How much is $1,000,000,000,000.00

With the Economic Stimulus approaching the $1 trillion mark, lets look at what $1,000,000,000,000.00 equates to…

$1,597,444 check for all of the 626,000 people that have filed unemployment claims this month.

$227,272 check for all 4.4 million people collecting unemployment benefits.

$333.33 check for every American man, woman, and child.

It would take a worker making $50,000 a year 20 million years to earn $1 trillion.

If ever ticket of every home Red Sox home game at Fenway Park for the 2009 season was sold for $308,642.00 each that would equal $1 trillion.

The GDP of Mexico is just over $1 trillion.

The GDP of India is also just over $1 trillion.

The combine GDP of the following countries is approximately $1 trillion…

Uruguay, Lebanon, Yemen, Uzbekistan, North Korea, Cyprus, Estonia, Ethiopia, Cameroon, Trinidad and Tobago, Ivory Coast, Panama, El Salvador, Tanzania, Equatorial Guinea, Iceland, Bahrain, Bosnia and Herzegovina, Macau, Jordan, Bolivia, Ghana, Brunei, Paraguay, Gabon, Zambia, Uganda, Senegal, Botswana, Honduras, Burma, Albania, Jamaica, Republic of the Congo, Georgia, Democratic Republic of the Congo, Afghanistan, Nepal, Armenia, Cambodia, Mozambique, Madagascar, Republic of Macedonia, Chad, Mali, Malta, Burkina Faso, Mauritius, Namibia, Haiti, Benin, The Bahamas, West Bank and Gaza, Nicaragua, Papua New Guinea, Moldova, Niger, Laos, Jersey, Kyrgyzstan, Liechtenstein, Mongolia, Tajikistan, Aruba, Zimbabwe, Montenegro, Guinea, Malawi, Rwanda, French Polynesia, Fiji, Barbados, Mauritania, New Caledonia, Kosovo, Togo, Suriname, Swaziland, Guam, Guernsey, Isle of Man, Somalia, Central African Republic, Sierra Leone, Cape Verde, Faroe Islands, Greenland, Lesotho, Eritrea, Belize, Bhutan, Maldives, Guyana, Antigua and Barbuda, Gibraltar, San Marino, Saint Lucia, Djibouti, Liberia, Burundi, British Virgin Islands, The Gambia, Seychelles, Grenada, Northern Mariana Islands, Saint Vincent and the Grenadines, Vanuatu, Saint Kitts and Nevis, Comoros, Samoa, East Timor, Solomon Islands, Guinea-Bissau, Dominica, American Samoa, Tonga, Micronesia, Cook Islands, Palau, São Tomé and Príncipe, Marshall Islands, Anguilla, Kiribati, Tuvalu
 
If you'd like your political representatives to now what $1 trillion equates to, their contact info can be found at...
 
Senators - http://www.senate.gov/general/contact_information/senators_cfm.cfm
 
Representatives - https://writerep.house.gov/writerep/welcome.shtml
 

---

Stimulating Math

Americans Will Pay the Bill for Overloaded Stimulus Package

Rasmusen reports that support for the Emergency Stimulus plan is slipping. This is not surprising since the stimulus has been packed with pork, which by anyone's definition seriously stretches the meaning of emergency. Regular Americans know better than many politicians the basic fact that bills have to be paid, and this proposal leaves Americans holding the tab for a pile of pork. President Obama and House Republicans have shown some willingness to compromise, but the House bill that passed yesterday had not one Republican vote for it and 11 Democrats also oppose it for good reason. Just take a look at a few of the items in this bill that have been stuffed into this bill...

• $20 million “for the removal of small- to medium-sized fish passage barriers.”
• $400 million for STD prevention
• $25 million to rehabilitate off-roading (ATV) trails
• $34 million to remodel the Department of Commerce HQ
• $70 million to “Support Supercomputing Activities” for climate research
• $150 million for honey bee insurance

Cited from Earmarks In House Bill

---

Americans Will Pay the Bill for Overloaded Stimulus Package

A Matter of Economics A Matter of Record

Another myth coming out of the Romney camp is that he is the ‘economy candidate’. The problem is, and we’ve seen this movie before, his rhetoric doesn’t match his record. His four-year record as Governor of Massachusetts shows a substantial increase in fees and taxes, low job growth, and a large exodus of residents from the state. As Michael Widmer, president of the independent Massachusetts Taxpayers Foundation, told Reuters, "There's never been under his watch an economic turnaround to speak of," further saying, "We added a few jobs over the last three years of his tenure but very few. He also raised corporate taxes and fees and the (deficit) gap turned out to be less than $3 billion."

Governor Romney has made a habit of making inaccurate claims about his record throughout this race, but ironically you don’t even have to go back that far to see that Governor Romney is not a fiscal conservative. First, he supported farm and ethanol subsidies in Iowa. Senator McCain was considered politically crazy for not pandering to Iowans and stated his opposition to farm and ethanol subsidies relaying his dedication to free trade principles. In Michigan Governor Romney offered voters a $20 billion bailout to the auto industry, not something a fiscal conservative would do. Senator McCain instead told the truth that many of these jobs are not coming back, and offered a retraining program for displaced workers. Now that the race is headed down to Florida Governor Romney is offering incentives to the elderly. Governor Romney’s claim of being conservative is not only a turn-around from his record in Massachusetts, they’re a turn-around from statements he made just a few weeks ago.

Now the Governor is criticizing Senator McCain’s position on the Bush Tax Cuts. Senator McCain has clearly stated that he wanted spending cuts to accompany tax cuts, and if you look at his record and the record of congress over the last eight years its clear that there has been a massive government spending problem that he has battled against. He supports extending the tax cuts because a repeal would be practically the same as a tax increase, which he has never supported. That is a fiscal conservative. Now Governor Romney is offering a huge economic stimulus package the dwarfs President Bush’s. That is not a good thing, and not a conservative thing, that money has to come from somewhere, which in the end means it comes from the voters pockets. Senator McCain instead offers a series of corporate tax breaks, and tax incentives for start-up businesses and for research and development. Choosing to focus on stimulating growth and ingenuity over massive bailouts. The beauty and the frustration of running against a candidate such as Governor Romney whose rhetoric doesn’t match his record is that there is plenty of documentation to show what his record really is. So feel free to not believe me just check the record, and learn for yourself that this newly dubbed ‘economy candidate’ looks a lot like a Liberal.

The Real Conservative Republican

Mitt Romney’s Economic Record Questioned

Economic Glass Houses

Romney Candidacy Puts Massachusetts Economy in Spotlight

Romney - Troubles Ahead Troubles Behind – Part 2

Original Post A Matter of Economics and A Matter of Record