02/13/2009: "$787B Stimulus Bill Passed"
Senate Majority Leader Harry Reid was quoted by the AP as stating the $790 billion stimulus plan gives President Obama “a big victory, but not everything he wanted.”
The massive bailout and stimulus plan has set a lot of people wondering how to wrap their mind around an understanding of a trillion dollars.
Here are two of our favorite examples, and no matter how often we read them, we still find it hard to believe; anyway, here are in our opinion two of the best:
If your business lost a million dollars a day, day in and day out, 365 days a year, it would take 2,737 years to lose ONE trillion dollars.
Want to lose it faster? Reeling out a roll of one dollar bills while traveling at the speed of sound (767.58 mph) would be faster, but it would still take 14 years of listening to an around the clock sonic boom to come to the end of the roll.
Another interesting item on this subject: The Wall Street Journal pointed out on March 11, 2006 -with some concern- that "More than $2 trillion of U.S. mortgage debt, or about a quarter of all mortgage loans outstanding, comes up for interest-rate resets in 2006 and 2007..”
Want to call your federal elected official to tell them to spend more, or spend less, or spend in a different way, here is the contact information:
Senator Maria Cantwell 202 224-3441 Toll Free: 1-888-648-7328
Senator Patty Murray 202 224-2621 - Toll Free: (866) 481-9186
Congressman Rick Larson: Toll Free: (800) 562-1385
Senate Majority Leader Harry Reid (D-NV) 202-224-3542
Senate Minority Leader Mitch McConnell (R-KY) 202-224-2541
And the three Republicans who negotiated with the Democrats and voted to pass the bill:
Senator Susan Collins (R-ME) 202-224-2523
Senator Olympia Snowe (R-ME) 202-224-5344
Senator Arlen Specter (R-PA) 202-224-4254
The Washington State Department of Ecology has already launched a new website, "Economic recovery projects and Ecology," which makes it easy for stakeholders and the public to get the latest information on Ecology projects that are proposed for funding from federal and state stimulus plans. Here's a direct link:
The new page links from their "Economy and the Environment" web portal: http://www.ecy.wa.gov/economy.html