Saturday, November 8, 2008

What Cost a Billion 11/08/08


What Cost a Billion 11/08/08

700 Billion Dollars !. . Hmmm . . Seven hundred billion dollars! That’s the bail-out package. Just how much is 700 Hundred Billion? Well I recall, that at the time of Hurricane Katrina some number like 20 or 30 billion was offered by the president to pick up the pieces. Twenty billion to save a whole city! Well I might be off, but somehow that was the number I recall. I think that was also the number put forth to help out after 9/11. That’s a city and world history level terrorist event; 20 billion! Wasn’t 30 billion the number for the Iraq war? No maybe that was 300 Hundred Billion . . I think! Well even that represents a figure for a several year long war on the other side of the planet! But this in essence isn’t very tangible like those events have been. Seven Hundred Billion Dollars! I think the only number that comes to mind that tops that is the several TRILLION dollars of the US debt. But then that’s a number for the entire US economy, which only exceeds the 700 billion by a factor of 5 or 6. Seven Hundred Billion Dollars; I just can’t get over the enormity of that number. How in the world did an industry get to the point that the only thing that will help is a dollar amount of 700 Hundred Billion Dollars! Gosh, what is the combined wealth of the oil companies of our nation, I wonder? Seven Hundred Billion Dollars for what . . . “A PAPER CHASE!!” . . . Wouldn’t a cool 10 million, 100 million, 500 million, 1 billion .. even 10 billion help? No they need SEVEN HUNDRED ((( B ))) ILLION dollars to help them .. . . and IMMEDIATELY! . . . Wow!

I was listening to a local radio station, and several callers to the program brought up another plan. Though their math was off, they suggested giving that sum of money divided up to every tax paying person in our nation. My math says that would be roughly 700 billion divided up by 100 million or approximately $7000 each. Seven thousand dollars each to one hundred million people; that alone gives a sense of just how much money that is! Even to calculate that number I had to use the exponential key on my calculator; something I thought I had forgotten how to use. Wow . . Seven Hundred Billion Dollars . . That number speaks for itself!