Warning: include(/home/annezook/public_html/sidebar.php) [function.include]: failed to open stream: Permission denied in /home/annezook/public_html/archives/003395.php on line 106

Warning: include() [function.include]: Failed opening '/home/annezook/public_html/sidebar.php' for inclusion (include_path='.:/usr/lib/php:/usr/local/lib/php') in /home/annezook/public_html/archives/003395.php on line 106
May 23, 2008
Inflation Can Be Fun!

It's Friday, so it must be dinking around time.

Baseline year 1980:

Cost of a 1980 first-class stamp: $0.15
That's 42 cents in today's money, so the USPS is right on target!

Cost of a 1980 gallon of regular gas: $1.25
That's 3.57 in today's money

Cost of a gallon of 1980 milk: $1.69
Adjusted for inflation, that's $4.82
Actual price today: $3.13
Poor dairy farmers.

The national debt in 1980 was about: $914,000,000,000 or 914 billion.
In today's money, that's going to be: $2,612,000,000,000 (rounded) or 2.612 trillion

Which sounds bad enough, but thanks to certain lunatic politicians, the national debt is actually $9,200,000,000,000, or a whopping 9.2 trillion.

What was the national debt in 2000, when GB arrived? $5,700,000,000,000 (5.7 trillion). He and his buddies have added $3.5 trillion to the mess.

What comes after trillion? Bazillion, right? And then gazillion.

And then my head explodes.


Tom's Inflation Calendar

Posted by AnneZook at 08:27 AM