Who knew that spending, taxing and the budget would be such a big deal? President Barack Obama tried passing his budget, but it failed miserably in the House with a 414-0 vote.
Congressman Paul Ryan announced his budget plans to the House, which passed the House 228-184 with no Democrats voting in favor of the Republican’s budget. The budget is set to meet the senate soon.
Budgets aside, let’s take a look at something that is truly monstrous – spending. The federal government has a yearly budget of about $3.7 trillion. The United States is currently more than $15 trillion in debt, and a government with a daily need of $10 billion leaves me wondering how we’re going to afford all of this.
Just to clarify a little, we all hear the words trillion, billion and million tossed around in the media and in our classes, but many people don’t realize how massive those amounts really are.
In order to simplify these amounts, I’ll break them down in terms of time. One million seconds ago was nearly 12 days ago, which doesn’t seem that bad. So, what about a billion seconds ago?  Well, that was 31 years ago.  Now, brace yourself for this one – a trillion seconds ago was almost 32 thousand years ago. Keep in mind that modern civilization has only been around about six thousand years.
So as you can see, with this huge amount of debt that America has incurred, we have a problem. How in the world are we going to pay for all of this? I know what we can do! Let’s tax every Fortune 500 company at 100 percent. That should take care of the budget. Right?
Well, that would only raise about $391 billion, which is just enough to fund us from Jan. 1, 2013 until Feb. 9, 2013.
Okay, let’s get real. Let’s tax everyone that makes over $250 thousand a year at 100 percent, take all the earnings of professional sports players from every sport, take all the money spent during the Christmas and holiday season, end the wars in the Middle East, take all the money spent on advertisements for every Superbowl, sell every mansion in Beverly Hills, tax every billionaire and semi-billionaire at 100 percent and have every single American citizen chip in about 40 bucks.
Congratulations, we just paid for the federal budget for one year.
Well, now what? We can’t do that again. We took everyone’s profit, so they don’t have any money left to run their businesses.
If they were smart, then they got out of America and went somewhere a little more friendly.
There’s no easy way out of these financial problems, but there has to come a point when we just say enough is enough.
Just some food for thought.