billions!

[allhatnocattle.livejournal.com]

The modern world talks extraordinarily huge numbers like billions. Lets figure this out...

1 hour = 3600 seconds
1 day = 86400 seconds
1 year = 31,536,000 seconds
32 x 31,536,000 = 1,009,152,000.
So about a billion seconds ago it was 1978!

So when we talk about the trillion dollar Greek bailout, or the American debt it's incredible.
It would take 32,000 years to spend a dollar a second, assuming you earned $3600/hr, even while sleeping.

Comments

[rasilio.livejournal.com]

You seem to have a very skewed definition of tiny.

The Greek Debt works out to somewhere in the vicinity of $34,000 per person. Not taxpayer, not worker, person which includes, children, the elderly, those in prison, etc.

When you look at it on a per worker basis you're looking at more than $65,000 each. I can't find any quick references to what the median salary in Greece is in USD but it appears to be in the $33,000 - $35,000 range.

While a $65,000 debt is not insurmountable on an income in that range given that it is a sunk cost, that is if the government were to immediately reduce spending to match it's tax receipts it would need to maintain the tax rate higher than the nominal amount needed to pay for services to service it's existing debt. As a sunk cost offers no benefit to the one who has to pay for it and as such will be a considerable drain on their net earnings and economic potential.

[torpidai.livejournal.com]

You seem to have a very skewed definition of tiny.

No, you seem lacking in basic English.

if you now spread that amongst those who are payings total populations It sure aint "Just the Greeks" paying now is it, and as the reply was with regards to Bailout...