Posts Tagged ‘$1.2 trillion’

Obama Demands $1.2 Trillion Debt Ceiling Extension – Making Him Responsible For $6.2 Trillion In Just Three Years

January 13, 2012

This is basically a reprint of an article I wrote a couple of weeks ago (available here).  But given that Obama floated the idea that he would ask for this third trillion-plus dollar debt ceiling extension (Obama is now responsible for the three highest debt extensions in the history of the entire human race), then decided to hold off his request, then decided to make it again, it seems like the thing to do to blast him as a spend-insane fool all over again.

Here are Obama’s own demagogic and frankly demonic words about George Bush:

“The problem is, is that the way Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name of our children, driving up our national debt from $5 trillion for the first 42 presidents – #43 added $4 trillion by his lonesome, so that we now have over $9 trillion of debt that we are going to have to pay back — $30,000 for every man, woman and child. That’s irresponsible. It’s unpatriotic.”

And:

The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Increasing America’s debt weakens us domestically and internationally. Leadership means that ‘the buck stops here. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.”

America certainly deserves better than Barack Obama.  And I read these demonizing words from this demagogue who has never ONCE accepted personal responsibility for the spectacular failure of his policies and just laugh with contempt at the way he pontificated about how “leadership means ‘the buck stops here.'”

Obama is now responsible for $6.2 trillion in debt in less than one term; versus George Bush whom Obama demonized for being responsible for $4 trillion over EIGHT FULL YEARS.

Why doesn’t Obama resign? Because in his own words “Americans deserve better” than him.

$30,000 for every man, woman and child? Boy, that would seem really bad. Unless the worst president in the history of the human race didn’t come along and make it over $50,000 for every man, woman and child.

Under Obama, the debt is nearly $15.2 trillion. But that aint nothing: because Barry Hussein is demanding yet another debt ceiling hike for yet another $1.2 trillion:

WASHINGTON (Reuters) – The White House plans to ask Congress by the end of the week for an increase in the government’s debt ceiling to allow the United States to pay its bills on time, according to a senior Treasury Department official on Tuesday.

[…]

The debt limit currently stands at $15.194 trillion and would increase to $16.394 trillion with the request.

Hmm. $9 trillion…. $16 trillion. Which one is a more irresponsible, unpatriotic failure of leadership??? Gosh, I vote Democrat so I’m just too…. insane … and stupid… to know…

Feeling…. weak… Must… blame… Bush…

And there: now we Democrats – having healed ourselves – feel much better now. Because that “blame Bush” pill cures everything. Except reality. But why should we care about a silly thing like that?

If there was so much as a shred of honesty or decency in Barack Obama, in the Democrat Party, or in anyone who votes for the Democrat Party, they would do the only honorable thing and just go away and leave decent Americans alone.

I hear North Korea is real nice. And it’s a “People’s republic,” too. With a brand spanking new dear leader messiah. You libs will like it just fine.

There’s just nothing like the economic “success” of leftism.

Someone commenting on the latest debt ceiling hike (which now makes Obama responsible for the THREE highest debt celing hikes in the history of the entire human race) asked a question. And then he answered it:

“Where does this end? When does this stop? I guess when there is no more money to take from us and then the riots start.”

Looking at the vile crap that went on in Wisconsin and then the even MORE vile crap that took place all over the country in the Occupy riots, it looks like we’re already there…

Another made an even sadder observation:

Greece. Italy. Spain. America. Pathetic.

We voted to collapse when we voted for Obama; and we are getting EXACTLY what we voted for.

As of January 13, 2012, Democrats will demonstrate that they are the Party of genuine depravity and utterly reckless stupidity in America having gone 988 days without bothering to pass ANY budget WHATSOEVER.  They are the reckless party of genuine evil in America.  And they will destroy America unless the American people rise up and stop them.

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Worst Hypocrite Who Ever Lived To Ask For Yet ANOTHER Trillion-Plus Dollar Debt Ceiling Hike

December 28, 2011

Obama then:

“The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Increasing America’s debt weakens us domestically and internationally. Leadership means that ‘the buck stops here. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.”

