There has been a lot of money thrown about lately.
A few billion here, a few billion there. The bailout (TARP) is $700 billion. The budget deficit is predicted to be over 1 Trillion come September 2009.
I think we have lost our sense of scale with such large numbers being bandied about. On the radio this morning someone had called in and presented a good way to get a sense of scale: time.
How much is one million seconds?
One million seconds comes to about 11.6 days.
How much is a billion?
One billion seconds comes to just short of 33 years.
A Trillion seconds? That comes to 31,709 years, 288 days, 8 hours, and 24 minutes. Think of all that has happened in 32,000 years - mankind emerged from the shadows of the stoneage, learned to write, how to refine metal, and eventually made his way to the Moon and back several times.
A trillion dollars? Based on GDP
, we could buy the entire country of Mexico and have money left over. We could buy Sweden twice and Venezuela FOUR TIMES OVER! Heck, for a paltry 381.7 billion, we could solve the oil problem by buying all of Saudi Arabia!!
Folks... we, the USA, are out of cash. Stimulus? New entitlements? Universal healthcare? Yeah right. Where is the money going to come from?