Video: What would the federal deficit buy?

posted at 2:20 pm on October 20, 2009 by Ed Morrissey

When we hear about deficits exceeding $1.4 trillion for both FY2009 and FY2010, the number gets so large that it becomes unreal. We may as well be talking about bazillions, for all of the relating we can do to it. Nick Gillespie at Reason.tv helps us out with a short video explaining exactly what all of that money could be buying us, if we still had it, and if we still wanted to spend it if we did. And some of these options sound much better than the pork projects that the federal government will fund with the money now:

I’m going to wait with bated breath for my Vespa and my book, while I make arrangements for the Little Admiral to become classmates with Sasha and Malia. Since most of the country is still holding its breath for unicorns and rainbows, I’ll be in good company.

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Any mayor or governor would be impeached within the month for tripling their deficit.

faraway on October 20, 2009 at 2:25 PM

You can’t put a price on unicorns and rainbows.

jhffmn on October 20, 2009 at 2:26 PM

What the deficit is going to buy US is ECONOMIC DISASTER

You get what you don’t pay for…..

Janos Hunyadi on October 20, 2009 at 2:26 PM

I like Nick – good perspective

deedtrader on October 20, 2009 at 2:27 PM

Just 1% of that and I will never burden anybody ever again. Honest!

TwinkietheKid on October 20, 2009 at 2:28 PM

The deficit this year is $13,000 per family.

faraway on October 20, 2009 at 2:29 PM

The number is ludicrous because it’s impossible to repay. We’re all just living in a dream world on borrowed time.

The Calibur on October 20, 2009 at 2:31 PM

I’m going to wait with bated breath for my Vespa and my book, while I make arrangements for the Little Admiral to become classmates with Sasha and Malia. Since most of the country is still holding its breath for unicorns and rainbows, I’ll be in good company.

Can I trade my book for a copy of “Going Rogue”?

Dr.Cwac.Cwac on October 20, 2009 at 2:31 PM

Is Nick Gillespie related to Roy Orbison?

WashJeff on October 20, 2009 at 2:31 PM

But I can’t have my 1%, I’ll take something made by the same people as the Vespa–an Aprilia RSV4 Factory. I have “needs” you see……..

TwinkietheKid on October 20, 2009 at 2:32 PM

unicorns and rainbows were provided free of charge,
.

other than the votes to get him into the office, and the increased debt and the non tax taxes.
But otherwise free

LincolntheHun on October 20, 2009 at 2:32 PM

The deficit this year is $13,000 per family.

faraway on October 20, 2009 at 2:29 PM

I feel $13,000 richer for it.

WashJeff on October 20, 2009 at 2:32 PM

That picture of that fat pig Rangel sleeping on the beach always makes me laugh and mad at the same time.

Caper29 on October 20, 2009 at 2:33 PM

jhffmn on October 20, 2009 at 2:26 PM

Sure you can.

$1,400,000,000,000 a year!

Abby Adams on October 20, 2009 at 2:34 PM

We could have bases on just about every solid surface in the inner solar system for just 1.4 trillion a year

DarkCurrent on October 20, 2009 at 2:34 PM

You would think the gubmint could buy us a T-shirt, too.

Dr.Cwac.Cwac on October 20, 2009 at 2:34 PM

Not sustainable. By this time next year Europe will have pulled out of the dollar. Unemployment will be at 17% with actual at 30% and gas will be $6.60 a gal. And unless the current spending trends are halted very soon, the middle-class will entirely disappear by 2016.

Griz on October 20, 2009 at 2:36 PM

I want a Vespa.

nolapol on October 20, 2009 at 2:38 PM

Thank goodness Americans don’t care, or there’d be some real changes happening. Maybe that’s because less than half of Americans are actually going to pay for it all.

JohnJ on October 20, 2009 at 2:38 PM

The number is ludicrous because it’s impossible to repay. We’re all just living in a dream world on borrowed time.

The Calibur on October 20, 2009 at 2:31 PM

That is correct. There are only two ways to deal with this. Default or inflate the debt away. From my take, it appears that Obama and Co. are working on idea #2.

Johnnyreb on October 20, 2009 at 2:38 PM

Not sustainable. By this time next year Europe will have pulled out of the dollar. Unemployment will be at 17% with actual at 30% and gas will be $6.60 a gal. And unless the current spending trends are halted very soon, the middle-class will entirely disappear by 2016.

