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Ball point pen on the morning newsprint

President Obama's budget director Peter Orszag was the bearer of bad news yesterday when he announced via his agency's website that the projected deficits are even higher than previously forecast. Citing the dire fiscal situation that they inherited, The ten year tab climbed by another two trillion dollars. I don't know about you, but these numbers seem abstract to me. A trillion dollars is a million million. If you laid one dollar bills end to end, you could make a chain that stretches from earth to the moon and back again 200 times. One trillion dollars would stretch nearly from the earth to the sun. It would take a military jet flying at the speed of sound, reeling out a roll of dollar bills behind it, 14 years before it reeled out one trillion dollar bills. The deficits are now projected to total 9.05 trillion dollars over the next ten years.

Tomorrow, Ted Kennedy

2 Comments
  1. Robert
    August 26, 2009 -

    That's $30,000.00 each for every woman, man and child in the United States...and almost twice that ($54,000 each) when accounting for interest costs. Maybe we could have a combination bake sale/car wash...

  2. August 26, 2009 -

    At 25 cents per cupcake, there's not enough flour in the world to pay off the predicted deficit. But I like the car wash idea. At 5 dollars per car, assuming all the labor and soap were donated, we would only have to wash every car on planet earth (an estimated 700 million cars) 2,571 times each to pay off the deficit that will accrue over the next ten years. Voila! Now lets tackle health care Robert.