Have you tried entering $700,000,000,000 into your calculator? Many ordinary household calculators won’t accept that many numbers.
Today Rush Limbaugh discussed this Wizbang blog post on his radio show:
The Bottom Line: If the Treasury simply took the $700 Billion and started paying off taxpayer mortgages, they could pay off every mortgage in the country worth less than $75,000… Or put another way, $700 Billion could pay off well over half of all outstanding first mortgages in the entire country.
The AP carries this report: $700 billion, pondering the possibilities. It observes:
It could ensure universal health care coverage for six years, for example, or upgrade the country’s most deficient bridges four times over . . .
Or run an entire country. Seven hundred billion dollars is more than twice the size of the economy of Denmark, which had a gross domestic product of $312 billion in 2007 . . .
