Just Asking

Saturday, March 07, 2009

How Much is a Trillion Dollars?

There just over 100 million households in America.

A billion dollar government program costs about $10 per household.

A trillion dollar bailout package costs about $10,000 per household.

The nominal national debt, about $10 trillion and climbing fast, amounts to $100,000 per household.

So when a young person gets a college degree and gets a good job that pays an average income, they begin paying on this $100,000 loan through their taxes (on top of their college debt and their own retirement savings and social security). No wonder they have a hard time saving money for other things.

1 Comments:

At 2:54 PM, Blogger asterisk said...

A formal manipulator in mathematics often experiences the discomforting feeling that his pencil surpasses him in intelligence.

Howard Eves

 

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