| $730,000,000,000
...per year.
That's what we're pizzing away right now on oil IN EXCESS price of a barrel. That's right, if we just assume oil is worth $50 a barrel, which is what it was ONE YEAR AGO, then we use $150, which is right around the corner, and it stays there for a year, it will dwarf what we spend on national defense. It would be the largest single item on our national tab.
Think about that. Can you imagine a federal program that goes from ZERO to $730 billion...in one year? That's a $2,400 tax on every man, woman and child in this country.
That is nearly double the largest single year budget deficit in our history. That is enough money to retire the national DEBT in about 11 years. |