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SATURDAY, NOVEMBER 7, 2009
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 ANALYSIS 
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$700B Goes a Long Way in Space—and on Earth

Bailout bucks could fund 7 space stations, pay salaries for 16M teachers

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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.

The bailout could buy 3,684 more de Young Museums for San Francisco, based on the current version's $190 million price tag.
The bailout could buy 3,684 more de Young Museums for San Francisco, based on the current version's $190 million price tag.   (©-Marlith-)
The $700 billion Wall Street bailout could buy seven more international space stations, calculates the
The $700 billion Wall Street bailout could buy seven more international space stations, calculates the "San Francisco Chronicle."   (AP Photo)
The US could hire more than 16 million public school teachers with the money going to bail out financial institutions.
The US could hire more than 16 million public school teachers with the money going to bail out financial institutions.   (AP Photo)
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education • International Space Station • Iraq war • student debt • Afghanistan war • single-family homes • Hubble Space Telescope

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