Visualizing a Billion and a Trillion Dollars

ACADEME BLOG

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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About martinkich

I am a Professor of English at Wright State University's Lake Campus, where I have been a faculty member for more than 25 years. I have now served multiple terms as the President of the WSU chapter of AAUP, which now includes all full-time instructional faculty, and as the Vice-President of the Ohio Conference of AAUP. I have also served several terms as an at-large member of the Executive Committee of AAUP's Collective Bargaining Congress. In addition to serving as co-editor of the Academe blog, I am also a member of the editorial board of Academe and have been a guest editor for an issue of the magazine on collective bargaining strategies. As co-chair of the Ohio Conference's Communication Committee, I began to do much more overtly political writing during the campaign to repeal Ohio's Senate Bill 5, which would have eliminated the right of faculty to be unionized. I have sustained that activism, and at the risk of stating the obvious, I have very much enjoyed contributing to the Academe Blog and to our chapter blog. I also maintain several other blogs to which I have re-posted, by topic, my posts to the Academe blog, as well as some other items.

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