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A Political "Solution": Part II

by Thomas Sowell

Estimates of how much money a government program will cost are notoriously unreliable. Estimates of the cost of the current bailout in the financial markets run into the hundreds of billions of dollars, and some say it may reach or exceed a trillion.

Many people have trouble even forming some notion of what such numbers as billion and trillion mean. One way to get some idea of the magnitude of a trillion is to ask: How long ago was a trillion seconds?

A trillion seconds ago, no ...

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Posted by: Bill Sewell
Comment: #1
Thu Sep 25, 2008 6:08 PM

Mr. Sowell: Excellent commentary on the bailout in your Sept. 25th artical. How true, and just as Sen. Dodd, there are so many standing there with their hands out to get part of the pie. Thank you for your insight. Bill Sewell, knoxville, TN

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