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Rep. Patrick McHenry, R-N.C.

A leading Republican congressman has developed a simple explanation of how much money $3.73 trillion – the amount President Obama has proposed the federal government spend next year – represents.

“Bill Gates? You could buy him 69 times over,” quips Rep. Patrick McHenry, R-N.C., “[or] buy every Wal-Mart in the world 15 times.”

“You could buy the [New York] Yankees – love ‘em or hate ‘em, they’re America’s most expensive baseball team;” he adds, “you could buy them 2,331 times.”

McHenry, a GOP House deputy whip and member of the House Budget, Financial Services and Oversight Committees, created a simple, whiteboard presentation explaining the enormity of Obama’s proposed budget and posted a video of it on YouTube and his Facebook page.

“Enough is enough!” McHenry comments. “This kind of spending only means higher taxes in the future. We have to stop kicking the can down the road; our economy simply can’t afford it.”

Shock the Washington establishment by participating in the “No More Red Ink” campaign and shut down all new plans for bailouts, “stimulus” spending and even the funding for Obamacare.

The video itself can be seen below:

Among other potential uses of Obama’s proposed $3,728,686,000,000 budget McHenry listed include the following:

  • Give each American $12,000
  • Buy the entire Target department store chain, 68 times
  • Buy every team in the National Football League, 114 times

The total mount, McHenry explains, represents 25.3% of the U.S. gross domestic product.

“President Obama ignored the warnings of both liberal and conservative economists, his own fiscal commission, and the message voters sent in November; and that is that we have to cut spending in order to create jobs,” McHenry states in the video. “Instead he sent us a budget that raises taxes and adds $13 trillion to the national debt.”

Shock the Washington establishment by participating in the “No More Red Ink” campaign and shut down all new plans for bailouts, “stimulus” spending and even the funding for Obamacare.


Previous reports:

Obama’s budget spikes federal debt

Tea party joins opposition to raising debt limit

Another House Repub joins no-more-borrowing club

‘Obamacare can be killed without single Democrat vote’

‘We’re winning biggest congressional battle of decade’

70 percent of Americans oppose raising debt limit

87 House Repubs promised opposition to raising debt limit

‘Don’t let House Republicans wimp out on promises’

Feds change guess on debt ceiling ‘crisis’

Keyes attacks House Repubs for capitulation on debt

Debt or alive: Obama ‘pushing panic button’

Republicans about to betray November shellacking?

Secret weapon unveiled to slay dragon of Obama’s scheming

Remember ‘pink slips’? Now it’s red ink slips

How Republican House can dry up red ink with 1 vote

‘House Republicans alone can downsize Washington’

The Republicans’ nuclear option

Oxymoron: ‘Fiscal conservative’

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