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Monday, Sep. 22, 2014

Unbelievable

Posted Tuesday, October 27, 2009, at 2:13 PM

(Photo)
It has been said, "Borrow money from a pessimist, he doesn't expect you to pay it back," Apparently, we are a nation of pessimist.

The amount of debt that our government has generated is unfathomable for most of us. We have placed our lives and the future lives of our children into the hands of men and women of both parties and they are taking away our hope and our future through unmitigated spending.

Think about this...the Outstanding Public Debt as of 27 Oct 2009 is: $11,908,425,249,161.11. The estimated population of the United States is 307,174,911, so each citizen's share of this debt is $38,767.57. The National Debt has continued to increse an average of $3.3 billion a day since September 27, 2007. Eleven trillion dollars of debt...mind numbing isn't it!

Since I have trouble balancing my check book and any amount over $782 in my savings account is seen as a minor miracle, it is difficult for me to imagine the size of our nations growing debt. Let me try to help us understand this amount in more practical concepts.

David Schwartz, a children's book author whose How Much Is a Million? tries to wrap young minds around the concept. "One million seconds comes out to be about 11 days. A billion seconds is 32 years. And a trillion seconds is 32,000 years...that's right, thirty-two thousand years! Western civilization has not been around a trillion seconds. One trillion seconds ago - 31,688 years was well before the peak of the last ice age which was about 20,000 years ago.

A stack of one trillion $1 bills would reach more than a quarter of the way to the moon. A trillion dollar bills laid end to end would reach the sun (approx. 93 million miles). One trillion dollars in pennies would weigh as much as 2,755,778 Argentinosauruses (the largest known dinosaur).

Think about this, if you started your business when Jesus was born, with an investment of One Trillion Dollars, and you lost One Million Dollars every day, 365 days a year, you would still be in business over 700 years from now!

Let's investigate what one trillion dollars can do:

*$1 trillion could pave the entire U.S. interstate highway system with gold -- 23.5-karat gold leaf.

*It could buy every person on the planet an iPod.

*It could give every high-school student in the United States a free college education.

*It could pay off every American's credit card.

*It could buy a Buick for every senior citizen still driving in the United States.

*America could double the 663,000 cops on the beat for 32 years.

*It could buy 16.6 million Habitat for Humanity houses, enough for 43 million Americans.

*One trillion dollars is enough to run the U.S. government for 103 days.

*One trillion dollars is enough to pay for eleven additional weeks of vacation for every American worker.

*One trillion dollars could repurchase all the homes that were foreclosed on in 2007 and 2008.

*One trillion dollars could pay the rent for every renter in the United States for 3 years or pay the mortgages for every American for 14 months.

*One trillion dollars could pay for all the U.S. military interventions and wars since 9/11.

I don't know about you but I think it is time for our senators and representatives in Congress to stop the spending. Someone has to have the common sense and the courage to say no before its too late...and maybe it already is. Just call me a pessimist.


Comments
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My best advice is to get involved. Go to a tea party, write your congressperson or senator, stay informed and educated. Our biggest problem is that the American public is on auto-pilot. Most people think it's just the same-old, same-old. It's very serious this time folks. Our children won't have much of a future if we don't stand up now and fight back.

-- Posted by 1stcavdad on Tue, Oct 27, 2009, at 4:31 PM

Oh, my, that Buick would be nice...

-- Posted by goat lady on Tue, Oct 27, 2009, at 4:34 PM

Gonna line up and get my Town Car.

-- Posted by Dexterite1 on Tue, Oct 27, 2009, at 8:14 PM

The actual situation is much worse than outlined above. The "official" national debt is based on the US government using the cash basis accounting system that is normally only used by small mom and pop businesses -- since it only counts the money coming in and going out in a given fiscal year. It doesn't include liabilities such as social security, medicare, federal retirement, etc., etc. that are incurred during a given year by the federal government that eventually have to be paid out. The true financial picture is revealed by a US Department of the Treasury document titled: "Financial Statements of the United States Government for the Years Ended September 30, 2008, and September 30, 2007." (available at, http://www.fms.treas.gov/fr/08frusg/08st... ) The treasury document reveals the following unfunded liabilities that ARE IN ADDITION TO THE so-called national debt of $11,908,425,249,161.11.

Social Security = $42.911 trillion

Medicare Part A = $24.619 trillion

Medicare Part B = $21.197 trillion

Medicare Part D = 9.964 trillion

Railroad Retirement = .212 trillion

Total : $98.903 trillion

Add $11.908 trillion ("National debt")

Debt Grand Total = $110.811 trillion (This equals almost $364,000 for each man, woman and child in the U.S.)

But the actual debt figure is TRILLIONS more, because the $110.811 trillion doesn't include the unfunded pension payments to federal employees and military personal.

However, there is even more bad news. In 2007 the unfunded liabilities were $93.383 trillion, while in 2008 they were $98.903 trillion. That means the unfunded liabilities increased by 5.52 trillion in ONE year.

Local, state and federal government spending in 2009 is 45% of the 14.2 trillion U.S. GDP. You do the math. There isn't enough money to cover government spending at current levels, plus have any hope of covering the oncoming liabilities that are going to have to be covered.

