dollars spent or saved by the Federal Government is a 'Big Deal'.

Central to the Problem of debating this issue, is that the Human mind cannot grasp nor understand exactly what a Trillion dollars means.

Total Tax Revenue for Fiscal Year 2010 in the United States was 2.16 Trillion Dollars and and Total Spent by the Federal Government in 2010 was 3.45 Trillion Dollars - this created a Deficit of 1.29 Trillion Dollars. Forty Cents ($.40) on every 'Deficit Dollar' spent in 2010 was borrowed - or approximately 516 Billion Dollars.

The Net worth of ALL Billionaires in the United States is 1.3 trillion dollars.

If ALL assets for ALL Billionaires in the United States were 'Seized', it would pay for the 2010 Deficit Spending.

The Graphic below illustrates 1 Trillion Dollars stacked in $100 Dollar bills.

The Graphic below illustrates 15 Trillion Dollars stacked in $100 Dollar bills.

Graphics by: http://www.wtfnoway.com/

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Retired Geek

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