Not long ago, I was thoroughly impressed with myself because I thought I was actually going to get the go ahead to execute a contract with an estimated value of $1M. Today, I spent a good part of the morning discussing a couple of projects that had several single budget lines of in excess of $100B. Thinking in terms of numbers that large takes a different kind of skill set. It’s definitely not balancing your average checkbook.
As fun as it is to play master of the universe with this kind of money, it occurred to me that this is exactly the kind of spending that managed to get us into a $14T national debt. Sure, it’s going for neat stuff, but I think in the back of everyone’s mind they question when the high times are going to stop. Sooner or later we all know that music is going to stop and everyone’s going to be looking for a chair when it does. In the meantime, let the good times roll.
Editorial Note: This part of a continuing series of posts previously available on a now defunct website. They are appearing on http://www.jeffreytharp.com for the first time. This post has been time stamped to correspond to its original publication date.