However, with the Yankeefication of British things the English have started to use the American definition now, instead of the English one.
You are paying interest on every dollar that your government borrows from the Federal Reserve Bank. The bank that is not federal and has no reserves.
A Billion is a difficult number to comprehend. The next time you hear a Politician use the word "Billion," casually --- think about whether or not you want the politician spending your tax money.
A Billion is a difficult number to comprehend, but one advertising agency did a good job of putting that figure into perspective in one of its releases.
A Billion Seconds ago -- it was 1973.
A Billion Minutes ago -- Jesus was alive.
A Billion Hours ago -- our ancestors were living in the Stone Age.
A Billion Days ago -- No-One walked on two feet on earth.
A Billion Dollars ago -- was only 8 hours and 20 minutes, at the rate our government spends it.
If you could travel back in time to the birth of Christ, the beginning of the Gregorian calendar, and could set aside $1,350,000 ($1.35 million) every day of every week, every day of every month, and every day of every year right up to today - you still wouldn't have enough to pay off the over two trillion dollars George W. Bush has increased the national debt since he took office.
U. S. National Debt Clock http://www.toptips.com/debtclock.html
National Debt History for prior fiscal years. Years 1900 thru 2003 http://www.toptips.com/debt_history.htm
US National Debt by Presidential Term, Percentage of GDP, 1976-2004 http://www.skymachines.com/US_National_Debt_Per_Capita_Percent_of_GDP_an... sident_1976-2004. htm
Interest on the National Debt http://www.geocities.com/cmcofer/interest.html
Cost of the War in Iraq http://www.costofwar.com/
http://jahtruth.net/greeneco.htm