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	<title>Comments on: Video: Do People Know How Big 1 Trillion Really Is?</title>
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	<link>http://econ4u.org/blog/2009/05/01/video-do-people-know-how-big-1-trillion-really-is/</link>
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		<title>By: Noway</title>
		<link>http://econ4u.org/blog/2009/05/01/video-do-people-know-how-big-1-trillion-really-is/comment-page-1/#comment-1655</link>
		<dc:creator>Noway</dc:creator>
		<pubDate>Tue, 19 Apr 2011 13:56:46 +0000</pubDate>
		<guid isPermaLink="false">http://econ4u.org/blog/?p=584#comment-1655</guid>
		<description>Upon reflection, this is stupid.  (Full disclosure:  I would have gotten it wrong.  I was off by a zero; my quick reaction was to simply think of how many extra zeros you need to tack on.)  

This is factoid punidtry.  If you know that it takes 1,000 billion to make a trillion, you have the right idea.  And if you know it takes 1,000 million to make a billion, you are there.

But this is pointless, since dollar values are essentially arbitrary.  If we say $1,000 dollars is now tradeable for a new US Dollar, our deficits are back in the billions, and we don&#039;t have to worry about using the T for a while.  Problem solved!  Since now everyone can easily remember that billions come after millions!

That is why what matters is the measure of the nation&#039;s deficit/debt relative to the nation&#039;s GDP.  That is a measure not arbitrary and subject to big scary zeros fippancy.

My guess, though, is that less than 5% of Americans can tell you what in the word &quot;GDP&quot; stands for.   And fewer still could tell you what the ratio is between GDP and the deficit and/or debt. (1%?  Maybe?)

That last paragraph is why we are screwed, not that people are not conversant in converting million or billion to trillion.  People simply don&#039;t understand that we are spending way more than our income, and there is no end in sight.</description>
		<content:encoded><![CDATA[<p>Upon reflection, this is stupid.  (Full disclosure:  I would have gotten it wrong.  I was off by a zero; my quick reaction was to simply think of how many extra zeros you need to tack on.)  </p>
<p>This is factoid punidtry.  If you know that it takes 1,000 billion to make a trillion, you have the right idea.  And if you know it takes 1,000 million to make a billion, you are there.</p>
<p>But this is pointless, since dollar values are essentially arbitrary.  If we say $1,000 dollars is now tradeable for a new US Dollar, our deficits are back in the billions, and we don&#8217;t have to worry about using the T for a while.  Problem solved!  Since now everyone can easily remember that billions come after millions!</p>
<p>That is why what matters is the measure of the nation&#8217;s deficit/debt relative to the nation&#8217;s GDP.  That is a measure not arbitrary and subject to big scary zeros fippancy.</p>
<p>My guess, though, is that less than 5% of Americans can tell you what in the word &#8220;GDP&#8221; stands for.   And fewer still could tell you what the ratio is between GDP and the deficit and/or debt. (1%?  Maybe?)</p>
<p>That last paragraph is why we are screwed, not that people are not conversant in converting million or billion to trillion.  People simply don&#8217;t understand that we are spending way more than our income, and there is no end in sight.</p>
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		<title>By: How much is our national debt? How fast is the speed of light? &#124; Is It Just Me Or Is it Us</title>
		<link>http://econ4u.org/blog/2009/05/01/video-do-people-know-how-big-1-trillion-really-is/comment-page-1/#comment-1297</link>
		<dc:creator>How much is our national debt? How fast is the speed of light? &#124; Is It Just Me Or Is it Us</dc:creator>
		<pubDate>Thu, 15 Jul 2010 13:07:50 +0000</pubDate>
		<guid isPermaLink="false">http://econ4u.org/blog/?p=584#comment-1297</guid>
		<description>[...] But again, most Americans can&#8217;t seem to grasp the significance of such a large number. [...]</description>
		<content:encoded><![CDATA[<p>[...] But again, most Americans can&#8217;t seem to grasp the significance of such a large number. [...]</p>
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		<title>By: Mat</title>
		<link>http://econ4u.org/blog/2009/05/01/video-do-people-know-how-big-1-trillion-really-is/comment-page-1/#comment-763</link>
		<dc:creator>Mat</dc:creator>
		<pubDate>Fri, 18 Dec 2009 21:52:56 +0000</pubDate>
		<guid isPermaLink="false">http://econ4u.org/blog/?p=584#comment-763</guid>
		<description>When even conservatives talk about spending our kids kids money they have no idea that they are looking much farther than that. people this is laid out to where it is never paid back</description>
		<content:encoded><![CDATA[<p>When even conservatives talk about spending our kids kids money they have no idea that they are looking much farther than that. people this is laid out to where it is never paid back</p>
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		<title>By: Mat</title>
		<link>http://econ4u.org/blog/2009/05/01/video-do-people-know-how-big-1-trillion-really-is/comment-page-1/#comment-762</link>
		<dc:creator>Mat</dc:creator>
		<pubDate>Fri, 18 Dec 2009 21:50:19 +0000</pubDate>
		<guid isPermaLink="false">http://econ4u.org/blog/?p=584#comment-762</guid>
		<description>one trillion= if you spent a million a day since christ was born it would take you over the year 2700 AD.....If you was to spent a dollar a min. it would take you over 200,000 years to get to a trillion.</description>
		<content:encoded><![CDATA[<p>one trillion= if you spent a million a day since christ was born it would take you over the year 2700 AD&#8230;..If you was to spent a dollar a min. it would take you over 200,000 years to get to a trillion.</p>
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		<title>By: Alex</title>
		<link>http://econ4u.org/blog/2009/05/01/video-do-people-know-how-big-1-trillion-really-is/comment-page-1/#comment-552</link>
		<dc:creator>Alex</dc:creator>
		<pubDate>Thu, 27 Aug 2009 13:35:22 +0000</pubDate>
		<guid isPermaLink="false">http://econ4u.org/blog/?p=584#comment-552</guid>
		<description>I think this is an exercise in futility.

