How much is that anyway? The new government bailout plan that is being considered could come at a cost of $700 billion.
Using numbers from the US Census Bureau, $700 billion is about equal to:
- About $2,300 per American
- About $6,000 per U.S. household
- About 85 percent of the New York State economy
- The combined economies of all U.S. states beginning with the letter “A”: Alabama, Alaska, Arizona, and Arkansas; plus Oklahoma.
The tally for all the various rescue measures launched by U.S. authorities this year runs to about $1.8 trillion. The $1.8 trillion is equal to:
- About $6,000 per American
- About $15,500 per U.S. household
When I was a teacher, I had a fun assignment for the kids to get their creative juices flowing, I had them write out what they would buy if they had to spend an outrageous amount of money. At that time we used the amount that Bill Gates was worth, and the kids had a great time investigating how much a jet costs, and how many mansions they could buy. It really makes me wonder what they would buy with $700 billion, and if this government program is really worth it. I would really just rather that they send each household a check for $15,000.