Oh, I should mention that every time the Fed. Reserve Bank and Treasury promise billions of dollars, they are quite literally printing the money. Putting more cash into the system devalues the dollar and slows the velocity, which has been linked to slower economic growth...strange, huh
I think is how the cash is utilized and what kind of investments are in place, that would help the economy grow. Printing money, if needed, should be ok. But where the money go at the end of the day. Are they in circulation? Imagine you get a trillion and keep it in a safe. So what happens? Nothing. No one use them, not even you.
Also the currency comparison is not a very good one, as the living costs are subject to the domestic market. For instance with $100 you may buy the grocery for 1 week in states. In Europe although the Euro seems stronger you need to spend more.