Word: trillion
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...Trillion-Dollar Question Michael Grunwald wrote in "How to Spend a Trillion Dollars" [Jan. 26] that if the government gives money away to stimulate the economy, it should target "people who can't afford to save it ... that's why Obama is pushing a permanent $500-per-person credit on payroll taxes for every worker making less than $200,000 a year." Was that sarcasm? Frank Humphreys, DUBLIN...
...President Robert Mugabe. Although the political turmoil may be over, Zimbabwe faces a cholera epidemic, mass hunger and hyperinflation. The central bank has said it will permit the use of foreign currency and announced on Feb. 2 that it would chop 12 zeros off new notes, making an old trillion-dollar bill equal to one new Zimbabwean dollar...
...economy quickly, attract bipartisan support and let Congress work its will. So it's not clear how hard he'll push to fund his long-term agenda. But he should ignore the partisan gripes that the stimulus is becoming a "Christmas tree." Congress is about to toss almost $1 trillion into the economy, which means that any stimulus is going to be a Christmas tree, no matter where the gifts are hidden. And in November, the U.S. chose its Santa. This is his best chance to decide who gets the goodies and who gets the lump of coal...
...Obama aides held multiple meetings with committee staffers and their bosses, but in the end, the bill was written on the Hill. "They did a good job of really deferring to Congress," says one pleased senior Democratic aide involved in the bill's creation. (Read "How to Spend a Trillion Dollars...
...that may not have been an option. For one thing, congressional staffers may be the only people in America with the dubious skill of being able to move nearly a trillion dollars into the national economy in a hurry. And Hill staffers claim that Obama needed the leaders of the various committees to tell him what the bill required to garner enough votes to pass. Either way, the fact that the bill is the product of free-spending congressional committees is likely to hurt Obama. It is defining his first major effort to fix the economy...