Human beings have a hard time differentiating between millions and billions and trillions, let alone the numerical subsets thereof. To most of us, it just registers as â€œa whole lot.â€ …
It is hard, then, to get people excited about the difference between $787 billion and $478 billion, both of which are equally abstract if not equally large sums â€” which is perhaps one reason why House Republicansâ€™ alternate stimulus proposal, which carried the latter price tag, failed to gain much traction with the public.
As a public service, All That Is Necessary is pleased to present this statistical glossary, for use in explaining federal spending to your grandchildren: billion, trillion, quadrillion, quintillion, sextillion (which will lend itself to financial abstinence messages), septillion, octillion, nonillion, decillion.
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