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Comment by Aaron Stichter
Entered on:
This is a great article by Ron Paul.

I am always interested in how the figures of the costs are calculated for every man woman and child. This article references an $825,000,000,000 stimulus bill and calculates it will be $6,700 debt burden for each American. I referenced this number to a colleague who said it was incorrect. So I calculated it using 300,000,000 as the population and I only compute $2750.

Population source: http://www.census.gov/main/www/popclock.html

I would like to be able to accurately quote numbers from well written articles such as this, especially those that speak of the $50 Trillion future debt promises we have coming at us.


Comment by Brock Lorber
Entered on:
AnAJLibertyLover, $6,700 per person is based on the cash value of the bill. Since the gov doesn't have $825 billion to spend, it has to borrow it, and pay interest.

The future value of $825 billion at 3% is over $2 trillion. You can find that value by multiplying the $825 billion by the future value of $1 (30-year @ 3% is 2.42726). The future value of $825 billion is $2.002 trillion, or $6,674.97 per capita (at 300 million population).


Comment by Brock Lorber
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I'm sorry, $2,750 is based on the cash value. The future value is $6,700.


Comment by Aaron Stichter
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Thank You Brock!

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