Ok I have been watching the government doing their best to spend our money. This one is going to top anything I thought I would ever witness in my lifetime. I know those in Washington call the shots and they are all very educated but to me I feel like they are not connecting their intelligence to our goals. I get the big picture so don’t worry, I promise I am no fool. So with big numbers like a possible $850B stimulus package look at us in the face we are looking to bolster jobs, repair roads, up the anti on schools and education, and take on lots of domestic projects. As a non-democrat I still stand and applaud the efforts to jump start our domestic programs which has been missing for a long time. We have been a country of taking care of others before ourselves for far to long. (It’s a secret, I am actually starting to dig Obama a little…but don’t tell anyone.)
Ok but I want to make a point, with those staggering numbers why can’t each American receive say $5-10MIL each? Then the Democrats can raise taxes and slowly take it all back while we are spending and really jump starting the economy. For some reason they thought sending me $1200 was going to jumpstart and economy, that paid my rent for a month. Now if you give me $5MIL to spend I will jump start this local economy like it’s never been seen before. I wouldn’t even bitch in the least about adding to the federal gas tax, or not renewing the tax deals when they expire. Picture the things i could do with that kind of money. I could invest, spend, build, buy, and anything else I wanted to do. Those that blow everything will have no reason to complain, and those that saved and helped spur a successful jump in today’s America will forever be ok no matter which bank collapses. This sounds like a great idea, though I am well aware it will never happen.
I feel if we have all this money to print and hand out then let’s do it from the bottom up. Reality is they call it our money, but it’s not because God forbid they gave it back to us. They feel they have to spend it in a frenzy and without restraint. I know not every member of Congress is completely incompetent, but even now I question it. I think they should send out huge checks to everyone and let it funnel up the market. Record numbers of mortgages will be paid off which would solve the sub prime mortgage problem and foreclosures would stop. Banks would have a monster influx of cash deposits which would keep them from toppling. Things will happen very quickly if they infuse that kind of funding to the American population.
Just some food for thought. Tell me what you think…
I don’t know if you were actually serious but I’ll reply anyway…
The answer is very simple why the US would never give millions away to its citizens…Hyperinflation. Although the current value of the dollar is pretty low compared to the Euro, imagine how worthless it would be if every American had 5 million dollars. If you remember, pre/during WWII, Germany’s economy became so bad because of tactics such as this, that eventually the value of marks was 4,200,000,000,000 marks to a US dollar. Imagine trying to buy coke from a vending machine and having to put in 4 trillion marks. This demonstrates the concept of supply and demand perfectly. If everyone had more money, than everyone would charge more for the same goods(inflation). Essentially making you no richer than you started. The previous stimulus did the same thing because the money that you are receiving is money that the US government doesn’t actually have, its a loan, which increases our annual trillion dollar deficit while devaluing the dollar. The stimulus isn’t to make the American people “richer” its to “stimulate” confidence in our market and hopefully get people to spend it(repaying the money the Gov just gave you) and spend a bit more(to help boost the economy)
Sorry for the monster sized comment but I think that was the only was to give an appropriate answer
Great reply and no it was more of a ridiculous point. I agree completely with you but I was going for the actual number and how big it really is. It goes to show the only answer is to spend, and spend but I fear it is not being done correctly. I hope I am dead wrong for the sake of the situation.