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$8,000,000,000.00

post #1 of 10
Thread Starter 
There's 1000 millions in 1 billion.

I was browsing the recovery.gov web site - a good attempt to help people understand (as much as is possible to understand) where this money is going to be spent.

I was on the http://www.recovery.gov/?q=content/investments page, and I had a chuckle - I bet an accountant just loves the word "other" - and, or, by-the-way, it's ONLY an $8,000,000,000.00 (that's Billions) OTHER.

So, once we know (or think we know) where the funds are going - what will we do if we disagree with the designation?

The word "other" - is that the same as "miscellaneous" isn't it? Enough to make a CPS's eye's start going back in his/her head.

I guess we'll get details as soon as they can post them.
post #2 of 10
$8,000,000,000 is almost a rounding error when you're talking $1,000,000,000,000

somehow, a trillion doesn't seem like all that much when your eyes are glazed over with zeros. I counted them three times and I'm still not sure I put enough in there. seems like there oughta be more
post #3 of 10
I wonder what the number looks like in Chinese
post #4 of 10
Quote:
Originally Posted by coaster View Post
$8,000,000,000 is almost a rounding error when you're talking $1,000,000,000,000
That's exactly what I was thinking. I work for a mid sized corporation, and our department's annual budget of $200 million is considered a rounding error. Having moved from the department that would spend $1 billion dollars a year, the people that I work with now give me the strangest look when I tell them the budget is a rounding error.

At least they are posting this information online for people to review. It may not have everything listed to the penny, but at least it gives you some idea on how money is spent in the U.S. I find that amazing.

For the question - what happens if we don't like how they are spending the money? Again I'll go back to what happens in corporations. The people at the top should set strategic spending objectives for that company, and everyone below them needs to abide by them or build a business case on why they shouldn't do so. A good company will encourage the debate, but only when facts are presented to them. The problem is that in most companies, and more so in our government, people have their own personal agendas that are based on emotion or gut feel rather than facts. The conflict stems from the emotional reaction to spending the money.
post #5 of 10
Quote:
Originally Posted by Momofmany View Post
For the question - what happens if we don't like how they are spending the money?.
In business they get fired. In government, in theory, they're supposed to get fired, too (voted out of office in the next election), but it seldom works quite that easily.
post #6 of 10
Let me try to put this in perspective.

If you were to spend $1,000,000 ($One Million) a day since day one AD through Dec. 31, 2008, you still would not have spent $1 TRILLION. Here's the math:

365.25 days a year (counting leap years) x 2008 = 733,422 x 1,000,000 =
$733,422,000,000. That is 733 Billion, 422 Million Dollars. You would have to wait another 730 years or until the year 2738 before the Trillion Dollar mark would have been met!

AMAZING! Isn't it?
post #7 of 10
Dusty'sMom is right.

2,000 years ago, during the lifetime of Jesus.

2,000 years ago, you started spending One MillionDollars per DAY for 2,000 years and you still wouldn't come close to Barack's 800 billion spending program.

HOLY COW
post #8 of 10
Maybe a dollar just ain't what it used to be back in Jesus' time.
post #9 of 10
I don't know about anyone else here but I know I could retire well on less than a weeks worth of those "million dollar days"
and still give a lot of money to charity.
post #10 of 10
Quote:
Originally Posted by ckblv View Post
I don't know about anyone else here but I know I could retire well on less than a weeks worth of those "million dollar days"
and still give a lot of money to charity.
Me too! A couple of days would do it.
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