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Who decides? Face it,the best stimulis is putting money into the hands of those who will immediately spend it. The majority of our problem is the $3 trillion the rich are sitting on
Who decides? Face it,the best stimulis is putting money into the hands of those who will immediately spend it. The majority of our problem is the $3 trillion the rich are sitting on
By sitting on it do you mean saving and investing so they can be independent and not dependent on the earnngs of others for their survival? Does this mean frugality is a bad thing? Just because you have money should you just spend it? Are you advocating conspicuous consumption? What I hear you saying is that the best thing is to take money from savers to give to others to spend. Considering the topic of this thread are you advocating that retirement is becoming a process where the government transfers wealth from the haves to the have nots? I a.m not trying to be political but stimulus is a government application of tax dollars and is retirement becoming even more of a government controlled world .
By sitting on it do you mean saving and investing so they can be independent and not dependent on the earnngs of others for their survival? Does this mean frugality is a bad thing? Just because you have money should you just spend it? Are you advocating conspicuous consumption? What I hear you saying is that the best thing is to take money from savers to give to others to spend. Considering the topic of this thread are you advocating that retirement is becoming a process where the government transfers wealth from the haves to the have nots? I a.m not trying to be political but stimulus is a government application of tax dollars and is retirement becoming even more of a government controlled world .
It seems that is the society in which we live today.."live for today".
I do worry though. Today we still have those that can retire on pensions. Many of the boomers were savers. But subsequent generations have a different mindset about saving, especially long term and by then there will be very few pensions and SS will be bleeding red.
It seems that is the society in which we live today.."live for today".
I do worry though. Today we still have those that can retire on pensions. Many of the boomers were savers. But subsequent generations have a different mindset about saving, especially long term and by then there will be very few pensions and SS will be bleeding red.
Yup we are the ones blessed with a pension. We have saved and will/do have excellent SS. But I am concerned about future generations that are not well educated, financially secure and fiscally conservative.
...I am one of those who faced the severe problems of life that was caused by a childhood disease that decided to manifest itself again, more severely, in my prime adult working years. Is is my fault? Shall I feel guilty because I have received SSDI at an earlier age. The answer is that I do feel guilty...Livecontent
Why should anyone feel guilty about getting sick? Robyn
P.S. There are public hospitals in many places that are usually run by local governments (cities/counties/etc.).
Who decides? Face it,the best stimulis is putting money into the hands of those who will immediately spend it. The majority of our problem is the $3 trillion the rich are sitting on
Who says the rich aren't spending money? They're spending money on stuff like this:
It would be somewhat more accurate to say that a fair number of businesses are holding back on new investments due to current economic uncertainties. Robyn
By sitting on it do you mean saving and investing so they can be independent and not dependent on the earnngs of others for their survival? Does this mean frugality is a bad thing? Just because you have money should you just spend it? Are you advocating conspicuous consumption? What I hear you saying is that the best thing is to take money from savers to give to others to spend. Considering the topic of this thread are you advocating that retirement is becoming a process where the government transfers wealth from the haves to the have nots? I a.m not trying to be political but stimulus is a government application of tax dollars and is retirement becoming even more of a government controlled world .
The fact that that money is not circulating is why the economy is wheezing. Income disparity has become our largest economic problem. Wages are spiralling downward and that is effecting all of us, except the rich
It would be somewhat more accurate to say that a fair number of businesses are holding back on new investments due to current economic uncertainties. Robyn
No real business person holds back because of uncertainties, That is what business is about. What we have is a bunch of parasite bankers who want a government guarantee that they will make money before they borrow money from the FED for nothing to expand
Corporations are sitting on record cash levels. The outlook at least short term is bleak and individuals and corporations are not spending or borrowing.
Most of that money printed is supposed to be borrowed and spent buying more goods and services but there are no customers for borrowing that money.
In fact corporations have so much of their own money they dont even need to borrow much.
For the most part corporations and individuals are deleveraging .companies are selling assets and paying down debt.
2/3 's of the s&p 500 have cut earnings estimates.
Typically when cash levels are that high corporations would buy their own stock or other company stocks. There are little aquisitions going on.
We have far more mergers than aquisitions and thats a sign companies are looking for a secure footing by joining forces.
All that money is sitting unused in the federal reserve banks even at zero borrowing costs..
Not a good sign.the lack of spending is making deflating a bigger issue then inflation even with all that money they printed.
Last edited by mathjak107; 08-18-2012 at 03:35 PM..
But Robyn. You make it sound as if there's something wrong with that!
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