I’m becoming a fan of Politico, which has intelligent writing on politics without any overwhelming left or right tilt. Today the site notes that all of the big numbers start to blur together:
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 “a whole lot.†…
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 — which is perhaps one reason why House Republicans’ 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.
(Custom word cloud graphic from wordle.net)
“A billion here, a billion there and pretty soon you’re talking real money.” – Everett Dirkson.
I always loved that quote … until I made the unfortunate move tonight of googling it and finding that the Senator probably never actually said it.
I had a similar experience with a quotation supposedly from Edmund Burke…
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