For those of us challenged by so many zeros, that's about $13,000 per human being, ostensibly to be spent over the next 15 years.
For the US, that'd be a cost of ~$4.8tn, or, just over $300bn annually for the next 15 years. Spending that much would represent an increase of about 8% of the US government budget for 15 years, and have to be funded by raising taxes, cutting spending elsewhere, or borrowing.
On the plus side, it would all get injected into the economy and put many people to work (like some of those disenfranchised men who were a topic yesterday [and the disenfranchised women who apparently weren't] https://news.ycombinator.com/item?id=12649106 ). And it would hopefully thereby reintroduce inflation and the fed would raise interest rates so we could move back to a less abnormal economy. Unless, of course, that we're already in the new normal.
For the US, that'd be a cost of ~$4.8tn, or, just over $300bn annually for the next 15 years. Spending that much would represent an increase of about 8% of the US government budget for 15 years, and have to be funded by raising taxes, cutting spending elsewhere, or borrowing.
On the plus side, it would all get injected into the economy and put many people to work (like some of those disenfranchised men who were a topic yesterday [and the disenfranchised women who apparently weren't] https://news.ycombinator.com/item?id=12649106 ). And it would hopefully thereby reintroduce inflation and the fed would raise interest rates so we could move back to a less abnormal economy. Unless, of course, that we're already in the new normal.