I finally heard it reported exactly what it is. Yesterday on Fox News I heard it several times in the few hours I was watching.
It's not a bailout bill or a stimulus bill. It is a spending bill. The monster spending bill will pass this week whether it's for $850 or $827 or $900 Billion.
We know that a billion is equal to one thousand million. A trillion (which is close to what this spending bill will be) is equal to a thousand billion.
One trillion is equal to one million million. One million times one million.
One billion (not two or three or a trillion) minutes ago Jesus was alive and walking the earth, give or take a few years.
They are going to spend thousands and thousands of millions of dollars. No, tens of thousands of millions of dollars. No, hundreds of thousands of million of dollars. Nearly one million million dollars.
Are they going to get that $ from you? How many million do you have to spare? Don't look at me. They'll print it. The more they print, the less each dollar bill is actually worth, the less the U.S. currency and her goods are worth to the world.
When we moved here back in the mid-1980s, there was a subdivision just west of here that was only 20% complete. Marney went to school with many friends from Winding Creek. She would come home and report that her friend's house had no furniture in the living room. One friend had no furniture in the dining room either.
I call that being house poor. All their eggs were in one investment, the new house. The furniture would come when more credit was available.
Will we be a nation that is house poor. Assets of great wealth (natural and otherwise) but nothing else going on? No growth, little value to the world?
Does that sound like panic? I think it is but the only panicked voice I heard several times this week was the president's. He wants action and he wants it now. Panic serves no one well. This panic is on the Dems. But the price will be paid by you, by me, and our children's children.
'til later
Sunday, February 8, 2009
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