13 Ways to Spend $1 Trillionby Kevin McCormallyKiplinger Jul. 28, 2010 |
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![]() The government traffics in stolen goods, be it through taxation or indirectly through inflation. Every single dollar the government spends is a dollar taken out of the real economy. If this money was merely left for individuals in the free market to decide how it was spent, it would reengineer society in a direction away from government and towards what people actually want and are willing to pay for. Instead they steal the wealth society produces and burn it on social engineering and corporate welfare. - ChrisConfronting the federal deficit starts with grasping just how colossal that number actually is. So, what would $1 trillion get you? The figure is almost incomprehensible: $1,000,000,000,000. One trillion dollars. That's a dozen zeros. The Congressional Budget Office reports that during the first nine months of fiscal 2010 -- which ends September 30 -- the federal government spent $1 trillion more than it took in. That's another $1 trillion added to a total national debt that stood at just over $13 trillion as of the Fourth of July. (On the bright side, the trillion-dollar nine-month deficit was about $80 billion less red ink than flowed during the same period last year.) Read More |