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A couple of figures to think about

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Post by Cato Tue Feb 10, 2009 1:53 pm

Do you have any idea how many years it would take to pay for the Stimulus Bill if it were paid at the rate of $1,000,000 a day.

To give you some idea of the amount of time required, consider this, if we were to pay it off today, we would have had to have started;

... based on the present bill being around 750 billion dollars. We would have had to have begin paying it off when the Roman Empire was at its peak and Julious Caeser was Emperor. We would have had to start then because it would take 2,055 years.

Now do you have any idea the amount of time required to pay the National Debt of at the rate of $1,000,000 a day.

Based on 10.6 trillion dollars of debt, Washington, DC would have been under a mile of ice. We would have had to begin before the end of the last last Ice Age. The last interglacial period ended approximatley 18,000 years ago. To pay off the National Debt at the rate of one million dollars a day, it would take 29,041 years.

Now let's talk about one million dollars for a moment.

1. It would take 33.3 years to earn that money based on $30,000 per year.

2. Would be 96.28 miles in length if each dollar was laid end to end.

3. Is the usual lifetime benefit for Health Insurance coverage.

Just a little food for thought.

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Post by Aaron Tue Feb 10, 2009 3:59 pm

Our currency has become monopoly money to our leaders.
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Post by Stephanie Tue Feb 10, 2009 4:35 pm

It now is Monopoly money. It isn't just our leaders who think that. Prepare for inflation, perhaps hyperinflation.
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Post by Aaron Tue Feb 10, 2009 5:13 pm

I had that exact same conversation yesterday. I told a guy that it wouldn't do any good to make 2 grand a week if it cost you half of that just to go to the grocery store.

I'm actually going to look for some books on monetary policy tonight. Any suggestions.
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Post by Stephanie Tue Feb 10, 2009 6:02 pm

http://mises.org/media.aspx?action=category&ID=85

There are free ebooks there. Good stuff, free! I love that website.
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