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Dec 01 2012

A Powerball Ticket Every 81 Minutes

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.

money-down-drain

On a tip from Ghost of FA Hayek.

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  • Spider

    The elected lying crooks never have a problem spending, wasting, giving away, and/or stealing our money. And, based on the results of the last election, the American sheeple don’t seem to mind much either.

  • dan

    Debt star….priceless,Dave.

    What say we disavow the interest on the money we had conjured -up for us out of thin air…or… print up an imaginary note to pay off the imaginary debt in full ?

  • Bob Roberts

    I always described lotteries as “a voluntary tax on the mathematically challenged”.

    However, people DO win and you have to play to win.

    Some enjoy spending a bit of their disposable income on lottery tickets. Hey, it’s their money, they can waste it however they choose!

  • Bob Roberts

    The CA lottery was billed as a method to save our state educational system.

    Most of the monies collected went to pet socialist projects instead.

    To this day they’re claiming that a bulk of the CA lottery money goes to education, and yet they just had to impose multiple new taxes to “save our education system”.

    Well, giving away education to illegal aliens while making U.S. citizens pay for it is one reason.

    Not that many of us didn’t warn in advance that was EXACTLY what would happen.

  • Ghost of FA Hayek

    Bob
    Back in 08 voters approved a sales tax increase here called the “Legacy fund”
    It was pitched as funding to clean up Minnesota’s supposedly dirty lakes.
    Never mind that those same lakes are CLEANER now than at any time in recorded history.

    Soon after, it was revealed that a portion of those funds were dedicated to the arts and (go figure) public radio.
    Now libs are bitchin that this fund is really replacing money normally spent out of the general fund, so the rest gets diverted as well.
    http://www.startribune.com/politics/statelocal/138903379.html?refer=y

  • AC

    Bob, many lottery players spend our money on tickets.

  • Warlord

    Whoever spends it, it is voluntary taxation.

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