Friday, February 20, 2009

What the Stimulus Money Could Buy

Wonderful information courtesy of Boston.com:

According to campusexplorer.com, there are about 1,509,180 elementary school teachers in the US, who are paid an average salary of $45,570 per year. The stimulus could pay every elementary school teacher's salary for 11 years.

The stimulus package could pay off the $550 billion in outstanding student loan debt in the United States, and still have $237 billion left over.

Forbes magazine estimated that the Celtics were worth $447 million last year. With the stimulus funds, you could buy the Celtics about 1,760 times.

With all but six of the state's 100 top-paid workers employed at the University of Massachusetts, the stimulus could pay one the university's highest earner (Derek Lovely rakes in $613,065.44 as associate dean of the College of Natural Resources and the Environment) for the next 1,283,713 years.

Since many look to the Bic Mac index to understand exchange rates, it might help put the stimulus package in perspective. With the Big Mac currently worth about $3.54, the stimulus could purchase over 222 billion of the beloved burgers.

0 comments: