Did Ronald Reagan do a demonstration that showed a stack of one million dollars and then describe how big a stack of one billion dollars would be? I believe he would have used hundred dollars bills.
I am a complete idoit. Could one of the mods change that from Reagnn to Reagan.
On Feb 18, 1981 (about a week or two before he was shot, wasn’t it?):
“President Reagan warns a joint session of Congress that the national debt is approaching $1 trillion. “A trillion dollars,” he explains, “would be a stack of $1,000 bills 67 miles high.””
http://www.quickchange.com/reagan/1981.html
It’s also mentioned in passing at these sites:
http://www.pbs.org/newshour/bb/budget/jan-june99/budget_3-9.html
http://www.time.com/time/archive/preview/from_redirect/0,10987,1101851014-142617,00.html
http://home.networkone.net/~deagle/pr028.htm
I didn’t see any mention of an actual demonstration.