Obama then:

“The problem is, is that the way Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name of our children, driving up our national debt from $5 trillion for the first 42 presidents – #43 added $4 trillion by his lonesome, so that we now have over $9 trillion of debt that we are going to have to pay back — $30,000 for every man, woman and child. That’s irresponsible. It’s unpatriotic.”

And then there’s the Obama of now.  There’s the president who demonized his predecessor in a vicious and hateful way who has since demanded the three highest debt ceiling increases in the history of the entire human race.

Obama is demanding yet another debt ceiling hike – this one to the tune of $1.2 trillion.  Because he is determined to spend until our children’s children’s children’s children’s children’s children’s children’s children are still paying off his debts.  Because that is liberalism in a nutshell: destroy America and destroy any chance of a future America ever coming back.

Democrats seem to think that if America even has so much as a thousand-to-one longshot chance of having a future, they haven’t done their job.

It’s as if in the Democrat Party the Soviet Union stabbed us in the heart from the grave.  The Communist Party USA sings Obama’s praises as “one of us!” while the former U.S.S.R. mouthpiece Pravda openly mocks Obama’s America as having a fervent desire to commit national suicide.

The true “Da, Comrade!” Party of socialism in America is the Democrat Party.  And that is simply a documented fact.

And, of course, if Republicans try to do the right thing and stand up against the most completely-out-of-control government in human history, they will be demonized into submission by the Democrat-media complex.  You don’t dare do the right thing in God damn America anymore; the American people are too stupid and too evil and too bent on going the way of the Dodo bird.

Which is why the beast is coming.

ObamaCare Already Rearing Its VERY Ugly Head

March 28, 2010

You’ve got to be amazed at the Democrats’ arrogance, incompetence, and ignorance.

They are apparently having their version of Casablanca’s Captain Renault moment: “I’m shocked, shocked to find that gambling is going on in here!”

Only, in this Democrat-retelling, Captain Renault instead says, “Gambling?  There’s no gambling going on here!  It’s just gaming, not GAMBLING!  Why, it’s nothing more than two parties engaging in a predictive enterprise, in which the accurate prediction is rewarded in a monetary transaction.  But gambling?  You’re a violent racist to call that ‘gambling’!!!

Oh, my goodness.  I think you just spat on me!  It’s just the kind of thing you haters who attack us as “gamblers” would do!”

MARCH 27, 2010
The ObamaCare Writedowns
The corporate damage rolls in, and Democrats are shocked!

It’s been a banner week for Democrats: ObamaCare passed Congress in its final form on Thursday night, and the returns are already rolling in. Yesterday AT&T announced that it will be forced to make a $1 billion writedown due solely to the health bill, in what has become a wave of such corporate losses.

This wholesale destruction of wealth and capital came with more than ample warning. Turning over every couch cushion to make their new entitlement look affordable under Beltway accounting rules, Democrats decided to raise taxes on companies that do the public service of offering prescription drug benefits to their retirees instead of dumping them into Medicare. We and others warned this would lead to AT&T-like results, but like so many other ObamaCare objections Democrats waved them off as self-serving or “political.”

Perhaps that explains why the Administration is now so touchy. Commerce Secretary Gary Locke took to the White House blog to write that while ObamaCare is great for business, “In the last few days, though, we have seen a couple of companies imply that reform will raise costs for them.” In a Thursday interview on CNBC, Mr. Locke said “for them to come out, I think is premature and irresponsible.”

Meanwhile, Henry Waxman and House Democrats announced yesterday that they will haul these companies in for an April 21 hearing because their judgment “appears to conflict with independent analyses, which show that the new law will expand coverage and bring down costs.”

In other words, shoot the messenger. Black-letter financial accounting rules require that corporations immediately restate their earnings to reflect the present value of their long-term health liabilities, including a higher tax burden. Should these companies have played chicken with the Securities and Exchange Commission to avoid this politically inconvenient reality? Democrats don’t like what their bill is doing in the real world, so they now want to intimidate CEOs into keeping quiet.

On top of AT&T’s $1 billion, the writedown wave so far includes Deere & Co., $150 million; Caterpillar, $100 million; AK Steel, $31 million; 3M, $90 million; and Valero Energy, up to $20 million. Verizon has also warned its employees about its new higher health-care costs, and there will be many more in the coming days and weeks.

