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What Is A Trillion Dollars?

Written by | June 15th, 2009

I realize that a lot of people in our country (today) are freaked out and confused by this ridiculous, and unprecedented spending in Washington D.C as of late. If you are, it is OK, you are not alone…I am also very concerned, and a bit freaked out by it as well; especially with reputable economists talking about the very good possibilities of hyper-inflation, soring interest rates, and ultimately the devaluing of United States currency.

For anyone that has not really given this kind of spending, any real serious thought, I would like you to please consider a few things…

The Iraq war costs approximately 10 billion dollars a month…while that alone is an enormous amount of (tax payer) spending,  the federal government, on February 17, 2009, signed into law, The American Recovery and Reinvestment Act of 2009, which conveniently started out being sold as The Stimulus Bill. That one bill was for the monumental amount of 787 billion dollars…

According to my calculations, that would be 78 months of funding for The Iraq War; which amounts to 6.5 years, and roughly the cost of the entire war thus far. So, was that bill (monetarily) a bit unprecedented? Let’s not leave out the interest… it is estimated that the total cost, with interest, is approximately 1.4 trillion dollars…

Estimates say, that amounts to $30,000 per household…Can anyone think of a few other ways that our federal government (or we the tax payers) could have utilized that money?

Well, China holds approximately 763 billion dollars of United States Treasury Securities; which in short, is our government’s debt to foreign countries. Perhaps paying off our debt to China, “may” have been “one” of the several prudent things that the federal government could have done. 

Now, for a moment, let’s stop and ponder what a trillion dollars really is…

• If you had one thousand dollars ($1,000), 1,000 times over, you would then have one million dollars ($1,000,000)

• If you had one million dollars ($1,000,000), 1,000 times over, you would then have one billion dollars ($1,000,000,000)

• If you had one billion dollars ($1,000,000,000), 1,000 times over, you would then have one trillion dollars ($1,000,000,000,000)

Is there anybody out there that can imagine having one trillion dollars? 
For a moment, please just stop and ponder having 1,000 stacks of one billion dollars; or being a millionaire, one million times over. 
To continue this illustration, how many trillionaires do you think there are in the world?
The answer is zero!  Bill Gates, at approximately 40 billion dollars, is currently the richest man in the world; which means that The Stimulus Bill that Congress passed, is approximately 20 times larger then Bill Gates’ total wealth. 
One trillion dollars is larger then the entire economy, in one year, for each country in the world, minus ten to fifteen of the larger countries.  
Now, let’s also  keep in mind, The Stimulus Bill is only one example of our government’s spending; this does not include other bills, budgets, proposed budgets, the cost of two wars, and potentially the cost of an unprecedented national health care plan on the horizon. 
Everyone can decide for themselves, but from my point of view, one trillion dollars is a whole lot of money.
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