“Let’s pause a moment to think about how much $1 trillion really is. Such large-scale economic matters are often discussed in terms of trillions, but how many people really understand how much a trillion is?Let’s say you've been told you have to wait for something very special for one million seconds. How long would your wait be? A little more than eleven and a half days. But what if you had to wait for one billion seconds? Well, you’d be waiting a little longer: try almost thirty-two years.And for one trillion seconds? We’ll round it off to 31,700 years.”
“The Social Security system is a $75 trillion problem. Again, just to give you a sense of scale: Let’s say you started a business the day Jesus Christ was born. Let’s say you weren’t exactly a good businessman, and your business lost a million dollars every day—right through yesterday. How much longer would it take before your losses added up to $1 trillion? About 718 more years should do it, give or take a few months. And that’s just one trillion. Multiply that by seventy-five, and you have the size of the Social Security problem. That’s the amount it would take to fully fund Social Security for all current workers and retirees. To realize the magnitude of the problem we’re facing, consider the fact that the total of all wealth in America is about $60 trillion. We could confiscate every item of value from every American household, including cash and investments, and apply the value to the problem—and still not have enough money to fund Social Security fully.”
“It's just a playing field crammed full of cause and effect, billions of dominoes, each knocking over billions more, setting off trillions of actions every second.”
“To put a trillion dollars in context, if you spend a million dollars every day since Jesus was born, you still wouldn't have spent a trillion.”
“If "the Nature Cruise of the Century" had come off as planned, the division of duties would have been typical of the management of so many organizations a million years ago, with the nominal leader specializing in sociable balderdash, and with the supposed second-in-command burdened with the responsibility of understanding how things really worked, and what was really going on.”
“The underground economy. Our present complex tax code allows—even encourages—people to go “under the radar.” How bad is this problem? Well, estimates are that the underground economy—those dealing in illegal or illicit behavior such as drugs or other off-the-books labor—amounts to between $1.5 trillion and $3 trillion per year.”