As Joe Biden might put it, this is a big, er, deal for shareholders and the economy. The consulting firm Towers Watson estimates that the total hit this year will reach nearly $14 billion, unless corporations cut retiree drug benefits when their labor contracts let them.

Meanwhile, John DiStaso of the New Hampshire Union Leader reported this week that ObamaCare could cost the Granite State’s major ski resorts as much as $1 million in fines, because they hire large numbers of seasonal workers without offering health benefits. “The choices are pretty clear, either increase prices or cut costs, which could mean hiring fewer workers next winter,” he wrote.

The Democratic political calculation with ObamaCare is the proverbial boiling frog: Gradually introduce a health-care entitlement by hiding the true costs, hook the middle class on new subsidies until they become unrepealable, but try to delay the adverse consequences and major new tax hikes so voters don’t make the connection between their policy and the economic wreckage. But their bill was such a shoddy, jerry-rigged piece of work that the damage is coming sooner than even some critics expected.

The Democrats passed their totally partisan bill (the only bipartisanship was in the “Hell no!” vote, with 34 Democrats joining every single Republican).

The New York Times reported that Obama’s core promise was his pledge that he would transcend the starkly red-and-blue politics of the last 15 years, end the partisan and ideological wars, move beyond the divisive politics of Washington, and build a new governing majority that brought Democrats, independents and Republicans together.  And now we know that his fundamental, core promise was just a total lie, a massive lie of the devil.  Not only did he not try to become a unifying figure, as he cynically and deceitfully promised, but he became the most polarizing president in the history of the nation.  And that broken promise is now erupting into open rage like we have never seen in this country.

Obama is trying to demonize Republicans for the anger, but HE WAS THE ONE WHO PROMISED TO BE A TRANSCENDENT FIGURE.  HE WAS THE ONE WHO LIED.

Democrats have obfuscated every fact with spin and lies, and every single truth teller they could not bribe or intimidate they have tried to destroy.

Democrats can pass a pile of stinking lies on a 100% partisan ideological vote, but what they can’t do is make that pile of stinking lies that comprise ObamaCare actually work.  The Democrats health care law is already an open disaster, and it will continue to grow into a bigger and bigger disaster no matter how many congressional kangaroo courts they hold to demonize businesses who reported that their costs will skyrocket under this evil bill.

Obama said if you liked your health care you could keep itABC was reporting that that promise was questionable back in July of last year.  Now it is a proven lie.  It was just another whopping lie of the devil all along.  Businesses are taking hits in the millions and even in the billions of dollars.  And one of them after another is going to start dumping their retirees into Medicare as the cost of offering private insurance plans soar under ObamaCare.

Obama’s reckeless spending is simply staggering.  The CBO is reporting that it is a gigantic $1.2 TRILLION more than Obama said it would be.  And they are reporting the terrifying news that the federal debt will soar to 90% of Gross Domestic Product.

Business costs are soaring.  AT & T will take a billion dollar hit because of ObamaCare.

As bad as that is in dollars, the bigger hit may well be the one taken by Caterpillar, because it shows the abject hypocrisy and fraud of ObamaCare.  Last year Obama said that “you can measure America’s bottom line by looking at Caterpillar’s bottom line.” And now that same Caterpillar is taking a $100 million hit due to ObamaCare.  Now that same Caterpillar is saying, “From our point of view, a tax increase like this cannot come at a worse time.”

That means fewer jobs for Americans.  A LOT fewer jobs.  And no denials by our Democrat version of Captain Renault can change that with his sputtering denials.

And there are other hidden provisions that are starting to leap out of this bill that Democrats passed, but apparently never bothered to read.

Now we’re finding that Americans are going to take a hit as high as $2,000 under another dark tunnel provision in ObamaCare.

“The damage is coming sooner than expected.”

That’s the nutshell summary of ObamaCare.

CBO Totally Off Projecting Social Security Meltdown

March 26, 2010

The Congressional Budget Office has a 100% track record: they always underestimate how much government programs cost; and they always fail to project how soon they will go to hell.

