paddy wrote:
ElC, my math is correct. Just write out the figures and drop the last six zeros and you will see.
1 Million 1,000,000
1 Billion 1,000,(000,000) Notice, it is 1 thousand million
1 Trillion 1,000,000,(000,000) Notice it is 10million million.My math is never wrong.
You are trying to do he same thing the polititions are doing and that is playing with statistics. Yes statistical analysis is very accurate, but then when you add in the probability factors of sociological impact, you're screwed.
$1000 x 1,000,000 = 1 Billion 1,000,(000,000)
Notice, it is 1 thousand million1,000,000 days is EXACTLY 2777 years and 280 days (using the 360-day year commonly used in accounting).
(If we used the actual 365 days - or 366 as needed - the amount of time needed would decrease even further.)
3000 years
x 360 days/year= 1,080,000 days
Thus:
$1000 per day
x 1,080,000 days= $1,080,000,000.00
If we were to use your example, we would be paying for almost another 223 extra years for an additional amount of $80,000,000.
If you like, I can also explain - step by step - why your example with $1,000,000,000,000 is also wrong. I can also explain - step by step - how the deficit can be paid off in approximately 10 years without changing US tax codes.
(In addition to a lawyer, you should also hire the services of an accountant)