Comments on: A Dime Saved Out of $3500 http://chicagoboyz.net/archives/7095.html Some Chicago Boyz know each other from student days at the University of Chicago. Others are Chicago boys in spirit. The blog name is also intended as a good-humored gesture of admiration for distinguished Chicago boys including those pictured above. Sun, 21 Mar 2010 13:02:13 -0400 http://wordpress.org/?v=2.8.4 hourly 1 By: John C. Randolph http://chicagoboyz.net/archives/7095.html/comment-page-1#comment-315982 John C. Randolph Mon, 11 May 2009 23:48:58 +0000 http://chicagoboyz.net/?p=7095#comment-315982 The key difference between the first and the second great depressions, is that in the first great depression, the people who knew that FDR was full of crap had a very limited ability to reach the public to counter his propaganda. Today, we have the internet, and the mainstream media that runs the stories the government wants them to run are on the brink of bankruptcy. Even if the government uses our money to keep their camp followers like the New York Times and the Washington Post from going under, their pretense of objective reporting will be forever abandoned once they start living on the government teat. -jcr The key difference between the first and the second great depressions, is that in the first great depression, the people who knew that FDR was full of crap had a very limited ability to reach the public to counter his propaganda. Today, we have the internet, and the mainstream media that runs the stories the government wants them to run are on the brink of bankruptcy.

Even if the government uses our money to keep their camp followers like the New York Times and the Washington Post from going under, their pretense of objective reporting will be forever abandoned once they start living on the government teat.

-jcr

]]> By: Andrew_M_Garland http://chicagoboyz.net/archives/7095.html/comment-page-1#comment-313822 Andrew_M_Garland Wed, 06 May 2009 01:57:50 +0000 http://chicagoboyz.net/?p=7095#comment-313822 Here is another take on this that shows the enormous scale of the original amounts. This graphic at PageTutor.com shows <a href="http://www.pagetutor.com/trillion/usdebt.html" rel="nofollow"> what the current National Debt of $11 trillion would look like stacked in $100 bills</a>. $11 trillion is $11,000 billion, or $11,000,000 million. Government spending for 2010 will be about $3.5 trillion ($3,500 billion). That is about one-third of that $11 trillion graphic. Obama has asked his administration to find $100 million in savings within that one-third of the pile. That is <i>one cube</i> within the graphic. Each cube is $100 million, a single shipping pallet stacked with $100 bills. Notice the figure of a man in the lower-left corner, which gives the graphic some scale. <a href="http://www.pagetutor.com/trillion/index.html" rel="nofollow">Here is a link to the entire presentation</a> Here is another take on this that shows the enormous scale of the original amounts.

This graphic at PageTutor.com shows
what the current National Debt of $11 trillion would look like stacked in $100 bills. $11 trillion is $11,000 billion, or $11,000,000 million.

Government spending for 2010 will be about $3.5 trillion ($3,500 billion). That is about one-third of that $11 trillion graphic. Obama has asked his administration to find $100 million in savings within that one-third of the pile. That is one cube within the graphic. Each cube is $100 million, a single shipping pallet stacked with $100 bills.

Notice the figure of a man in the lower-left corner, which gives the graphic some scale. Here is a link to the entire presentation

]]> By: router http://chicagoboyz.net/archives/7095.html/comment-page-1#comment-313810 router Wed, 06 May 2009 01:15:10 +0000 http://chicagoboyz.net/?p=7095#comment-313810 it may be better to show it as $100.00 out of 3,500,000 budget. 3.5 million <strike>million</strike> out of 100 <strike>million</strike>? YMMV it may be better to show it as $100.00 out of 3,500,000 budget.
3.5 million million out of 100 million? YMMV

]]> By: Dan from Madison http://chicagoboyz.net/archives/7095.html/comment-page-1#comment-313775 Dan from Madison Tue, 05 May 2009 23:28:10 +0000 http://chicagoboyz.net/?p=7095#comment-313775 A nice continuation of the number gut series. I also was going to post this one. A nice continuation of the number gut series. I also was going to post this one.

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