How Many Elon Musks Does it Take to...

@porwest (98579)
United States
February 24, 2025 6:28am CST
Consider this staggering number for a moment if you will. $7 trillion. Yes, that's with a T. That's how much money the government typically spends in a year. $7 trillion. $5 trillion of that is collected in tax revenues. The other $2 trillion is added to the national debt which now stands at $37 trillion. Let's just consider the $7 trillion first. Elon Musk is currently sitting on a net worth of $384 billion. In order to get to $7 trillion, you would need 19,000 Elon Musks on the planet. You read that right, nineteen THOUSAND Elon Musks. Now, let's take a look at that $37 trillion, which we also pay interest on, by the way. How many Elon Musks would it take to pay that off? 96,354. Perhaps where we go wrong is that we use a word like trillion, which doesn't quite have the same impact as if we were to say that $37 trillion is $37,000 billion. It makes it quite a bit even more remarkable when you consider that the total value of the entire Forbes 400 billionaires list is only $5.4 trillion. You would need to duplicate the number of billionaires on that list 7 times to 2,800 to generate $37 trillion. Even if you confiscated the whole $5.4 trillion, consider it took decades for many of these billionaires to make this money. It would take decades for them to earn it back. Asking our government where the money is going or asking them to pull back the reins is simple common sense. It's simply not sustainable to incur this much debt year in and year out. Staying the course on this path, eventually the United States would invariably default on its debts, the dollar would collapse, and our country would fall.
7 people like this
5 responses
@1creekgirl (43161)
• United States
24 Feb
Well said as usual, Jim. You have a way of making difficult situations clearer. People understand that if they have too much debt and can't even afford the minimum payment, they'll eventually have to become bankrupt. But they don't realize the same thing can happen to a nation.
2 people like this
@porwest (98579)
• United States
25 Feb
It boggles the mind. But here we are, hey?
1 person likes this
@moffittjc (123368)
• Gainesville, Florida
25 Feb
We definitely need to get the debt under control, so I welcome this look at our spending. But we also need Congress to do their part and bring the budget under control. It is possible to do.
1 person likes this
@moffittjc (123368)
• Gainesville, Florida
3 Mar
@porwest Yes, but at some point the spending becomes unsustainable. How much longer can we keep going down this spend, spend, spend path?
1 person likes this
@porwest (98579)
• United States
25 Feb
It's always been possible to do, but it requires actually being interested in doing it. That's the part that is the problem. It's too easy to spend, spend, spend, and then just ask us for more and more money.
1 person likes this
@porwest (98579)
• United States
7 Mar
@moffittjc We can't. Trump recognizes this. Thus, DOGE. At the same, we need to have something more permanent than DOGE, because if all we do is cut some now and then go on with business as usual after the fact, we'll be in the same boat later on and all we effectively accomplish is another round of kicking the can.
1 person likes this
@BarBaraPrz (49113)
• St. Catharines, Ontario
24 Feb
And you'd need a wheelbarrow full of $5-notes to buy a cup of tea. It's getting beyond the point of believability. And I wonder what Melonhead there uses to polish his face...
1 person likes this
@porwest (98579)
• United States
24 Feb
Not sure what the latter part of your comment has to do with this post, but okay. lol Let me put that $37 trillion in another perspective for you. That's $105,714.29 each and every American citizen owes to the Federal government in taxes ultimately to pay off the debt. You got that lying around in a piggy bank somewhere?
1 person likes this
@BarBaraPrz (49113)
• St. Catharines, Ontario
24 Feb
@porwest He looks very shiny in that photo.
1 person likes this
@porwest (98579)
• United States
25 Feb
@BarBaraPrz What does that have to do with the price of tea in China? Biden looked addled. No one ever commented on that, but suddenly "appearances" are our focus? Seems a bit...deranged, actually.
1 person likes this
@JESSY3236 (20341)
• United States
25 Feb
Yesterday was my birthday so I wouldn't mind have that trillion dollars. lol
1 person likes this
@porwest (98579)
• United States
25 Feb
We could all use a trillion dollars. It would solve more than one problem, for sure. lol
1 person likes this
@dgobucks226 (36369)
1 Mar
There is not a program, lobbyist or agency a senator or congressman would ever say "no" too. This is why we are in the fix we are in. The real job of a politician is to get something done which helps their state or district, it is not fiscal responsibility. Whatever it costs to win them re-election is what they are focused on. Spending our money is a means to an end. Finally, some accountability of just what our taxpayer monies are going toward. It scares the "crap" out of these politicians because they will be exposed for what they are... swindlers at America's expense. Most of these politicians have never run a business or produced anything in their lives. They haven't a clue what a balanced budget means.
1 person likes this
@dgobucks226 (36369)
6 Mar
@porwest That is an interesting and accurate analogy.
1 person likes this
@porwest (98579)
• United States
8 Mar
@dgobucks226 One of the best tools one can keep in their shed is to have the ability to be cynical and not immediately trust one's stated motivations. It helps you to take a step back a bit more and better evaluate a person rather than simply take them at their word.
1 person likes this
@porwest (98579)
• United States
6 Mar
I have long held that sometimes (and probably most of the time) what drives one to run for office is that "easy street" and access to bucketloads of money they never have to work for appeals to them. Lots of crooks and swindlers in Congress much like there are lots of pedophiles in schools and churches—easy access to the source of what they are after.
1 person likes this