Cross-posted at www.fiscalaccountability.org:
This is amusing and scary at the same time:
Econ4You.com recently conducted a poll asking how many millions there are in a trillion. 21 percent of respondents got the answer right – and were possibly aided by the fact that it was a multiple choice question with five optional answers.
Respondents asked in front of the White House fared worse without the options given to them. Check out this video:
As amusing as this is, it may also explain why government gets away with spending trillions of our tax dollars – when you talk about millions, and maybe even billions, people can still grasp the concept, however once you venture into the trillions, you have lost them…