Sunday, September 21, 2008

We'll Take Care of Everything


The Fed chairman, Bernanke, just let the taxpayers in on just how much this nationalization of Wall Street is going to cost us. It looks like it will come to a whopping one trillion dollars. Let's put this seemingly benign number in perspective.

Iraq war = $ 580 billion

The entire expenditure of NASA over the last 40 years has been approx. $ 600 billion

With a population of approximately 300 million people, you could give away your $ 1 trillion by giving every man, woman and child in the U.S. $ 3,400 each.

Let's say your working life is 40 years (from age 25 to age 65) and you work 40 hours a day, 52 weeks a year (you're a workaholic and don't take any vacations). If you earned $ 1 trillion during your working life, then you got paid $ 200,000 per minute.

Thanks to The Galloping Beaver for these fun (read depressing) statistics.

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