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Keyword: trillion

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  • Fannie-Freddie Bailout Could Cost Taxpayers $1 Trillion

    06/29/2010 9:31:15 AM PDT · by NormsRevenge · 27 replies
    CNBC ^ | 6/29/10 | Steve Liesman
    For American taxpayers, now on the hook for some $145 billion in housing losses connected to Fannie Mae and Freddie Mac loans, that amount could be just the tip of the iceberg. According to the Congressional Budget Office, the losses could balloon to $400 billion. And if housing prices fall further, some experts caution, the cost to the taxpayer could hit as much as $1 trillion. Two things are clear: Taxpayers don’t want to foot the bill, and Fannie and Freddie, taken over by the government in 2008 to stanch the financial bloodletting, need a major overhaul.
  • National Debt Soars Past $13 Trillion (US GDP is $14 Trillion)

    05/28/2010 6:49:21 AM PDT · by SeekAndFind · 11 replies · 324+ views
    ABC News ^ | 05/28/2010 | Alice Gomstyn
    The U.S. national debt has passed the $13 trillion mark, according to USDebtClock.org, an independent website that tracks the real-time growth of U.S. revenues and spending. Global markets decline amid pessimism over bailout package for Greece. On Tuesday, the national debt stood at $12,995,779,490,444.52, according to the Treasury Department's national debt-tracking website TreasuryDirect.gov. The Treasury Department did not immediately return a request from ABC News for comment. Senate Minority Leader Mitch McConnell , R-Ky., wasted no time in sounding an alarm about the new debt milestone. In a statement released today, McConnell cited the debt in his criticism of what's...
  • Why state pension funds may need a $1 trillion bailout ("a problem of monumental proportion")

    05/22/2010 12:46:07 AM PDT · by Libloather · 12 replies · 767+ views
    CNN ^ | 5/20/10 | Hibah Yousuf
    Why state pension funds may need a $1 trillion bailoutBy Hibah Yousuf, staff reporter May 20, 2010: 12:31 PM ET NEW YORK (CNNMoney.com) -- Ready for another government bailout? Taxpayers could be on the hook within the decade if current state pension system isn't reformed. Even if they continue to rake in the projected 8% in annual returns, pension funds in at least seven states -- Illinois, Louisiana, New Jersey, Connecticut, Indiana, Oklahoma, and Hawaii -- could dry up by 2020, and 31 states could be in trouble by 2030, according to a recent study by Northwestern University economist Joshua...
  • AP Exclusive: Social Security needs small 'tweaks' (or $5.3 TRILLION to cover shortfall)

    05/17/2010 3:45:15 PM PDT · by Libloather · 21 replies · 635+ views
    Denver Post ^ | 5/17/10 | STEPHEN OHLEMACHER
    AP Exclusive: Social Security needs small 'tweaks'By STEPHEN OHLEMACHER Associated Press Writer Updated: 05/17/2010 02:33:00 PM MDT WASHINGTON—Social Security faces a $5.3 trillion shortfall over the next 75 years, but a new congressional report says the massive gap could be erased with only modest changes to payroll taxes and benefits. Some of the options are politically dangerous, such as increasing payroll taxes or reducing annual cost-of-living increases for Social Security recipients. Others, such as gradually raising the age when retirees qualify for full benefits, wouldn't be felt for years but would affect millions. Many wouldn't affect current recipients, according to...
  • Euro Bailout: What is Another Trillion If You’ve Already Spent $1 Trillion?

    05/10/2010 8:42:37 PM PDT · by advance_copy · 9 replies · 333+ views
    Wall Street Journal ^ | 5.10.2010 | Michael Corkery
    It is hard enough keeping track of the U.S. financial rescue — between the front door bailouts of Wall Street and Detroit and the “back-door” bailouts of AIG’s counterparties. Well, try keeping track of how many billions have now been spent propping up the European banking system since the financial crisis in 2008. As global stock markets cheer the $955 billion rescue for troubled euro-zone economies, no one is cheering louder than U.K and European banks. After being hammered last week for their exposure to Greece and other troubled European nations, banks such as Barclays, Deutsche Bank, RBS, Lloyds and...
  • The Abject Failure Of The Obama Presidency – Part 8

