IGBT
Lifer
- Jul 16, 2001
- 17,976
- 141
- 106
..it's going to get pizzed away on the entitlement society i.e. welfare/foodstamps/wic and a load of PC, reality challenged crapola. It will greatly contribute to the social decay of the US and foster more generationaly dependent people/families. If your a 60's era hippie I hear there's a petulie oil allowance.
irishScott
Lifer
- Oct 10, 2006
- 21,562
- 3
- 0
> Now if we took the 870 billion stimulous package, and split that up among everyone who is or was working in the past 18 months.....
Theyre not spending 870 billion.....it's more of an investment...
i.e. lending $50 billion to Bank of America for 10% interest means they're making a lot of money.....$500 million in interest per year
Theyre not spending 870 billion.....it's more of an investment...
i.e. lending $50 billion to Bank of America for 10% interest means they're making a lot of money.....$500 million in interest per year
Something like this is actually a good idea (provided you issue it in the form of expirable debit cards giving people no choice but to spend it). I see two major problems with this approach:
1) It won't help the companies that need the most help right now: i.e. financial institutions.
2) Portion of that stimulus package will go towards foreign companies (i.e. what if somebody spent it on a new Toyota, or sony flatscreen).
A much more interesting idea IMO would be making a deposits for individuals into the struggling financial institutions. That solves the liquidity problem for banks, and gives money back to the tax payers.
1) It won't help the companies that need the most help right now: i.e. financial institutions.
2) Portion of that stimulus package will go towards foreign companies (i.e. what if somebody spent it on a new Toyota, or sony flatscreen).
A much more interesting idea IMO would be making a deposits for individuals into the struggling financial institutions. That solves the liquidity problem for banks, and gives money back to the tax payers.
This is a no-brainer...1.Pay off the dead Fukus and 2.buy a 4cyl truck for cash.3. Pay whatever is on Credit Card (Don't usually have a balance).
4.Put the rest into the house. Need a new roof and some tree work.
4.Put the rest into the house. Need a new roof and some tree work.
SunnyD
Belgian Waffler
$5500 - in the hands of MOST people, yeah it would stimulate the economy shortly. But people wouldn't do what they need to do which is pay off debt. It won't prevent foreclosures, it may delay them temporarily. The problem is people live off credit which they can't afford. Giving people money is like putting a bandaid on a decapitation.
Born2bwire
Diamond Member
- Oct 28, 2005
- 9,840
- 6
- 71
the government is not going to allow bank of america to fail, they saw what happened when they let leham bail, and so far that has cost world governments several *trillion* dollars in direct costs alone.
Exactly.
I would pay off debts personally. I could pay off CC, loans, car and just have student loans left.
ViviTheMage
Lifer
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