We are in budget star wars when budget talk becomes budget hyper talk

I  have not been the most loyal star wars viewer.   I saw the first movie, then maybe the second.  After that I confess that I lost interest.

But for me,    the most vivid memory of my star wars experience was the moment when the space ship’s captain clicked on the hyper speed switch and the craft instantly lurched ahead at a speed that was larger by a factor of 10 or100.   The millions of stars that populated the surrounding galaxy rushed past in a blur of streaking white shapes.

For today’s economic discussion, the notable issue is not the stars speeding past.  It is the instantaneous increase of speed by a factor of 100.   So it is with the economic discussions of our day.  We talk about dollar amounts that approach $500 billion, $600 billion, $900 billion.  And then, all of a sudden, we are back at 1.  Not 1 billion, but 1 trillion.

To maintain context and continuity of the economic narrative, we should not let our political or economic leaders refer to $1 trillion.  Rather we should insist that they call it like it is $1,000 billion.

After all, which sounds larger, 800 or 1?  If someone were to tell you we were incurring a budget deficit of 1 something, or 800 something, which would sound smaller?  If you were to say the 1, you would not be alone.  And that is the problem.

We should not permit our politicians to hypershift from billions to trillions.  It lulls the vast majority of the public into a sense of comfort and complacency.   If our deficit is larger than $900 billion and is approaching $1,000 billion, let’s call it like it is.  Do not let our political leaders downshift to trillions to make us feel more comfortable with what is fundamentally a very large budget indeed.

When I think back to my childhood, my father would frequently ask which is heavier. a pound of lead or a pound of feathers.

I ask you the budgetary equivalent.  Which is larger?  A budget of $3,800 billion or a budget of $3.8 trillion?