What Could 700 Billion Dollars Do?

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Too Many Zeros: Not Enough Money

Seven Hundred Billion Dollars ($700,000,000,000) is a lot of zeros.

What can this much money do for each resident in the United States?

Let's see.

If we divide the $700,000,000,000 by 400,000,000 residents (the number of residents in the United States) we get

$1,750 per U.S. Resident

Here's another way of looking at it.

If we divide $700,000,000,000 by 1,250,0000 predicted foreclosures we get

$560,000 per foreclosure.

President Bush said that the average foreclosure costs $250,000.

Let's see what this means. If we take the $560,000 from the bailout and subtract the $250,000 cost of the foreclosure we get

$310,000 unaccounted for with each foreclosure.

What could $700,000,000,000 do?

How Many US Residents Live In Poverty? 

The U.S. Census Says.......

"In 2007, 37,500,000 people in the United States live in poverty," according to the U.S. Census.

U.S. Census Report

Let's see what seven hundred billion dollars can do.

If we divide $700,000,000,000 by 35,000,000 (the number of people in poverty in the United States,

we get $18,667 per person.

What can $700,000,000,000 do?

How Much Does It Cost To Feed A Family of Four? 

What Will Happen To The Families Who Lose Their Homes?

Here's a calculator to help you see what it costs for a family to live in any state. The calculator shows

the family needs $45,380 before taxes.

Visit The National Center for Children in Poverty to try out the calculator yourself.

Now, back to Seven Hundred Billion Dollars ($700,000,000,000): if we divide $700,000,000,000 by $45,380, we see that it would cover all the expenses for

15,425,297 families for a year.

Put another way, we need to know what the $700,000,000,000 is really worth to us as a nation.

What is Seven Hundred Billion Dollars Worth? 

If we invest $700,000,000,000

at a fixed rate of %5

Compounded Daily (like a mortgage)

we'd have

$3,136,860,000,000.00 or

Three Trillion One Hundred Thirty Six Billion Eight Hundred Sixty Million Dollars.

Wow! That's a lot of zeros.

It's Your Money 

What Would You Do?

Should We Or Shouldn't We Bail Out Wall Street?

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Save the Bankers

dave rogers says:

Of course you save the bankers... if you give the money to people, it would be welfare.

I keep wanting to ask "are we there yet" because of this odd feeling I have that I'm being taken for a ride.

How about you?

Posted October 23, 2008

Yuly says:

Save them b/c if the US economy crash, we crash too.We r going to affect too. So lets gave them a little bit of light in this darkness.

Posted October 12, 2008

Save the Money

Ekun says:

I spelt crazy wrong...oh dear

Posted November 11, 2009

Ekun says:

Just wanted to say that were would you invest 700, 000, 000, 000 dollars you think that a bank could invest that and turn it into trillons? Your crazu

Posted November 11, 2009

yippee says:

Do not bail out wall street.

Posted November 03, 2009

TheGreenerMe says:

Based on what's been going on no! AIG's luxury spa vacation while the bailout was occurring is a big indication they aren't serious about making changes. The economy so far hasn't changed from the bailouts, it's benefiting a select few.

Posted February 03, 2009

sandyspider says:

The bail out so far hasn't help us stock owners. Banks are still tight with loans. So far some of the money has already gone in the wrong direction. Greed only produces more greed!

Posted January 22, 2009

 
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