New Stimulus Package?

[JRScott]

That time is now.

Most people just don't seem to get it, we will already be over 10 trillion in debt by the end of this year. In addition there is a 53 trillion dollar shortfall in entitlement funding through the next few decades. To give you an idea to fill that shortage and pay the debt every American right now owes around 180k dollars. These 'gifts' from the government are nothing of the sort. All they are are weights to future prosperity.

Edit: Miscalculated amount

[NowImDownInIt]

This is a ploy, put into play just before election... The democrats want to look like they have the American people in mind, but really they only have themselves in mind. Our nation as a whole is in a bind and this will not bail us out... BUT this will sadly sway a lot of uneducated undecided voters to the Democratic ticket. Bought votes if you ask me. Bush already said that he will veto this if it ever gets that far, as he should.

[athomas]

Some of the things I have heard make this proposed stimulus sound very different than the last in the respect that money would go to states, roads and bridges, unemployment insurance, etc. I've heard more talk about those things than I have a check coming to my hands. I'm not sure what to think...it probably is a bad idea for a lot of the above mentioned reasons, but that's not to say my family couldn't put it to good use!

[NowImDownInIt]

We could all find a good use for it, but it won't help the economy much. If we keep printing money, we might as well use it as wallpaper, because it will be worthless, not that it's worth much as it is.

[NowImDownInIt]

An example of our failing dollar is, that the dollar now is worth 1/3rd what it was worth in 1980! That's not so long ago...

[Cali]

Being on the BK forum doesn't mean you don't know Finance or Economics.

And I hope the stimulus doesn't pass.

Of course not! I'm posting in a Bankruptcy Forum!

Explain why you think whatever is not going to happen will never happen.

[WhatMoney]

A couple of you replyers are seriously satirically challenged. Do you watch the Dave Lettermen show and keep saying "I don't get it?"

[NowImDownInIt]

A couple of you replyers are seriously satirically challenged. Do you watch the Dave Lettermen show and keep saying "I don't get it?"

I totally got it. LOL

[tofargone]

Lets be honest. A new stimulas package will do one thing if it is done quickly. Help with retail christmas sales. One of the biggest items looked at for the economy is consumer confidence. With slow or shrinking sales the figures look bad. When the figures look bad they end up getting worse. A good christmas season will help inflate ( though artificially) those numbers and basically give the incoming president a little honeymoon time once in office. Personally I know I could use the money, do I think its a good idea? probably not, but I'm not going to turn it down either.

[chloe0724]

I think it's a horrible idea. We are already way too much in debt. The govt needs to look at what we have all learned.

Plus, myself, and most everyone in the 13 plan will not even get to benefit from it. It goes to the Trustee.

[banca rotta]

All this stimulas wouldn't be so bad in the "old economy". If the money was borrowed from American investers and taxpayers spent the money on American made goods and services helping American jobs then it would probably give a nice shot in the arm and turn things around.

We are borrowing most of it from China so they are getting paid most of interest and we are buying Chinese made goods. I bet most of the last stimulas money is at mainland China by now plus the interest the US Treasury is sending them.

This is why the 1st and latest stimulas plans are useless.

[Cali]

I don't watch that show, but I always get it when it is funny.

A couple of you replyers are seriously satirically challenged. Do you watch the Dave Lettermen show and keep saying "I don't get it?"

[Cali]

So if you were getting money you would have a different opinion?
And not all C13 filers lost their stimulus.

I think it's a horrible idea. We are already way too much in debt. The govt needs to look at what we have all learned.

Plus, myself, and most everyone in the 13 plan will not even get to benefit from it. It goes to the Trustee.

[AngelinaCatHub]

All this stimulas wouldn't be so bad in the "old economy". If the money was borrowed from American investers and taxpayers spent the money on American made goods and services helping American jobs then it would probably give a nice shot in the arm and turn things around.

We are borrowing most of it from China so they are getting paid most of interest and we are buying Chinese made goods. I bet most of the last stimulas money is at mainland China by now plus the interest the US Treasury is sending them.

This is why the 1st and latest stimulas plans are useless.

[NowImDownInIt]

My point exactly!!