Griz on October 20, 2009 at 2:36 PM

That’s the plan. The Won’s plan anyway.

nolapol on October 20, 2009 at 2:39 PM

You can’t put a price on unicorns and rainbows.

jhffmn on October 20, 2009 at 2:26 PM

Don’t forget the skittles!

clancy_wiggum on October 20, 2009 at 2:39 PM

The 2010 deficit is Bush’s fault. I’m not sure how, but it is.

Doughboy on October 20, 2009 at 2:40 PM

Obama should be prosecuted for steeling from my children and grand children.

The Rock on October 20, 2009 at 2:40 PM

Dammit, when does the revolt start??

tickleddragon on October 20, 2009 at 2:42 PM

Perspective.

Ratatouille reference?

LastRick on October 20, 2009 at 2:42 PM

I’m surprised that no one has yet made a song to the tune of “Unforgettable”, but with the title “Unsustainable”.

Unsustainable… that’s what you are…

JohnJ on October 20, 2009 at 2:42 PM

Thank goodness Americans don’t care, or there’d be some real changes happening. Maybe that’s because less than half of Americans are actually going to pay for it all.

JohnJ on October 20, 2009 at 2:38 PM

I will leave these shores before I contribute to this. NZ looking better all the time.

tickleddragon on October 20, 2009 at 2:43 PM

WHERE ARE THE F-ING JOBS?

txag92 on October 20, 2009 at 2:45 PM

DAMN YOU GEORGE BUSH!!!!

/s/

NickelAndDime on October 20, 2009 at 2:47 PM

I want a Vespa.

nolapol on October 20, 2009 at 2:38 PM

That’s all you’ll be able to afford when energy prices “necessarily skyrocket”.

NickelAndDime on October 20, 2009 at 2:48 PM

My son isn’t 5 weeks old, and he’s already broke! Thanks, Mr. President.

search4truth on October 20, 2009 at 2:51 PM

The video needs more examples. How many dinners at a resturant would this buy? What kind of car am I giving up, each year? Could it pay my rent/mortgage? Could everyone have highspeed internet, a large screen TV, and a new computer, each year? Bring the examples down to waht people spend ther own money on, or would like to spend their money on if they had it.

AnotherOpinion on October 20, 2009 at 3:05 PM

You can’t put a price on unicorns and rainbows.

jhffmn on October 20, 2009 at 2:26 PM

Sure you can but in a nation as affluent as ours it is a moral obligation to ensure that no American has to worry about portability of unicorns or the evil private rainbow industry.

highhopes on October 20, 2009 at 3:12 PM

Where is the outrage from the left. They maintained a continuous barrage on the Bush Adm. for the deficit. Now not a whimper. They are a disingenuous gang.

rjoco1 on October 20, 2009 at 3:12 PM

My son isn’t 5 weeks old, and he’s already broke! Thanks, Mr. President.

search4truth on October 20, 2009 at 2:51 PM

Doesn’t that put his conception somewhere around the time the filthy lying coward took office? He’s an Obama baby. He was broke from well before birth and will be paying for this past nine months for his entire life. Cradle to grave tyranny.

highhopes on October 20, 2009 at 3:14 PM

What would the federal deficit buy?

The answer to this question is, of course, the same as the answer to the question: “what do we have to stop buying to balance the budget.”

hicsuget on October 20, 2009 at 3:26 PM

I want a Vespa.

nolapol on October 20, 2009 at 2:38 PM

Me too. I want my Vespa NOW!

RagTag on October 20, 2009 at 3:41 PM

Where is the outrage from the left. They maintained a continuous barrage on the Bush Adm. for the deficit. Now not a whimper. They are a disingenuous gang.

rjoco1 on October 20, 2009 at 3:12 PM

Silly. They hated Bush because he was hording all the newly printed money for him and his rich friends.
BO will be printing money overtime to make up for what Bush did. You do know that we only have to print money right? You are not one of those crazy people that think money isn’t just printed are you?

RagTag on October 20, 2009 at 3:44 PM

The video needs more examples.

AnotherOpinion on October 20, 2009 at 3:05 PM

I agree and I also think that the school one was not effective. Something like all the Big Macs it would by stacked on top of each other would reach the sun. Examples like that and not how many years Rangle could stay at a resort.

