$3Trillion Budget - $400B Deficits for next few years - No KY!! - Page 3 - Mercedes-Benz Forum

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post #21 of 24 (permalink) Old 02-05-2008, 09:37 AM
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What's in a trillion? A look at the number in Bush's $3 trillion budget

What's in a trillion? A look at the number in Bush's $3 trillion budget

WASHINGTON - A person given $1 million a year to spend would need three million years to blow $3 trillion. The United States, a government of sizable financial appetite, can do it in one.
Three trillion dollars is about what the U.S. federal government will spend this year for domestic and defence programs and benefit entitlements like Social Security and Medicare, according to President George W. Bush's latest federal budget proposal Monday.

A trillion is a figure more commonly used when talking about outer space. A light year, the distance that light travels in a vacuum in a year, is about 9.6 trillion kilometres.

Written out, a trillion is a one followed by 12 zeros, or 1,000,000,000,000. That's a million times one million, or a thousand times one billion.

There are about 6.8 billion people in the world, meaning that every living person would get $441 if the U.S. government's budget was divided up. If the money was split among the 300 million Americans, everyone would take home $10,000.

Counting to three trillion at a rate of one number a second would take almost 95,000 years.

Looking at it another way, one would have to circumvent the globe 120 million times to travel 3 trillion miles - or 4.8 trillion kilometres. Similarly, that would be some 17,000 round trips to the sun. The universe, 15 billion years old at the outside, would need another 200 such lifetimes to reach three trillion years.

What's in a trillion? A look at the number in Bush's $3 trillion budget
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post #22 of 24 (permalink) Old 02-05-2008, 11:23 AM Thread Starter
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Originally Posted by Jakarta Expat View Post
What's in a trillion? A look at the number in Bush's $3 trillion budget

WASHINGTON - A person given $1 million a year to spend would need three million years to blow $3 trillion. The United States, a government of sizable financial appetite, can do it in one.
Three trillion dollars is about what the U.S. federal government will spend this year for domestic and defence programs and benefit entitlements like Social Security and Medicare, according to President George W. Bush's latest federal budget proposal Monday.

A trillion is a figure more commonly used when talking about outer space. A light year, the distance that light travels in a vacuum in a year, is about 9.6 trillion kilometres.

Written out, a trillion is a one followed by 12 zeros, or 1,000,000,000,000. That's a million times one million, or a thousand times one billion.

There are about 6.8 billion people in the world, meaning that every living person would get $441 if the U.S. government's budget was divided up. If the money was split among the 300 million Americans, everyone would take home $10,000.

Counting to three trillion at a rate of one number a second would take almost 95,000 years.

Looking at it another way, one would have to circumvent the globe 120 million times to travel 3 trillion miles - or 4.8 trillion kilometres. Similarly, that would be some 17,000 round trips to the sun. The universe, 15 billion years old at the outside, would need another 200 such lifetimes to reach three trillion years.

What's in a trillion? A look at the number in Bush's $3 trillion budget
"If the money was split among the 300 million Americans, everyone would take home $10,000."

Or put another way, each and every American, whether 1 Day old or 100 years old is responsible for $10,000. And $2,500 of that is INTEREST on the Reagan/Bush/Bushie Charge card.

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Being smart is knowing the difference, in a sticky situation between a well delivered anecdote and a well delivered antidote - bear.

Last edited by mcbear; 02-05-2008 at 11:28 AM.
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post #23 of 24 (permalink) Old 02-10-2008, 12:55 AM
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The U.S. appears to be incapable of restraining its runaway spending without outside intervention. In prior decades, the IMF and the World Bank imposed external strictures on countries that didn't appear to have any sense of impulse control. It will soon be the U.S.'s turn to join the banana republics and third-world potentates in need of parental guidance. It is now amply clear that we won't do it voluntarily. Alan Greenspan thought he had a deal with the President to balance the budget in exchange for rate cuts. No current or future Chairman can pretend to such delusions.
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post #24 of 24 (permalink) Old 02-10-2008, 12:59 AM
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The U.S. appears to be incapable of restraining its runaway spending without outside intervention. In prior decades, the IMF and the World Bank imposed external strictures on countries that didn't appear to have any sense of impulse control. It will soon be the U.S.'s turn to join the banana republics and third-world potentates in need of parental guidance. It is now amply clear that we won't do it voluntarily. Alan Greenspan thought he had a deal with the President to balance the budget in exchange for rate cuts. No current or future Chairman can pretend to such delusions.

So eaxctly what do you think Bernanke is loading up his bong with, it can't be the normal home grown, he must have gotten some real thai stick laced with something?
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