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The Bailout Breakdown - only $7.244 trillion dollars

Posted: Tue Apr 14, 2009 4:16 am
by Apoptosis
Hey guys guess what.... the real cost of the bailout so far is only $7.244 trillion dollars :shock:

http://www.msnbc.msn.com/id/29964171

Re: The Bailout Breakdown - only $7.244 trillion dollars

Posted: Tue Apr 14, 2009 6:42 am
by vicaphit
Wow, I don't think that kind of money even exists. Why are we spending money that we cannot back up with the gold reserves?

Re: The Bailout Breakdown - only $7.244 trillion dollars

Posted: Tue Apr 14, 2009 6:47 am
by Sporg
Well that's a relief. If it had been 8 then they would have gone too far. It's good to see our government show some restraint and spend money (that we don't have) responsibly. :toimonster: :vom:

Guess I had better start learning some Mandarin...

Re: The Bailout Breakdown - only $7.244 trillion dollars

Posted: Tue Apr 14, 2009 7:22 am
by bubba
Sporg wrote:Guess I had better start learning some Mandarin...
I picked up a head set and Rosetta Stone to learn Spanish to get through automated phone systems faster and use the "special" line at the bank, guess I could pick that up as well ](*,)

Re: The Bailout Breakdown - only $7.244 trillion dollars

Posted: Tue Apr 14, 2009 1:29 pm
by martini161
if you need anyhelp bubba im a native speaker :D (though i havent 98spken it in a long time)

Re: The Bailout Breakdown - only $7.244 trillion dollars

Posted: Tue Apr 14, 2009 4:13 pm
by FZ1
Once it gets over a a few hundred billion, it's just unimaginable.

Re: The Bailout Breakdown - only $7.244 trillion dollars

Posted: Tue Apr 14, 2009 7:30 pm
by bubba
FZ1 wrote:Once it gets over a a few hundred billion, it's just unimaginable.
Maybe this will help :lol:

what exactly a trillion dollars looks like?

We'll start with a $100 dollar bill. Currently the largest U.S. denomination in general circulation. Most everyone has seen them, slighty fewer have owned them. Guaranteed to make friends wherever they go.
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A packet of one hundred $100 bills is less than 1/2" thick and contains $10,000. Fits in your pocket easily and is more than enough for week or two of shamefully decadent fun.
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Believe it or not, this next little pile is $1 million dollars (100 packets of $10,000). You could stuff that into a grocery bag and walk around with it.
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While a measly $1 million looked a little unimpressive, $100 million is a little more respectable. It fits neatly on a standard pallet...
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And $1 BILLION dollars... now we're really getting somewhere...
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Next we'll look at ONE TRILLION dollars. This is that number we've been hearing so much about. What is a trillion dollars? Well, it's a million million. It's a thousand billion. It's a one followed by 12 zeros.
You ready for this?
It's pretty surprising.
Ladies and gentlemen... I give you $1 trillion dollars...
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Notice those pallets are double stacked.
...and remember those are $100 bills.
So the next time you hear someone toss around the phrase "trillion dollars"... that's what they're talking about.