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Showing posts from July 31, 2011

The Financial Perspective of the Arts

The approximate total budget in the USA for all arts organizations including all ballet companies: $770,000,000. Per year. 
The approximate daily interest on the Nat'l debt: $1,200,000,000. Per day. 
As a percent of the overall $14,600,000,000,000 economy, all arts organizations including all ballet companies total to 0.000053% of all activity. That's 5 hundred-thousandths of 1 percent. For this .000053% of the economy, far more college scholarships, lifetime careers, and strong improvements in child development are leveraged than from any other part of the economy in real terms regardless of the huge discrepancy in funding between them.  Any way you slice it, the arts are by far one of the best investments for anyone's money if future prosperity is valued. These are truly historic times.Sources:National Endowment for the Arts, National Debt Clock, CIA Factbook