    04/28/2010 9:43:53 AM PDT · by Stoutcat · 149+ views
    Grand Rants ^ | 04-28-10 | Gerry Ashley
    "You cannot keep out of trouble by spending more than your income."Let me be clear about this: The United States is teetering on the edge of financial oblivion and it would be both factually incorrect and misleading to suggest the blame for this lies at the feet of the Obama administration. Neither the mainstream media nor Congress, nor most of the Presidential administrations over the past 40-50 years have been totally honest with the American public about this. But the numbers don’t lie, even if the politicians do...
  • Media Ignore “Stimulus” Fraud; Fret over $1,946.25 Spent by Republican on Girlie Show

    04/03/2010 10:10:43 AM PDT · by myhealthismybusiness · 3 replies · 249+ views
    VOL ^ | 4-2-10 | VOL
    Bad news on Good Friday for Obama: For the third consecutive month, the nation’s unemployment remains at 9.7 percent. Leftists will quickly point out that the economy did add 160,000 jobs, but will conveniently forget to tell you that those are temporary government jobs filled to misstate the 2010 census numbers so as to fraudulently increase the Democrats' numbers in Congress. Missing from the news is any hint of moral indignation or outrage over the missing trillion dollars that President Obama promised would save or add millions of jobs once the “stimulus” kicked in. Whatever happened to those trillion dollars,...
  • The $50 Trillion Picture

    03/23/2010 9:40:59 PM PDT · by bananaman22 · 3 replies · 378+ views
    OilPrice.com ^ | 03/23/2010 | Dave Forest
    The picture below is worth a thousand words. And $50 trillion. Financial Assets held by households - Chart (Unable to post chart - please see link at end) This was just released by the Bank of Japan as part of their new "flow of funds" reporting. Basically, it outlines the composition of Japanese household assets versus counterpart households in America. The major point of note is the discrepancy in savings versus equity investments. Recently, there has been speculation that Japan is not saving as much as it used to. This is a critical issue for the Japanese economy. Japan is...
  • How big is a trillion?

    03/11/2010 1:51:28 PM PST · by OldNavyVet · 65 replies · 1,221+ views
    Old Navy Vet | 11 March 2010 | OldNavyVet
    Now that our government is daily dealing in trillions of dollars, my question is ... How big is a trillion?
  • NBC Nightly News puts price tag on Commiecare™ over the next 10 years - $900 TRILLION!

    02/26/2010 7:14:45 PM PST · by Libloather · 39 replies · 1,771+ views
    Schnitt Show ^ | 2/26/10
    \ Screen Shot of NBC Nightly News - 900 Trillion
  • House agrees to $1.9 trillion more debt (up to 14.3 Trillion ceiling)

    02/04/2010 2:47:16 PM PST · by NormsRevenge · 41 replies · 1,245+ views
    AP on Yahoo ^ | 2/4/10 | Andrew Taylor - ap
    WASHINGTON – The House on Thursday voted to allow the government to go $1.9 trillion deeper in debt — an increase of about $6,000 more for every U.S. resident that provided a vivid election-year reminder of the nation's perilous financial condition. The huge debt increase, approved 217-212, is only enough to keep the government afloat for about another year as it borrows more than 40 cents of every dollar it spends on programs like defense, health care, feeding the poor and protecting the environment. The budget tops $3.7 trillion this year and the deficit's approaching $1.6 trillion under the budget...
  • White House Unveils $3.8 Trillion Budget Monster (Update)

    02/01/2010 5:21:23 PM PST · by Biggirl · 2 replies · 257+ views
    http://radioviceonline.com ^ | February 1, 2010 | Steve McGough
    This budget is for the record books. While distributing the largest federal budget in the history of the world, administration staffers reminded everyone the country would be running huge deficits for the foreseeable future, and there is nothing anybody can do about it. $3.8 trillion …. $3.8 trillion. Scroll down for the update. Remember when Democrats and conservatives alike used to complain about $300 billion deficits? Hah! $1 trillion is the new billion baby. From the Washington Times.
  • Dems to lift debt ceiling by $1.8 trillion, fear 2010 backlash

