787 Billion Dollars (the amount of funds allocated in the recent stimulus bill) goes a long way, in case you were wondering. Here is what the number looks like when it is written out:
Yeah, that’s big. According to the Gartman Letter, here are some other things that the government could purchase with that kind of plata, instead of the myriad of dipsarate items contained in the current bill, which Congress passed without reading:
$787 billion would buy 4.6 million homes here in the US at the most recent median price of $170,300 for January 2008.
$787 billion would send a check for $2,623 to every man, woman and child in the US.
$787 billion would fund 7.7 million four year scholarships to the average private university in the US at current tuition rates.
$787 billion would fund 30 million full four year scholarships to the nation’s public universities.
$787 billion would buy 27.7 million cars at the average price of an automobile sold last year in the US.
$787 billion would fund four full months of a tax holiday in the US.
Interesting, no? Thanks to Jennifer Rubin for pointing those numbers out.
By the way, $787 Billion would buy 23 million Dodge Challenger R/T’s too, which is a pretty good, fast way to stimulate the economy, in my opinion. In Alpine White, of course.