Drowning in the Ocean of Debt
April 14, 2009
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April 14th, 2009 at 7:03 pm
Very interesting. Wouldn’t it make more sense just spread 12 trillion bucks among the country and keep the upper class out of it. If you do the math, 300000000 people comes out to 40000 person. that would help us get out of debt much faster. Instead they rather give it to people who put the country in this position to being with.
April 14th, 2009 at 7:24 pm
@Wahab, you bring up an interesting issue here, however this is how I believe the governmental authorities thought this out. They believe that if they “give” $4000 in disposable income to every citizen, they will then most likely turn to purchases and perhaps even more use of credit once they ran out of the wealth.
Moreover, these institutions, if they fail it would be catastrophic for not just the USA, but rather the world as a whole. We have to take into consideration that they are the ones running the monetary supply along with the cash flows of the economy.
However I will fail to disagree that thus far every measure they have chosen has been an utter and complete failure.
April 27th, 2009 at 8:02 pm
[...] Drowning in the Ocean of Debt [...]
May 7th, 2009 at 8:52 am
“We” are not paying for it. “We” will never pay our debt. Whoever is accumulating our Treasuries are the ones “drowning in debt”.
May 7th, 2009 at 9:05 am
@Guest, you are paying for it indirectly through joblessness and unemployment. Think about it.