    12/10/2009 10:49:19 AM PST · by Reaganesque · 10 replies · 673+ views
    Politico ^ | 12/09/09 | David Rogers
    In a bold but risky year-end strategy, Democrats are preparing to raise the federal debt ceiling by as much as $1.8 trillion before New Year’s rather than have to face the issue again prior to the 2010 elections. “We’ve incurred this debt. We have to pay our bills,” House Majority Leader Steny Hoyer told POLITICO Wednesday. And the Maryland Democrat confirmed that the anticipated increase could be as high as $1.8 trillion — nearly twice what had been assumed in last spring’s budget resolution for the 2010 fiscal year. The leadership is betting that it’s better for the party to...
  • GLENN BECK TV THREAD! Monday, November 30, 2009

    11/30/2009 1:33:37 PM PST · by rockabyebaby · 111 replies · 2,370+ views
    Fox News ^ | November 30, 2009 | Glenn Beck
    Dubai and California, how alike are they? STAND UP AMERICA, GET OUT OF THE FETAL POSITION AND MAKE YOUR VOICES HEARD. Welcome to the GLENN BECK television thread...Shake the cobwebs out of your brain...We are another day closer to the REVOLUTION that will change the 2010 elections. All comrades, infidels, sick twisted freaks and lurkers are welcome and are encouraged to participate in the thread. Join us for a head exploding hour of GLENN BECK!
  • ObamaCare’s Cost Could Top $6 Trillion

    11/30/2009 12:07:07 PM PST · by Nachum · 6 replies · 471+ views
    cato ^ | 11/30/09 | Michael F. Cannon
    ongressional Democrats are using several budget gimmicks to disguise the cost of their health care overhaul, claiming the House and Senate bills would cost only (!) about $1 trillion over 10 years. Now that critics have begun to correct for those budget gimmicks, supporters of ObamaCare are firing back. One gimmick makes the new entitlement spending appear smaller by not opening the spigot until late in the official 10-year budget window (2010–2019). Correcting for that gimmick in the Senate version, Sen. Judd Gregg (R-NH) estimates, “When all this new spending occurs” — i.e., from 2014 through 2023 — “this bill...
  • New York Times: Pelosi Lied - Health Care Bill Costs $1.055 Trillion

    10/31/2009 6:55:09 AM PDT · by Bill Dupray · 16 replies · 756+ views
    Patriot Room ^ | October 31, 2009 | Bill Dupray
    The incessant stream of lies out of the Democrats is amazing. This is the New York Times flat out saying that Pelosi tried to pull one over on us on the cost of her bill. Throughout Thursday, news accounts, including our own, focused on $894 billion, the total cost given out by aides to the House speaker, Nancy Pelosi, before the official cost analysis was released by the Congressional Budget Office. But a closer look at the budget office report suggests that the number everyone should have reported was $1.055 trillion, which is the gross cost of the insurance coverage...
  • House health care bill exceeds $1 trillion (Now they're talking some series jing)

    10/23/2009 3:13:34 PM PDT · by NormsRevenge · 21 replies · 1,360+ views
    ap ^ | 10/23/09 | David Espo - ap
    WASHINGTON – Health care legislation taking shape in the House carries a price tag of at least $1 trillion over a decade, significantly higher than the target President Barack Obama has set, congressional officials said Friday as they struggled to finish work on the measure for a vote early next month. Democrats have touted an unreleased Congressional Budget Office estimate of $871 billion in recent days, a total that numerous officials acknowledge understates its true cost by $150 billion or more. That figure excludes several items designed to improve benefits for Medicare and Medicaid recipients and providers, as well as...
  • CBS's Couric Finally Notices Obama's $1.4 Trillion Deficit[Shrinking Private Sector]

    10/18/2009 3:52:48 PM PDT · by Son House · 34 replies · 2,318+ views
    Media Research Center ^ | October 17, 2009 | By: Rich Noyes
    Back on October 7, when the Congressional Budget Office reported that the federal deficit had ballooned to a massive $1.4 trillion during President Obama’s first year on the job, Katie Couric’s CBS Evening News did not tell viewers. But Couric finally caught up to the bad news after the Obama White House put out its final numbers on Friday afternoon. Couric disclosed the news in a brief item on the October 16 Evening News that never mentioned Obama by name: “It’s the biggest IOU Uncle Sam has ever written. Government figures out today show for the last fiscal year, which...
  • $1.4 Trillion Deficit Complicates Stimulus Plans ($21 trillion debt - find your job on the map!)

