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Old 04-09-2011, 06:56 PM
 
Location: Victoria TX
42,661 posts, read 78,750,565 times
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Four out of five polled Americans don't know how much a trillion is. Three out of five miss by a factor of 1,000 or more. That's like guessing that Babe Ruth hit 60,000 home runs in one season, or that a gallon of milk costs $4,000, or a Mercedes costs $50, or your wife had 3,000 lovers before you met her, or the population of Norway is 5,000. More than half the voting public is at least that far off.

Poll: How many millions are in a trillion? – Econ4U.org

So how does democracy work when the huge majority of the voters have such wild misconceptions of what kinds of money their elected officials are spending, or how much war or bailouts cost? The news media is telling them, but they don't understand, not even close, the meaning of the words the news anchor speaks.

Last edited by jtur88; 04-09-2011 at 07:07 PM..
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Old 04-09-2011, 07:02 PM
 
20,194 posts, read 21,615,484 times
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Its as if you have 1,000,000 millionaires.... the deficit will be raised to 14 Trillion which is equivalent to 14,000,000 millionaires.... the unfunded liabilities is about 65 Trillion which is about 65,000,000 millionaires.... so to pay for 65 trillion you will have to take a million dollars from 65,000,000 millionaires which is about 1/5 the population of the US... umm... problem... 1/5 of the population of the US are not millionaires... hehehehe...
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Old 04-09-2011, 07:18 PM
 
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Simple, but very depressing answer when one talks about our government spending and debt: 1 trillion = 1 million million.
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Old 04-09-2011, 07:42 PM
 
Location: Destrehan, Louisiana
2,192 posts, read 6,552,605 times
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Quote:
Originally Posted by jtur88 View Post
Four out of five polled Americans don't know how much a trillion is. Three out of five miss by a factor of 1,000 or more. That's like guessing that Babe Ruth hit 60,000 home runs in one season, or that a gallon of milk costs $4,000, or a Mercedes costs $50, or your wife had 3,000 lovers before you met her, or the population of Norway is 5,000. More than half the voting public is at least that far off.

Poll: How many millions are in a trillion? – Econ4U.org

So how does democracy work when the huge majority of the voters have such wild misconceptions of what kinds of money their elected officials are spending, or how much war or bailouts cost? The news media is telling them, but they don't understand, not even close, the meaning of the words the news anchor speaks.

Maybe enough for gas if it goes to $15 a gallon.

busta
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Old 04-10-2011, 01:47 AM
 
Location: Victoria TX
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lI prefer to look at it another, which the news media very carefully avoids doing.

There are 125-million households in the USA. How many "125,000,000s" are there in a trillion? Ans: Eight thousand, which is how many dollar per household it will take to pay off each trillion in debt.

For example, a trillion dollar war will need to be paid for at a rate of $8,000 per family. The annual $2.5-trillion cost of health care will cost each family $20,000 per year (and rising. That includes huge profits to the insurance industry and bloated accounting and billing costs). Do you remember your favorite news anchor carefully pointing out to you last year that "The cost of health care in the US last year was $5711 per person", with a graphic chart to hit it home? No, that press release was never rewritten as a story in the 6 oclock news.

Can you send in a check, or would you like to pay that in installments? You can't just say "Duhh, I didn't know a trillion was that much."

Last edited by jtur88; 04-10-2011 at 02:00 AM..
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Old 04-10-2011, 02:40 AM
 
86,512 posts, read 83,975,114 times
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how much is a brazillion?
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Old 04-10-2011, 02:43 AM
 
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Quote:
Originally Posted by mathjak107 View Post
how much is a brazillion?
she's a whole lot of fun!
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Old 04-10-2011, 03:39 AM
 
52 posts, read 58,442 times
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Quote:
Originally Posted by mathjak107 View Post
how much is a brazillion?
A friend from London said she paid 100 pounds to get one.
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Old 04-10-2011, 11:15 AM
 
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If you could actually count to 1 trillion saying each number every second. It would take you 31,688 years. Now count to the national deficit.
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Old 04-10-2011, 11:24 AM
 
Location: Victoria TX
42,661 posts, read 78,750,565 times
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Quote:
Originally Posted by danieloneil01 View Post
If you could actually count to 1 trillion saying each number every second. It would take you 31,688 years. Now count to the national deficit.
It's a good thing a dollar is not worth anything anymore, or a trillion would be a lot of money.
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