Posts tagged as ' deficit ' ...
A trillion dollars is a lot of money. But it’s not enough to get to the moon. That would take four trillion dollars. If you had four trillion one dollar bills lined up end-to-end, it could extend from the Earth all the way to the Moon. That’s a lot of money!
There was projected to be a 5.6 trillion dollar surplus at the end of the Bush presidency. But now there’s a 1.2 trillion dollar deficit. Where did those 6.8 trillion dollars go? The Republicans aren’t saying, but they do want it to be known that they will oppose any Democratic plans to do anything with money. Hopefully about 500 billion gets targeted towards recovering the GOP’s ill spent wealth that was borrowed from future generations.
If I had 6 trillion dollars, I’d invest it. At 2% yearly interest rates, that’s $50 per man, woman and child in the US. And if it was possible to get 10% interest, that would be $250 each. And by the way, that’s also leaving the 6 trillion dollars untouched. Harvard University seems to have done exactly that, so now they can offer about half of the students scholarships.