$700B Goes a Long Way in Space—and on Earth

Bailout bucks could fund 7 space stations, pay salaries for 16M teachers
By Will McCahill,  Newser Staff
Posted Oct 5, 2008 6:03 AM CDT
The bailout could buy 3,684 more de Young Museums for San Francisco, based on the current version's $190 million price tag.   (©-Marlith-)
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(Newser) – With the Treasury Department now in charge of figuring out what holes to plug with its $700 billion in bailout bucks, the San Francisco Chronicle takes a look at what else that money could do. Some highlights:

  • Hire 16,062,414 public-school teachers.
  • Pay the average weekly wages of 22 million Americans for one year (based on Department of Labor’s figure of $612 per week).

  • Buy 3,467,063 single-family homes, based on a median price of $201,900. (For the pricier Bay Area, it would be 1,130,856 homes at $619,000 each.)
  • Pay back $550 billion in outstanding student debt.
  • Fund seven more years of the wars in Iraq and Afghanistan, plus cover the Army’s annual budget.
  • Buy 70 more Hubble-style space telescopes, or seven more international space stations.