How much is $1,000,000,000,000.00 borrowed?

“We borrowed $800 billion dollars between the Revolutionary War and the presidency of Jimmy Carter and we are going to borrow that amount in one fell swoop,”

~Sen. John Thune of South Dakota.

That’s more than the US government borrowed for:

– The trip to the moon

– The Cold War nuclear arms race

– The New Deal

–  World War I and World War II. Combined.

Is this the price for Obama Success?

“If we don’t move swiftly to put this plan in motion, our economic crisis could become a national catastrophe. Millions of Americans will lose their jobs, their homes and their health care. Millions more will have to put their dreams on hold.”

“Legislation of such magnitude deserves the scrutiny that it’s received over the last month, and it will receive more in the days to come,” Obama said. “But we can’t afford to make perfect the enemy of the absolutely necessary. The scale and scope of this plan is right. And the time for action is now.”

“Broadly speaking, the package is the right size, it is the right scope, and it has the right priorities to create 3 to 4 million jobs, and to do it in a way that lays the groundwork for long-term growth.”

~ President Obama

Success or failure – we will all know in time.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: