A couple of figures to think about
3 posters
Page 1 of 1
A couple of figures to think about
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.
Cato
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.
Cato
Cato- Number of posts : 2010
Location : Behind my desk
Registration date : 2007-12-28
Re: A couple of figures to think about
Our currency has become monopoly money to our leaders.
Aaron- Number of posts : 9841
Age : 58
Location : Putnam County for now
Registration date : 2007-12-28
Re: A couple of figures to think about
It now is Monopoly money. It isn't just our leaders who think that. Prepare for inflation, perhaps hyperinflation.
Re: A couple of figures to think about
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.
I'm actually going to look for some books on monetary policy tonight. Any suggestions.
Aaron- Number of posts : 9841
Age : 58
Location : Putnam County for now
Registration date : 2007-12-28
Re: A couple of figures to think about
http://mises.org/media.aspx?action=category&ID=85
There are free ebooks there. Good stuff, free! I love that website.
There are free ebooks there. Good stuff, free! I love that website.
Similar topics
» Figures don't lie--liars figure!
» A Felon isa gonna convict a couple Felons
» A couple of notable quotes I thot I'd shar wit yu.
» Muslims kill Buddhist couple, children in Thailand
» A Felon isa gonna convict a couple Felons
» A couple of notable quotes I thot I'd shar wit yu.
» Muslims kill Buddhist couple, children in Thailand
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum