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By law I believe the fed does have limits, and quite possibly they may not be able to render as much aid as possible to resolve this challenge without the aid of other sources, namely the congress. At best it's a temporary stopgap fix depending on the monetary policies needed on a more longterm basis.
What do you think it means?
I don't know. That's why I wouldn't bother to make reference to it. I don't link to issues to I don't feel like I understand.
Now the thoughtful person in charge of the Congress is suggesting we borrow and spend another 3 trillion. It is insanity on steroids. No talk of spending cuts. No talk of making a wiser and more efficient use of the money we do have. Just borrow, borrow, borrow. I hope Trump will have the backbone to oppose this.
You have a more thoughtful resolution/ What would you cut? If this reopining of the ecomomy results in more sickness and death how should we resolve that?
I would not spend money we don't have. I would not send money to people who don't need it. Think of this. We could send EVERY unemployed adult American a check for five grand right now and spend about 100 billion. They are talking about 3 trillion. For three tril we could send every American alive a check for 10 thousand dollars. If it's all just that easy, then why not do that every single year???
It is craziness.
I like your idea. Save money and send everybody cash. So what of the virus and it's effects on the economy? We are learning that some young people and children can be very adversely affected also, and a disproportionate number of infections and deaths are found in minority communities.
Maybe we should double your cash payments and still save until we get a vaccine or some better treatments.
If it's just a matter of borrowing and spending, then we are good to go. However, that is a big, big IF.
I added links to my last post, but as long as it just money then keep throwing it at the virus...and at ME!
Yes Tal, seems to be the current thinking, however, politicians are fickle
Wow. What a crazy statement. Amazingly, I think you actually believe it.Quote:
but as long as it just money then keep throwing it at the virus...and at ME!
can't you tell when someone is pulling your leg
Maybe JL swallowed the lysol instead of just gargling and spitting it out. Unless he sees the 8D then he takes things seriously and literally with enough fire and brimstones to scare the heathens.
Considering that you're the guy who said he didn't mind piling debt onto the shoulders of his grandchildren because, after all, every generation has its burden to bear, then I don't consider any statement of yours to be so outrageous as to be obviously spoken in jest.Quote:
Maybe JL swallowed the lysol instead of just gargling and spitting it out. Unless he sees the 8D then he takes things seriously and literally with enough fire and brimstones to scare the heathens.
The crap pile of debt has been piling up a long time and will continue to grow until some future generation cleans it up or does something about it. So until we humans rise above the challenge then we wallow in our own crap like we always have. The thing is we as a collective are so entrenched in our own narrow views we have a huge problem listening and reaching a good consensus, and formulating a plan that we can focus on executing, based on facts and not just feelings, or false choices of either or.
What would prevent us from doing something about it now other than an utter lack of intelligence and honor?Quote:
The crap pile of debt has been piling up a long time and will continue to grow until some future generation cleans it up or does something about it. So until we humans rise above the challenge then we wallow in our own crap like we always have.
You mean respect don't you instead of honor, for the opposite position? I think that's where consensus and compromise starts.
I mean honor. Honor in the sense that I would rather do without than pass on this kind of debt to my grandchildren. Respect for the "carelessly borrow and spend for anything and everything" crowd? Not on your life.
Is borrowing and spending in this health crisis worth it to you? What are you willing to do without?
To help my grandchildren??? Are you seriously asking that question?
Can't you just seriously answer the questions? I'm just curious about YOUR America, as opposed to mine. My America struggles for the meaning of the words in the constitution given to yours and not mine, which leaves very little to give up since we trying to get and have something for our grand kids. Mine were slaves a lot longer than we were free and still have to abide by the rich guy master crap that you seem only to willing to help perpetrate.
So your answers please. Sorry to be so blunt about it, but we still working hard to overcome, and you seem to keep your stubborn arse in the way!
I await your response.
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What are you willing to do without?
Right off the top of my head, I would begin by cutting every federal department by 2% a year until the budget was balanced with the exception of the military. I would cut them by something more than 2% the first year and continue until the military was a good bit smaller than now, and that would be accompanied by learning how to mind our own business better. I would give every federal employee a 5% pay cut. I would cut welfare payments by the same amount. I would establish a standard that no person healthy in mind and body would be eligible for welfare. I would give every federal forest a hard look to see if we really need to have a gazillion acres of forest land owned by the feds. I would do away with the ethanol subsidies. I would give our tax program a long, hard look and likely go with a flat tax. I would pass a law that, barring a legit national emergency, would establish harsh penalties for any congressman/woman idiotic and reckless enough to suggest new spending with no adequate means to pay for it.Quote:
So your answers please. Sorry to be so blunt about it, but we still working hard to overcome, and you seem to keep your stubborn arse in the way!
How about you? I'm hopeful to get an answer from you. The other two of the Three Amigos are reluctant beyond words to answer tough questions. I do hope that you don't base your plan on the idea that we can just tax the rich and balance the budget. That is impossible from a math point of view.
I await your response.
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