Former Senator Everett Dirksen, from Illinois, famously said on the floor of the Senate “a billion dollars here, a billion dollars there, pretty soon, it adds up to real money.” That statement was made during the 1960's.
A billion is a difficult number to comprehend, but one advertising agency did a good job of putting that figure into some perspective in one of its releases. For example:
A billion seconds ago it was 1959.
A billion minutes ago Jesus was alive.
A billion hours ago our ancestors were living in the Stone Age.
A billion days ago no-one walked on the earth on two feet.
A billion dollars ago was only 8 hours and 20 minutes, at the rate our government is spending dollars today.
While this thought is still fresh in our brain ... let's take a look at New Orleans. It's amazing what you can learn with some simple division.
Louisiana Senator, Mary Landrieu (D) is presently asking Congress for 250 billion dollars to rebuild New Orleans. Interesting number ...
What does it mean?
For example, if you are one of the 484,674 residents of New Orleans (every man, woman, and child) you could each get $516,528. Or ... If you have one of the 188,251 homes in New Orleans, you could get $1,329,787. Finally, if you are a family of four ... your family could get $2,066,012.
The point is, we are talking about $8 - $12 trillion deficits and unfunded taxpayer liabilities for Medicare, Medicaid and Social Security for as far as anyone can project.
What follows is a list of the taxes we, as citizens currently pay, and quite frankly the revenues from these are not enough to pay for all of the spending currently in place at the city, state, and federal levels. Here they are:
Accounts Receivable Tax
Building Permit Tax
CDL License Tax
Cigarette Tax
Corporate Income Tax
Dog License Tax
Federal Income Tax
Federal Unemployment Tax (FUTA)
Fishing License Tax
Food License Tax
Fuel Permit Tax
Gasoline Tax
Hunting License Tax
Inheritance Tax
Inventory Tax
IRS Interest Charges (tax on top of tax)
IRS Penalties (tax on top of tax)
Liquor Tax
Luxury Tax
Marriage License Tax
Medicare Tax
Property Tax
Real Estate Tax
Service charge taxes
Social Security Tax
Road Usage Tax (Truckers)
Sales Taxes
Recreational Vehicle Tax
School Tax
State Income Tax
State Unemployment Tax (SUTA)
Telephone Federal Excise Tax
Telephone Federal Universal Service Fee Tax
Telephone Federal, State and Local Surcharge Tax
Telephone Minimum Usage Surcharge Tax
Telephone Recurring and Non-recurring Charges Tax
Telephone State and Local Tax
Telephone Usage Charge Tax
Utility Tax
Vehicle License Registration Tax
Vehicle Sales Tax
Watercraft Registration Tax
Well Permit Tax
Workers Compensation Tax
The bottom line for all of us, as citizens, is that we must hold our elected and appointed officials accountable with respect to spending and the cost of that spending to us individually and the economic drag it creates on our economy.
It is no wonder that citizens from all political perspectives have an extremely negative view of our current elected officials, particularly in Washington.
The current Democrat Majority in the Senate through its leadership absolutely opposed, under any circumstances, the use of the legislative tactic called reconciliation when the Republicans were in the Majority and they were in the Minority.
The Republicans ignored their protests.
Now, the roles are reversed and the Democrats appear to be ready to ignore the objections of Republicans.
Regardless of the merits of the proposed legislation being considered, this behavior clearly reminds all of us of the child who gets caught doing something wrong and responds by saying: “They did it first!”
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