Tuesday, October 28, 2008

Pay both World Series teams for the next 20,000 years

For the price of the Iraq War, we could pay both World Series baseball teams for the next 20,000 years.  

The two teams in the World Series this year are the Tampa Bay Rays and the Philadelphia Phillies.  Philadelphia has a payroll of $95.5 million, while Tampa Bay has one of the lowest payrolls in the Major Leagues at $43.4 million.  Paying both teams for the next 20,000 years would cost $2.78 trillion, or $220 billion less than Joseph Stiglitz and Linda Bilmes' estimate of $3 trillion for the total cost of the Iraq War.

Thanks to reader Johanna Franklin for sending in this suggestion with calculations.