Wednesday, January 7, 2009

"This isn't your run-of-the-mill recession," says acting director of the Congressional Budget Office.

Hmmm….that does not sound like good news, does it? Well what I want to know is: If President Bush is leaving office with a budget deficit of over 1 trillion dollars just what does that number look like? I mean it is fine to throw numbers around like $700 billion for government bailout or $455 billion reflecting last years' record breaking budget deficit or even $857 billion which is what the wars in Iraq and Afghanistan have cost so far. But just exactly does the number 1 trillion look like?
Well…it kind of looks like this: $1,000,000,000,000
which is less than $999,999,999,999.
But not as big as $10,600,000,000,000
which is the total amount of U.S. debt we will owe by the time President Bush leaves office.

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