It is ironically fitting that we have the news that Social Security is going into the red way ahead of schedule the same week that we pass a law based on a massively erroneous CBO projection.

From the New York Times:

This year, the system will pay out more in benefits than it receives in payroll taxes, an important threshold it was not expected to cross until at least 2016, according to the Congressional Budget Office.

Okay.  The CBO was off by a whopping six years.

And we’re supposed to trust the accuracy of their bogus politicized “score” of ObamaCare why?

The New York Times goes on to say:

Mr. Goss said Social Security’s annual report last year projected revenue would more than cover payouts until at least 2016 because economists expected a quicker, stronger recovery from the crisis. Officials foresaw an average unemployment rate of 8.2 percent in 2009 and 8.8 percent this year, though unemployment is hovering at nearly 10 percent.

The trustees did foresee, in late 2008, that the recession would be severe enough to deplete Social Security’s funds more quickly than previously projected. They moved the year of reckoning forward, to 2037 from 2041. Mr. Goss declined to reveal the contents of the forthcoming annual report, but said people should not expect the date to lurch forward again.

Do you get that?  The report that said everything would be just peachy dandy until 2016 was just written LAST YEAR.

These people don’t have a freaking clue.  And that is simply a fact.

You were sold a bill of lies packaged under the rhetoric, “Ten years from now, ObamaCare will only cost X, Y, and Z.”

These people don’t know what the hell will happen next week, let alone next decade.

The math necessary to justify the proposition that ObamaCare would cover 30 million more people and run in a deficit neutral fashion rather reminds me of a Sidney Harris cartoon:

All I can tell you is the Democrats’ math wasn’t even explicit in step one.

There were so many gimmicks, shenanigans, and outright lies in the legislation they sent to the CBO for scoring that it isn’t even funny.

This bill will boomerang back at us in the coming years and it will bankrupt the country.  We’ve had wildly wrong budget projections in the form of analysis justifying Social Security and Medicare.  And now we’ve got $100 trillion debt in unfunded liabilities to show for those totally bogus projections.  We’ve managed to weather the massive red ink deficits in those programs until now, but there’s a fundamental difference with ObamaCare.  That difference is A) that we’re stacking ObamaCare on top of those massive liabilities and compounding trillions on top of trillions; and B) that the economy is in FAR worse shape than it was than when these massive programs went off the rails.

79% of Americans see a complete economic collapse coming.  They’re right.  Get ready for it.  Because the beast is coming.

Update, March 26: Today we have this news as reported in the Washington Times:

CBO report: Debt will rise to 90% of GDP
Friday, March 26, 2010
By David M. Dickson

President Obama’s fiscal 2011 budget will generate nearly $10 trillion in cumulative budget deficits over the next 10 years, $1.2 trillion more than the administration projected, and raise the federal debt to 90 percent of the nation’s economic output by 2020, the Congressional Budget Office reported Thursday.

In its 2011 budget, which the White House Office of Management and Budget (OMB) released Feb. 1, the administration projected a 10-year deficit total of $8.53 trillion. After looking it over, CBO said in its final analysis, released Thursday, that the president’s budget would generate a combined $9.75 trillion in deficits over the next decade.

Only a total fool would trust the government’s ability to do anything other than massively underestimate its debts.

The problem is that fools from the party of fools are in power.

Democrats ‘Fix’ ObamaCare Numbers By Leaving Out TRILLIONS In Additional Spending

March 20, 2010

This is Bernie Madoff Accounting. And the same fate that befell Madoff’s investors will one day befall the American people. The Democrats only count the costs they want to count, and simply pretend the rest don’t exist, or assure us that they somehow shouldn’t be counted.  Positive numbers from unrealistic expectations show up on one side of the ledger, while negative numbers representing massive government and personal spending are ignored.

This article will demonstrate the REAL cost of ObamaCare.  And what we will find is that the monster it creates will sneeze chunks bigger than the $940 billion that the CBO score pitches.

