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Monday, May 21, 2012

Show me the money!

Posted Thursday, March 5, 2009, at 11:36 AM

As I write this, the U.S. national debt is $10,950,386,984,251.34 and counting, according to http://www.brillig.com/debt_clock/. Almost 11 trillion dollars! It's hard to comprehend exactly how much money that is.

According to The Saturday Evening Post one trillion one-dollar bills could form a chain that would "stretch from the earth to the moon and back again 200 times before you ran out of dollar bills! In fact, $1 trillion in singles would stretch nearly from the earth to the sun." NASA says the average distance from earth to the moon is 382,500 kilometers, which is 237,674.48 miles.

Assuming that there are exactly 13,000 residents of Marshall, $1 trillion divided among the population would be about $76,923,076 per person. With that much money, I think I could visit every place I want to travel in the world and still have money left over.

There has been much talk about the recent economic stimulus package passed by Congress and signed by President Obama. A total of $787 billion for infrastructure development, schools, science and technology research, alternative energy, the list goes on and on. And while I do think that a bullet train connecting Las Vegas and Disneyland could be considered pork-barrel spending, I do not dispute that roads and bridges nationwide need to be fixed or that children have the right to attend schools that are in good condition, staffed by competent and caring teachers.

I find it interesting that many people are up in arms against the stimulus bill, yet they didn't mind spending $656.1 billion on the war in Iraq (this number does not include Afghanistan), which has cost more than 4,000 American lives. Nor did they mind bailing out Wall Street with no strings attached last September.

Only history will tell if the economic stimulus is well spent, or if it works at all. I am inclined to think it will. The majority of the projects are things this country needs and has needed for a while. True, this increases the burden on generations yet to come, but we have to make sure the country is viable for those generations. And for those of you who think the Democrats are the only big spenders, the national debt in 2000 was a little over $5 trillion. Look where we are now.


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Hey Sydney, You are so right, It's about time we had a president who had a brain, could right his own speeches (and read them), and put the money where it SHOULD go!!!!

-- Posted by yogagirl on Wed, Mar 11, 2009, at 4:18 PM

Cool site, Kathy! LOTS of interesting stuff...

For all that the GOP is screaming 'pork', it seems that they are the chief 'porkers'... Catch Claire McCaskill on Olberman?

-- Posted by NanaDot on Fri, Mar 6, 2009, at 11:03 PM

Here's an interesting chart of the national debt as a percentage of gross domestic product. At the end of the Carter administration, it was as low as it had ever been. During the Reagan/GHWBush years, it skyrocketed, then dropped again through the Clinton years. Then we're back to Bush and off we go to even higher levels than before. Hard to be clearer than this.

http://zfacts.com/p/318.html

-- Posted by Kathy Fairchild on Thu, Mar 5, 2009, at 6:26 PM

The answer, I'm sorry to have to admit, is 347,235 years to pay off the national debt at the rate of one dollar per second.

I'll say it again: three hundred and forty seven thousand two hundred and thirty five years!

Just two hundred and thrity three years of existance and politicians, Democrat and Republican alike, have managed to accumulate 347,235 years worth of debt. Several presidents ago, one of the main campaign points was how the candidate was going to reduce the deficit. Now, for all the talk, it seems like it's almost a nonissue.

Pray, people -- it's one of the only things the Fed will allow We the People to do to make a differance.

-- Posted by "When the Music Plays..." on Thu, Mar 5, 2009, at 5:22 PM

GOCHIEFS, I was born in 1986, so I was 14 in 2000. Not old enough to vote, if that's what you were wondering.

-- Posted by Sydney Stonner on Thu, Mar 5, 2009, at 3:26 PM

Can't guess...but I'm pretty sure we'll all be dead. :)

-- Posted by Kathy Fairchild on Thu, Mar 5, 2009, at 12:41 PM

How old were you in 2000???

-- Posted by GOCHIEFS on Thu, Mar 5, 2009, at 12:34 PM

On a lighter note, I've got a little math riddle for the readers here:

If the U.S. Fed were to pay back the national debt at the rate of one dollar per second (that's $60 per minute, $3,600 per hour, and $86,400 per day), how many years would it take to pay back 10,950,386,984,251?

See if you can guess-timate without a calculator, and I'll post the answer a little later if no one gets it.

-- Posted by "When the Music Plays..." on Thu, Mar 5, 2009, at 12:15 PM

I don't disagree that both Democrats and Republicans are outrageous spenders, but to say that no one minded the $850,000,000,000 bailout last September is inaccurate. I know, because I was highly opposed to it. And the golden parachutes obtained by the culprits who got us into this mess (and then got themselves bailed out) was lemon juice on the gaping wound to me, to put it lightly.

My main problem with this "stimulus" bill is the fact that it does very, very, very little to "stimulate" the economy! Improving schools and such is a great idea, no argument there, but how does that stimulate a crumbling economy? It doesn't. So why does it belong in a "stimulus" bill? It doesn't!

None of the pork in the bill belongs, but when the idea of passing the bill without the earmarks was brought up, it was shot down! Why? Because all -- repeat, ALL -- politicians love to spend your money, my money, and everyone else's money.

(And yet it's the big spenders in government who don't pay their "fair share" of taxes in the first place. Not exactly breaking news, but a point to ponder anyway.)

-- Posted by "When the Music Plays..." on Thu, Mar 5, 2009, at 12:08 PM


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Little Town Blues Goes to China
SYDNEY STONNER
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Something about music. Something about small towns. Something about Hong Kong. Or maybe something else entirely.

Sydney is a former staff writer for the Democrat-News. She received degrees from University of Missouri in both music and magazine journalism. She played oboe with the Marshall Philharmonic Orchestra and the Marshall Municipal Band while she was in Marshall.

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