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Sunday, September 30, 2012

Random Data Point About the US Debt And Proposals To "Fix" It

If federal government stopped all crop subsidies, it would result in a savings of $6 billion/year.

The debt is $16 trillion. Or so I've heard.

$16 trillion / $6 billion --> 2,667 years. Assuming I did the division correctly. It's hard with all those zeroes.

Call me naive, but crop subsidies don't seem to be the problem.

The oil and gas manufacturing tax break at $17 billion is hardly any better. If that is also over ten years (the article is unclear), that would be $1.7 billion / year or $16 trillion / $1.7 billion --> 9,411 years.

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