Will Ottawa borrowing $100 million more produce more benefits than leaving the money with Canadians to spend?
William Watson: 1,000,000,000,000
One followed by 12 zeroes. A trillion. Or, if you like, a thousand billion. Or, the one I find most impressive, a million million.
We used to talk billions in fiscal policy. Now, increasingly, we talk trillions. U.S. President Joe Biden’s proposed COVID package is US$1.9 trillion ($2.4 trillion), though the Wall Street Journal argues only a measly US$825 billion is even remotely related to COVID, the rest being progressive visioning made flesh.
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