The Paulson Plan

Monday, September 22, 2008 | 02:00 PM

Want to get a sense of exactly how expensive the Paulson Plan is?

1 million seconds is 11 days   

1 billion seconds is 32 years 

1 trillion seconds is 300 centuries 

If we take on as much debt as Paulson wants (well over a trillion dollars) and we pay it back at the rate of a dollar per second, it would  take 3 centuries to repay. And that assumes its "only" a trillion dollars . . .  it could be much, much more.

Watch the greenback go down the rathole.

Monday, September 22, 2008 | 02:00 PM | Permalink | Comments (53) | TrackBack (0)
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Comments

I think you're off by an order of magnitude, isn't a trillion seconds equal to 31,709 years?

- Gregg

Posted by: GreggT | Sep 22, 2008 2:26:52 PM

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