I Owe $30,000 — And So Do You
I just found out I’m deeper in the red than I thought. But at least I’m not alone. Every single American is right there with me, thanks to a Senate vote today to increase the national debt to $9 trillion. We’re all paying the price for Bush’s bad decisions, like tax breaks for the rich, pre-emptively going to war in Iraq and a delayed response to Hurricane Katrina.
The measure allows the government to pay for the war in Iraq and finance Medicare and other big federal programs without raising taxes. It passed hours before the House was expected to approve another $91 billion to fund the war in Iraq and provide more aid to hurricane victims.
The partisan vote also came as the Senate continued debate on a $2.8 trillion budget blueprint for the upcoming fiscal year that would produce a $359 billion deficit for the fiscal year beginning Oct. 1.
…It’s the fourth such move increasing the debt limit by a total of $3 trillion since Bush took office five years ago.
So how much is $9 trillion? Well, it’s got 12 zeros, but…
“It’s hard to understand what a trillion is. I don’t know what it is,” confessed Senate Budget Committee Chairman Judd Gregg, a New Hampshire Republican, this week when debating the government’s staggering fiscal obligations.
This is so going to screw up my credit rating…
Comment by: mikefromtexasIt doesn’t help that the standard hand-held calculator comes nowhere close to computing numbers in the trillions. About the best it can do is 99,999,999.
John Nolan, a mathematics professor at American University in Washington, said… “But in terms of practical numbers it’s just overwhelming.”
So he conjured up a spending spree, something Americans might be able to relate to. “If you spent a million dollars a day for a million days (2,739 years),” you’d hit $1 trillion, Nolan observed…
The federal government has been on a spending binge. Just since 2002, the Republican-controlled Congress has had to hike the Treasury Department’s credit card limit four times, for a total of more than $3 trillion.
Allowing Bush’s tax cuts in the first place was idiotic but continuing to squander America’s former wealth this way is criminal. The worst part is we’re all going along with it. Is it O.K. if I post-date my check?

The latest America-hating critic of Dear Leader is the elder statesman of conservative fantasists himself, William F. Buckley. Under the headline “It Didn’t Work,” he 

