The US Government stimulus package of 787 billion US dollars ($787,000,000,000) divided by the US population of 304,059,724 equals to $2,588 for every American.
Signs which some economists currently call showing recovery are actually signs of increasing amounts of money being poured into the economy. The economy will be on its way of recovery only when Americans will have repayed this loan and generated some additional return on this investment.
When do you think will this happen and how? Here is a prediction for the Debt-to-GDP ratio:
Ratio of Federal debt held by public to GDP (blue), CBO baseline (green), Obama budget as scored by CBO (black), and CBO baseline minus stimulus package (red), by fiscal years. Source: econbrowser.com
And you have to agree that this doesn’t look promising at all.