Sunday, February 8, 2009

Spending $1 trillion 'hard to fathom' for some lawmakers

From Daytondailynews.com

On Thursday, Feb. 5, he tried to calculate what $1 trillion could buy: Health care for everybody in the United States without health care for six and a half years. It would buy four-year scholarships for 38 million students. It could build 7.7 million housing units. It could rebuild every school in the country four times over.

He admitted those estimates were rough: The calculator he was using didn't go up to 1 trillion.

"It's a lot of money," he said.

To give that number some more context, consider this: According to Amanda King, a graduate student at the statistical consulting center at Wright State University, a stack of $1,000 bills adding up to $1 trillion would be 67.9 miles high. A stack of $1,000 bills adding up to $1 billion, meanwhile, would only be 358 feet high.

The number freaks out lawmakers who worry not just about the nearly $1 trillion stimulus bill, but about the $1 trillion deficit. And don't even get them started on the debt.

"We're in uncharted waters right now," said U.S. Rep. Steve Austria, R-Beavercreek.

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