    10/17/2009 3:45:28 PM PDT · by Libloather · 4 replies · 739+ views
    NY Times ^ | 10/16/09 | JACKIE CALMES
    $1.4 Trillion Deficit Complicates Stimulus PlansBy JACKIE CALMES Published: October 16, 2009 WASHINGTON — The Obama administration said Friday that the federal budget deficit for the fiscal year that just ended was $1.4 trillion, nearly a trillion dollars greater than the year before and the largest shortfall relative to the size of the economy since 1945. The number, while lower than forecast a few months ago, underscored the challenges ahead in shrinking the deficit even as the White House and Congress are considering more steps to stimulate an economy that is making a slow recovery. The political hurdles to finding...
  • Federal deficit hits all-time high $1.42 trillion

    10/16/2009 2:00:28 PM PDT · by NormsRevenge · 12 replies · 525+ views
    AP on Yahoo ^ | 10/16/09 | Martin Crutsinger - ap
    WASHINGTON – The federal budget deficit has surged to an all-time high of $1.42 trillion as the recession caused tax revenues to plunge while the government was spending massive amounts to stabilize the financial system and jump-start the economy. The imbalance for the budget year ended Sept. 30, more than tripled last year's record. The Obama administration projects deficits will total $9.1 trillion over the next decade unless corrective action is taken. As a portion of the economy, the budget deficit stood at 10 percent, the highest since World War II, according to government data released Friday. President Barack Obama...
  • US Deficit 'Hits Record $1.4Tn'

    10/08/2009 6:10:39 PM PDT · by Steelfish · 16 replies · 671+ views
    BBC News ^ | October 08, 2009
    US Deficit 'Hits Record $1.4Tn' The US budget deficit hit a record $1.4 trillion (£877bn) in the year to 30 September, US Congress estimates say. Analysts had predicted a $1.6tn deficit but revised the estimate, which comes after the end of the US financial year. The deficit was equal to 9.9% of gross domestic product (GDP) - more than treble the 2008 level and the highest since the end of World War II. The surging deficit was put down to increased government spending and a big drop in tax revenues. The Treasury Department will report the actual deficit later this...
  • U.S. issues $7 trillion debt, supply to stabilize

    09/23/2009 9:25:00 PM PDT · by Nachum · 19 replies · 956+ views
    Yahoo ^ | 9/23/09 | Burton Frierson
    NEW YORK (Reuters) - The U.S. government will have issued $7 trillion in bonds by the time the current fiscal year ends next week, but it expects the debt deluge to stabilize by mid 2010, a Treasury official said on Wednesday. Though markets and the economy are improving, efforts to provide a firm foundation for recovery will require increases to the U.S. Treasury's conventional bonds going forward, as well as debt securities that are indexed to inflation.
  • What does a trillion dollars look like...? - VANITY

    09/15/2009 1:01:43 PM PDT · by BruCru · 14 replies · 771+ views
    Multiply this stack by 7 and that is what NObama is thowing away! http://www.ptm.org/uni/resources/ptmupdate/032309/conclusion.html
  • Federal deficit hits $1.38 trillion through August

    09/11/2009 12:38:57 PM PDT · by NormsRevenge · 26 replies · 1,555+ views
    AP on Yahoo ^ | 9/11/09 | Martin Crutsinger - ap
    WASHINGTON – The federal deficit surged higher into record territory in August, hitting $1.38 trillion with one month left in the budget year. The soaring deficits have raised worries about the willingness of foreigners to keep purchasing Treasury debt. The Chinese, now the largest foreign owners of U.S. Treasury securities, have expressed concerns about runaway deficits. Treasury Secretary Timothy Geithner and other administration officials have sought to address those concerns by insisting that once the recession is over and the financial system is stabilized, the administration will move forcefully to get the deficits under control. However, Republican critics contend the...
  • What Does One Trillion Dollars Look Like?

