The federal budget deficit for 2010 is estimated at $1.5 trillion. You may find this number difficult to comprehend.
We understand a million. That is what used to make one rich, before it became the price for a small fixer in a modest neighborhood.
Trillions are more of a problem.
Only when placed in context can one understand the enormity of $1.5 trillion.
To illustrate, consider a stack of bond certificates, each worth $100 billion. To reach a value of $1.5 trillion, this stack would rise to OVER SIX-TENTH OF AN INCH IN HEIGHT.
A few more illustrations of just how large $1.5 trillion is:
• If you wanted to give one hundred dollars to each galaxy in the universe, $1.5 trillion would pay FOR THE FIRST 30%.
• 1.5 trillion equals one fifth of THE NUMBER OF CELLS IN THE AVERAGE HUMAN BODY.
• $1.5 trillion is roughly DOUBLE $750 billion and about of HALF of $3 trillion.
• $1.5 trillion equals 0.3% of the TOTAL DERIVATIVES MARKET.
• $1.5 trillion could finance ALMOST SEVEN HUNDRED Boston-style "big digs."
• If one divided this $1.5 trillion bailout equally among one hundred banks, EACH WOULD RECEIVE $15 BILLION
• With $1.5 trillion, one could purchase A LOT OF EXPENSIVE STUFF, including the Honus Wagner T206 baseball card, AND STILL HAVE MONEY LEFT OVER.
• Invested in municipal bonds paying 5%, $1.5 trillion would produce an annual TAX FREE INCOME OF $105 BILLION.
• If ants were priced at $20 per thousand, one could PURCHASE 7% OF THE WORLD'S ANT SUPPLY FOR $1.5 TRILLION.
I trust this has helped you to put the IMMENSE SUM OF $1.5 TRILLION in perspective.