UMD Libertarians

Can congress get it done by the time Obama is sworn in the 111th congress is sworn in on Jan. 6 this gives them exactly 14 days to craft a $500B (at least imo) stimulus Can it be done? that is extremely short notice
why? the $700B stimulus keeps on giving and giving with seemingly no limit.
Why does it cost 500B to pay a stimulus to a population of 304 million? Give 1 million to every person in the US and it’ll only be 400-600 million including administration no?

you know my moms been sayin the same shit what is the problem with this? anyone?

304,000,000*1,000,000= 304,000,000,000,000

Huh??

A $2 (2 dollar) stimulus package to every person would cost $600+ MILLION…

basic math > You… or did I mis-understand??
Brain fart. My equation was 1 million = 1 unit x 304 million.

You only want to give me a dollar? Fuck you.
$700B would be $2000 for every american so probably like $2500 or something for every taxpayer. that would be nice.

A Treasury Department spokeswoman trying to explain to Forbes magazine how the department came up with the $700 billion number chosen for the initial financial services bailout.

Yeah, my student loan company cannot wait!

neither can the countries drug dealers

It would be nice except the actual value of your money has stayed exactly the same - the number just looks bigger now.

its nicer than having the same inflation without the boost in funds like we have now. take your pick.

No, there will be more inflation. You don’t get to just print huge sums of money without there being inflation attached to it. Just because we’ll have inflation now, and we’ll have inflation after the stimulus, doesn’t mean they are equal.

? so are you saying that if they gave $$$$ to people it would cause inflation? im not an expert so forgive me if this is a dumb question

I’ll take some hefty inflation

No … he’s trying to imply an equivalent amount of inflation would be a certainty, but there are other factors needed to draw that conclusion, and I doubt that he has those numbers.

Smells like fearmongering….

so you’re saying by giving 700 billion dollars to banks, we create less inflation than giving it directly to the people? okee dokee….

It’s not hard to understand boss…the Fed is printing money and now directly injecting it into the economy. Inflation will result, that is not fear mongering, that is a fact.

If you need some precedent for this, look up the following countries who have done the same thing, and then note the result"
1. Weimar Republic in Germany
2. Japan in the early 90s
3. Argentina in the past 10-15 years
4. Zimbabwe right now

While you’re at it, read up on some of the economic policies of fascist Italy under Mussolini. You’ll have deja vu.

Trillion? Weak shit! People barely bat an eye at the T word anymore.

Why stop at a trillion? Money is free….they should just let people line up at the printing press and get as much as they want.

$3200 per man woman and child
Or about $5000 per taxpayer

Wow.

So, you didn’t seem to notice we’re actually facing a serious threat of some monetary deflation right now, genius.

Hypothetical:
5% bank crisis deflation + 5% stimulus inflation = no overall inflation.

Not only that, but printing money isn’t the only way to raise funds.
It’s not hard to understand, boss.
Trying to imply that it’s a certainty for everyone’s real value to experience a perfectly equivalent monetary inflation is fearmongering.
how the hell are they gonna craft that in 14 days Pelosi was saying that she was working on it so maybe that will help………………maybe
I hope the cutoff is higher than the last one.

When you get soemone who made 50k and has a wife and 1 kid, they aren’t going to use the stimulus check to buy random shit. When someone makes $150k and has a wife and a kid, they will use the money to buy random shit.

But of course the average American would think it’s unfair for those people to get $$

I know alot of it to my understanding wil be infrastructure spending which ive heard yields 1.70-1.80 for every $1.00 you spend so hopefully that will help idk whats in the rest of it Id like to know though
Quote:
"It’s not based on any particular data point; we just wanted to choose a really large number."

I am, quite simply, flabbergasted at this information. I should probably go have my blood pressure checked. This is sort of thing is going to be the death of me . . .

dont even get me started on how me and my family were
Our government is full of fail and aids. Worst fucking idea ever.

you’re a regular Art Laffer.

We are in a deflationary period…for now. The Fed has already pumped in 2.2 trillion of fiat money into the economy already. There will come a point when the world stops lending to us all together, considering the Fed is in the process of destroying the dollar, which will cause Treasuries to blow up like a nuclear bomb.

Kid, seriously, you can’t hang. I know your schtick, you go against everything I say. You passed 8th grade economics, congrats, but welcome to the real world.

So … you used more disjointed speculative fearmongering to continue your tripe about how the original statement about inflation wasn’t fearmongering. Go you.

I "go against everything you say" because you don’t have the foggiest understanding of what you’re talking about. I question you only to be kind or, at least, not-so-harsh. Otherwise I’d just come right out and call you on mindlessly parroting some vague Chicken Little bullshit on topics that are far over your head.

Location: The NEW America. Love it or GTFO.

OOOK pal.

Here’s the newest figure being speculated about.

350 billion for infrastructure and alternate energy for government buildings, that’s it?

The average cost to get an average high school a "silver" LEED rating cost about 15 million… That’s a drop in the bucket.

you know…i used to think exactly like you

but the problem here is that you must realize fiat currency is backed by faith and support. the rest of the world will not let us fail. because if we fail, they fail.

i’m all for free markets with minimal government intervention, and the abolishment (or extreme regulation by congress) of the Fed. but fiat currency in America will never be completely worthless

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