So how much is $700 billion dollars?
Some of this information has been going around in e-mail forwards:
- A billion seconds ago it was 1959.
- A billion minutes ago Jesus was alive.
- A billion hours ago our ancestors were living in the Stone Age.
- $700 billion is equal to about 12 Bill Gateses
- I could buy 231 million pairs of $30 shoes with $700 billion. Is there a closet in the world big enough for that?
- James Cameron would have to make 381 Titanic-sized blockbuster movies
- According to the Centers for Disease Control, the single-year cost of obesity in the United States was $117 billion in 2000, or about one-sixth the bailout
- Florida’s gross domestic product could cover the cost of the bailout
- We could invade the Netherlands—their GDP last year was $768 billion
- Since 2003, Congress has spent about $600 billion on the war in Iraq
- For historical perspective, consider that the Marshall Plan, which helped finance the recovery of Western Europe after World War II. Back then it cost us $13 billion. Considering the American GDP then and now, what we would pay for that today would be more like $740 billion.
- If nothing is done to change the way we finance Social Security, the trust fund reserves will be exhausted in 33 years. This means that, in 75 years, there'll be a shortfall of $4.3 trillion—or about six bailouts.
- Global climate change could cost the planet $9 trillion (or 12.86 bailouts) if we don't address the problem within the next decade or so.
- The bailout is roughly equal to $2,300 per person in the United States. That’s the average price we each paid for gas and oil in 2006 and a bit less than our average personal tax burden.
- Should Congress pass the bailout proposal, the national debt will raise by 7%.
So how much is $700 billion? Quite a lot and really not that much either. I’m not saying anything political here. Just thought the perspective was interesting.
Much of this info was taken from this article.