A Billion Here, A Billion There…

The quote famously attributed to the late Sen. Everett Dirksen goes “A billion here, a billion there, and pretty soon you’re talking real money”.

It’s really quite breathtaking to hear public officials and commentators talk about billions as if it were a rounding error, and the reality that Federal government commitments for so called stimulus and bailouts could amount to a staggering $23 trillion is a number so big that it’s hard to even grasp… actually the number is $23.7 trillion but underscoring my point, the .7 isn’t even mentioned because that’s “only 700 billion dollars”.

So how much is 1 trillion dollars?