health care reform - some of the costs

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HOW MUCH IS ONE MILLION DOLLARS ??? THE GOVERNMENT DEALS IN $ MILLIONS, BILLIONS, and TRILLIONS $ It can be hard to grasp how much money we are really talking about ! In terms of jobs: A company pays an employee $62,000 per year for salary, vacation and benefits, then: $1 Million can employ 16 people for 1 year (or 1 person for 16 years) $1 Billion can employ 16,000 people for 1 year (or 1,600 people for 10 yrs) $1 Trillion can employ 16,000,000 (16 million people) for 1 year Enough to keep ever man woman and baby (if they could work!) in New York City employed for almost 2 years ! (pop. About 8.4 million)

Verizon Communications Inc. $970 million OVER 15,600 JOBS : 

Verizon Communications Inc. $970 million OVER 15,600 JOBS Using $62,000 per employee for pay and benefits

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Ingersoll-Rand$41 million OVER 660 JOBS Using $62,000 per employee for pay and benefits

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Carpenter Technology$5.7 million OVER 90 JOBS Using $62,000 per employee for pay and benefits

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CNH Global NV$20 million OVER 332 JOBS Using $62,000 per employee for pay and benefits

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3M $85 million OVER 1,370 JOBS Using $62,000 per employee for pay and benefits

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Exelon Corp.$65 million OVER 1,000 JOBS Using $62,000 per employee for pay and benefits

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Carpenter Technology$5.72 million OVER 90 JOBS Using $62,000 per employee for pay and benefits

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Lockheed Martin$96 million OVER 1,500 JOBS Using $62,000 per employee for pay and benefits

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Valero Energy$20 million OVER 320 JOBS Using $62,000 per employee for pay and benefits

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John Deere$150 million OVER 2,400 JOBS Using $62,000 per employee for pay and benefits

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Boeing$150 million OVER 2,400 JOBS Using $62,000 per employee for pay and benefits

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Caterpillar$100 million OVER 1,600 JOBS Using $62,000 per employee for pay and benefits

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Prudential Financial$100 million OVER 1,600 JOBS Using $62,000 per employee for pay and benefits

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Xcel Energy$17 million OVER 270 JOBS Using $62,000 per employee for pay and benefits

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Goodrich$10 million OVER 160 JOBS Using $62,000 per employee for pay and benefits

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AK Steel Holding$31 million 500 JOBS Using $62,000 per employee for pay and benefits

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Honeywell$15 million OVER 200 JOBS Using $62,000 per employee for pay and benefits

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Allegheny Technologies$5 million OVER 80 JOBS Using $62,000 per employee for pay and benefits

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Illinois Tool Works$22 million OVER 350 JOBS Using $62,000 per employee for pay and benefits

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CMS Energy$17 million OVER 270 JOBS Using $62,000 per employee for pay and benefits

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Eaton Corp.$25 million OVER 400 JOBS Using $62,000 per employee for pay and benefits

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Brush Engineered Mat.$20 million OVER 20 JOBS Using $62,000 per employee for pay and benefits

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Exelon Corp.$65 million OVER 1,000 JOBS Using $62,000 per employee for pay and benefits

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Hartford Financial$20 million OVER 320 JOBS Using $62,000 per employee for pay and benefits

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Eli Lily$188 million OVER 3,000 JOBS Using $62,000 per employee for pay and benefits

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AT&T$1 BILLION ! ! OVER 16,100 JOBS Using $62,000 per employee for pay and benefits

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3M IS The first of many companies to stop giving health insurance to retired employees due to the new O’Bama Care reform. 23,000 RETIREES will be forced into the Government Insurance exchange which has not been set up and whose benefits are not even known !