With the US Government working overtime to bring some stability and order into its financial markets, the immensity of putting something like $700 billion on the line to do so is truly staggering.
The NY Times has tried put that ginormous figure into context. It equates to:
- US$2000 for every person in the US
- More than the GDP of Argentina and Chile combined
- 70% of Canada's GDP
- The annual Pentagon budget including the wars in Iraq and Afghanistan
- 40 times the NASA budget
- 100 times the annual budget of the Head Start program which helps 900,000 children from poor families.
The figures on......... One can only hope that what Uncle Sam is putting in place - together with other countries around the globe - begins to bring order into chaos, panic and staring down the financial abyss.
The NY Times has tried put that ginormous figure into context. It equates to:
- US$2000 for every person in the US
- More than the GDP of Argentina and Chile combined
- 70% of Canada's GDP
- The annual Pentagon budget including the wars in Iraq and Afghanistan
- 40 times the NASA budget
- 100 times the annual budget of the Head Start program which helps 900,000 children from poor families.
The figures on......... One can only hope that what Uncle Sam is putting in place - together with other countries around the globe - begins to bring order into chaos, panic and staring down the financial abyss.
Comments