My Latest Prediction. Want to Bet?

A year ago I posted the above  cartoon about the Gulf oil spill. I predicted that BP would solve the problem sooner than the government would do anything to stop the spill of money they borrow. Well, I’m here to tell you, the government hasn’t stopped the borrowing, and the oil leak is fixed. When I drew the cartoon the debt was 13 trillion dollars, now it is 14 trillion. They can spend money faster than I can draw cartoons.

My latest prediction is that the 172 million gallons of oil spilled into the Gulf will break down into its natural organic components before the government balances its budget, eliminates the deficit, and begins to live within its means.

Really Stacked

My Flag Flies Everyday

My Flag Flies Everyday

Here is another way to look at the size of a trillion dollars. If a trillion one dollar bills were stacked one on top of another, the stack would wrap around the equator of the planet earth 1.89 times.

Subtrafuge

Obama's Spending ChartIn my business, I was taught to look for places to cut costs. This is a graphic world. We can process information easier if we see it graphically. POTUS has been spending money like a drunken sailor, and it’s been bothering the heck out of me. The most recent dialog on the news concerns the massively huge bonus package being given to AIG out of the bailout money from the government.   I agree, one hundred sixty five million dollars is a huge amount of money. It is so large that most people can’t process the number. Most likely because many of us accumulate much less than a million dollars over fifty years of hard work.  Those who do amass that much can retire,  as long as they also receive Social Security. The population is angry that we donate our tax dollars to save a failed company, and then reward the men who caused it to fail with bonuses twenty times larger than a typical nest egg.

What I can’t understand is why the citizens of this good country aren’t upset with the antics of our elected  representatives. The chart above shows it clearly.  All I have done is graph the costs of the federal budget, and the various bailout bills next to the cost of the AIG bonuses. The left side of the chart is graduated in trillions of dollars. I ask you this; if  this chart represented your personal expenses, and you had to trim your spending, where would you look first? Which area would produce the most benefit if it were attacked looking for savings?  Do I have to explain further?  Lee Iaccoa, chairman of the Chrysler Corp wrote that he could cut ten percent out of any budget and no one would notice. Ten percent of the first bar on the chart amounts to three hundred and fifty billion dollars. Any one with a brain could trim that bar deeper than ten percent. If you have a job in manufacturing in the USA you are faced with making cuts of that nature everyday. There are many qualified people who could see where to make cuts. Most of these people are managers, accountants, and engineers. Do we have people from these disciplines sitting in the Capital ?  

Why then, are these morons in the White House and the Capital steering all the news toward the AIG bonuses. Do they think we are as stupid as they are? Do they think the people of the USA are so dumb as to not see through their subtrafuge. It is clear to me they are trying to deflect the news away from massive spending they call “Change You Can Believe In.”  

Here is something to think about; after spending all those dollars shown in the chart all we will have left is “change”  in our pocket.

“$1,000,000,000,000.00 Like It’s Chump Change”

My Flag Flies Everyday

My Flag Flies Everyday

We hear an awful lot of commentary these days about the stimulus bill, the budget, the Porkulus Bill, on and on. Each time we hear the amount of money being spent, politicians and commentators alike bandy about the phrase “a trillion dollars,” like it is pocket change. The number, one trillion, continues to fascinate me. Probably, because  in my mind that number is so large, and unreal I cannot mentally process the information.  

It has taken me fifty five years to accumulate a nest egg large enough to feel comfortable with. In spite of the nest egg, I still have to rely on Social Security to make ends meet.  The egg became scrambled in three short months, and my fifty five years of hard work went down the drain. I must now consider returning to the working population.

My dilemma is this; I spent fifty five years working in a number oriented business, if I can’t process the number, one trillion, how in the world can a bunch of lawyers elected to congress do it? They can’t. They have no clue as to what is happening to their constituents. If they did, they would have done the right thing, and voted the  trillion dollar packages into the toilet where they belong. They would also impeach the president and his cabinet as being incompetent.