    09/07/2009 7:35:09 AM PDT · by Dallas59 · 13 replies · 1,421+ views
    PTM Weekly ^ | 3/23/2009 | PTM Weekly
    Each "pallet" equals 1 billion dollars...
  • Obama To Hike 10-Year Deficit to $9 Trillion

    08/21/2009 2:31:06 PM PDT · by khnyny · 140 replies · 6,461+ views
    Reuters ^ | August 21, 2009 | Jeff Mason
    WASHINGTON (Reuters) - The Obama administration will raise its 10-year budget deficit projection to roughly $9 trillion from $7.108 trillion in a report next week, a senior administration official told Reuters on Friday. "The new forecasts are based on new data that reflect how severe the economic downturn was in the late fall of last year and the winter of this year," said the official, who is familiar with the plans. "Our budget projections are now in line with the spring and summer projections that the Congressional Budget Office put out." The CBO said in June that deficits between 2010...
  • Private sector can't afford public sector employees

    07/21/2009 7:54:33 AM PDT · by WOBBLY BOB · 15 replies · 731+ views
    The Tampa Tribune ^ | july 4 2009 | John Reiniers
    USA Today reports that "The federal government has unfunded obligations of $1.2 trillion to pay for retired health care for retired federal workers ... and Medicare and Social Security obligations pushing the total to more than $5 trillion."
  • US financial market bailout tab hits $4.7 trillion

    07/20/2009 3:09:14 PM PDT · by Oldeconomybuyer · 79 replies · 3,025+ views
    AP via Google News ^ | July 20, 2009 | By JIM KUHNHENN
    WASHINGTON — The federal government has devoted $4.7 trillion to help the financial sector through its crisis, a level of assistance equal to about one-third of the overall U.S. economy, a watchdog report said Monday. Under the worst of circumstances, the report said, the government's maximum exposure could total nearly $24 trillion, or $80,000 for every American. The figures are part of a tough new quarterly report to Congress from special inspector general Neil Barofsky, who accuses the Treasury Department of repeatedly failing to adopt recommendations aimed at making one component of the government financial rescue effort more accountable and...
  • U.S. budget deficit rises above $1 trillion

    07/13/2009 12:47:52 PM PDT · by SeekAndFind · 13 replies · 620+ views
    Market Watch ^ | 7/13/2009 | Robert Schroeder
    WASHINGTON (MarketWatch) -- The U.S. recorded a federal budget deficit of $94.3 billion in June, pushing the cumulative deficit so far this year to a record $1.08 trillion, the Treasury Department reported Monday. Outlays rose in June to $309.6 billion, while receipts climbed to $215.3 billion in the month. Among the outlays for June is $11.3 billion in Troubled Asset Relief Program funds, the bailout program for banks and U.S. automakers. At this time last year, the cumulative federal budget deficit was just $285.8 billion. The Obama administration expects a deficit of $1.84 trillion for the full fiscal year, which...
  • Stealth Wealth Redistribution

    07/07/2009 5:31:28 AM PDT · by dscott8186 · 6 replies · 381+ views
    The Publius Forum ^ | July 7, 2009 | Dan Scott
    A number of warnings have gone out about the printing of money. The Federal Reserve has been injecting money into the economy by buying US Treasuries in an attempt to keep down interest rates. Their efforts thus far are beginning to fail as bond rates are starting to climb. As we all know, the US Treasury has been forced to issue ever increasing amounts of bonds to finance Congress’s irresponsible spending. The chilling part is the bulk of the Stimulus money has yet to be spent meaning the US Treasury will have to significantly ramp up its bond sales to...
  • Key senator says $1 trillion health bill possible

    06/25/2009 10:26:37 AM PDT · by americanophile · 24 replies · 1,198+ views
    Yahoo! News ^ | June 25, 2009 | ERICA WERNER and DAVID ESPO, Associated Press Writers
    WASHINGTON – A bipartisan group of senators at work on health care reported progress Thursday in holding the cost of legislation to their $1 trillion target, but Republicans quickly added there was no agreement on even the outlines of a bill. "We have options that would enable us to write a $1 trillion bill, fully paid for," Sen. Max Baucus, chairman of the Senate Finance Committee, told reporters. His comments came one week after analysts set the cost of earlier proposals at $1.6 trillion over 10 years. The Montana Democrat provided no details, but others have said the changes made...
  • Is There a Number Too Big to Fail? (Spending spree will introduce us to the word “quadrillion.”)

