Archive for February, 2009

Economy 101: A Lesson for Fans of the Stimulus Package

7th February 2009 by Katie Favazza Comments Off

One of my mom’s best friends sent this to me, and I couldn’t resist sharing it here: “You cannot legislate the poor into freedom by legislating the wealthy out of freedom. What one person receives without working for, another person must work for without receiving. The government cannot give to anybody anything that the government does not first take from somebody else. …

If I Had $1.273 Trillion Dollars

5th February 2009 by Katie Favazza 3 Comments

The Senate is expected to vote on their version of the so-called stimulus bill this afternoon. According to the Republican Policy Committee, this bill is expected to cost the American people $1.273 trillion dollars. That’s $1,273,000,000,000.00. Setting aside the questions of whether it’s right or wrong for the government to consider a stimulus at all, we can all agree that this is an obscene amount of money. Perhaps you’ve daydreamed about how you would spend $1 million dollars. But a billion? A trillion? Those are numbers we just don’t understand. Perhaps the band Barenaked Ladies can help.