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Wednesday Weekly Webcast a/k/a Stimulus Stinkers
By Jeremy | February 4, 2009
Stimulus Stinkers
Notwithstanding President Obama’s pledge to leave earmarks out of the proposed $800+ Billion stimulus bill, the House version is full of dead weight. The Wall Street Journal documents a few of the more fatty cuts of Pelosi Pork.
Bonus Video
+ “Numb and number: Is trillion the new billion?” With the national debt exceeding $10 trillion, and the recent passage of a $700 billion bank rescue and proposed $800 billion-plus stimulus package, have we become numb to the numbers?
“To put a trillion dollars in context, if you spend a million dollars every day since Jesus was born, you still wouldn’t have spent a trillion,” McConnell said. …
Here’s another way to look at it.
“A million seconds is about 11½ days. A billion seconds is about 32 years, and a trillion seconds is 32,000 years,” Paulos said. “People tend to lump them together, perhaps because they rhyme, but if you think of it in terms of a jail sentence, do you want to go to jail for 11½ days or 32 years or maybe 32,000 years? So, they’re vastly different, and people generally don’t really have a real visceral grasp of the differences among them.”
Topics: barack obama, economics, economy, news, politics, stimulus, webcast | No Comments »
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