Change. Hope. A sassy, no-nonsense demeanor that gets the job done. All qualities exhibited by Tony Danza on Who's The Boss
. And, somewhat less importantly, by our President elect, Barack Obama.
What's that crazy Italian up to now? Why, Mr. Obama is planning a massive economic stimulus package
, the largest amount of money spent on the American infrastructure since Eisenhower bought the U.S. highway system from the French (known at the time as "Ike’s folly").
As someone who plans to live well into his forties, I'm a huge proponent of using green technologies as a way to put Americans to work. Just seems like good sense, as long as the Russians appear bent on keeping our nuclear weapons manufacturing sector limp and lifeless.
But I've got to say I'm baffled by the amount of money being discussed here. While Barack hasn't come up with an official number, Congress has estimated the package will be around 600 billion dollars. That's a lot of Jack In The Box tacos, my friends. About 1.2 trillion, by my count. Which, coincidentally, is how large the national deficit is (in money, not tacos).
But Obama is unfazed. Just like the nation seemed relatively unfazed when we spent a similar amount on bailing out Wall Street. Just like people are now talking about bailing out the auto makers. Which brings me to my question:
When did money become imaginary?
I know we’ve been headed this way ever since we went off the gold standard, but I seem to have missed the actual point at which the number of zeros on a check lost all real world significance.
I think it has something to do with “borrowing from the future,” which, if true, sounds like a great idea to me. After all,