Mike Conaway: “It is stunning to think that a stack of $1,000 bills, 1,000 of those, which would equal 1 million bucks would be 4…”

“It is stunning to think that a stack of $1,000 bills, 1,000 of those, which would equal 1 million bucks would be 4 inches tall. Another way to look at $1 trillion, if you were to try to spend $1 trillion in 1 year, to do that, you would have to spend $32,000 per second every second of the year in order to get, to fight your way through $1 trillion. It's a staggering amount of money. The number that doesn't show on your charts there is the unfunded promises that we've made. There is about $62 trillion in unfunded promises that we've made. To pay off that $62 trillion--that is the present value of those unfunded promises, this Federal Government over the next 75 years would have to run a $62 trillion surplus. I don't know who thinks that is even remotely possible to make that happen. The 4 years out of the last 40, I think, that cumulative $17 billion in surpluses over that 40-plus year period, and now we've added another 10 years to that 40 of deficits. The first-quarter deficit for fiscal year 2010 is the fourth-largest, and would have been the fourth largest annual deficit ever, just to show you how fast we are running through this money.”