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Old 07-02-2018, 07:31 AM   #21
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Bingo. I lived in D.C. at the time and remember it well. 1981, a simpler time in many ways but in other ways just like today.
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Old 07-03-2018, 02:07 PM   #22
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I didn't read the whole thread.

My wife's first BS was in education. She was told that most people are are not literate wrt numbers and that, to most people, all numbers over 10,000 are just "big."

That really stuck with me when I heard it. My experience with others has shown this to be the case.

I tried to Google this but was inundated with responses like "People also ask - How many hundreds in a thousand?"
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Old 07-03-2018, 02:18 PM   #23
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The debt may not have impacted you yet but you should be prepared for its consequences, when the levy overflows all hell can break loose in a hurry. IF and WHEN something happens it shouldn’t be a surprise.
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Old 07-03-2018, 03:26 PM   #24
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Keep in mind that this is just the direct debt in terms of bonds. There is also the "unfunded liability" of Medicare and Social Security, which is the NPV of future estimated cost less funding. A 2016 Treasury Dept. report estimated this amount at $46.7 trillion.
Good point.
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Old 07-03-2018, 03:29 PM   #25
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Originally Posted by MikeD View Post
I didn't read the whole thread.

My wife's first BS was in education. She was told that most people are are not literate wrt numbers and that, to most people, all numbers over 10,000 are just "big."

That really stuck with me when I heard it. My experience with others has shown this to be the case.

I tried to Google this but was inundated with responses like "People also ask - How many hundreds in a thousand?"



I have heard that also, and a bit more is that almost nobody really understands over 1 million... IOW, that is just too large of a number to really get your brain around... sure, we can do the math and say it is 1,000 $1,000.... but that is math...



If you used $1 bills, $1 million would be about 40 cubic feet... basically a pallet of bills just over 3 feet high...


Edit to add...


Found a pic I remember seeing here before.... shows really big numbers...


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