Showing posts with label cash flow. Show all posts
Showing posts with label cash flow. Show all posts

Wednesday, February 25, 2009

Presidet Obama's Address

There’s no denying that President Obama is one of the most eloquent politicians to come along in a long time. That was on display last night in his address to the joint session of Congress. The President put forth ideas that certainly show a shift in direction from the previous administration. It was nice to see energy and the environment move up the ladder of national priorities. The president also did a nice job in using his popularity with young people to tell them that he expects that they not only graduate high school, but further their education beyond high school, and he framed it well in terms of being a responsibility of citizenship.

What didn’t add up about the President’s speech was the math. President Obama laid out a number of ambitious goals one of which was cutting the national deficit in half by the year 2013. However, instituting programs such as national health care, making college accessible to all citizens, and instituting a cap and trade initiative on carbon emission is beyond ambitious when also trying to cut the deficit. With a huge stimulus package that just passed, a large appropriations bill about to come up for debate, and the possibly of more money needed for bailout plans, it seems highly unlikely that the national debt will do anything other than balloon even further. This isn’t just an issue of a theoretical debt that will some day have to be paid by the tax payer. This is a basic math problem that could negatively impact the economy for years to come. Government services take on an added appeal if the price tag is ignored, and a better explanation needs to be given of the cost to taxpayers before these programs are rubber stamped.


President Obama’s Address



Thursday, February 5, 2009

How much is $1 Trillion

With the Economic Stimulus approaching the $1 trillion mark, lets look at what $1,000,000,000,000.00 equates to…

$1,597,444 check for all of the 626,000 people that have filed unemployment claims this month.

$227,272 check for all 4.4 million people collecting unemployment benefits.

$333.33 check for every American man, woman, and child.

It would take a worker making $50,000 a year 20 million years to earn $1 trillion.

If ever ticket of every home Red Sox home game at Fenway Park for the 2009 season was sold for $308,642.00 each that would equal $1 trillion.

The GDP of Mexico is just over $1 trillion.

The GDP of India is also just over $1 trillion.

The combine GDP of the following countries is approximately $1 trillion…

Uruguay, Lebanon, Yemen, Uzbekistan, North Korea, Cyprus, Estonia, Ethiopia, Cameroon, Trinidad and Tobago, Ivory Coast, Panama, El Salvador, Tanzania, Equatorial Guinea, Iceland, Bahrain, Bosnia and Herzegovina, Macau, Jordan, Bolivia, Ghana, Brunei, Paraguay, Gabon, Zambia, Uganda, Senegal, Botswana, Honduras, Burma, Albania, Jamaica, Republic of the Congo, Georgia, Democratic Republic of the Congo, Afghanistan, Nepal, Armenia, Cambodia, Mozambique, Madagascar, Republic of Macedonia, Chad, Mali, Malta, Burkina Faso, Mauritius, Namibia, Haiti, Benin, The Bahamas, West Bank and Gaza, Nicaragua, Papua New Guinea, Moldova, Niger, Laos, Jersey, Kyrgyzstan, Liechtenstein, Mongolia, Tajikistan, Aruba, Zimbabwe, Montenegro, Guinea, Malawi, Rwanda, French Polynesia, Fiji, Barbados, Mauritania, New Caledonia, Kosovo, Togo, Suriname, Swaziland, Guam, Guernsey, Isle of Man, Somalia, Central African Republic, Sierra Leone, Cape Verde, Faroe Islands, Greenland, Lesotho, Eritrea, Belize, Bhutan, Maldives, Guyana, Antigua and Barbuda, Gibraltar, San Marino, Saint Lucia, Djibouti, Liberia, Burundi, British Virgin Islands, The Gambia, Seychelles, Grenada, Northern Mariana Islands, Saint Vincent and the Grenadines, Vanuatu, Saint Kitts and Nevis, Comoros, Samoa, East Timor, Solomon Islands, Guinea-Bissau, Dominica, American Samoa, Tonga, Micronesia, Cook Islands, Palau, São Tomé and Príncipe, Marshall Islands, Anguilla, Kiribati, Tuvalu
 
If you'd like your political representatives to now what $1 trillion equates to, their contact info can be found at...
 
Senators - http://www.senate.gov/general/contact_information/senators_cfm.cfm
 
Representatives - https://writerep.house.gov/writerep/welcome.shtml
 

Stimulating Math