A municipality in Cáceres (center-west of Spain) formed by 3 towns had 15,000€ prepared for summer festivities... Money destined to bull fighting. The major of the district had a better idea: use these 15.000€ to hire (temporarily) some workers, alleviating the area unemployment. The result?
- Town A: 242-181 for unemployment (40% of citizens voted)
- Town B: 47-126 for bull fighting (27% of citizens voted)
- Town C: 19-76 for bull fighting (27.6% of citizens voted)The paper interviewed some people. The opinion of a citizen of town A is that "festivities are two days and invoices are due all year long". The opinion of 3 17-year old girls (town unnamed) is that "they are too young to work and they enjoy a lot the acts".
We administer public money, and public money is nobody's money.
- The GDP (nominal) of Spain is 1,400,000,000,000 (that's 1.4 million millions) euro. So Bankia's bailout is equivalent to 1/56th of the total GDP.
- Spanish government revenue is 515,000,000,000 (that's 515 thousand millions) euro. Bankia's bailout is ~ 1/20th of the total revenue. BUT
- Spanish government expenses (as of 2010) were already 616,000,000,000 (yes, 616 thousand millions.)
- NASA's budget is 14,250,000,000 (14.25 thousand millions) euro. Almost half of it.