- Home
- Find a Therapist
- Topics
- Tests
- Magazine
- Psych Basics
- Blogs
- Diagnosis Dictionary
The US House passed an $800 billion stimulus bill yesterday. What is $800 billion?
With large numbers flying around recently, it is useful to frame the $800B within references of the day or those that might be on your mind.















And...
$800B is a lot of money! Especially when you don't actually have it! I have a sneaky suspicion this won't be the last "stimulus" if Pelosi have her way.
Luckily Bernanke can press the magic "Printing press" button.
FIN 325
800 billion is a hell of alot of money, where is it coming from?
Big stuff
In pennies 800B represents a volume roughly equivalent to that of Lake Meade and a mass consistent with the world wheat harvest in 2002.
This is a very interesting
This is a very interesting blog. Its amazing what this amount of money can do. What scares me is our national debt is over 10 trillion dollars. This makes me think of how much could be bought with the amount of debt the United States has.
Curious
I am curious about what will actually happen. As this is one of Obama's first presidential acts it will be interesting to see how the media reacts. It's also interesting that I heard many complaints from people when Bush gave a stimulus but now that Obama is doing it its a great idea.
Interesting!
I completely agree with you! But on a side note I wouldnt mind getting a job right out of college that pays me 200k a year...
Fin325 are they printing
I wonder where these will came from are they going to tax or deficit. However, I am fine as long they don’t raise tax and not like the 350b the previous government used but nothing change.
Wow 800B is a lot of money!
Wow 800B is a lot of money! If they are just going to print the money, doesn't that mean that the U.S. dollar will go down in worth? All I have to say is this better work because this money could go towards fixing a lot of other problems, as shown above.
Fin 325
If there are about 25,352 students of Washington State University and 1,800 professors then we could all get about 29.4 million dollars!
$80 Billion
This article is very interesting in that there is a lot of money out there and yes at this point in the economic state of our country we may need bail outs for the less fortunate but I feel the money could be coming from money already being circulated. There have been a lot of schemes including Madoff's and Blagojevich that are taking money from people that need it more and that have more to lose. $80 billion is a lot of money and it seems that when put in perspective like this, it seems a little more tangible.
I'll be honest, the last
I'll be honest, the last point about John Thain made me laugh. nice numbers!
I also think it's interesting that we are in so much debt, and yet throw down millions of dollars for a ceremony, like Obama's inauguration. I know its a big deal, and was a special day for our country, and brought everyone together, etc. But still, it seems that money could have gone to better use elsewhere.
That's exactly what I was
That's exactly what I was thinking. Where did that $170 million go and how much of it could have been used elsewhere? And what other things like that are costing the country millions of dollars that don't need to be spent. I'm sure they could have put on the inauguration for probably $100 million less, I mean even $70 million is a lot of money.
*Brad Fischer *Fin 325
*Brad Fischer
*Fin 325
FIN325
800 billion can do whatever I want. Economic bubble affects everyone's life, that's why US government gives this huge amount of money for stimulating the economic to grow. People should be not afraid to give your money on investing something, because it can save a lot of companies and there finally will be a return into your account. Just need to have some faith.
Fin325
800 billion, in a basic savings account is another 2 billion a year in interest at absolutly no risk. And the tax payer is supposed to pay the government back for stupid investment mistakes?
Alot of Money
I have never really thought of this sum of money in that type of context before. I would like to see the entire stimulus bill and look at each component which adds up to $800 billion.
Hopefully this 800 billion
Hopefully this 800 billion can actually help the economy in United States today, since the global market depend so much on the United States. If this stimulus works, there will be less problems around the world. Unemployment is one of them.
FIN325
I'm sure many of the original suggestions would be quite entertaining to say the least, but as a suggestion, I'd rather address what could be the root of the current "economic woes". Rather than treat the symptons, which could be identified as excessive debt to name one, perhaps the general public, as well as those in financial authority could be reeducated or better taught those principles, tactics and strategies that would ensure the safety and the perseverance of the hardworking individual.
finance 325 credit
i agree. i think its a little ridiculous that we need 800 billion dollars to get us out of a situation we - (some more than others... but still) caused!!! if banks wouldn't have over-lent they wouldn't have went bankrupt. its all a viscous cycle of stupidity. this isn't the first economic cries and it wont be our last if people don't become more educated about the economy. I understand we need a bailout but it would probably be more beneficial if we set aside some money on educating people to find jobs and how to spend money and invest better...
Fin 325
There has been some talk about a trickle up effect from using that money to help out your average citizen rather than having it sucked up in bonuses. This could prove that a bit more if the numbers are accurate. I am sure GM and Dodge would benefit greatly from it.
FIN 325
I wonder how long you could keep the war going for 800 mil. *Sets down open can of worms.*
Lets see some RESULTS (fin 325)
With all this money being dumped into the economy, We had better some positive results.. otherwise I think our nation's taxpayers could use a raise!
Its very interesting to read
Its very interesting to read the unnecessary costs that have occurred. For example, the remodel of John Thain's office, and the inauguration of president Obama. I understand that it was an important day but for a society that is in such economic trouble these expenses can be better used.
800 billion dollars, that number almost seems unrealistic its amazing what it can do and how much it could help, but i believe that when it is all dispersed it will be too hard to track where the expenses went and it will not help are economy. Lets hope that is not the case though
Investing
If we were to invest the $800 billion stimulus bill at an annual compounding interest rate of 7%, it would still take us close to 40 years to pay off the $10 trillion US national debt.
FIN 325
Actually, this is really interesting blog as what we can buy for $800B. I just hope those huge money will be used for benefit.
The 800 billion dollar
The 800 billion dollar stimulus package is a large risky investment that may or may not help the economy. Of course I hope that the package will help the US economy, but with the state of the current crisis it is imperative that the money is put to good use otherwise people can come up with all kinds of hypothetical situations where the money could have been put to good use. In the hands of the right people, not weasals like Madoff and Blagojevich, the money can be put to good use. However if the weasals are the ones benefiting from the stimulus package it is sure to fail. The real question is if the 800 billion dollar stimulus package fails, then how much will it cost to fix the economic problems of the future? Its scary to think about.
More suggestions
On a similar vein
http://danrosenberger.wordpress.com/2009/01/29/what-could-800-billion-buy/
Numbers
While these numbers are interesting, by themselves they are far more prejudicial than probative. Yes 800B is a lot of money, but these stats are misleading. 800B into 4M jobs is 200,000 per job. However, creating these jobs are not that simple, and the expense to create those jobs are not factored in.
Where is this money coming from?
I love the fact that Obama is trying to stimulate the economy and I feel that he can really do alot of good with the plans he has. But my question is where is coming from? The US itself is in the worst debt of all, I feel that although getting money into business and customer's pockets is great that the American Government needs to look at itself and get itself out of it's debt
Finance 325
It is absolutely unbelievable what you can do with 800 Billion dollars. When the previous baiout plan was released for 700 Billion dollars, I remember reading that 700 Billion dollars can be stacked in one dollar bills all the way to the moon and back, and that 700 Billion dollars can buy each person in the world 80 Happy Meals from McDonalds. So to think of 800 Billion dollars as a stimulus package just seems like another Trillion dollars in debt that our government will be in to me.
Post new comment