Well, personally I think that it is a hellva lot of money.
According to Live sciences, were the full article is..
Last night the news said that South Africa's national debt was at $5.5 Billion, so if the Yanks gave us 8% of the $700 Billion as an interest free loan - I say interest free, because we'll pay it back - they won't get $700 Billion paid back too quickly, seeing that their debt already stands at $9 Trillion.Based on the U.S. Census Bureau's estimate of the current population of about 305 million people, each person would have to pay $2,300 to fund the $700,000,000,000. If each American (including children) paid a dollar a day, it would take more than six years to pay the money in full. One might argue, however, that this $700 billion would be a modest splash in the bucket of national debt, which already stands at well over $9 trillion (which means Americans already owe $31,642 each).
Do you think getting this money would make a difference in this country?