From The Boston Globe
By James Carroll

How much is 700 billion? The mind registers the number with such imprecision as to make it meaningless. One blogger proposed this way of grasping the figure: As a stack of $100 bills, it would reach 54 miles high. But who can imagine that? On the other hand, someone at the Smithsonian once calculated that counting to one billion, at the rate of one digit per second, would take 30 years. By that scale, counting to 700 billion would take 21,000 years.

Come again? That stretch of time takes us back to the cave painters of Lascaux, the glacial age, the last Neanderthals. The mind is not helped.

By a nice coincidence, though, the financial rescue package of $700 billion duplicates a number that was also in the news last week - the Pentagon budget. In the fiscal year just beginning, the Defense Department will spend $607 billion on normal military costs, and an additional $100 billion on the wars in Iraq and Afghanistan. (As of June 30, 2008, Congress had appropriated $859 billion for the wars; Congressional Budget Office projections assume further costs of $400 billion to $500 billion as the wars wind down). But for the coming year, $700 billion is the Pentagon’s nice round number (this includes neither Homeland Security nor intelligence costs).

Step back. All of last week’s hand-wringing hoopla over the emergency bailout stands in stark contrast to the utter indifference with which politicians approved an equivalent layout for the military - an approval so routine that it was ignored in the press and by the public.

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