My 2 Trillion Dollar Idea…
So I searched the national debt today and found that is was $10,727,446,370,99. That's almost 11 Trillion Dollars! Wow!
Right now as we speak President Obama is pushing through congress an almost 1 Trillion Dollar Economic Stimulus Package written up by Democrat House Speaker Nancy Pelosi and other Democrats.
I also heard on the radio today that Congress was going to announce a second TARP (Troubled Assets Relief Program) package, called TARP 2, in the range of another 1 Trillion Dollars. Ahhh Wow! So in 2009 the United States government is going to unleash almost 2 Trillion Dollars of spending and rescue. Add that to the first TRAP 800 Billion dollars in 2008, lets just call it another cool 1 Trillion and we have what will be 3 Trillion Dollars pouring out of the US Government.
Crazy Crazy Crazy! You may be saying oh yeah smart guy! You may ask, you think can do better? I say, I don't know but I have an idea.
We can't do anything about the first 1 Trillion Dollars... So that leaves us with 2 Trillion Dollars fresh off the press coming down the government paper mill.
My idea is this... pay off part of the National Debt. Use the money, the 2 Trillion Dollars (Economic Stimulus Package plus TARP 2) and pay off some of the almost 11 Trillion dollars. This will bring the debt to just under 9 Trillion of debt.
Now you may be saying, paying off 2 Trillion of debt is stupid. I say to you it's just as stupid as spending 2 Trillion of money we don't have.
I mean come on! If your in debt, do you pull out the credit card and buy a new couch or an new car or how about a shiny new Apple computer? I'd love a new car right now but I'm going to wait.
Just an idea,
Chad

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