As I have written before, it is impossible for a person to fathom how big a million, or a billion or a trillion is. To count to a million would take ten and ½ days...to count to a billion would take 31½ years...and to count to a trillion would take over 31,000 years.
I thought about this as I saw President Obama trim 100 million dollars from his 3.5 trillion dollar budget. A quick calculation shows that this is a drop in the bucket. For example, if a family with an income of $50,000 cut a comparable amount out of its budget, it would spend just $1.50 less over the course of a year.
Larry Kopsa CPA
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