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THE $4 TRILLION SPLURGE: PUTTING THE MASSIVE FEDERAL SPENDING PLAN INTO PERSPECTIVE
NY Post ^ | August 2, 2009 | Elise Viebeck

Posted on 08/02/2009 3:47:56 AM PDT by Scanian

You thought you'd had enough of depressing numbers after the stimulus package passed in February. But a reporter from the Heritage Foundation, out this week, shows that those numbers were just a fraction -- about one-fifth, to be precise -- of what the federal government will spend in 2009.

This year's $4 trillion total -- a record, even accounting for inflation -- may look like a sudden blip on Heritage's graphs, but research shows the spike is here to stay. Three years from now, when stimulus spending has slowed to a dribble, new programs and strained entitlements will bring federal expenses right back to today's "emergency spending" levels. By 2019, Social Security, Medicare, and Medicaid caseloads will have hit record heights, and the national debt will be nearly double what it is now.

In the haze of zeros, it's hard to really grasp what this means. It isn't helped by the fact that the Office of Management and Budget has some 2,200 pages of documents explaining the budget.

But with the help of Heritage, we broke down exactly what $4 trillion means -- both for spending and for each of us.

(Excerpt) Read more at nypost.com ...


TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS:

1 posted on 08/02/2009 3:47:56 AM PDT by Scanian
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To: Scanian

I don’t understand why I’m upset. Michelle said we’d all feel better if we gave up a little so others could have some. Where’s my $5000 handbag?


2 posted on 08/02/2009 4:10:59 AM PDT by hershey
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To: Scanian

In the haze of zeros,yep four years of Obama.


3 posted on 08/02/2009 4:55:40 AM PDT by Vaduz
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To: Scanian

Forty-eight percent of the American people have no government.

We are nothing but slaves to the collective, drones if you will.

“Freedom’s just another word for nothing left to lose. And it ain’t nothing if it ain’t free.”

Soon, very soon we will have nothing left to lose.


4 posted on 08/02/2009 5:01:35 AM PDT by stockpirate (The movement to take back America has already started, Sarah is her name.)
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To: Scanian

How much is 4 trillion?

Well, if it takes 2,000 years to spend approx. $700 billion, spending 1 Million Dollars per day, then it would take roughly 10,000 years, spending 1 million per day to reach that amount.


5 posted on 08/02/2009 5:08:00 AM PDT by PSYCHO-FREEP (Give me LIBERTY or give me an M-24A2!)
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To: Scanian
Here is their spending plan Cloward-Piven Strategy
6 posted on 08/02/2009 5:08:54 AM PDT by Man50D (Fair Tax, you earn it, you keep it! FairTaxNation.com)
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To: stockpirate
"Forty-eight percent of the American people have no government."

True! I listened to my Congressman explain how, under Democratic House rules, Republicans cannot offer an amendment (and then speak) unless the Republican first agrees to vote for the bill regardless of the outcome of the amendment.

In effect, I am no longer represented in Congress. I am subject to the tyranny of the majority. There are no longer minority rights and protections. The America I've studied and known for decades has ceased to exist.

7 posted on 08/02/2009 5:22:31 AM PDT by LZ_Bayonet (There's Always Something.............And there's always something worse!)
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To: PSYCHO-FREEP
"How much is 4 trillion?"

A stack of $100.00 bills 560 miles high.

8 posted on 08/02/2009 6:42:03 AM PDT by blam
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To: LZ_Bayonet
"The America I've studied and known for decades has ceased to exist. "

All gone.

9 posted on 08/02/2009 6:43:06 AM PDT by blam
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To: blam; LZ_Bayonet
"The America I've studied and known for decades has ceased to exist. "

All gone.

Rush was talking about a poll the other day where a strong majority said America's best days'  were past and our republic was doomed.  That belief is neither healthy nor connected to reality.  Americans are good people; our nation has power to spare and is still a tremendous force for good.

10 posted on 08/02/2009 3:08:19 PM PDT by expat_panama
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