Speaking to Congress in February 1981, Reagan said: A few weeks ago I called such a figure, a trillion dollars [the current debt then], incomprehensible, and I’ve been trying ever since to think of a way to illustrate how big a trillion really is. And the best I could come up with is that if you had a stack of thousand-dollar bills in your hand only 4 inches high, you’d be a millionaire. A trillion dollars would be a stack of thousand-dollar bills 67 miles high.
And that's just a trillion. Our debt is around 34.4 trillion now and it increases about 1 trillion every 100 days. So if a trillion dollar stack of bills is 67 miles high, 34.4 trillion is a stack that is almost 2,305 miles high. Unimaginable.
The GOP 2024 platform removed addressing the debt ceiling. No mention of eliminating agencies, like the DOE. Only one point addressed federal spending and it is one we have heard for 40 years "Rein in Wasteful Federal Spending". Also included is "rebuilding our cities, including DC, making them safe, clean and beautiful again" as if that's the Feds job.
I think we may have crossed the threshold of the point of no return
Speaking to Congress in February 1981, Reagan said: A few weeks ago I called such a figure, a trillion dollars [the current debt then], incomprehensible, and I’ve been trying ever since to think of a way to illustrate how big a trillion really is. And the best I could come up with is that if you had a stack of thousand-dollar bills in your hand only 4 inches high, you’d be a millionaire. A trillion dollars would be a stack of thousand-dollar bills 67 miles high.
And that's just a trillion. Our debt is around 34.4 trillion now and it increases about 1 trillion every 100 days. So if a trillion dollar stack of bills is 67 miles high, 34.4 trillion is a stack that is almost 2,305 miles high. Unimaginable.
Wow.
I has crossed my mind that they might “give” this election to Trump, so he will be blamed for the downfall.
The GOP 2024 platform removed addressing the debt ceiling. No mention of eliminating agencies, like the DOE. Only one point addressed federal spending and it is one we have heard for 40 years "Rein in Wasteful Federal Spending". Also included is "rebuilding our cities, including DC, making them safe, clean and beautiful again" as if that's the Feds job.