In pure Keynesian style, President Obama has been given US$787 billion for the US for the national stimulus package, possibly rising to a cool trillion bucks. Now this is serious money and could do a lot of good, but only providing it´s spent wisely. The British National Health Service is crap despite money being poured into what should have been a world bastion of government institutions.
Time magazine calculated the following worth stats of a trillion dollars:-
Buys every person in the world a Starbucks frappuccino for 37 straight days
Every person in the US could receive US$3,273
Each person in the US could receive 1000 boxes of Girl Scout cookies
A stack of a trillion one dollar notes stacked would be equal in height to 144 Mount Everests
What would you do with the money?
"WASHINGTON: President Barack Obama on Thursday unveiled a 663.7 billion dollar defence budget, up a modest 1.5 percent on 2009...."
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Well done, Obama. That's change!
The US are rich and don´t seem to mind raising the national deficit.
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