As an excercise to get an understanding of what a trillion dollars is, I made a spread sheet to calculate how long it will take to pay off a trillion dollar debt. The numbers are too large to show the entire spreadsheet on this page.

      years to pay off debt
           
debt in trillions   1 2 3 4
payback rate          
1 Million per day   2,740 5,479 8,219 10,959
1 Million per hour   114 228 342 457
100 Million per day   27 55 82 110
1 Billion per day   3 5 8 11
1 Billion per hour   0 0 0 0

My three year old  grandchild will be thirty years old if we pay back one trillion dollars of deficit at a rate of one billion dollars per day, and not spend another dime along the way. We don’t have one trillion dollars of deficit, we have ten,  and it continues to grow exponentially. Only the fat cats in congress will survive.  

 Send the tea bag, vote them out of office, do what it takes to get the lazy bastards out of office. Elect some people who are real citizens, and  who care about the country, and its people. If we don’t take radical action now to stop  “Change We Can Believe In,” only the fats cats will survive. The rest of us will spend the rest of our lives waiting in lines to get a roll of toilet paper.

Slavery to Slavery?

My Flag Flies Everyday

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?

How Much Is A Trillion?

The last few days I have heard the words “trillion dollars” bandied about like it meant a dollar. Just what is a trillion? How many of us have tried to fathom what a trillion dollars is? I like to break things down into terminology that I can understand. I worked for over fifty years, and my lifetime salary approached something like three million dollars. Sounds like alot doesn’t it? Well I earned that much over a fifty six year period.  A very significant portion (about $800,000.00)of that salary went to pay taxes to the state and federal governments. At this moment the federal government is considering spending seven hundred and fifty billion dollars to correct a mistake they created.

 

A trillion is the number “one” followed by twelve zeros ($1,000,000,000,000.00). Lets break that down to something more basic. Lets say that you turned twenty-one years old today, and because of new technology we know you will live to one hundred. That translates into seventy nine years or 28,835 days of life. How lucky you are. Now lets divide a trillion dollars by twenty eight thousand eight hundred and thirty five days. The answer is thirty four million six hundred eighty thousand and seventy six ($34,680,076.00) per day, or one million four hundred forty five thousand and three ($1,445,003.00) per hour 24/7. Do you really think you could spend that much? Think about it. It took me fifty six years to earn three million dollars, and I had a very nice life. Sure I could have used more money, but I can’t imagine spending thirty four million in my lifetime much less spending it every day for seventy nine years.

Here is another way to put the number one trillion. Lets say that we wanted to buy a nice double wide manufactured home for some of the poor people in this country. How many could we buy if they cost one hundred thousand dollars a piece? Are you ready for the answer, ten million.

The whole reason for the sub prime mortgage fiasco was to lower the lending rules so poor people could buy homes. Well the program exceeded our expectations. It is costing us nearly a trillion dollars. I think the government would have been smarter to give each poor family a manufactured home. Think of the jobs that would have created. Making that many houses takes alot of effort. With four people living in each of these homes we could have housed forty million people, over ten percent of the population. Instead, we have people losing their homes, banks going out of business, and our country is at risk of a “great” depression. The politicians are pointing at the greed of Wall Street as the root cause. The Feds created two organizations for the purpose of creating investment vehicles for investors. They really got iinto the “greed” thing and decided it was great scam so they hid thousands of known bad loans into packages that were sold to banks and to investors. Sure the investors were greedy, I am too when it comes to my pension. What I nor anyone else knew is that our glorious leaders were pirates. Many politicians profited from this effort also. The “Wonder Man”  BO was among them. By the way, BO is also connected to the invention of the entire scheme.

This great program to become socialist is going to cost each one in the population twenty eight hundred and fifty seven dollars($2857.00). That means me, you, your wife, and each of your kids, etc. for every single member of the 350,000,000 population.

I happen to think I can do better with my money than to give it to Uncle Sam to pay for his mistakes. I sure don’t want to give the responsibility of spending trillions to a socialist leaning BO.

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