Bailout Politics: Count McCain In

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Visualize 700 Billion

The United States Government is capitalizing on a comprehensional failure of the human mind – the inability to fully grasp the magnitude of large numbers. Upon hearing numbers beyond a few thousand our brains interpret it as, “Wow, that’s a big number!” with no tangible image to relay exactly how big. So, let’s start with a One Dollar Bill. We can understand $1.00, right?

According to the United States treasury, a One Dollar Bill has a thickness of 0.0043 inches. One thousand One Dollar Bills would be one thousand times thicker -- 4.3 inches.

One million is one thousand thousands, so the thickness of $1,000,000 is 4300 inches. Converting to feet and this becomes 358.3 feet, an American football field.

One billion -- $1,000,000,000 is one thousand times thicker still or 358,333.3 feet. This is 67.866 miles, the driving distance from New York City to Milford CT.

One Trillion is one thousand billions – one trillion One Dollar Bills stacked one on top of another is 67,866 miles. This would circumnavigate the globe 2.73 times.

The proposed 700 Billion Dollar bailout alone would be a stack of One Dollar Bills stretching 47,506.2 miles, or 1.90 times around the globe.

A stack of One Dollar Bills totaling the current national debt cap of 10.6 trillion dollars would go around the equator 28.93 times. The proposed cap of 11.3 trillion dollars would go around 30.85 times.

Is creating a debt that is the equivalent of a stack of One Dollar Bills rounding planet 31 times a responsible act?

JP of GA @ Sep 21, 2008 23:20:06 PM

Poor Mr. McCain has to walk a fine line between his shopkeeper constituency and his rich backers. The first want the market to sort it out even if it ruins them along with the borrower cheats who live on their block. The second want to prevent a steep recession even if it means rewarding the cheats, because they don't know who they are anyway. It sounds as if the second group are getting the upper hand.

NRK of VA @ Mar 26, 2008 13:34:57 PM

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Capital Commerce

Capital Commerce

U.S. News business reporter Matthew Bandyk examines the issues, people, and debates that shape the nexus of political and economic life in the nation's capital.

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