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| WSJ |
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| Source HERE |
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Thursday, February 24, 2011
The Federal Budget buy the numbers....and what does a Trillion Dollars look like??
The number "trillions" is the new norm. Whether it is revenues, spending or worse--budget deficits. The graphic below represents ONE Trillion dollars ($1,000,000,000,000) in $10,000 bundles each containing one hundred $100 dollar bills. This years budget deficit is projected to be $1.1 Trillion (probably going to be much more). Notice the average size man in the lower left hand corner.
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Wow... 77% of the money spent here is going into social welfare programs. I'm not saying that we get rid of them, but if we don't, at what point do people start coughing up more dough to pay for their retirement? Another way to look at it is we spend roughly 1/7 of our GDP last year on medicare, medicaid, and social security, or about 40% of China's GDP.
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