Asking how much a trillion dollars is,
is like asking how many miles long a light-year is.

There may be some people that can give you the right answer, but no-one will know what their answer really means. There is no way for people to grasp the meaning of &#039;one trillion dollars&#039;.

I know a trillion dollars is one million, million dollars. But what that really means? Not a clue.

For the &quot;Regular Joe&quot;, it&#039;s already impossible to really grasp how much &#039;just&#039; one million dollars is:

If you make 50,000 a year, one million is twenty years of work! Twenty years! It&#039;s already nearly impossible to fathom that, let alone a trillion dollars.</description>
		<content:encoded><![CDATA[<p>I think this is an exercise in futility.</p>
<p>Asking how much a trillion dollars is,<br />
is like asking how many miles long a light-year is.</p>
<p>There may be some people that can give you the right answer, but no-one will know what their answer really means. There is no way for people to grasp the meaning of &#8216;one trillion dollars&#8217;.</p>
<p>I know a trillion dollars is one million, million dollars. But what that really means? Not a clue.</p>
<p>For the &#8220;Regular Joe&#8221;, it&#8217;s already impossible to really grasp how much &#8216;just&#8217; one million dollars is:</p>
<p>If you make 50,000 a year, one million is twenty years of work! Twenty years! It&#8217;s already nearly impossible to fathom that, let alone a trillion dollars.</p>
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		<title>By: Wrapping Your Head Around 12 Zeroes &#8211; Econ4U.org</title>
		<link>http://econ4u.org/blog/2009/05/01/video-do-people-know-how-big-1-trillion-really-is/comment-page-1/#comment-534</link>
		<dc:creator>Wrapping Your Head Around 12 Zeroes &#8211; Econ4U.org</dc:creator>
		<pubDate>Fri, 14 Aug 2009 20:08:29 +0000</pubDate>
		<guid isPermaLink="false">http://econ4u.org/blog/?p=584#comment-534</guid>
		<description>[...] to say, a trillion of anything is a lot. Since most people we&#8217;ve talked to aren&#8217;t entirely clear on how big it really is, for visual learners (like myself) we put together these graphics to illustrate the enormity of a [...]</description>
		<content:encoded><![CDATA[<p>[...] to say, a trillion of anything is a lot. Since most people we&#8217;ve talked to aren&#8217;t entirely clear on how big it really is, for visual learners (like myself) we put together these graphics to illustrate the enormity of a [...]</p>
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		<title>By: Old Rubberlegs</title>
		<link>http://econ4u.org/blog/2009/05/01/video-do-people-know-how-big-1-trillion-really-is/comment-page-1/#comment-451</link>
		<dc:creator>Old Rubberlegs</dc:creator>
		<pubDate>Tue, 07 Jul 2009 00:28:22 +0000</pubDate>
		<guid isPermaLink="false">http://econ4u.org/blog/?p=584#comment-451</guid>
		<description>Answer: Taxation is theft.

