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