It Would Take The Federal Government 96 Minutes To Spend The Largest Lotto Jackpot Ever

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The Mega Millions lottery jackpot has made headlines of late by hitting an all-time high of $640 million.

Editorial cartoonist Gary Varvel puts that into perspective:

To see how fast the Federal Government is spending money, divide the budget for 2011 by 8760 hours in a year you get over $400 million per hour. Now, here’s a perspective on how much 1 trillion is: If you spent $1 million every day since the time Christ was born until now, you will have spent approximately, $735 billion. Think about that. $1 million every day for 2012 years and you still will not have spent $1 trillion. And we’re $15.5 trillion in debt.

At the rate of $400 million/hour, it would take the federal government 96 minutes to spend the entire Mega Millions jackpot.

That’s not a problem we can fix by raising taxes.

Rob Port is the editor of SayAnythingBlog.com. In 2011 he was a finalist for the Watch Dog of the Year from the Sam Adams Alliance and winner of the Americans For Prosperity Award for Online Excellence. In 2013 the Washington Post named SAB one of the nation's top state-based political blogs, and named Rob one of the state's best political reporters. He writes a weekly column for several North Dakota newspapers, and also serves as a policy fellow for the North Dakota Policy Council.

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  • http://realitybasedbob.sayanythingblog.com/ realitybasedbob

    Wow, this America, it must be a big place, huh?

    • http://sayanythingblog.com Rob

      And that excuses our $16 trillion debt?

    • yy4u2

      With plenty of wide open spaces…as is evident by your posts.

      • Spartacus

         Do you mean like between his ears?

        • two_amber_lamps

           I don’t think that’s so much an open space as a yawning chasm.  An intellectual black hole from which nothing… logic, reason, even light can escape.

        • yy4u2

          Yes.  Always enjoy your comments and photo.

    • Roy_Bean

      Shouldn’t you be packing up your tent and heading down to occupy the Republican convention? 

      • Spartacus

         Packing up a tent resembles work, his type can’t have anything to do with it… allergies or something.

      • ND in MD

        No, he doesn’t need to, the government will just get him a new one. You don’t expect them to work do you?

      • two_amber_lamps

        Yes, RBB needs to occupy something… a padded cell perhaps?  Or a strait jacket?

        He already occupies his mom’s basement.

  • DopeyDem

    The sad part is it was already spent by them decades ago. 

  • http://realitybasedbob.sayanythingblog.com/ realitybasedbob

    So that’s like 48 hours of spending for bush’s wars, right?
    Got it. 

    • Gern Blanston

      Cute. Now explain the last three years of debt creation.

      • http://realitybasedbob.sayanythingblog.com/ realitybasedbob

        Exactly.

        About half the new debt has come from our new President putting bush’s wars and medicare mandates into the budget, instead of funding through supplementals, and the rest is odds and ends trying to keep the country he inherited from collapsing under the bush/gop great recession.

        Sure was a cute trick the last guy pulled on us, keeping his spending out of the real budget and paying for it by borrowing. Oh those wacky supplementals, huh?

        The new guy is doing alright.

        • Econwarrior

          Why stop there, liar? Almost all govt social spending started with FDR.  I like how you want to “blame President Bush” for fighting terrorism, but insist on giving obama credit for killing OBL.  Nice double standard.

          • $8194357

            Remember when Bush was abusing his executive powers?
            Soros said he saw a move to national fascism coming from the executive branch and America needed regiem change even if it cost him his entire fortune…So he “bought” Barry the White House and what has Barry been up to?

            Quote:

            Obama Grabs More Executive Power….. AGAIN!

            Posted on March 31, 2012
            by Conservative Byte

            Despite campaign promises to refrain from using executive powers to bypass Congress, President Barack Obama is increasingly doing just that, the Wall Street Journal reported on Friday.

            From helping rebels in the Libyan revolution to granting states waivers from the No Child Left Behind education act, Obama is finding it easier to push his agenda without asking for approval from elected senators and representatives, the paper said.

            And that is not sitting well with either Republicans or Democrats who are keen to defend their own turf against what they see as an overreaching executive.

            “When he ran for president, Barack Obama promised to roll back President George W. Bush’s use of executive power, a defining point of the Bush presidency,”
            Laura Meckler wrote in the Journal piece.

            “The pledge was part of a broader pitch about Mr. Obama’s governing style, which he said would focus on solving problems in a pragmatic, cooperative way.

