Today the United States Senate is expected to approve the borrowing of nearly a trillion dollars which they don’t have. The United States taxpayers will eventually have to pay that money back with interest. Today’s Monday Morning Dobro is a Rory Gallagher tribute to that mindset.
Saw this article in the AJC this morning: http://tinyurl.com/d32y4y
To summarize, the article says that Georgia might get back $5 billion from the $800 billion stimulus package that President Obama is pushing right now. Seemed bad to me so I ran the numbers and you can judge for yourself.
$800 billion dollars divided by 50 states is $16 billion per state. This number won’t apply to every state but I live in Georgia and as the ninth most populous state I think it is a conservative estimate. So the stimulus package will cost Georgians $16 billion and we might get $5 billion back. Doesn’t sound very stimulating to me!
As a matter of fact it works out to a cost of about $1200 for every man, woman and child in the state of Georgia. So the next time a family in Georgia sits around the dinner table they can add up $1200 dollars a head to see how much our new president expects them to kick in for his stimulus package. Guess that’s what Obama meant by “spread the wealth”.