What Else You Could Spend $700 Billion On
In the new issue of TIme magazine coming on Friday, the magazine crunches some numbers and reveals what people could do with $700 billion:

• Give every person in the U.S. $2,300, or give every household $6,200
• Pay the income taxes of every American who makes $500,000 or less a year
• Fully fund the Defense, Treasury, Education, State, Veterans Affairs and Interior departments next year, as well as NASA
• Buy gasoline for every car in the U.S. for 16 months
• Buy every NFL, NBA and Major League Baseball team and build each a new stadium—and pay all your players $191 million for a year.
• Create the 17th largest economy in the world—roughly equal to the Netherlands’
• Buy gasoline for every car in the U.S. for 16 months.
• You could finance the National Institutes of Health, the nation’s premier medical research institute, for 20 years.
• You could pay the salaries of 22 million average Americans for one year.
• For one year, you could pay the health care bills of the more than 85 million seniors, disabled people, children and low-income Americans enrolled in Medicare and Medicaid.
• You could pay off all the outstanding student loans in the United States (from both government and private lenders) and still have $150 billion to give to current college students.
• You could pay off 7% of the $9.8 trillion (and growing) national debt.