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 What can $7 billion buy? |
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Major General
Posts: 12,683
Join Date: Jan 2002
Location: Calgary
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What can $7 billion buy? -
10-23-2003, 11:57 PM
Budget surplus
Justin Thompson, CBC News Online | October 22, 2003
Finance Minister John Manley announced that Canada's budget surplus for the fiscal year 2002-2003 was a whopping $7 billion. The entire amount, he said, will go toward paying down the national debt – keeping it to a projected $510.6 billion by the end of the fiscal year. A noble decision, indeed. On the other hand, this is Canada's sixth straight budget surplus, and debt payments aren't the most exciting way to spend $7 billion. The CBC's Justin Thompson did some window-shopping to see what else Manley could blow the money on.
An embarrassment of riches?
Here's what $7 billion will buy:
A one-time payment of $221.31 to every Canadian citizen.
58,333,333,300 Timbits ($0.12 apiece).
135,295,766 of "the most luxurious (Canadian flags) available" at Canadian Tire ($51.74 apiece after tax).
Every team in the NHL ($6.4 billion), not including player salaries.
23,728,813 hand pumps, each capable of providing an entire village with water, according to UNICEF ($295 apiece).
Another 2,046 senators for 30 years (assuming they don't get tired of their $114,000 base salary and vote themselves a raise).
Canada's national identity card plan (according to an Oct. 2003 Commons committee report)
The National Bank of Canada (Canada's sixth-largest)
13,589 Saleen S7 supercars – the world's most expensive at $515,099.75 apiece. *Freight, admin., lic. and taxes not included.
140 Bombardier Challenger 604 jets at $50 million apiece, the price the Chrétien government paid for two such jets in 2002.
(For those who are a little more shrewd, the money would buy 256 used Challengers, although they would be the 2001 model).
The Canadian Pacific Railway, with a share price value of $5,505,253,093 on October 22, 2003. That would leave enough to buy the Canadian NHL teams for a little over $1 billion.
The 7 most valuable franchises in the NFL (you'll have to secure a loan for the remaining 25).
320,512,821 Gordon Lightfoot Greatest Hits albums (at $21.84 after tax from HMV)
Or just an embarrassment?
As much as $7 billion is, it's chump change compared with:
Annual interest charges on the debt – $37.2 billion (2002-2003)
The $15 billion cash infusion called for by the Romanow Report on health care (2002).
The net worth of Kenneth Thomson and family – $18 billion
The net worth of Bill Gates – $53 billion
The price of a single Nimitz-class nuclear aircraft carrier. According to the U.S. navy, each one costs $30 billion over its lifetime to acquire, operate, support and deactivate. That doesn't include aircraft.
Happiness - priceless
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 holy shit... |
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Senior Member
Posts: 2,372
Join Date: Jan 2002
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holy shit... -
10-24-2003, 01:25 AM
damn... 7 billion haha....
Oh man can you imagine what we could do with 7 billion split for all of us?
HAHA i`d still get hella shit...
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 Re: holy shit... |
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Senior Member
Posts: 2,294
Join Date: Jun 2002
Location: South Side Chicago *GO SOX | BEARS | ILLINI*
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Re: holy shit... -
10-24-2003, 01:53 AM
Quote:
Originally Posted by Swill1496
damn... 7 billion haha....
Oh man can you imagine what we could do with 7 billion split for all of us?
HAHA i`d still get hella shit...
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rolleyes: lol you would?
i would give 3 billion to charity, and 3 billion to schools. then i would buy the presidency for 1 billion. then i would get impeached, and thrown in jail due to lack of funds for an attourney stupid:
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Senior Member
Posts: 5,158
Join Date: Jan 2002
Location: Gatineau, Qc, Canada
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10-24-2003, 03:01 AM
7 Billion dollars ? I'd say the_finger: to everyone and buy my own little
paradise, inviting a few folks and the cutest girls to form... Blisstonia! ;-)
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1st Lieutenant
Posts: 4,435
Join Date: Jan 2002
Location: American't
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10-24-2003, 06:46 AM
[quote:14bac]A one-time payment of $221.31 to every Canadian citizen. [/quote:14bac]
i would have settled for that, i could use a few hundred buck
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Senior Member
Posts: 1,495
Join Date: May 2003
Location: here
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10-24-2003, 07:43 AM
7 billion....hmmm.....A mansion that would shock celebs, OC Connection Till I DIE! i will not have a computer room....but a computer Floor.....the 3rd floor of my mansion will be One of the biggest Home Networks that ever excisted.....when a computer breaks.....move to the next rock:
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Administrator
Posts: 17,739
Join Date: Apr 2002
Location: Camp Crystal Lake
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10-24-2003, 08:11 AM
Go for the Timbits, man...the TIMBITS!!! Especially the sour cream glazed ones...ooooh baby!!! biggrin:
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Major
Posts: 6,413
Join Date: Mar 2003
Location: University of Guelph
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10-24-2003, 08:21 AM
Quote:
Originally Posted by Zoner
Go for the Timbits, man...the TIMBITS!!! Especially the sour cream glazed ones...ooooh baby!!! biggrin:
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Timbits > all
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Senior Member
Posts: 628
Join Date: May 2003
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10-24-2003, 09:07 AM
I'll get that money and turn Canada into an empire recruiting all the poor mercenaries and crazy rebel/terrorists soldiers for cheap prices. And invade the world muhahahah!!!!!! mwah:
*sigh*
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1st Lieutenant
Posts: 4,235
Join Date: Dec 2002
Location: Austell, Ga
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10-24-2003, 11:03 AM
I'd pay my tithe's and give all the african americans their reperations check...............................
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Sergeant
Posts: 1,308
Join Date: Jun 2002
Location: Charlotte NC, US
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10-24-2003, 11:24 AM
Wow 7 billion....could use that right now lol
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Senior Member
Posts: 1,266
Join Date: Apr 2002
Location: Houston, TX
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10-24-2003, 02:30 PM
- about 6 B2 bombers
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Brigadier General
Posts: 10,721
Join Date: Apr 2003
Location: C-eH-N-eH-D-eH eH?
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10-24-2003, 04:05 PM
ATi technologies Ltd or if I didn't have enough for that... Savage will do.
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Corporal
Posts: 899
Join Date: Jun 2003
Location: Land of opportunity
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10-24-2003, 05:04 PM
Quote:
Originally Posted by Zoner
Go for the Timbits, man...the TIMBITS!!! Especially the sour cream glazed ones...ooooh baby!!! biggrin:
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what the hell is a timbit?
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Major General
Posts: 12,683
Join Date: Jan 2002
Location: Calgary
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10-24-2003, 05:11 PM
I knew someone would ask this question.
A timbit is the inside of a Tim Hortons Donut.
[img]http://www.cbc.ca/news/background/budget/gfx/timbits.jpg[/img]
Timbit
[img]http://globaldesignandconst.com/clients/client2/images/mvc-008f.jpg[/img]
Tim Hortons
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