I'm sure you have seen the comparison below before, but I figured with the next Bailout (sorry we are supposed to call it a RESCUE) being approved today, 17 Billion for starters, it deserves another look. I'm not ready to calculate Trillion. Please forgive us Great,Great Grand Children.
You are paying interest on every dollar that your government borrows from the Federal Reserve Bank. The bank that is not federal and has no reserves.
A Billion is a difficult number to comprehend. The next time you hear a Politician use the word "Billion," casually --- think about whether or not you want the politician spending your tax money.
A Billion is a difficult number to comprehend, but one advertising agency did a good job of putting that figure into perspective in one of its releases.
A Billion Seconds ago -- it was 1976.
A Billion Minutes ago -- Jesus was alive.
A Billion Hours ago -- our ancestors were living in the Stone Age.
A Billion Days ago -- No-One walked on two feet on earth.
A Billion Dollars ago -- was only 8 hours and 20 minutes, at the rate our government spends it.
If you could travel back in time to the birth of Christ, the beginning of the Gregorian calendar, and could set aside $1,350,000 ($1.35 million) every day of every week, every day of every month, and every day of every year right up to today - you still wouldn't have enough to pay off the over two trillion dollars George W. Bush has increased the national debt since he took office.
Sorry George, your not the only one to blame.
Ford (First-on-rescue-day) Not taking any Rescue at this time.
2 comments:
That is a good comparison. A billion certainly is hard to comprehend and politicians use the term loosely.
It's a sad state of affairs that our children n grand children will be saddled with this un-comprehensive amount of debt. Your comparison was well put.
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