On The World Scene - Gene H Hogberg - February 06, 1978

Gene H Hogberg

HOW MUCH IS $500 BILLION? Let's look again, from the perspective of story (some of it very recent) at President Carter's "lean and tight," half-trillion dollar budget. It took 173 years from the founding of the Republic until 1962 to come up with America's first $100 billion federal budget. It took nine more years, until 1971, to reach $200 billion. Four years later saw us surpass $300 billion, and two years after that we reached $400 billion. Now we are looking at a "lean and tight" $500 billion, with the trillion-dollar budget lurking just around the corner. - Information Supplied By: Herbert W Armstrong Library