Friday, October 17, 2008

How Much Is $700 Billion?

$700,000,000,000.

It's a big number, but everyone was so concerned with who was supporting or opposing it, and panicking about potential bank failures (that and we're used to large sums of money being thrown around by the government) that no one stopped to ask how big it was. I decided to ask Google, and ran across an article that broke things down:
It is one third of the total amount of money received by the federal government in 2007, including social security, income tax, corporate tax, and all other receipts.

It is $140 billion more than has been spent on the Iraq war since the invasion.

It is $120 billion more than that spent on social security benefits.

It is almost 3 billion nonrefundable bus fares from Durham to San Francisco, leaving tomorrow.

It is nine times the amount spent on education in 2007.

It could pay for 2,000 McDonald's apple pies for every single American.

It is 35 times the amount spent on all foreign aid in most years.

It is more zeros than the calculator that comes with my computer allows.

It is 7,000 times bigger than the Sierra club’s yearly budget.

According to some estimates, it is three times what it would cost, over 10 years, to reduce oil dependency by 20%.

Its over twice the amount of all money given to all charitable organizations in the United States in any given year.

It is more than $100 for every person in the world.

I did some calculating myself, to add to those numbers. $700 billion is approximately 1/14th of the national debt.

If I started giving you $100 every second, it would take you about 222 years to accumulate $700 billion. (31,556,926 seconds in a year times $100, then divide $700 billion by that number.)

It is 4,666 times larger than an estimated total of all the websites on the internet.

It takes ten million $100 dollar bills just to reach a billion, so it would take 7,000,000,000 $100 dollar bills, which would weigh about 6800 TONS.

If you spent a million dollars a day, it would take you 1,917 years to spend $700 billion.

You would have to have 661 MILES of hundred dollar bills stacked up to get $700 billion. (Based on calculations about Bill Gates' 20 billion here.)


Your federal government hard at play with your hard-earned money.

Aww, why so sad?

**Update 10/28/08**
The Washington Post has a nice breakdown of the allocation

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