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The New Mexico Independent

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$8.5 trillion makes it a ‘Great Recession’ instead of a Great Depression

Started by nmindependent · 7 months ago

The total infusion of federal money to rescue our economy so far totals more than the annual gross domestic product of every national economy in the world except the United States, the European Union and China. According to the New Mexico Business Weekly, it’s about $8.5 trillion%3 ... Continue reading »

1 comment

jfleck
7 months ago

My wife, Lissa, has been repeatedly asking for numerical translation in cases like this, prompting a new blog comment feature, which I launch here: What's in a trillion? By my calculation, Lissa's share of $8.5 trillion is roughly $28,000. (That is, if you divide the entire amount by the US population, that's what you get.) I encourage other commenters to offer their own useful translations into numerical terms - like how many F16s or new high schools there are in $8.5 trillion, that sort of thing.

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