Just when you think a trillion was a lot of money we are crossing the threshold of a whole new axiom.
by John Young
As a scientist and engineer, I’m one of a relatively small percentage of the population that regularly works with numbers of this magnitude. When I heard that the Obama administration’s latest budgets could leave us indebted to the tune of 1.25 QUADRILLION dollars, I knew two things. First, I knew this was very very very bad news. Second, I knew that the number was so incomprehensible as to be practically unreal to most folks.
I’d like to make this number somewhat comprehensible in concrete terms.
Across the country, given the so-called “housing crisis,” the average price of a single family home is $204,000. Obviously, it is more in some places and less in others; but that’s the average. There are currently 6.7 billion people on the planet if you count even newborn babies. 1.25 quadrillion dollars is enough to give every single person, including the infants, their…
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