Your plan doesn't cost 1.3 trillion, as far as I can figure. Yours would be 1,300,000,000,000, which is only 1.3 billion dollars. You'd need three more zeroes to get it up to a trillion. Three more zeroes would give every American 10 million dollars, and THEN your plan would cost 1.3 trillion (-:.

Hey, I'll take 10 million dollars, too!

Edit: Hmmm. "Oviously" you are one of those poor children who had to learn their mathematics via the New Math system. And your spelling through the New English system, maybe?

Let me give you a brief refresher course:
100 equals one hundred
1,000 equals one thousand
1,000,000 equals one million
1,000,000,000 equals one billion (in the US way of counting)
1,000,000,000,000 equals one trillion (in the US way of counting)

Now, stick THAT in your calculator and see what you get.
1,300,000,000,000 divided by
130,000,000
leaves you 10,000,000.

Poor baby; get a job. You'll need it. I hear McDonald's is still hiring, but with your math skills, I wouldn't be so ambitious.

The U.S. dollar, still the benchmark for world currency, has been declining in value the past several years. A detriment to U.S. consumers and U.S. companies that import products, the weakening dollar benefits some players in the global marketplace.

Current economic factors that may be signaling recessionary conditions in the U.S. economy and could undermine confidence of U.S. dollar-based assets include the downturn in housing, turbulence in the equity markets and job woes. Additional interest rate cuts by the U.S. Federal Reserve could further erode the return of investors as lower interest rates may produce additional inflationary pressures, lowering the dollar’s value. Also, continued budget and trade deficits tend to weaken the U.S. dollar.

The weak dollar is encouraging foreign manufacturers to set up factories in the U.S., bringing jobs and other economic benefits.

The U.S. has the biggest impact on the global economy and its monetary unit value, and fluctuation has the greatest effect relative to other currencies. The value affects company profits, budgeting and manufacturing costs. It has ramifications on capital investment, plant openings and closings. For example, some companies that have outsourced customer service and call centers to India have returned these centers to the U.S., since the weak dollar has eroded the cost benefits of operating overseas.

As you can see, International trade is detrimental to our domestic economy as it decreases the power of the dollar which in turn affects your ability to afford things at reasonable prices.

When factoring all this in to your dream of owning a home, Im sure you can see that asset purchases like a home can become out of reach for many.

The solution is for Americans to start consuming less and producing or rather innovating more.

Instead of spending $500 billion on developing an apocalyptic defense systems, money should be spend on providing access to education so we can 'create' value that others will have to depend on for sustenance thus creating jobs, strong industry, and a strong dollar.

Im sure you've been told what your grandfathers quarter could buy at the time…something to think about.

Good luck on your paper!

This is a very hard question to answer for me because I'm not sure if I should write additional explanations in economics. And, If yes, on how degree. For example, government spending can off-set economic leakages.

It's over 11 pm. It's time for me to go to sleep.

"Across the board I am seeing a significant slowdown."

Mr Buffett's analysis is supported by a string of data pointing to a contracting economy.

The latest figures show US manufacturing shrank at its fastest pace in almost five years while construction spending fell the most since 1994.

Scott Anderson, a senior economist at Wells Fargo, said: "The evidence is piling up that the economy is slipping into at least a mild recession.

"With the much higher food and energy prices and restricted credit, there are not a lot of avenues for consumers to continue to spend."

US home-building is in its third year of decline, and the collapse in housing is rippling through the economy as consumers pare spending and factories cut production.

The markets are betting the Federal Reserve will cut its benchmark interest rate by 0.75 percentage point at its March 18 meeting.

Fed chairman Ben Bernanke said last week the central bank, which has lowered the key rate by 2.25 percentage points since September, was ready to continue cutting borrowing costs if needed to stimulate growth.

He warned that risks to the outlook included "the possibilities that the housing market or the labour market may deteriorate more than is currently anticipated and that credit conditions may tighten substantially further".

Shares in Mr Buffett's main listed company, Berkshire Hathaway, rose 29 per cent in 2007 and about 4700 per cent over the past 20 years, six times the rise in the Standard & Poor's 500 Index.

Along with insurance operations and a stock portfolio valued at $75 billion, Berkshire owns businesses ranging from confectionery and residential property to utilities and corporate jet leasing, giving Mr Buffett an insider's perspective on the economy and finance.

In last year's annual letter to shareholders, he said his method was to "be fearful when others are greedy, and be greedy when others are fearful".

Source:
http://www.news.com.au/heraldsun/story/0,21985,23320376-664,00.html