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Old 08-23-2008, 11:18 PM
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fabsroman fabsroman is offline
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Coop,

You are right. That was only 9 billion that I posted and not 9 trillion. 9 trillion dollars looks like this:

$9,000,000,000,000.00

Rattus,

Yes, you can argue that if the government didn't tax people as much, they would have more discretionary income for spending. That is a theory. However, they don't always spend every single dollar of that extra income. Sometimes, they save it instead of spending it, which probably wouldn't be a bad thing with this generation.

Does anybody know what a single year's budget for the US government looks like? Is it more than $9 trillion, or is it less. I actually have no idea what the number is, and it would probably help me put my head around the national debt number. For instance, if somebody owes $9 in debt, but makes $100,000 a year, it is pretty easy to reign in spending to pay off that $9 debt. Now, if somebody owes $100,000 and makes $9 a year, that is a whole different ball game.
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