Tuesday, February 17, 2009

Understanding Finance

US President Obama has signed his economic stimulus plan in Denver, after the American Congress approved the $787bn package last week. Read the BBC account here.

$787billion. Wow. That's a lot of money. But how much, exactly? Let me help you understand.

If you had started spending $1,000,000 a day the day Jesus was born, (that's right - a million dollars a day, every day, working on a 4BC birthdate) you would still have another 143 years to go before you had finished spending $787billion. That's how much money it is.

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