1 trillion dollars in context

Discussion in 'Economics' started by dividend, Feb 7, 2009.

  1. I thought this was interesting...

    "To put a trillion dollars in context, if you spend a million dollars every day since Jesus was born, you still wouldn't have spent a trillion," McConnell said.

    "A million seconds is about 11½ days. A billion seconds is about 32 years, and a trillion seconds is 32,000 years," Paulos said.

  2. US Taxpayers Risk $9.7 Trillion on Bailout Programs
    9 (Bloomberg) -- The stimulus package the US Congress is completing would raise the government’s commitment to solving the financial crisis to $9.7 trillion.
  3. welcome to a new era where a trillion has become the new billion.

    i will not be surprised in the next 5-10 years to see more "billionaires"

    in 20 years we will see the first trillionaire

    of course by then a loaf of wheat bread will cost $200.
  4. The $ amount for each tax bracket will not change to reflect inflation, and the minimum wage, also not adjusted for inflation, will be half what it is today. People will look back on the "good old days," when households only needed two incomes to pay the rent.

  5. add the 5 Trillion spent on war and Bush bailout and the US taxpayer is in debt for over $15 Trillion

    That's 15,000,000,000,000 divided by approximate number of legal tax payers 150,000,000

    15,000,000,000,000.00 / 150,000,000 = 100,000 per legal tax payer

    There is a method to the madness. It appears a couple of guys pulled this number out thin air and then started the politics to get it done. This is easily paid off within 2 generation without killing the taxpaying goose.

    Think of it as a extra mortgage for every taxpayer spread out over the lifetime of a father and his son. If some of the masses wise up and get too restive, Cheney is always there to drop a nuclear bomb or two to help bring about full martial law. It's easy to intern half the population when the other half still prays bush/cheney comes back into power.