    06/22/2009 4:17:04 AM PDT · by SeekAndFind · 15 replies · 1,718+ views
    Human Events ^ | 6/21/2009 | Brian Darling
    What’s bigger than a trillion, a number so large it would take several lifetimes to count to it? Well, a quadrillion is a thousand trillion. It may be time to worry that President Obama’s spending spree will introduce us to the word “quadrillion.” This year alone we’ve been asked to pay for stimulus, the bailouts, Health Care Reform, Climate Change and proposals to exact massive new taxes. The next round of Tea Parties (scheduled for Independence Day) should focus attention on the threat the federal government may end up taking control of what’s left of the private sector of the...
  • Fed Open to Buying More Securities[Already have $1.75 Trillion]

    05/21/2009 8:02:00 AM PDT · by BGHater · 17 replies · 605+ views
    WSJ ^ | 21 May 2009 | Brian Blackstone
    Some Federal Reserve officials are open to raising the amounts of mortgage and Treasury securities purchase programs beyond the $1.75 trillion that they have already committed to buying, according to minutes from the Fed’s April meeting. Officials, meanwhile, projected an even deeper recession than they expected three months earlier and a more sluggish recovery over the next two years as labor markets remain under pressure. “Some members noted that a further increase in the total amount of purchases might well be warranted at some point to spur a more rapid pace of recovery,” according to the minutes of the April...
  • How much is 1 trillion dollars? (Line by line, what ObamaReidPelosiNomics will cost us)

    05/01/2009 12:16:39 AM PDT · by Syncro · 13 replies · 1,781+ views
    TEAPartyDay.com ^ | May 1, 2009 | Staff
    How much is 1 trillion dollars? A stack of one trillion one-dollar bills would reach 68,000 miles in space. If you spent $1 million dollars a day from the day Jesus was born until now, you would only have spent about three quarters of a trillion. If you laid one trillion one-dollar bills end to end, it would make a chain from the earth to the moon 200 times. One trillion dollars would stretch nearly from the earth to the sun. It would take a jet flying at the speed of sound, reeling out a roll of dollar bills behind it, four...
  • Banks May Need $1 Trillion After U.S. Tests, KBW Says

    04/23/2009 12:29:44 PM PDT · by Nachum · 6 replies · 533+ views
    Reuters ^ | 4/23/09 | staff
    * KBW analysis shows banks need to raise capital * Sees Bank of America needing more government help (Adds dateline, detail on government stress test) NEW YORK, April 23 (Reuters) - U.S. banks including Bank of America Corp (BAC.N), JPMorgan Chase & Co (JPM.N) and Wells Fargo & Co (WFC.N) may need to raise $1 trillion of capital, Keefe, Bruyette and Woods analysts said in a report on Thursday, after they stress tested the industry.
  • The Vote Is This Week – No to the Trillion $ Tax Hike

    04/01/2009 7:10:47 AM PDT · by nateriver · 4 replies · 443+ views
    Tell your congressman to oppose the largest tax increase in American History. Click for link to Congressman.
  • Two Trillion Tons (Song - Updated with Lyrics)

    03/31/2009 4:41:48 AM PDT · by TornadoAlley3 · 3 replies · 869+ views
    http://forthardknox.com/tag/16-tons/ ^ | 03/30/09 | Jim Gossett and Lars Larson. Vocals by David Ford.
    Two Trillion Tons (Song - Updated with Lyrics) Following is a parody of Sixteen Tons as heard on the Lars Larson Show on Westwood One Radio Network. Lyrics by Jim Gossett and Lars Larson. Vocals by David Ford. Produced by Nick Archer. CLICK HERE TO LISTEN Two Trillion Tons Obama got elected, now there is no end; The Democrats wanna tax and spend, Tax and spend us into bankruptcy, With a tax-cheat runnin’ our Treasury. You spend two trillion bucks, and what do you get? No recovery but deeper in debt. St. Peter better call me ‘fore it’s too late;...
  • Obama’s Budget: It’s Absolutely Insane!

