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700 billion in perspective

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  • 700 billion in perspective

    From NBC's Domenico Montanaro
    Just how big is the proposed Wall Street bailout? Let's look at how it compares to some other numbers...

    -- $700 billion: proposed Wall St. bailout
    -- $695.4 billion: GDP of Taiwan. If the bailout were a country it would be the 21st largest GDP, larger than most nations.
    -- $653 billion: cost of Iraq war (so far)
    -- $515.4 billion: proposed 2009 Pentagon budget
    -- $315 billion: McCain's nuclear energy plan
    -- $295 billion: amount Pentagon overspent original budgets by.
    -- $150 billion: Obama's energy plan
    -- $50-$65 billion: Obama's health care plan, per year
    -- $59.2 billion: proposed 2009 U.S. education budget
    -- $10 billion: McCain health care proposals, per year
    -- $38 million: Hank Paulson's post-2004 salary as Chairman, CEO of Goldman Sachs
    -- 16.1 million: number of median Ohio household incomes ($43,371 as of 2004) that would add up to the bailout -- or about THREE Ohios.
    ~Mom of 5, married to an ID doc
    ~A Rolling Stone Gathers No Moss

  • #2
    Re: 700 billion in perspective

    Our psychiatrist and I figured out it would take one person paying a dollar a second 3701 YEARS to pay that back.

    Jenn

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    • #3
      Re: 700 billion in perspective

      We've reached a point where money is just numbers.

      And, that's a BIG problem.
      Who uses a machete to cut through red tape
      With fingernails that shine like justice
      And a voice that is dark like tinted glass

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      • #4
        Re: 700 billion in perspective

        700 billion of our money with no strings attached??????? What you can do about it!

        http://sanders.senate.gov/petitions/?pe ... l_Crisis_1
        Luanne
        wife, mother, nurse practitioner

        "You have not converted a man because you have silenced him." (John, Viscount Morely, On Compromise, 1874)

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