Just how fast are our rulers spending the country into oblivion? This gives an idea:
After most Americans get off work today they will head over to the nearest gas station to pick up a Powerball ticket. With a jackpot like $550 million at stake, multiple ticket purchases will certainly be within reason. After all if someone’s going to win, it might as well be me, right? And a dollar for the chance to imagine what one could buy with that kind of money is priceless.
Meanwhile, in the federal Debt Star…
In fiscal year 2012, which ended on September 30, 2012, the government spent a whopping $3,538,286,000,000. Being that there are 525,600 minutes in a year, that means the government spent $6,731,898 a minute last year. Knowing this, how long would it take the government to spend the $550 million Powerball jackpot of your dreams? 81 minutes.
Maybe $550,000,000.00 isn’t as much money as we thought:
With the current national debt at over $16,317,280,044,971, the federal government would have to win the Powerball jackpot 29,667 times to pay off the national debt.
The 2012 federal deficit racked up at $1.1 trillion, so Washington would have to win 2,000 times if it were to balance the budget last year.
There is a line between recklessness and deliberate destruction. Our government — comprised of the worst enemies America has ever faced — has obviously crossed it.
On a tip from Ghost of FA Hayek.