$54,084 per Second
As the spending and deficit fight (and it will be a fight) ramp up in the coming months you’re going to hear the Democratic Left demonize the centrist Democrats and Republicans who want to rein in spending. Aided by their media allies, the Left will trot out anecdotal examples of the “hardships” faced by government employees who (the horror!) have had their wages frozen or (double horror) have been laid-off to accommodate cuts in unnecessary and wasteful government programs. Before you sympathize, note that our national debt just passed through the $14 trillion mark.
A trillion is a very big number. So big, in fact, that it becomes an abstraction for most people. Andrew Malcolm tries to make it more concrete:
“A trillion has so many zeroes it won’t fit in your checkbook — 12 zeros, to be exact.
“Last June 1 doesn’t really seem all that long ago. The Gulf oil disaster was barely half-spilled. President Obama and Pancho Biden were still promising … amazing job growth by summer’s end. The Senate was confirming Elena Kagan for the Supreme Court. CIA Director Leon Panetta still wasn’t sure where Osama bin Laden was. Al and Tipper, and Tiger and Elin, were still married to each other.
“Here’s why we mention June 1. On that day the national debt was “only” $13 trillion …”