RagTag on October 20, 2009 at 3:47 PM

Actually, it hasn’t all been spent yet. Much of it could be stopped. Additionally, the ‘Crats keep adding pork to other bills as well and alot of ‘Pubs go right along. Clearly, this can’t last much longer. Latin America is starting to look pretty good!

Bhagwani on October 20, 2009 at 3:53 PM

The deficit this year is $13,000 per family.

faraway on October 20, 2009 at 2:29 PM

Or roughly $26,000 per taxpaying family?

Midas on October 20, 2009 at 3:55 PM

Vespa Corporation Enchants Another Slight Little Man-Child

The Onion, 10.17.09 | Issue 45•42

AaronGuzman on October 20, 2009 at 4:02 PM

NZ looking better all the time.

tickleddragon on October 20, 2009 at 2:43 PM

Regrettably, NZ is already far more socialist than the United States. I have many acquaintances there and stories about the government there appear regularly on SOLO.

JDPerren on October 20, 2009 at 4:20 PM

Not sustainable. By this time next year Europe will have pulled out of the dollar. Unemployment will be at 17% with actual at 30% and gas will be $6.60 a gal. And unless the current spending trends are halted very soon, the middle-class will entirely disappear by 2016.

Griz on October 20, 2009 at 2:36 PM

That’s the plan. The Won’s plan anyway.

nolapol on October 20, 2009 at 2:39 PM

“The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation.” -V.I. Lenin

Dominion on October 20, 2009 at 4:55 PM

Thank goodness Americans don’t care, or there’d be some real changes happening. Maybe that’s because less than half of Americans are actually going to pay for it all.

JohnJ on October 20, 2009 at 2:38 PM

I bet the less than half of the Americans paying for it all could beat up the more than half that aren’t, any day of the week. Thieves are cowards.

j_galt on October 20, 2009 at 4:58 PM

$1.4 trillion would buy 140 gigawatts of solar power generation installed at retail, a 1.4Kw system on each of 100 million homes. The average new nuclear reactor is in the the 1 gigawatt range, so it would be the equivalent of building 140 1 gigawatt nuclear reactors-only no nuclear waste, and no big power company holding the keys and handing out the bills, no smart grid needed.

Between proven energy reserves and solar, our energy needs become internally satisfied.

Our government never learns. Never.

MarkT on October 20, 2009 at 5:05 PM

Thank goodness Americans don’t care, or there’d be some real changes happening. Maybe that’s because less than half of Americans are actually going to pay for it all.

JohnJ on October 20, 2009 at 2:38 PM

Nope. All Americans are going to pay for it. What we are dealing with is unsustainable and the top half will stop working, investing and paying. I paid no taxes last year and will not pay taxes this year or next. I am retired and living on SS and investment earnings. Since Obama won I have changed my investments to avoid paying taxes. With the huge losses of last year to work with and carried forward it isn’t hard to do. When the top half do not pay the bottom half will suck air or go to work. Chances are they will suck air for a while but hunger hurts. Elections have consequences and the Dems and their supporters have jumped the shark.

Gandalf on October 20, 2009 at 5:26 PM

But we made history electing this govt so it’s all good.

Yakko77 on October 20, 2009 at 6:13 PM

Let’s buy George Schwartz Soros and flush him down the toilet where he belongs.

marklmail on October 20, 2009 at 6:43 PM

No problem…….

… we can just print more money.

“Keep them presses going boys…..

YYYYYYYEEEEEEEEEE HHHHHHHHAAAAAAAAAA!!!!!”

Seven Percent Solution on October 20, 2009 at 7:44 PM

No one really cares about the size of the deficits. Never have, never will until the financial system collapses and not a moment before.

Where are the Repub politicians educating the electorate and outlining a path away from fiscal Armageddon–no where to be found. Hint–don’t hold your breath waiting.

It’s every man for himself now. The great unwashed have voted themselves the Treasury.

patrick neid on October 20, 2009 at 8:04 PM

Does “spending a nation into utter bankruptcy and beggaring 300+ million people for generations” count as a high crime or misdemeanor?

Harpazo on October 20, 2009 at 9:19 PM

Hell with the Vespa; just get this worthless sphincter out of the white house!

jgdp on October 20, 2009 at 9:28 PM