Beltway Harry May Need to Get Home More Often
Posted in Main Blog (All Posts) on October 22nd, 2009 4:32 am by HL
Beltway Harry May Need to Get Home More Often
America’s Banana Republic Economy
James Pethokoukis, Reuters
Trillions of Reasons to Worry About Spending
Jay Ambrose, DC Examiner
A friend recently gave me a sense of how much a trillion is with an illustration you can also find on various Internet sites. A million seconds, he said, is 12 days, while a billion seconds is 31 years. A trillion seconds? That's 31,688 years.In other words, a trillion is a whole, whole lot, and that's something you might keep in mind when reading that the U.S. deficit for 2009 is now projected at $1.4 trillion, which is a cool trillion more than the deficit in 2008 and the most government spending as a percentage of gross domestic product – 10 percent – since World War II.It would…
