Topic: Monetary Policy
Bush's New Spending Plan, $ 3.1 Trillion Dollars, plus tax refund ? 3,100,000,000,000.00 That's a Big Number ! How Big Is It ? see below.by Kipper Mathews
(Libertarian)
Monday, February 4, 2008
$3.10 X $1,000 = Three-thousand, one-hundred Dollars
$3,100 X $1,000 = Three-million, one-hundred -thousand Dollars
$3,100,000 X $1,000 = Three-billion, one-hundred-million Dollars
$3,100,000,000 X $1000 = Three-trillion, one-hundred-billion Dollars
( And NO this does not include the proposed tax refund.)
VIEW POINT :
In my opinion, If the federal Government gave all of it's 303,370,608 plus citizens 10 thousand dollars minus income taxes, It would be a BIG boost to our failing economy.
To see the National Population Time Clock, see this link :
The views expressed in this
article are those of Kipper Mathews only and do not represent
the views of Nolan Chart, LLC or its affiliates. Kipper Mathews is
solely responsible for the contents of this article and is not an
employee or otherwise affiliated with Nolan Chart, LLC in his/her role as a columnist.
Sadly, the government doesn't get that money by taking $10,000 from everyone. I'm not familiar enough with the numbers to provide a solid figure, but I'd guess that roughly 2/3 of the taxpayers remit far less than $10,000 to the IRS in taxes each year.
Your idea for returning the budget funds to the people would still be a transfer of wealth 'program', even if it proved to be very popular. Good idea for demonstrating how big the budget has become however.
I recall the stunned shock when the Federal budget first reached the "unthinkable" level of half a trillion dollars in 1978. Thirty years later and our annual deficits are approaching that amount with a budget six times that size.
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