Wednesday, February 18, 2009

A few numbers!


On Tuesday, President Barack Obama signed the $787 billion stimulus package into law Tuesday and readied a new $50 billion foreclosure rescue. That totals $837 billion. Let’s put the zeroes in for fun:

$837,000,000,000

I don’t really comprehend an amount that high, so I ran some numbers.

According to the Census website, the estimated US population in 2006 was 299,398,484 people. Sixty-three percent were between the ages of 19 and 64. There were 105,480,101 households in the year 2000.

So these stimulus and foreclosure packages work out to:

$2,795.61 per person in the United States
$4,437.47 per person between the ages of 19 and 64 in the United States
$7,935.15 per household in the United States

If you spent one million dollars a year since Christ’s birth, you would have only spent $2,009,000,000 (that’s two billion). To reach the stimulus amount, you would have had to spend $416,625,187 a year. $416 million. A year.

If you wanted to buy shiny Volvos so you could be a stupid shiny Volvo owner (Twilight Reference, not an insult) you could buy 25,518,291 of them (or maybe a few less if you wanted all the options). 25 million of them. Wow, you would have a lot of friends.

If you had $837 billion in your pocket, you could win the Power Ball lottery 4286 times (but I bet if you had $837 billion in your pocket, you wouldn’t be playing the Power Ball lottery).

If you owned Foxwoods Resort and Casino, it would take you 348 years to make that much in revenue (based on this report).

If you made $100,000/year, it would take you 8 million 370 thousand years to make that much.

That’s pretty interesting, no?

2 comments:

Annette Lyon said...

My brain is spinning. Can't grasp those numbers!

(Thanks so much for stopping by! Woot! at being a Top Recommendation!)

Laura Moffitt said...

That is really interesting and also makes me sick to my stomach!! That is so much money and from the talks and the people righting the bill it was 'fattened' up for personal agendas. A huge committee of regular economist should have written this bill.