My 14 year old is interested in the current credit crisis. He couldn't quite comprehend how much bigger billions of dollars are than 100's of millions. He knows now! LOL!
I showed him how BRK bought the Intimates division of VF Corp for 300 million for Fruit of the Loom. Using that as an example, I said, "man, that's a lot of money, right?"
His reply was "right."
But, when you figure BRK has 30+ BILLION in cash, they only had to use 10% of that to buy an entire company!
Yeah, now he knows the difference. And I think that's how government gets away with spending so much. If a politician wants to spend, say 900 million on additional wellfare programs, they could get it passed by their constituents easier by adding 100 million to it so it's ONLY 1 Billion. At first glance, 1 Billion doesn't look nearly as menacing as 900 Million.
Especially when the powerball lottery is only 15 Million! LOL!
