Subscribe to RSS
How Much is $800 Billion?
With a single vote, Congress votes to spend $800 billion to resurrect our economy. This comes on the heels of the $600 billion bailout a few months ago. Since the financial meltdown of October, we have heard a lot of dollar figures tossed around. In fact, they’ve been tossed around to the point that we’ve become desensitized to the staggering magnitude of these price tags.
$800,000,000,000. Ponder that number for a minute. I’ve gone to the trouble to put that figure in terms we can understand. While you’re reading the list below, ask yourself two questions. What are they going to do with this much money? And how are we going to pay this all back?
$800,000,000,000 is…
Enough to give every single person in the United State $2,600.
Enough to buy 2,563,379 brand-new 2009 Ferrari 612 Scagliettis at $312,088 each.
Enough to buy Mariah Carey’s $17 million mansion in the Hamptons 47,058 times.
Enough to feed every household in America for a year and still have $130 billion to spare.
Enough to buy a Nintendo Wii for two-thirds of the world’s population.
Enough to buy 470 space shuttles.
Enough to launch the space shuttle 1,778 times.
Enough to build 2,666 Trump World Towers.
Enough to buy over 224 billion Big Macs, 33 for each person on the planet.
Equivalent to the average American household salary times 14,545,454.
That’s just the $800 billion stimulus (I guess bailout has taken on a negative tone). What happened to the $600-billion bailout that was gone in the blink of an eye a few months ago? The implications of these questions should scare the American public silly. We are getting ourselves into a hole to get us out of a hole. All we’ll be left with is a very, very deep hole.
Debt Consolidation – Don’t choose bankruptcy as an only solution to remove debt, consolidate your bills and save monthly.
Online Accountant – Outsource Bookkeeping Services at 30-50% LESS. Risk Free- 100% Satisfaction Guaranteed! Online Bookkeeper – full or part time.
State, Federal & OSHA Labor Law Compliance Poster Service, including minimum wage, EEOC, FMLA, USERRA, and other mandatory postings. All in one, updated, complete, and laminated. Labor Law Poster Service for State, Federal & OSHA Compliance.
Equifax Credit Reports – Debt Help – Manage your personal Equifax credit report. Complete credit & debt management information center – including indepth tips, articles, tools, and the ability to order your online credit report.
Tax Help Find effective tax help from the professionals at Guardian Tax Resolutions.
2 Comments
i want the feds to go after the bank officers responsible for throwing away our money. I hope these guys go to prison, and don’t sail off on their golden parachutes to their beach houses.
GDP is approximately 14 trillion dollars. That’s about 20 times 800 billion dollars.
Most mortgages, which have higher interest rate than the Federal debt has, are (well, prior to the bankers just giving them away because they didn’t have to worry about repayment and they still got their 20k commission for selling one) equivalent to one or two year’s income for the person. No one complains about that.
800 billion seems like a lot, but it isn’t when compared to our economic base.