Thursday, March 27, 2008

As the seconds tick away... your taxes pay for brutality and Wall St. bailouts

Let's see, at 10 bucks an hour, the average joe makes .00277778 cents per second. Not even a penny. (ed.)

By dixie March 26th, 2008 2:20 pm:
As the cost of the war escalates and we keep hearing about the 3 trillion dollar war and the fact that we are now 9 trillion or more in debt (and counting) the following comparisons might be helpful in illuminating just what IS a trillion.
I googled the question “what is a trillion?” and got a bunch of articles. One of them had this eye opening comparison:

1 million seconds = 12 days

1 billion seconds = 32 years

1 TRILLION seconds = 32,000 years!

It’s hard to get your mind around what a trillion is. We understand time fairly well so this gives us a good idea of the geometric expansion between a million, a billion and a trillion.

Think about it folks. We are being had in a monumental way!
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By JConrad March 26th, 2008 3:22 pm
And while the average American struggles many at the top of the food chain are doing very well for themselves.

During the five years from 2002 through 2006, Bear Sterns CEO James Cayne and the bank’s
four top executives were paid $620.8 M. The
five also reported a payout total of $296.4 M
from insider trading of company stock.

Wall Street’s five largest investment banks paid a record $39 billion in “executive bonuses” at the end of 2007. (Goldman Sachs, Morgan Stanley, Lehman Brothers, JP Morgan Chase Investment Bank and Credit Suisse Investment Bank.)

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