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.

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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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