President Obama signed the $787 billion economic stimulus bill into law. About $281 billion of the stimulus will go to new tax cuts with the remainder being spent on infrastructure investments, expanded unemployment benefits, and other programs.
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What could you spend $787 billion on?
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You can buy more than 222 billion Big Macs
Since many look to the Bic Mac index to understand exchange rates, it might help put the stimulus package in perspective. With the Big Mac currently worth about $3.54, the stimulus could purchase over 222 billion of the beloved burgers.
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WHAT'S THIS
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Tattoo Jim said...
$787 billion... hmm, let's see, we could give it back to the taxpayers who put it there and let them decided on how to spend or save it. It'll either get back to the banks in savings, or buy cars from the big 3, or more electronics, that will send it to Japan and other Asian countries and that helps the world economies, we could pay our mortgages off and save our own housing industry... or we could just let congress handle things like they've always done. We're screwed!!!
$787 billion... hmm, let's see, we could give it back to the taxpayers who put it there and let them decided on how to spend or save it. It'll either get back to the banks in savings, or buy cars from the big 3, or more electronics, that will send it to Japan and other Asian countries and that helps the world economies, we could pay our mortgages off and save our own housing industry... or we could just let congress handle things like they've always done. We're screwed!!!
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I like the phrase "Screwed and Tattooed"
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