Ever wonder what ONE TRILLION dollars looks like? Well it looks like this:
As our friend at Suitably Flip has done, however, a picture is worth a trillion words:
Comparing the proposed liberal-program boondoggle spending to historical spending ventures, and even the Wall Street CEO bonuses that Obama whined about, you get the picture of the enormity and ridiculousness of this proposed bill! Again from Suitably Flip:
So how big is the resulting $1.2 trillion spending package? Big enough to dwarf any government program in history, even after adjusting for inflation. It’s bigger than the New Deal and the Iraq War combined. The interest alone will be costlier than the Louisiana Purchase or going to the moon. The $18 billion in bonuses paid legally by private Wall Street firms in 2008 – decried by the President as “shameful” – is vanishingly small in comparison (smaller even than the bill’s incremental food stamps expenditures).
The only relatively modest component of the spending bonanza is the money tagged for infrastructure and energy efficiency (the ostensibly stimulative part), which accounts for less than 14% of the total.
As if the over one trillion reasons why Obama and the Dems are unfit to lead is not enough….another friendly and intelligent blogger, Doug Ross, has outlined in ascending fashion the proof of rampant corruption and stupidity that exists in the Democrat “ruling” party:
$34,000: the amount of federal taxes that Secretary of the Treasury Timothy Geithner (D) failed to pay during his employment at the International Monetary Fund despite receiving extra compensation and explanatory brochures that described his tax liabilities.
$75,000: the amount of money that the head of the powerful tax-writing committee, Rep. Charlie Rangel (D-NY), was forced to report on his taxes after the discovery that he had not reported income from a Costa Rican rental property. His excuses for the failure started with blaming his wife, then his accountant and finally the fact that he didn’t speak Spanish.
$93,000: the amount of petty cash each Congressional representative voted to give themselves in January 2009 during the height of an economic meltdown.
$133,900: the amount Fannie Mae “invested” in Chris Dodd(D-CT), head of the powerful Senate Banking Committee, presumably to repel oversight of the GSE prior to its meltdown. Said meltdown helped touch off the current economic crisis. In only a few years time, Fannie also “invested” over $105,000 in then-Senator Barack Obama.
$140,000: the amount of back taxes and interest that Cabinet nominee Tom Daschle (D) was forced to cough up after the vetting process revealed significant, unexplained tax liabilities.
$356,000: the approximate amount of income and deductions that Daschle (D) was forced to report on his amended 2005 and 2007 tax returns after being caught cheating on his taxes. This includes $255,256 for the use of a car service, $83,333 in unreported income, and $14,963 in charitable contributions.
$800,000: the amount of “sweetheart” mortgages Senate Banking Chairman Chris Dodd (D-CT) received from Countrywide Financial, the details for which he has refused to release details despite months of promises to do so. Countrywide was once the nation’s largest mortgage lender and linked to Government-Sponsored Entities like Fannie Mae and Freddie Mac. Their meltdown precipitated the current financial crisis. Just days ago in Pennsylvania, Countrywide was forced to pay $150,000,000 in mortgage assistance following “a state investigation that concluded that Countrywide relaxed its underwriting standards to sell risky loans to consumers who did not understand them and could not afford them.”
$1,000,000: the estimated amount of donations by Denise Rich, wife of fugitive Marc Rich, to Democrat interests and the William J. Clinton Foundation in an apparent quid pro quodeal that resulted in a pardon for Mr. Rich. The pardon was reviewed and blessed by Obama Attorney General and then Deputy AG Eric Holder, despite numerous requests by government officials to turn it down.
$12,000,000: the amount of TARP money provided to community bank OneUnited despite the fact that it did not qualify for funds, and was “under attack from its regulators for allegations of poor lending practices and executive-pay abuses.” It turns out that Rep. Maxine Waters (D-CA), a key contributor to the Fannie Mae meltdown, just happens to be married to one of the bank’s ex-directors.
$23,500,000: The upper range of net worth Rep. Allan Mollohan (D-WV) accumulated in four years time according to The Washington Post through earmarks of “tens of millions of dollars to groups associated with his own business partners.”
$2,000,000,000: ($2 billion) the approximate amount of money that House Appropriations Chairman David Obey (D-WI) is earmarking related to his son’s lobbying efforts. Craig Obey is “a top lobbyist for the nonprofit group” that would receive a roughly $2 billion component of the “Stimulus” package.
$3,700,000,000: ($3.7 billion) not to be outdone, this is the estimated value of various defense contracts awarded to a company controlled by the husband of Rep. Diane Feinstein (D-CA). Despite an obvious conflict-of-interest as “a member of the Military Construction Appropriations subcommittee, Sen. Feinstein voted for appropriations worth billions to her husband’s firms .”
$4,190,000,000: ($4.19 billion) the amount of money in the so-called “Stimulus” package devoted to fraudulent voter registration ACORN group under the auspices of “Community Stabilization Activities”. ACORN is currently the subject of a RICO suit in Ohio.
$1,646,000,000,000 ($1.646 trillion): the approximate amount of United States exports endangered by the “Stimulus” package, which provides a “Buy American” stricture. According to international trade experts, a “US-EU trade war looms“, which could result in a worldwide economic depression reminiscent of that touched off by the protectionist Smoot-Hawley Act.
As Ross says:
It’s not just a culture of corruption. It’s a culture of corruption and stupidity. And, unlike Republicans, Democrats appear to be above the law. All of the aforementioned clowns are still in office, ruling like the royalty they’ve become.
REMINDER: Let’s not forget that amidst the “urgency” of this spending spree that Obama HAS decided to cut some spending….DEFENSE SPENDING! Funny that the one thing Obama took the oath to do is the very thing he finds as expendable in his first two weeks in office. The oath:
“I do solemnly swear (or affirm) that I will faithfully execute the Office of President of the United States, and will to the best of my ability, preserve, protect and defend the Constitution of the United States.”
(H/T: Jim Treacher)
Filed under: Barack HUSSEIN Obama, Conservatism, Economic Stimulus, Economy, History, Liberalism, Military Matters, Morality/Character, Nutroots, Politics, Progressives Ain't, Socialism, Taxes, Welfare | Tagged: bailout, Barack Obama, corruption, daschle, Democrats, dodd, geithner, Iraq War, Louisiana Purchase, New Deal, Obama, Pelosi, Politics, porkulus bill, President Obama, Rangel, Reid, Socialism, spending, Stimulus Bill, trillion dollars, Wall Street Bonuses |