...Class dismissed</description>
		<content:encoded><![CDATA[<p>Answer: Taxation is theft.</p>
<p>&#8230;Class dismissed</p>
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		<title>By: Sanglyon</title>
		<link>http://econ4u.org/blog/2009/05/01/video-do-people-know-how-big-1-trillion-really-is/comment-page-1/#comment-440</link>
		<dc:creator>Sanglyon</dc:creator>
		<pubDate>Sat, 27 Jun 2009 12:00:12 +0000</pubDate>
		<guid isPermaLink="false">http://econ4u.org/blog/?p=584#comment-440</guid>
		<description>Actually, 21% in a poll with 5 possible choices is not any better, because if everyone just answered at random, it would have been the same (20% chance for each answer to be picked)</description>
		<content:encoded><![CDATA[<p>Actually, 21% in a poll with 5 possible choices is not any better, because if everyone just answered at random, it would have been the same (20% chance for each answer to be picked)</p>
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		<title>By: lvleph</title>
		<link>http://econ4u.org/blog/2009/05/01/video-do-people-know-how-big-1-trillion-really-is/comment-page-1/#comment-434</link>
		<dc:creator>lvleph</dc:creator>
		<pubDate>Tue, 23 Jun 2009 05:25:54 +0000</pubDate>
		<guid isPermaLink="false">http://econ4u.org/blog/?p=584#comment-434</guid>
		<description>Financial education has nothing to do with understanding the size of a trillion. It is a number and has everything to do with proper math education. To understand that there is 1000 millions in a billion is probably too difficult for many Americans. In fact, after teaching mathematics at a university I would venture to say that it is even too much to ask that they understand that there is a 1000 1000&#039;s in a million.</description>
		<content:encoded><![CDATA[<p>Financial education has nothing to do with understanding the size of a trillion. It is a number and has everything to do with proper math education. To understand that there is 1000 millions in a billion is probably too difficult for many Americans. In fact, after teaching mathematics at a university I would venture to say that it is even too much to ask that they understand that there is a 1000 1000&#8242;s in a million.</p>
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		<title>By: thomas tilden</title>
		<link>http://econ4u.org/blog/2009/05/01/video-do-people-know-how-big-1-trillion-really-is/comment-page-1/#comment-297</link>
		<dc:creator>thomas tilden</dc:creator>
		<pubDate>Tue, 05 May 2009 12:01:45 +0000</pubDate>
		<guid isPermaLink="false">http://econ4u.org/blog/?p=584#comment-297</guid>
		<description>there are 1,000 millions in a billion. then there 1,000 multiply 1,000 equals a trillion. 1,000 millions equal a billion. 1,000,000 millions equal a trillion.</description>
		<content:encoded><![CDATA[<p>there are 1,000 millions in a billion. then there 1,000 multiply 1,000 equals a trillion. 1,000 millions equal a billion. 1,000,000 millions equal a trillion.</p>
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