Probably not an answer for this question but as I sit here yet again today reading about the billions of dollars were speding to shore up the economy and watching it have no noticable affect on anything I have random thoughts.
How much money are they actually going to throw at this problem before they realize it isnt working?
How much debt can we as a nation actually accumulate before we really are totally screwed?
How much more damage are we doing by infusing these billions, even trillions of dollars into things, it seems to me we may be just putting off the inevitable by giving these institutions enough to get by for the short term, when that money is gone wont they crash anyway?
What would have happened had the government let this run its course to begin with, would be better or worse off now?
And finally, stacking this kind of debt for future generations to deal with, arent we just setting this up for a repeat in the future?Isnt that how we as a country got to this point, by racking up debt and living off credit when we couldnt afford it.I mean, is more debt really the answer to solving a problem caused by to much debt?
No it isn't an answer but you can't tell a Democrat politician that. It won't end until the world is in a depression. These idiots in Washington just can't figure out that you don't spend your azz off when you don't have the money to do it with in the first place. Earmarks and pork are what this administration is about even though they deny it at every opportunity.
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Obama=The Fourth Reich,
Just look at the parallels of the Nazi regime and the Obama Administration amazingly similar arent' they.
Thndrchiken, seriously, we just came off a republican administration that doubled the deficit in 8 yrs, its not just Dems spending money we dont have by any means.The entire govts gone off the deep end as far as spendings concerned, this new administrations following suit but at a greatly increased pace.Its not a party problem, its a govt problem thats just getting worse by the day now[&o]
Take a look at what some of the spending over the last 8 years has been devoted to: 9-11 clean-up, creating department of homeland security, war in Afghanistan, Katrina relief, Rita relief, etc.. etc. Yes, a hell of a lot of spending was done, but when you take a close look, a significant part of it came in the form of spend that many thought needed to be done.
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"Shoot him again....his soul is still dancing"
Just look at California; Thats how bad it will be when the whole country is broke.
Burnie, don't get the cart before the horse quite yet.Things may be bad in Cali. right now, but they are going to get a lot worse before this whole thing shakes out. Wait till all the tax increases, price increases, etc. take effect before you start using us as an example of a worst-case scenario.
By the way your before/after political quotes signatureshave been good lately, but I miss politically incorrect 24hr. drive thru one better.
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His beard alone has more experience than most lesser men's whole bodies.
What would have happened had the government let this run its course to begin with, would be better or worse off now?
This was one that I had a hard time with at first. I was taught that people sink or swim on their own merit and hard work. I think the answer to this ? you ask is that we would be extremely worse off right now.
Here is that link you asked Fieldmouse for in another thread- http://www.youtube.com/watch?v=pD8viQ_DhS4 the main part I am talking about is the 550billion draw down on the money markets which was speculated to be the start of a situation that could have ended in the financial collapse of the global economy in 24 hours without intervention from the FDIC. The FDIC raised the maximum insured amount from $100,000 to $250,000 and made cash available to the money market funds (for free basically) to enable them to meet their cash needs until they could redeem their investments at the normal time, and thus not causing more panic or collapse. This is one of the functions of the FDIC and in my opinion was necessary and a goodexample of how one of our gov't agencies can help us when panic takes over. Now, the circumstances behind the 550 billion run on the money markets is an entirely different subject that I would like to know more about.
The rest of your questions I am trying to figure out myself, so I can't comment.
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His beard alone has more experience than most lesser men's whole bodies.
How much?
I gonna fix it bros.!!!! No worry, be happy.
