By The Right Scoop


I’m always looking for a profound way to represent how much one trillion dollars really is, given that it’s over-usage in the last 2-3 years has made it seem like an ordinary sum of money. Well thanks to Jason Chaffetz I now have a new profound way of representing it. And it’s not complicated at all.

Watch:

When I first heard that, it was a ‘wow’ moment for me. It’s unfortunate that this is the kind of spending we’ve grown accustomed to and there is really no need for it. To think we are in debt up to 14 trillion dollars is monumental and that’s understating it.

2012 can’t get here fast enough.

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  • GWB

    I like this guy and what he is saying. Im getting sick and tired of hearing republicans talking about cutting spending. Why are we always saying the right things but hardly ever doing them?

  • Anonymous

    The first Trillionaires were Hank Paulson, Nancy Pelosi and Obama. Two down a one to go!

  • Anonymous

    We are over 14 trillion in debt. That’s 14 million every day for nearly 3000 years.

    Ahem…mi, mi, mi…

    There’s a hole, there’s a hole, there’s a hole in the bottom of the “C”. (Congress)

    Makes Madoff look like Mother Teresa.

    • Anonymous

      Madoff learned all his lessons from the government itself, except for the most important one. They permit no challenge to their monopoly in the field of panzi schemes.

      • Zaza69

        The govt hates competition!

        • Anonymous

          http://praxeology.net/GM-PS.htm

          Gustave De Molinari said over a century to allow competition in the production of security rather than assuming fiat monopoly to the State.

    • Anonymous

      Madoff learned all his lessons from the government itself, except for the most important one. They permit no challenge to their monopoly in the field of panzi schemes.

  • Anonymous

    Was well done, a million dollars a day for 3000 years is incredible.

    I believe in Glenn’s “Broke” a trillion is described as a $100 bill placed at the corner of a college football field, then stacked 7ft high with other $100 bills, then filled from corner to corner with those 7ft high stacks.

  • KeninMontana

    I would like to propose a new treatment organization one that is administered and staffed by taxpayers. It will be known as Spenders Anonymous and will incorporate Dave Ramsey’s Financial Peace University program. It shall be required of all those seeking political office, if they cannot complete and pass it,they are ineligible to come anywhere near the people’s money.

    • no_treble

      I support this idea.

  • no_treble

    That is amazing, and does a better job of driving home how much money that is than most other analogies I’ve heard. Although he did say “almost 3000″ which turns out to be about 2740 years by my calculations.

    1MM per day x 1yr = 365,000,000
    365,000,000 x 2739.7261 years = 1,000,000,026,500

    So to reach the 3.5 Trillion Obama has further sunk us into, it will take spending 1 million dollars a day for 9589.04135 years.

    To reach the 14 trillion, 244 billion, 133 million plus that we currently owe according to http://www.usdebtclock.org (with 1.7 trillion of that being owed to Communist China: http://www.washingtontimes.com/news/2010/mar/02/chinas-debt-to-us-treasury-more-than-indicated/), it would only take a million dollars a day for 39,025 years.

    How uplifting…

    • http://twitter.com/bteacher99 Brenda Morton

      At one million USD per day, that’s “only” $62,500 per hour (with 8 hours a day for rest). I don’t make that much money in an entire year.

      • Ira Thurby-Wright

        that’s “only” $62,500 per hour (with 8 hours a day for rest). I don’t make that much money in an entire year!

        Well, you had better hope for a pay raise or look for a higher paying job, because that’s how much a loaf of bread is going to cost in this Zimbabwian economy.

    • http://twitter.com/bteacher99 Brenda Morton

      At one million USD per day, that’s “only” $62,500 per hour (with 8 hours a day for rest). I don’t make that much money in an entire year.

  • http://twitter.com/bteacher99 Brenda Morton

    How much is a trillion? http://www.pagetutor.com/trillion/calculations.html

    There’s much ink and paper needed to print all that, and energy for transport, too.

    Let’s not print any more money to cover our spending habits; let’s spend less!

  • Anonymous

    Holy Crap!

  • Jimbo

    The money this country has spent and will spend and wastes is simply a crime beyond comprehension. 535 idiots who know nothing about economics.

  • http://twitter.com/gothicreader JW

    So true!!!
    The republican’s need to come out and explain in layman’s terms the instability of this country and what we all need to do to cut debt of this country. I don’t think the majority of Americans would penalize them for saying the truth and sticking to the truth.

    Granted cutting $4B here, $6B there is helping, but when compared to the trillions of dollars, it’s really nothing.

  • mvale

    Think about this, we are borrowing money that we will never be able to pay back.

  • destroyer of moonbats

    we have failed as a society. the man made the most sense all year and the other folks around him go on like nothing.

  • Patzermom

    Spend $1 million/day it would take almost THREE THOUSAND YEARS to get to $1 trillion.

  • Charleigh

    If you want a profound way to figure out how much 14trillion dollars is. Stack 1.00 bills on top of each other you will have 2 round trips and 1 /2 return trip to the moon.
    Follow tghis calculation.
    paper money .005 thick
    2400 dollars per foot of money
    12,672,000 per mile of money.
    3,160,000,000 = 250,000 miles of money now devide 14.trillion dollars and that equals
    4.4 tripas to the moon