OK, so this Cash for clunkers program has a billion dollars in it...
That's 1,000,000,000. 1, with 9 zeros behind it.
For comparison, a million is 1,000,000. 6 zeros.
A million is a thousand thousand. At least here in the US. The Brits have a different idea, but we ain't talking about their math...
1,000 X 1,000 = 1,000,000. This is 5th grade math.
Likewise, a billion is a Thousand Million:
1,000 X 1,000 X 1,000= 1,000,000,000.
So then- I just saw where there's been 27,282 cars sold under this program.
Let's assume each car sold took the max benefit under the program (they didn't- it's a tiered approach. But let's keep the math simple, and be generous. It's only money!)
22,782 X 4,500 = 102,519,000.
Or, said in word: One hundred and two million, five hundred nineteen thousand dollars.
Which means there's roughly 898 million dollars left.
But they say the program is brooke already. WTF?