Did
you know that in the year 1803 President Thomas Jefferson presided over the purchase
of 828,000 square miles (529,920,000 acres) of land west of the Mississippi
River, the so-called Louisiana territory, consisting of all or part of 15 present day U.S. states and two
Canadian provinces, by the government of the United States of
America, for the sum of only $15 million
dollars – just $300 million in the value of today’s dollars?
For that we Americans got all of today’s Aransas,
Missouri, Iowa, Oklahoma, Kansas and Nebraska, parts of Minnesota, most of
North and South Dakota, northeastern New Mexico, northern Texas, and the parts
of Montana, Wyoming and Colorado east of the Continental Divide, plus Louisiana
west of the Mississippi River, including the City of New Orleans.
You see, in 1803 our politicians were frugal and Thomas
Jefferson got us real value for our money. That’s when government spending made
sense. He bargained with France for more than half a billion acres – about a
third of the land in present day America – for a paltry .04 cents per acre.
Sadly, today it’s a far different story. Our nation is now
in debt
to the tune of more than $17 trillion, $583 billion, and $720 million dollars –
a sum which is rapidly escalating by the second. Federal spending during just
this year alone as of today’s date totals more than $3 trillion, $514 billion, and
$738 million dollars.
President Jefferson, in 1803 could have purchased the entire planet Earth for less than a fraction of what our government
is spending in 2014.
Compare that with today’s government spending sprees. Last
year, for just one example, the Pentagon spent
$572 million to buy only 30 Russian-built military
helicopters for Afghan security forces. All of that money has been flushed down
the toilet as America is pulling out of Afghanistan and the Taliban will be
taking over the country and the helicopters.
Jefferson spent only about half that much money and we
lucky Americans received in perpetuity about a third of the land in our entire
nation. We’ll own that land forever and it cost us less than 30 Russian
helicopters abandoned in Afghanistan. Would you rather have 828,000
square miles of prime American heartland or 30 Russian made helicopters for
twice the price to donate to Afghani terrorists?
Our politicians today are spending on a cost adjusted
basis in just one day more than what Thomas Jefferson spent during his entire
presidency and the average American citizen is getting absolutely nothing to
show for it.
Today we have American unmanned military drones
costing almost $4 million each falling out of the sky and crashing like dead
flies at the rate of more than 400 drones lost in only the last 12 years. They’ve
slammed into homes, farms, runways, highways, waterways
and, in one case, an Air Force C-130 Hercules transport plane in midair.
The military owns about 10,000 of these unmanned drones,
and by 2017, the armed forces plan to fly drones from at least 110 bases in 39
states, plus Guam and Puerto Rico. No one in the government expects any of
these drones to last very long. They’re disposable.
Our politicians today have no qualms about disposing of
$4 million dollars like so many dirty tissues of Kleenex. I think it’s about
time that they and their legions of government bureaucrats started spending
again like it was done in 1803.
That was when government spending made sense.
You may want to re-check your figures. In 1803 an ounce of gold went for $19.39.
ReplyDeleteDivide 15,000,000 by 19.39 and you get 773,595 ounces.
Today an ounce of gold fetches approximately $1,320.
Multiply $1,320 by 773,595 and you get... $1,021,114,920. A bit over a billion dollars. Still a great bargain! (But quite a bit more than 300 million!)