A Mathmatical Lesson – US Economics In Perspective

I watched this video, where a statement was made that took me by surprise.  They stated that if a person spent a million dollars a day, since the day Jesus was born (year zero), that it would take until now to reach what Congress has spent in the last few months on the various bailout packages.

This seemed so outlandish that I broke out the calculator and as it turns out, that wasn’t entirely true.  It would actually take until the year 2192, spending a million dollars a day, to reach the 800 billion dollars that have been spent on bailouts in the last few months.  So, it was off by a couple hundred years.  By now, you would have only spent about 766 billion dollars!

$1,000,000 x 365 x 2192 =$800,080,000,000.00

I couldn’t resist taking that one step further by using the same exercise to find out how long it would take, spending a million dollars a day since year zero, to equal the current US national debt of 10.8 trillion dollars.  I was almost afraid to figure it out and when I started having to go into year 10,000 plus, I really started to get alarmed.

It would take spending a MILLION dollars a DAY for twenty nine thousand six hundred YEARS to spend the 10.8 trillion dollars that is the US national debt.  And even that doesn’t quite get us to where it’s at today…rounding off didn’t really make that big a difference from my perspective.

$1,000,000 x 365 x 29600 = $10,804,000,000,000

If that doesn’t put our current situation into perspective for you, I don’t know what will.  I think it’s time for me to write a letter to Congress.  If this at all concerns you, I would adivse you to do the same.

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