To grasp the difference between a million (1,000,000) and a billion (1,000,000,000), consider the following:
- It takes about 11 and a half day for one million seconds to tick.
- And it takes almost 32 years (yeah, that’s right) for one billion seconds to tick!
Now think about the US Treasury’s $700 billion financial stabilization fund for a moment.
The current US population is 305 million, if you remove approximately 27% who are below 18 and also exclude the 12% “underclass” (below poverty line) citizens, then it leaves each remaining person (adult, working/retired) in the US paying $1 out of his/her pocket evey day for next 4 years to reach to that figure!