Monday, September 29, 2008
Can you actually wrap your mind around this amount of money? Let's see if I can help you!
One million dollars equals approximately 2,200 pounds, which we'll call a ton + a little bit
One billion equals approximately 1,100 tons
One trillion equals approximately 1.1 million tons.
If you were standing next to a pile of $1 trillion in one dollar bills and threw a dollar into a fire every second. You will be standing in front of that fire for 31,710 years!
A stack of one thousand dollar bills totaling a one million dollars would be 4 inches tall. Take that same stack multiply it buy one million it would be equal to one billion dollars and stand about 357 feet. Now take your billion dollar stack multiply it by a million and and you would have a trillion dollars stand 68 miles high. Do you realize that commercial airlines don't even fly that high???
$1 Trillion dollars placed end to end would reach from the Earth to the Sun!!!
Still not getting it?
Ok, maybe if you were to think of it the way David Leonhardt illustrated in the New York Times almost two years ago:
"For starters, [$1 trillion] would pay for an unprecedented public health campaign — a doubling of cancer research funding, treatment for every American whose diabetes or heart disease is now going unmanaged and a global immunization campaign to save millions of children’s lives.Interestingly, Leonhardt writes, that the Iraq War cost a couple of billion dollars a week and, over the full course of the war, there will be an eventual total of $700 billion in direct spending.Combined, the cost of running those programs for a decade wouldn’t use up even half our money pot. So we could then turn to poverty and education, starting with universal preschool for every 3- and 4-year-old child across the country. The city of New Orleans could also receive a huge increase in reconstruction funds.
The final big chunk of the money could go to national security. The recommendations of the 9/11 Commission that have not been put in place — better baggage and cargo screening, stronger measures against nuclear proliferation — could be enacted. Financing for the war in Afghanistan could be increased to beat back the Taliban’s recent gains, and a peacekeeping force could put a stop to the genocide in Darfur."
It seems that G.W. has his mind set on spending $700 billion on something whether it was the War or bailing out his friends at Bear, Stearns & Co and others like them.
The bottomline is, we would not be in this horrible economic situation if not for G.W.'s thirst for war, his lack of actual governing by regulating financial firms, and finally, just other general tomfoolery, carelessness, and ignorance demonstrated by him and his administration!
Labels: $1 Trillion, Bail Out, Economy, G.W., George Bush, Impeach Bush
1 Comment:
-
- Anonymous said...
September 30, 2008 at 11:38 AMWhoa!
