Michael J. Fell
The Congressional Budget Office puts the cost of the House of Representatives’ health care bill at $1.055 trillion. Everyone has an understanding that a trillion dollars is a lot of money, but do people truly understand exactly what a staggering amount it is?
Let’s put it in perspective. Imagine you decided to count $1 trillion. If you count one dollar per second, (without taking a single break to sleep, eat, or tend to any other human necessities) it will take you
320 centuries to count to $1 trillion.
Proposing to spend this much money on anyother government entitlement pogram is preposterous, especially a health care bill that still leaves millions uncovered.
If we look at this spending in the larger context of our current deficits and our outstanding national debt it gets even more insane.
The current national debt is roughly $12 trillion. If you wanted to count to $12 trillion at one dollar per second it will take you 3,840 centuries. However, this isn’t the complete story. Our national debt is only a part of the picture. The national debt is what the Federal government actually owes to foreign countries after borrowing from them. If you want to see the bigger picture you’ll want to factor in our unfunded liabilities for such entitlement as Social Security, Medicare, Medicaid, etc.
What exactly is an unfunded liability? It’s money that the United States has promised to spend in the future, but haven’t put into any budget, or determined where the money is going to come from.
The current amount of unfunded liabilities that the United States is responsible for is $106 trillion.
Should we endeavor to count that high using our established method, it will take 339,200 centuries. That’s 33,920,000 years!
After looking at our country’s current financial situation from a logical perspective, can anyone still justify spending more money on yet another entitlement program?
How this can be justified escapes me.
If I’ve said it once, I’ve said it a hundred times. The United States government needs to STOP SPENDING MONEY!