Banking Bailout - How much is $700,000,000,000

Big numbers are hard for people to process. 700 billion can start to sound like 300 billion, or 900 million for that matter. It becomes like sand grains or moon strands, magically big, past the point of counting; an amount you sit with a nephew and contemplate in wonder.

- It is one third of the total amount of money received by the federal government in 2007, including social security, income tax, corporate tax, and all other receipts.

- It is nine times the amount spent on education in 2007.

- It is 35 times the amount spent on all foreign aid in most years.

- It is $140 billion more than has been spent on the Iraq war since the invasion.

- It is $120 billion more than that spent on social security benefits.

- It is 7,000 times bigger than the Sierra club’s yearly budget.

- Its over twice the amount of all money given to all charitable organizations in the United States in any given year.

- It is more than $100 for every person in the world.



Ohhh, and don’t forget where this money is coming from. We are either borrowing it from other countries through government bonds (China is stockpiling these bonds) or we are just printing money, which will lead to inflation.

Comments

Anonymous said…
$1,000,000 If we pay off the new national debt this much every day, then
$100,000,000 8 months to pay off this or
$1,000,000,000 2.7 years to pay off this or
$100,000,000,000 273 years to pay off this
$700,000,000,000 1917 years to pay off
10:35 PM
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