It’s not like the CBO isn’t aware that it is being played like a fiddle.  They can only analyze legislation as it is presented – and this legislation is being presented by partisan Democrat ideologues.  The CBO has pointed out that the Democrats have a pattern of double-counting the same dollars.  But they can’t do anything about it: if the Democrats tell them to double-count, they dutifully double-count.  Paul Ryan points out that Medicare cuts are double counted, Social Security taxes get double counted, increased CLASS Act premiums get double counted, to the tune of hundreds of billions of dollars.  Other sources of revenue – such as the not-to-be-implemented “Cadillac Tax” which would itself count for 25% of deficit reduction in the CBO score – will likely NEVER see the light of day. The CBO numbers become a shell game.

You can understand why the Democrats would want to run away from details of the CBO score. If the facts get in the way of their theory, so much the worse for the facts.

Then there’s the likelihood that ObamaCare will destroy as many as 700,000 jobs.  What’s THAT going to cost America?  Would THAT be “deficit neutral”?  And how much will it cost Americans as increased government taxes on private health insurance companies, pharmaceutical companies, and medical device and supply companies, pass the burden of those taxes onto us? Will THAT be “deficit neutral” for American families?

But let’s stay out of the budgetary weeds, and remain on what is clear and straightforward.

Let us first begin with the “Doctor fix,” which is a $208 billion spending measure to restore the reimbursement rates for doctors who treat Medicare patients.  If it isn’t passed, the current rate – which already leaves hospitals and many doctors losing money to treat Medicare patients – would be slashed by an additional 21 percent.  It simply has to be fixed, or doctors and hospitals will quit treating Medicare patients.

But if the Democrats strip that part out of their health care bill, they can claim that 21 percent reduction in doctors’ reimbursements as “savings.”  Even if they intend to fix the reimbursement rate, such that those “saving” never materialize.  And that little bit of fiscal circular reasoning allows them to claim that their bill is “deficit neutral.”

Medicare fix would push health care into the red
Rollback of Medicare cuts to doctors, if added to health care bill, push it into the red
On Friday March 19, 2010, 6:33 pm EDT

WASHINGTON (AP) — Congressional budget scorekeepers say a Medicare fix that Democrats included in earlier versions of their health care bill would push it into the red.

The Congressional Budget Office said Friday that rolling back a programmed cut in Medicare fees to doctors would cost $208 billion over 10 years. If added back to the health care overhaul bill, it would wipe out all the deficit reduction, leaving the legislation $59 billion in the red.

The so-called doc fix was part of the original House bill. Because of its high cost, Democrats decided to pursue it separately. Republicans say the cost should not be ignored. Congress has usually waived the cuts to doctors year by year.

What this basically means is that $940 billion number in the CBO report that the Democrats are cheering over is entirely subjective.  It would have been a lot higher if they had included the stuff they should have included.  And they didn’t include these things simply because it would have made their number look bad.  It’s Alice in Wonderland accounting.

So let’s look at the truth: Democrats are claiming that their “$940 billion bill” would reduce the ten-year deficit by $138 billion.  But in reality, the doctor fix which SHOULD be in the bill would INCREASE THE DEFICIT by $59 billion.  That’s a swing of 197 billion dollars, which is one hell of a swing indeed.

But that certainly isn’t the only budget shenanigan that Democrats have used to monkey the numbers to appear to look like what they want:

For a variety of reasons, this tally doesn’t remotely reflect the bill’s real ten-year costs.  First, it includes 2010 as the initial year.  As most people are well aware, 2010 has now been underway for some time.  Therefore, the CBO would normally count 2011 as the first year of its analysis, just as it counted 2010 as the first year when analyzing the initial House health bill in the middle of 2009.  But under strict instructions from Democratic leaders, and over strong objections from Republicans, the CBO dutifully scored 2010 as the first year of the latest version of Obamacare.  If the clock were started in 2011, the first full year that the bill could possibly be in effect, the CBO says that the bill’s ten-year costs would be $1.2 trillion.

This $260 billion ($1.2 trillion minus $940 billion) deficit created by backdating the bill to 2010 instead of starting in 2011 when they should (until Democrats instructed them to do differently) has nothing to do with the deficit created by the doctor fix.  So they compound: $260 billion plus $197 billion equals $457 billion.

So we’re talking about a real and obvious deficit of nearly half a trillion dollars.  But that’s nowhere near as bad as it will really be.

