To put that in perspective, were Bill Gates' entire net worth confiscated by the feds, it would only pay for 1/10th of this year's deficit. Indeed, everything the richest man in the world has ever earned wouldn't even pay for a small fraction of our war in Iraq. The federal government now spends more than his entire asset base every week.
The federal budget continues to grow at a pace far exceeding that of the GDP. It is amazing to me that George W. Bush can still claim with a straight face to be a fiscal conservative. Then again, shame is a rare commodity among politicians.