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Congressman Sam Graves - Representing the People of Missouri's Sixth District
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Straight Talk with Sam
Volume 9, Issue 5, February 2, 2009
 
Straight Talk With Sam
The Value of a Trillion Dollars
 

Listening to the current debate in Washington you would think that dollars only come in bundles of billions. Everett Dirksen, a United States Senator from Illinois in the 1960’s, probably summed it up best. Dirksen said, “A billion here, a billion there, pretty soon, you’re talking real money.”

However, in Washington, we are getting closer and closer to no longer talking about billions. The Senate this week takes up a $900 billion dollar stimulus package after the House passed an $819 billion dollar package last week. By the time a final bill is produced the total will be closer to a trillion dollars.

One trillion dollars. The number is so large that most people have a hard time comprehending its cost. One way to understand it is it to simply write it out. A one with 12 zeros: $1,000,000,000,000. If you had a stack of 1,000 dollar bills, at just four inches high you would be a millionaire. A trillion dollar stack of 1000 dollar bills would reach 63 miles high. 

Counting bailouts and stimulus packages, the United States government will have spent just over two trillion dollars within the last year to get our economy moving. In the coming months, the administration will offer even more billions of additional spending in the budget.

We are not just spending money we do not have; we are spending money that our children will not have. Washington needs to understand that you cannot spend your way to prosperity- no matter how many zeros are behind the one.

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Washington, D.C. Office
1415 Longworth House Office Building
Washington, D.C. 20515
Phone: (202) 225-7041
Fax: (202) 225-8221
Liberty District Office
113 Blue Jay Drive
Suite 100
Liberty, Missouri 64068
Phone: (816) 792-3976
Fax: (816) 792-0694
St. Joseph District Office
201 S. 8th Street
Room 330
St. Joseph, Missouri 64501
Phone: (816) 233-9818
Fax: (816) 233-9848