Tyrannosaurus Debt. How many people realize the money for the economic stimulus does not exist?

debt
Thundercat asked:


There is no real money to fund this. It will have to be borrowed. More debt. How can more debt fix debt?

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Category: Politics | Tags: , , 8 comments »

8 Responses to “Tyrannosaurus Debt. How many people realize the money for the economic stimulus does not exist?”

  1. Croaker
    June 29th, 2009 at 7:41 am

    Well if you follow reaganomics some debt is good…not sure he would have ever pictured this…but then under reagan the debt doubled…as it did under W.
  2. jimbeaux
    July 1st, 2009 at 10:24 pm

    Why, my wife and I do this all the time! Whenever we’re out of money, we just get our charge cards out and get a cash advance! Oh, sure, we’ll have to pay it back someday, but I’m going to enjoy the cash while I have it.

    Our Gov’t – We can’t be out of money, we still have checks!
  3. Its Kfed...byutch!
    July 3rd, 2009 at 7:34 am

    We’re screwed.
  4. forty winks
    July 6th, 2009 at 1:11 am

    The actual cost with interest is 1.2 trillion dollars ! And didnt Obama say that this will be the norm from here on out ? 1 triilion dollar budgets year in and year out ?
  5. Agent Smith
    July 6th, 2009 at 5:13 am

    It’s called a Ponzi scheme.

    It worked for Bernie Madoff for years.

    Now the pros can try it.

    Tax, borrow or print money – you and I both end up paying in the end.
  6. KatrinaLimited
    July 9th, 2009 at 8:26 am

    Haven’t you heard…the printing plates for which will print this money are already being oiled up. Who needs real money anymore..our monopoly money will pay for this pipedream.
  7. enter name here
    July 10th, 2009 at 3:56 pm

    Oooo ooooo oooo… I do I do I do…. *flails hands above head*

    otherwise we would have to print more money and then inflation would go up and the value of our dollar would go down faster than the lire before Euro.
  8. Overt Operative
    July 11th, 2009 at 2:59 am

    Never create debt unless that debt will create wealth.
    That is one of the oldest adages in the financial world. If borrowing this money is going to create more wealth, then it is the right thing to do.

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