You may not have heard (if you’ve been in a coma since 1994), but our national debt is spiraling out of control. If you could imagine a fire hose spraying a stream of $100 bills instead of jets of water, that’s essentially the way our federal government pisses through money on an average day. If you’re having trouble staying awake at night, here is a number that might help: $233 billion. That’s not the latest national debt figure. Oh, no. That’s just the interest on it we pile up each year.
Won’t somebody come up with a plan to stop all the fiscal hemorrhaging? Anybody? Nobody? Okay, I guess it’s up to me to bail out America…. Again.
Last week, I shared Part I of my solution to our national debt problem. In this week’s thrilling conclusion, I solve it even more. So let’s get started, shall we?
Cape Canaveral – Kennedy Space Center: $11.5 billion. If you’re still a kid at heart, this one’s for you. Located on the pristine golden beaches of Central Florida’s Atlantic coast and just a two-hour drive from Disney World. Always wanted to be an astronaut? Now you can own a whole crew of them. Guess who gets to press the “Blast off” button at Mission Control? You do! Comes with a free ride on the next Space Shuttle Endeavour flight. (Fine print: Next scheduled Endeavour flight: 1st of Never.)
State of Alaska: $780 billion. Call the Last Frontier your home with this incredible once-in-a-lifetime bargain. See Russia from your house. Be the first among your friends to own your own state. Comes with tons of room to spread out all your stuff, not to mention access to our nation’s largest oil and natural gas pipeline. Stunning views of mountains, grizzly bears, bald eagles and hot ex-governors. Juneau what else? For just $20 billion more, we’ll even rename the state capitol after you. Flexible payment terms. Ask about our layaway plan.
US Interstate 80: $87.6 billion. If you thought you could “get your kicks on Route 66”, you ain’t seen nothing yet. Own a part of the world’s greatest highway network. The nation’s second longest interstate, I-80, runs from scenic California through the Nevada Dessert (where you can do 130 mph and the state troopers won’t hassle you) through the golden corn fields of Nebraska, before your journey ends at glamorous New York City. (more…)
Here’s a number that might scare you: $17,746,662,973. That’s almost 18 trillion dollars, give or take a few hundred billion. That’s the current estimate of our national debt according to the OMB (Office of Management and Budget).
Here’s a slightly smaller but equally frightening number: $1 million. That’s the amount our nation’s debt is expanding – per minute. The clock is ticking. Economic experts estimate that our national debt will increase by another $10 trillion in the next decade. And I thought I was bad about managing my money. I look like Ebenezer Scrooge compared to Uncle Sam.
Depressed? Don’t be. Because I have a brilliant solution to our nation’s debt crisis. And it doesn’t involve painful tax hikes, closing down your favorite park or eliminating daily delivery of your mail.
As many of you know, I (often imagine that I) am a highly sought-after, award-winning, Harvard-educated economist. I won’t drone on about my many notable achievements in the fields of econometrics or applied macro-economic asset price modeling theory (because I have no idea what those words mean). Suffice to say, I took both Econ-201 and Econ-202 Pass-Fail in my second year of college.
I have successfully balanced my personal checkbook 8 of the past 12 months. And I have completely paid off our family’s credit card debt on all but 5 of our 17 credit cards. I saved $4,000 by the time I was 18 years old by doing summer jobs, and I didn’t blow it all until late spring of my freshman year of college (hey, I needed a new stereo system). So when I say I have a solution for the nation’s debt crisis, I think my credentials speak for themselves.
I was recently astounded to read that the USA has more prisoners per capita than any other country in the world, easily surpassing #2 Russia. Did you know that the USA makes up just 5% of the world’s population but 25% of its prisoners? All I can say is WAY TO GO, AMERICA!
We now have over 2 million Americans living in prison (several million more if you include New Jersey). The cause of the explosion in our inmate population over the past thirty years is primarily thanks to the incredible success of our War on Drugs, and only secondarily because of the many cast members of Jersey Shore who have served time.
A thoughtful examination of America’s War on Drugs leads to only one obvious conclusion: By any standard (other than reducing the level of our nation’s rampant drug abuse problem), this war has been an overwhelming success. The only thing left to do is hang a Mission Accomplished banner atop the fence along the U.S. – Mexican border.
Thanks to our impressive victory in the war on drugs, we have corralled thousands of our nation’s most dangerous habitually stoned South Park viewers and thrown them into the Graybar Hotel. Law-abiding Americans can now sleep safely, knowing they no longer have to fear that a deranged pothead might break into their home during a late night Harold and Kumar movie marathon in search of Doritos or other snack foods with dangerously unhealthy levels of high-fructose corn syrup.
Hey there, America! Does the depressed economy have you feeling DOWN!!!!??? Are you concerned because our government can’t seem to solve our spiraling debt crisis? Confused about how to end the stalemate between Republicans and Democrats over how to restore America’s former greatness and still balance the budget?
Well, worry no more. At View from the Bleachers, our dedicated staff of economic analysts and female impersonators has come up with a brilliant solution to our nation’s economic and political problems.
Now, you can finally break the governmental gridlock that is ruining our country and TAKE BACK OUR GOVERNMENT – literally, with our new Take Back America, Do-It-Yourself Self-Government Tool Kit.
When George Washington delivered the Gettysburg Address on the deck of the Mayflower, he spoke of a government “of the people and by the people.” Finally, thanks to our Take Back America, Do-It-Yourself Self-Government (TBADIYSG) Tool Kit, government will finally be by the people once and for all – people like YOU!
Last week I shared with you some bold new initiatives planned by America’s leading Tea Party politicians to wipe out the entire US Debt before the end of the year. Think of it as a gigantic Christmas present to America from the Tea Party (so long as you’re not elderly, disabled, poor, a member of a labor union, Muslim or, worse yet, gay).
You can read last week’s post here, where you will learn about brilliant ideas put forth by some of the brightest stars in the Tea Party caucus of Congress to save trillions in wasteful spending in the areas of healthcare, education, and financial regulatory reform.
As brilliant as those thoughtful plans are, I’ve saved the best of the best for this week’s conclusion. So let’s get started, shall we? Here are some even more brilliant debt-reduction schemes waiting to be implemented by the Tea Party-controlled Congress* (a wholly-owned subsidiary of Koch Brothers Industries*).