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Well I agree with Bernanke, I don't think the first stimulus package has done for the economy what it was thought to be capable of doing. I too think it should wait so that we can measure the full extent of the help received by the first.
Who is exactly paying for the first round of stimulus? And who is going to pay the second round? Getting further into debt is not a solution... it becomes an even bigger problem...
Who is exactly paying for the first round of stimulus? And who is going to pay the second round? Getting further into debt is not a solution... it becomes an even bigger problem...
Well, I heard today on Paul Harvey that we basically had to borrow the money for the stimulus checks (we're already 9 trillion in debt). And that China holds a large bulk of it. So basically, you could say that we borrowed from China to buy chinese products to prop up the economy...Only in America!
There's something about the idea that I don't like. It just doesn't seem like good economics when the government owes so much as it is.
As much as I'd like to receive more money from the government (taxpayers) to pay my tax bill, I'm left wondering for how long my kids will be footing the bill for these stimulus payments. I heard that millions upon millions of dollars of the first stimulus payments were held by the IRS to satisfy taxpayer's balances, back child support, etc.
Has anybody noticed that oil stayed expensive while the government was mailing out stimulus checks, and now that they're spent, oil demand is finally dropping?
If the government floods us with money again, all we're going to do is fill our gas tanks and drive up the price......
Has anybody noticed that oil stayed expensive while the government was mailing out stimulus checks, and now that they're spent, oil demand is finally dropping?
If the government floods us with money again, all we're going to do is fill our gas tanks and drive up the price......
Who is exactly paying for the first round of stimulus? And who is going to pay the second round? Getting further into debt is not a solution... it becomes an even bigger problem...
Quote:
Originally Posted by mackinac81
Well, I heard today on Paul Harvey that we basically had to borrow the money for the stimulus checks (we're already 9 trillion in debt). And that China holds a large bulk of it. So basically, you could say that we borrowed from China to buy chinese products to prop up the economy...Only in America!
There's something about the idea that I don't like. It just doesn't seem like good economics when the government owes so much as it is.
Eh, we're already so far in debt, there's no hope of paying it off. If our economy is going to crash, we might as well go out with a bang!
As much as I'd like to receive more money from the government (taxpayers) to pay my tax bill, I'm left wondering for how long my kids will be footing the bill for these stimulus payments. I heard that millions upon millions of dollars of the first stimulus payments were held by the IRS to satisfy taxpayer's balances, back child support, etc.
Yes, there goes the idea taxation without representation. We are going to leave this debt to our children to pay back through taxes, and they have absolutely no say so...
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