    03/25/2009 5:20:58 PM PDT · by lainie · 12 replies · 599+ views
    Fox Forum ^ | 3-25-2009 | Peter Ferrara
    At his press conference last night, President Obama insisted once again that he inherited the budget deficit, and “we’re doing everything we can to reduce that deficit.” But the deficits over the next 10 years that Obama proposed in his budget are not George Bush’s deficits. They are the deficits that Obama has proposed, resulting from the $1 trillion in increased spending he adopted in the no-stimulus stimulus bill, and the $400 billion supplemental spending bill he supported and also adopted the following week, and the $275 billion housing bailout he proposed the next week, and the $1 trillion bank...
  • What does one TRILLION dollars look like? (Deep breath alert!)

    03/24/2009 10:15:04 AM PDT · by NYer · 16 replies · 1,745+ views
    Page Tutor ^ | March 23, 2009
    All this talk about "stimulus packages" and "bailouts"... A billion dollars... A hundred billion dollars... Eight hundred billion dollars... One TRILLION dollars... What does that look like? I mean, these various numbers are tossed around like so many doggie treats, so I thought I'd take Google Sketchup out for a test drive and try to get a sense of what exactly a trillion dollars looks like. We'll start with a $100 dollar bill. Currently the largest U.S. denomination in general circulation. Most everyone has seen them, slighty fewer have owned them. Guaranteed to make friends wherever they go. A packet...
  • What $1 trillion dollars looks like (in case you were wondering)

    03/23/2009 10:05:49 AM PDT · by NYer · 19 replies · 1,329+ views
    Inside Catholic ^ | March 23, 2009 | Brian Saint-Paul
    As reported last week, the Federal Reserve just printed an additional $1 trillion dollars to work into the economy. And the Congressional Budget Office is projecting that our cumulative deficit -- the combination of pre-existing debt, along with all the new spending the president has planned -- will stretch to a stratospheric $9.3 trillion dollars. It's tough to get our minds around such numbers, so here's a helpful visual. This is $1 million dollars (10,000 $100 bills, stacked and bound).                          And here's what $100 million dollars looks like. That's a lot of money.    But it's not quite $1 trillion...
  • VIDEO: Glenn Beck Explains This Week's 'Smokescreen'

    03/20/2009 4:53:21 PM PDT · by Seth_Stuck · 11 replies · 576+ views
    Conservative Brawler ^ | March 20, 2009 | Conservative Brawler
    Glenn Beck explains how the AIG issue is a smokescreen for the Fed's move buy $1 Trillion in debt from the American treasury. http://conservativebrawler.blogspot.com/2009/03/glenn-beck-explains-this-weeks.html
  • $1 trillion deficits seen for next 10 years

    03/20/2009 12:00:37 PM PDT · by americanophile · 72 replies · 3,809+ views
    AP via Yahoo! News ^ | March 20, 2009 | ANDREW TAYLOR
    WASHINGTON – President Barack Obama's budget would generate deficits averaging almost $1 trillion a year over the next decade, according to the latest congressional estimates, significantly worse than predicted by the White House just last month. The Congressional Budget Office figures, obtained by The Associated Press Friday, predict Obama's budget will produce $9.3 trillion worth of red ink over 2010-2019. That's $2.3 trillion worse than the White House predicted in its budget. Worst of all, CBO says the deficit under Obama's policies would never go below 4 percent of the size of the economy, figures that economists agree are unsustainable....
  • The $1.4 Trillion Obama Tax Increase

    03/17/2009 11:17:27 AM PDT · by ToddThurman · 1 replies · 465+ views
    The Heritage Foundation ^ | 3/17/08 | Conn Carroll
    Heritage Foundation Senior Policy Analyst Brian Riedl details how President Barack Obama’s budget raises taxes on Americans by $1.4 trillion
  • U.S. 2008 household wealth fell $11.2 trillion: Fed (Thanks to the Dems & 'Culture of Corruption')

    03/12/2009 10:07:59 AM PDT · by NormsRevenge · 13 replies · 749+ views
    Reuters on Yahoo ^ | 3/12/09 | Reuters
    WASHINGTON (Reuters) – U.S. households suffered a record-large 9 percent drop in wealth and pared debt in the fourth quarter as a deepening recession battered confidence and finances, Federal Reserve data showed on Thursday. Household net worth dropped by $5.1 trillion from the prior quarter to $51.5 trillion. For the full year, net worth dropped by $11.2 trillion, reflecting steep declines in the housing and stock markets. The declines in household net worth were the largest since quarterly and annual records began in 1951 and 1946, respectively, the Fed said. Since a second-quarter 2007 peak of $64.4 trillion, household wealth...
  • What does one TRILLION dollars look like?

