The stimulus package is close to 1 trillion dollars. I read a good article that put into perspective how much $1,000.000.000.000 really is. Did you know that if you spent $1,000,000 every single day since the birth of Jesus Christ, you would have only spent about 3/4s of a trillion dollars!!!??? That is an insane amount of money. Here is the link to the article:
http://www.cnn.com/2009/LIVING/02/04/trillion.dollars/index.html?eref=rss_topstories
Another side note- I watched a talk from Bill Gates that he just gave over the weekend at the TED conference. The conference is very, very liberal; the curator of the conference even read a quote from John Maynard Keynes as a kind of pick-me-up. Anyways, during the Q&A, Bill Gates simply said that spending enormous amounts of money is not going to get us out of our financial problems. All it will do is make the problems worse and push the day of reconciliation further down the road.
Here is a conference where 99.9% of the attendees fully support huge government spending. And the richest man in the world walks in and says, no, you have it wrong. It wasn’t his main point; he kind of said it in passing, but it was clear what he said.
Last 3 posts by Eric
- Social Security Finally Bankrupt? - February 4th, 2010
- Business Cliches - January 15th, 2010
- Conan O'Brien - January 12th, 2010
I keep hearing the media run sound bites like, “if Congress doesn’t pass the stimulus bill…Obama says this country will fall into a financial state that it will never recover from.”
Um….really? Can you really make such bold statements? I’m no expert, obviously. But I think there are ways for nature to take it’s course and for our country to get back on its feet…and it starts by letting the chips fall where they may and by NOT intervening. You know, many of those people supporting the stimulus package are the same people who gripe about how we humans have messed up our ozone layer and environmental state because we’ve intervened and tried to change things in an non-organic way. Well, let’s practice what you preach and stop practicing non-organic financial principles.
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