The United States’ national debt is now over $14 trillion, and growing by the second.
The human mind has difficulty grasping astronomical numbers of millions, billions, and trillions — and politicians traffic on and exploit that inability. To help you kinda grasp what words like “million,” “billion,” and “trillion” mean, here’s a guide:
1 million = 1,000,000 =106 or 6 zeroes
1 billion = 1,000,000,000 = 109 or 9 zeroes
1 trillion = 1,000,000,000,000 = 1012 or 12 zeroes
Even that doesn’t really help us to comprehend the enormity of those numbers. Here’s an e-mail forwarded to me by beloved fellow Joseph which pierces through our mental fog by translating Obama’s proposed budget cuts into terms we can readily understand.
President Obama ordered the cabinet to cut a whopping $100 million from the $3.5 trillion federal budget!
I’m so impressed by this sacrifice that I have decided to do the same thing with my personal budget. I spend about $2000 a month on groceries, medicine, bills, etc, but it’s time to get out the budget cutting axe, go line by line through my expenses, and go to work.
I’m going to cut my spending at exactly the same ratio -1/35,000 of my total budget. After doing the math, it looks like instead of spending $2000 a month; I’m going to have to cut that number by six cents!
Yes, I’m going to have to get by with $1999.94, but that’s what sacrifice is all about. I’ll just have to do without some things, that are, frankly, luxuries.
John P. Taxpayer
This morning’s news is that House Republicans want to slice more than $30 billion from agency budgets over the next several months. While $30 billion is an improvement over Obama’s $100 million, that is still paltry. $30 billion in budget cuts is the equivalent of John P. Taxpayer cutting $18 from his monthly $2,000 budget or $216 a year.