My Flag Flies Everyday
I got to thinking about those trillions the government is throwing at earmark projects called stimulus. I asked myself how many people could a trillion dollars really help? I looked at three items that people spend money on: house, car, and college education.
Here is how it works out:
1. How many $200,000.00 houses can one buy for a trillion? A two hundred thousand dollar house is probably affordable for most of the population.
ans: Five million
2. How many cars valued at $25,000.00 each? Not a Lexus or Cadillac, but a Ford Focus will get you to where you need to go.
ans: Forty million.
3. How many students could spend $40,000.00 on college tuition? This one assumes you spend three hundred dollars per credit hour and you require one hundred and thirty credits to get a degree, and live with your parents.
ans: Twenty five million five hundred thousand.
A trillion dollars given away in this fashion would most likely stimulate the economy. Instead we will direct the money through a filter called “government.” The end result will be that only a third will get to the consumer. The remainder will be lost in management fees. In big government management fees are more commonly referred to as GRAFT.
What BHO failed to tell the people of the USA is that his redistribution of wealth will make everyone in the country a slave. By robbing the rich to give to the poor, the result will make everyone poor.
The direction of the country toward “Change You Can Believe In,” will bankrupt the treasury. The end result is that the greatest country in the history of the earth will become a slave to the countries who buy our debt.
Barack likes to compare himself to Abraham Lincoln. While Lincoln freed a small number of the population who were slaves, Barack will enslave the entire country. How will that happen?
We will borrow the money from China or other countries. In order for them to loan us the money, we will have to make it worth their while. We will have to pay higher interest. Higher interest will mean that the government has less money to pay for the programs that they have legislated into law. In other words if it takes a trillion dollars to run the country, we’ll now have to add the interest to that. Where will the government get the extra money? They have two ways: 1. Pass the expense to the tax payer by increasing his contribution. 2. Print more money to cover the bill. This means that your money is worth less than it was before. I already have trouble making ends meet on my fixed income.
Here is what the interest payment looks like on a trillion dollars:
| Interest rate-percent |
|
interest payment |
| 2 |
|
20,000,000,000.0 |
| 3 |
|
30,000,000,000.0 |
| 4 |
|
40,000,000,000.0 |
| 5 |
|
50,000,000,000.0 |
| 6 |
|
60,000,000,000.0 |
| 7 |
|
70,000,000,000.0 |
| 8 |
|
80,000,000,000.0 |
| 9 |
|
90,000,000,000.0 |
| 10 |
|
100,000,000,000.0 |
In case you have a problem reading all those zeros, they are billions.
Mark my words, this country is headed for another civil war with the rampant spending under this president. Isn’t civil war another issue that Lincoln had to deal with?
Filed under: economy, Election, family, Government, Manufacturing, Motivation, politics, Uncategorized | Tagged: Abraham Lincoln, Barack Obama, Big Government, Cadillac, Car, China, Civil War, economy, Ford Focus, graft, House, Interest, rich, slaves, Stimulus, Tax, trillion, Tuition | 3 Comments »