-- Posted by FJGuy on Tue, Oct 27, 2009, at 8:46 PM

Well, Dexterite, guess we'll have to forget that Buick and Town Car...

-- Posted by goat lady on Tue, Oct 27, 2009, at 9:27 PM

I suppose you're right gl, I can still sleep good at night. Isn't it funny what we worry and are concerned about at times.

-- Posted by Dexterite1 on Wed, Oct 28, 2009, at 6:26 AM

Brother Warren, I meant no disrespect for your article. I have always respected your service to the Dexter community. It seems we are more concerned sometimes about our environment than the neighbor next door who may be hungry and needs our support. Blessings to your endeavors now.

-- Posted by Dexterite1 on Wed, Oct 28, 2009, at 6:48 AM

Dexterite1, you bring out a good point..about neighbors. As most of us these days, I struggle financially, but that doesn't mean I can't help, even if it is on a smaller scale. And help doesn't always mean dollars and cents. I have a young man living next door who has some health issues..can't drive, so I take him to run errands, grocery shopping and that sort of thing. There are people from his church who help out a lot also, and it really isn't an imposition at all, it is a blessing not only to him but to those of us who can offer help. The 'little' things add up and to me are more important in some ways.

-- Posted by BarbaraNTexas on Wed, Oct 28, 2009, at 8:09 AM

Thanks Barbara, come on back to Missouri, we'd love to have you as a neighbor, not meaning I need help, but knowing there are others willing to be aware of our surroundings. I've mostly stopped watching Headline news on any channel, years ago we were worried about Castro and Cuba, then Russia, then North Korea, then China, then Iraq, now Afgan, and Iran, where does it all end.

-- Posted by Dexterite1 on Wed, Oct 28, 2009, at 9:19 AM

You are absolutely correct...there is always something. And thank you, I would love to be your neighbor and I will be moving back up there at some point, hopefully in the near future. Right now finding a job there could prove a challenge, but I will be so glad to be back close to family. It seems the older I get, the smaller I want my world.

-- Posted by BarbaraNTexas on Wed, Oct 28, 2009, at 2:25 PM

...Iran..health care..H1N1...greedy CEO's...flammable Halloween costumes...autism...Tylenol scare...tanking economy... Let's face it - There's always going to be something to be afraid of. Bro. Warren and his brethren have the answer...but, even then, there's - let's see - Baptist, Methodist, Catholic...contemporary, traditional.... (I'm giving myself a headache.)

-- Posted by goat lady on Thu, Oct 29, 2009, at 6:33 AM

gl, you left out the Mormons, 'you betcha', now that will give you a headache..

-- Posted by Dexterite1 on Thu, Oct 29, 2009, at 7:30 AM

You know Ronald Reagan warned us of this spending craze and the tax and spend liberalism back when he campaigned for Goldwater! Check out this video!

http://video.google.com/videosearch?q=Ro...

1stcavdad, I've been to three tea parties. But we've got do more! We've got to contact our elected officials and tell them "NO more spending!" Claire McCaskill's office never has a real person answering her phones so you'll just have to keep calling her office and leave messages on her phone. We don't need socialism! Socialism has never defeated poverty and never will. I think my hero Charlie Daniels has a good soapbox message on this.

http://www.charliedanielssoapbox.com/vie...

Brother Warren, keep up the good blog'n

-- Posted by swift on Sat, Oct 31, 2009, at 12:15 PM

Two things:

1) If you have to try that hard to sell something, I do not want to buy it.

2) Look what has happened to social security, do you really want the government in charge of health care? Isn't Medicaid and Medicare, public healthcare in their own right?

-- Posted by mobrigade on Mon, Nov 2, 2009, at 11:34 AM

Amen, Mobrigade!

-- Posted by swift on Mon, Nov 2, 2009, at 3:50 PM

How is all that "Hope and Change" working for you morons who voted for the "left"?

-- Posted by Jim Morrison on Thu, Nov 12, 2009, at 1:23 AM

The left can keep their "change", I'll keep my God and Constitution!

-- Posted by swift on Thu, Nov 12, 2009, at 4:25 PM

Yes mobrigade just look what a mess our government

did with social security & medicare! Hard working

people paid it in on every pay check and when they

get ready to retire after 65 or 70 they tell us

that they're broke. WHY WAS THE MONEY COLLECTED used for something else other than what it was

COLLECTED FOR ? You just fall further in a whole

trying to rob Peter to pay Paul it does not work!

-- Posted by sassie on Thu, Feb 18, 2010, at 8:34 PM


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Phil Warren is a local pastor and has lived in the Dexter community for the last 12 years. He has six children and four grandchildren and his wife Cindy is a local teacher. He enjoys photography, reading, writing and golf. He also loves coaching in the local park leagues. Phil spent his early years growing up in the hills near Wappapello Lake. He moved to Granite City, IL. during his grade school years. Phil worked 13 years at McDonnell Douglas Aircraft in St. Louis and has pastored since 1986. He also served in the U.S. Army as a military policeman and was stationed at Ft. Campbell KY. and Seoul, Korea. He attended college at SIUE and Oakland City College.
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