$1,000,000,000,000

The Congressional Budget Office says that the budget deficit for 2009 — through only the first six months of the year — has surpassed $1 trillion. That’s a lot of zeros for only six months.

How big is a trillion? The NASA website says that one trillion seconds equals 31,546 years.

The rate at which we are spending ourselves into a deep well of debt is frightening, and the long-term costs of financing that debt will be staggering. Every dollar in future federal budgets that will go toward paying interest on that debt — and which will largely be paid to foreign investors — will be a dollar that cannot be spent on schools, or roads, or other governmental projects or services.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s