Visualizing a Billion and a Trillion Dollars
Any budget number can be made to sound exorbitant if doing so serves a political purpose. But the scope of our governmental budgets, as well as the scope of our economy, has long exceeded the ability of most of us to grasp the numbers—both viscerally and intellectually—in any meaningful way. Given the new administration’s penchant for making large numbers sound negligible and small numbers sound huge, it seems especially important for everyone to appreciate the differences between millions, billions, and trillions of dollars.
For instance the total spending on the NEA and the NEH in 2016 amount to just under $296 million, which sound like an enormous amount of money. But it is just .18% of the $4.1 trillion federal budget (that is, less than one fifth of one percent), and 1.97% to 1.18% of the projected $15 to $25 billion projected cost of constructing a wall along the border…
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