Indiana

What?s $700,000,000,000 Between Friends?

By Abdul Hakim-Shabazz

In case you were wondering what you could do with the $700 Billion that’s going to bailout the nation’s financial industry, here are a few thoughts courtesy of Time magazine.

• You could give every poerson in the United States $2,300 or give every household $6,300.
• You could buy gas for every car in the United States for the next 16 months.
• You could pay the income taxes for every American who makes $500,000 or less.
• You could fully fund the departments of Defense, Treasury, Education, State, Veterans Affairs, Interior Department and NASA.
• You could buy every NFL, NBA, Major League Baseball team, build each one a new stadium and pay every player $191 million each for a year.
• You could pay off 7% of the nation’s $9.8 trillion debt.

Full post as published by Indiana Barrister on September 29, 2008 (boomark / email).