Thursday, February 05, 2009

Understanding the Cost of Obama's Stimulus Bill

Sometimes it's difficult to conceptualize large numbers, such as one trillion dollars.

This might help.

Earlier this week, Senate Minority Leader Mitch McConnell said that, "if you started the day Jesus Christ was born and spent $1 million every day since then, you still wouldn’t have spent $1 trillion".

Want to work that out yourself?  Here's a simple (and very simplified) formula:

$1,000,000/day x 365 days/year x 2009 (assume Jesus was born in year one) = $733,285,000,000.

A little over $733 billion dollars, which is less than Obama's massive spending and debt increasing stimulus bill.  The version passed by the House of Respresentatives weighed in at $819 billion.