2.04.2009

Is trillion the new billion?



Numb and numb-er: Is trillion the new billion?

Excerpt:

To provide some perspective on just how big a trillion dollars is, think about it like this: A trillion dollars is the number 1 followed by 12 zeroes. Or you can think of it this way: One trillion $1 bills stacked one on top of the other would reach nearly 68,000 miles (about 109,400 kilometers) into the sky, or about a third of the way from the Earth to the moon.

Some Republicans are hardly over the moon about the growing size of the proposed economic stimulus plan. Senate Republican leader Mitch McConnell said this week that Americans have become desensitized to just how much money that is.

"To put a trillion dollars in context, if you spend a million dollars every day since Jesus was born, you still wouldn't have spent a trillion," McConnell said.

CNN checked McConnell's numbers with noted Temple University math professor and author John Allen Paulos.

"A million dollars a day for 2,000 years is only three-quarters of a trillion dollars. It's a big number no matter how you slice it," Paulos said.


Comment: Another helpful site: What’s a billion?. This one if for the kids (Aren't we all): A billion pennies (trillion pennies image captured from this site.

Now go to Ebay and look up Zimbabwe banknotes.

Buy some for your kids .... explain to them hyperinflation. And say "get ready for it"

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