I have a tendency to "think small". Like when I see the statistic that Exxon Mobil made $30.46 billion last year, it really doesn't mean that much to my small mindedness.
If you break that down, it's something like $58,000 a minute - every minute - all year.
In plain English and even without "socialism", the U.S. government spends a $#*+load of money every second.
Belgium is probably no better, but Belgium is so small it usually doesn't even make the radar when European financials make the news.
Of course, some of us (definitely me) can't wrap our head around the amount of money it takes to run a country. If we think it's as simple as taxing the rich we probably think just cutting out a little Medicare, Social Security, some military or electing someone new to work their magic is simple too.
I read the proposed budget for 2012 is $3.7 trillion. I think that's like over $7 billion a minute. Boy, even all of Exxon Mobil's money wouldn't make a dent in that.
Fed Chair Ben Bernanke stated in January 2007: "The longer we wait, the more severe, the more draconian, the more difficult the objectives are going to be. I think the right time to start was about 10 years ago."
Thanks to Ross for showing me this video. It illustrates just how much a $#*+load really is.
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