    03/06/2009 10:41:54 AM PST · by Blood of Tyrants · 40 replies · 5,779+ views
    Page Tutor ^ | Unknown | Unknown
    What does one TRILLION dollars look like? All this talk about "stimulus packages" and "bailouts"... A billion dollars... A hundred billion dollars... Eight hundred billion dollars... One TRILLION dollars... What does that look like? I mean, these various numbers are tossed around like so many doggie treats, so I thought I'd take Google Sketchup out for a test drive and try to get a sense of what exactly a trillion dollars looks like. We'll start with a $100 dollar bill. Currently the largest U.S. denomination in general circulation. Most everyone has seen them, slighty fewer have owned them. Guaranteed to...
  • America's trillion dollar question (defining deviancy down)

    03/02/2009 9:00:36 AM PST · by TigerLikesRooster · 2 replies · 305+ views
    BBC ^ | 02/28/09
    America's trillion dollar question The US economy has suffered a sharp nosedive. Plunging exports and the biggest fall in consumer spending in 28 years has meant that the decline was much worse than analysts had expected. Kevin Connolly in the US looks at why we are now talking trillions as well as billions. In the world of American government, the trillion is the new billion. There was a time when only astro-physicists and accountants practising in Zimbabwe had any use for a word which - in the US at least - means a million millions. Barack Obama is not the...
  • Recent Policy Decisions and a Greater Depression

    02/20/2009 3:24:35 PM PST · by arthurus · 4 replies · 570+ views
    Seeking Alpha ^ | February 20, 2009 | Thomas Kee
    ...Given recent developments, I am going on record again. In my opinion, the decisions of our new administration will lead the US into a Greater Depression. This may be the worst mistake in...
  • Buddy, Can You Spare A Trillion?

    02/17/2009 7:01:09 PM PST · by CutePuppy · 4 replies · 298+ views
    Channel Web ^ | January 23, 2009 | Robert Faletra
    Who is representing you in Washington, D.C.? By Robert Faletra There's plenty of concern around the banking industry. I get that. Credit is essentially a utility that has to be provided and protected. But then along comes the auto industry handout, soon to be followed by who knows how many other handouts. The inside-the-beltway types are throwing around billion-dollar spending packages like it's rock salt being used to clear a New England driveway. So while we are ready to bail out all these poorly managed megabusinesses with multimillion-dollar-paid executive teams, we have to wonder who will generate the taxes to...
  • Ann Coulter: GOODBYE, AMERICA! IT WAS FUN WHILE IT LASTED (Closing in on Quadrillion)

    02/11/2009 2:48:40 PM PST · by Syncro · 54 replies · 3,078+ views
    AnnCoulter.Com ^ | Feb 11, 2009 | Ann Coulter
    GOODBYE, AMERICA! IT WAS FUN WHILE IT LASTEDFebruary 11, 2009It's bad enough when illiterate jurors issue damages awards in the billions of dollars because they don't grasp the difference between a million and a billion. Now it turns out the Democrats don't know the difference between a million and a trillion. Why not make the "stimulus bill" a kazillion dollars? All Americans who work for a living, or who plan to work for a living sometime in the next century, are about to be stuck with a trillion-dollar bill to fund yet more oppressive government bureaucracies. Or as I call...
  • Just How Much is $1 Trillion: "$1 Million A Day Since Jesus Was Born" - Video 2/4/09

    02/04/2009 8:04:52 PM PST · by Federalist Patriot · 7 replies · 751+ views
    Freedom's Lighthouse ^ | February 4, 2009 | BrianinMO
    Here is a CNN Report on just how big $1 Trillion is, the expected size of President Obama's Economic Stimulus Plan. It includes the quote from Republican Sen. Minority Leader Mitch McConnell saying that if we started spending $1 Million the day Jesus Christ was born, and spent $1 Million every day since then, we still would have not spent $1 Trillion! Good Report. . . . . . (Watch Video)