You see, even starting the CBO ten-year cycle in 2011 is nothing more than a gimmick.  That’s because the plan begins taxing in 2011, but benefits (actual spending outlays) don’t begin to be funded until 2014.  The Democrats tax for ten years, but only spend for six.  Why did they do that?  Because that is the only way they can get the illusion of a “deficit neutral” figure.  As Heritage points out:

[S]ome scrupulous tactics were used to calculate the 10-year cost projections. The key provisions in the health care bill don’t go into effect until 2014. Meanwhile Medicare cuts and tax increases would go into effect immediately. So the money raised through taxes and spending cuts in the first four years of the 10-year projection would offset the expenditures in the subsequent six years. Consequently, when the true ten year window (2014-2023) is examined, and the costs of the “Doc Fix” are taken into account, the cost rises to $2.3 trillion.

This – and the shenanigans Democrats employ with the CLASS Act – is why Heritage rightly calculates the REAL cost of ObamaCare as likely far higher than $2.5 TRILLION.

These are obvious and transparent gimmicks.  But the mainstream media is largely simply ignoring it.  They are liberal in their ideology and “gatekeepers” in their philosophy of journalism.  The result is that they don’t tell you anything that they don’t want you to know.

But even that – as utterly terrible as it is – is STILL not anywhere close to the REAL cost of this disastrous health care bill.  Consider the most sobering Democrat omission of all.  From Cato:

Another gimmick pushes much of the legislation’s costs off the federal budget and onto the private sector by requiring individuals and employers to purchase health insurance.  When the bills force somebody to pay $10,000 to the government, the Congressional Budget Office treats that as a tax.  When the government then hands that $10,000 to private insurers, the CBO counts that as government spending.  But when the bills achieve the exact same outcome by forcing somebody to pay $10,000 directly to a private insurance company, it appears nowhere in the official CBO cost estimates — neither as federal revenues nor federal spending.  That’s a sharp departure from how the CBO treated similar mandates in the Clinton health plan.  And it hides maybe 60 percent of the legislation’s total costs.  When I correct for that gimmick, it brings total costs to roughly $2.5 trillion (i.e., $1 trillion/0.4).

Here’s where things get really ugly.  TPMDC’s Brian Beutler calls “the” $2.5-trillion cost estimate a “doozy” of a “hysterical Republican whopper.”  Not only is he incorrect, he doesn’t seem to realize that Gregg and I are correcting for different budget gimmicks; it’s just a coincidence that we happened to reach the same number.

When we correct for both gimmicks, counting both on- and off-budget costs over the first 10 years of implementation, the total cost of ObamaCare reaches — I’m so sorry about this — $6.25 trillion.  That’s not a precise estimate.  It’s just far closer to the truth than President Obama and congressional Democrats want the debate to be.

For the record, it was this subsidizing of the private health insurance companies that Dennis Kucinich was talking about before he backstabbed his own principles and voted for the bill anyway.

In 1994, the universal health care plan proposed by President Clinton included a mandate requiring all individuals to purchase health insurance. The Congressional Budget Office studied the issue and concluded that the United States had never in all its history mandated that individuals purchase any good or service.  The CBO stated:

A mandate requiring all individuals to purchase health insurance would be an unprecedented form of federal action. The government has never required people to buy any good or service as a condition of lawful residence in the United States. An individual mandate would have two features that, in combination, would make it unique. First, it would impose a duty on individuals as members of society. Second, it would require people to purchase a specific service that would be heavily regulated by the federal government.”

But it is going to start doing so now, under Obama and the Democrats in Congress.  They could care less about the Constitution, or about the consequences of radically expanding already massive government bureaucracies.

Obama is going to force you to purchase insurance, but the CBO won’t count the cost of one penny of that spending, now or ever.  If you send money to the government that the government requires you to send them, that’s a tax.  If the government spends money, that counts as spending.  But if the government forces you to send money to a private health insurance company, that isn’t counted.  It amounts to a tax that isn’t “deemed” (there’s a good word these days) a tax.

Thus the REAL ten-year cost of ObamaCare won’t be $940 billion.  It won’t even be $2.5 trillion.  It will be SIX TRILLION DOLLARS.  And counting, and counting, and counting, and counting.