            Accuse the conservitive of what you yourself are doing or going to do Alinsky 101…

            Go figure, huh?

        • Spartacus

          What budget? The government hasn’t had one since Obama took office. Are you attempting to reveal your satirical side?

          • Gern Blanston

            Yes – we didn’t have any record of that spending until Obama took office- and put it into the budget – NOW our deficits are skyrocketing and it’s all Bush’s fault – WAAAAAAAHHHH!!!! –

          • Spartacus

            Bush is only the tip of the iceberg, it’s really that “Rayguns” fault. If conservatives didn’t screw with, and everyone else that’s tried the socialist model would quit screwing with it, we might have already had it in place and been equally miserable. Life’s supposed to be fair isn’t it? Quit denying freeloaders their due you arrogant over achievers!

          • http://realitybasedbob.sayanythingblog.com/ realitybasedbob

            That Raygun sure did know how to spend, didn’t he?

          • Nac

             Hey…how about those obama girls going to Vegas on the tax payer dime?
            Oh wait…didn’t obama say no one should be going to Vegas?

          • Spartacus

            Tea bagger racist nazi

          • Nac

             LOL!!!

          • Spartacus

            but not like your guy, huh? Only difference is “raygun” accomplished something, we’re still waiting on the obama to do the same, aren’t we?

          • two_amber_lamps

            What?  He did accomplish something!  You think $5T in additional debt just spends itself?  That’s quite a bit of work thank you very much!  Something for Obama to hang himself his hat on this November….

        • ndoldman

          I could make more sense and have more of a handle on what this regime is doing after drinking a liter of sailer jerrys and I have maybe 1 drink a month if that,  go get sober.

        • ndoldman

          Earth to to the guy with his head in his colon the Demacrats controlled the congress the last 2 yrs when bush was in office if you are going to blame bush for your stated theory than the new guy should take the blame for this mess, he asked for the job , and he was to be soooooooooooooooo much smarter than Bush and things are getting worse.

        • two_amber_lamps

           Here we go again…  another episode of Bush Derangement Syndrome… 

          Maybe you should be medicated?  Seems these things pop up on you like seizures?

          http://www.bernardgoldberg.com/carbide/wp-content/uploads/image0012-238×300.jpg

        • Guest

           “About half the new debt has come from our new President”

          ALL of the NEW debt has come from obama. How un-American and unpatriotic.

    • Jfisher17

      The “stimulus” cost more. And did so much.  

  • mickey_moussaoui

    I plan on winning that jackpot, sending all the cash to a
    Swiss account and renouncing my citizenship.
    I’ll go live in Belize most of the time

    • Spartacus

       The Obama will take his ::ahem:: fair share before you ever see your first penny.

  • Spartacus

    Lottery’s are a good idea. The government doesn’t tax the poor but they do run the lotteries so the poor do wind up contributing something and for the most part get nothing in return but the promise that if they reinvest they could be a millionaire next Wednesday. A covert tax on the poor and stupid. I’m down with that, atleast some of them are coughing up something.

    Count down to Libs demanding free lottery tickets for the poor on 3…2…1…

    • awfulorv

      I’d favor a Lottery which, like Spain, I believe, has 800 winners of a million apiece. It’s logical to assume they’d make a larger impact than one big winner.  

  • Sparkie Arbuckle

    Raising taxes isn’t supposed to fix that problem.  It’s supposed to start paying for all the spending on the wars, etc.  Money ALREADY spent.  See how that works?

    • Econwarrior

      Raising taxes causes problems, little sparkie, it doesn’t fix them.  No war is “paid for” in real time.  You go for victory, then you rebuild afterward by redirecting the capital into the private ecnomy that was directed to the war effort. If you don’t understand the concept, study the postWWII period.  The investment in industrial capacity to defeat your fascist buddies was redirected to producing consumer goods, thus finally pulling us out of the FDR depression.  Now, obama is doing exactly the opposite of what it takes to recover from war; he’s trying to destroy the private sector, obstructing energy development and enlarging govt out of control, while piling up insane debt.
      That’s how it’s working right now.

  • DopeyDem

    The state lotteries were started as a slush fund to pay the teacher’s unions. How many states tell you that the lottery supports education in the state? That’s another way of saying, let’s give free money to the teachers. They can then donate to the Dems.

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