The other day I quoted John Cochrane:
We're about a trillion dollars below trend, so the government needs to borrow an additional $750 billion a year (I'm usuing the Keynesian 1.5 multiplier) and blow it on whatever is handy; Solyndras, high speed rail, windmills, any old rathole will do so long as it's "spent." (Sorry, I'm not doing a very good job of expounding this position. Not my job.)
So how does "the Keynesian 1.5 multiplier" work? 1.5 times $750 billion is a trillion? Is that it?
How about 1.5 times $667 billion, maybe?