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Author Topic: What if the stimulus package included 1 million?
Lockman
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What would happen if the government wrote every U.S. Citizen a check for 1 million dollars.

We could try and work thru this ourselves.

This is an idea I've seen bounced around in the last day or two.

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jgrecoconstr
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I doubt very much that would ever happen but lets say it did. I would think the price of gas would skyrocket as well as everything else as companies would start gouging since they know people have more money to spend and they would want it. Interest rates would rise, insurance rates, price of food, school taxes,electronics etc,etc. imo
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bdgee
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Another thing is that these are designed to happen over a period of years, not hundreds of billions all at one time. I seriously doubt that there is any way it would be possible to distribute that many one million dollar allotments in even a year's time, let alone all at one time. Then there is the consideration, does anyone, including the Federal Government, have access to an account anywhere from which it would be possible to draw that many one million dollar withdrawals?

But here is the fact you need to get a firm grip on. It ain't a gonna happen that way, so stop being silly and stop the complaining, unless you can contribute something both feasible and functional. Admit (as you have several times, whether or not you realized it) that you don't have the knowledge to comprehend finance at these sort of levels and intricacies and back off the bytchin.

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jordanreed
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I you don't have the knowledge to comprehend finance at these sort of levels and intricacies

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jordan

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Propertymanager
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Unfortunately, all that would accomplish is to devalue the currency and make the dollar virtually worthless. Besides, where do you think that $300 Trillion (if my math is correct) would come from? Would China loan it to us? No. Could we pay back the interest on it? No. It would simply cause our currency to collapse and probably cause a war because we would be destroying the value in the currency/government notes that foreign entities/governments hold (they might not like that).
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Lockman
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quote:
Originally posted by bdgee:
Another thing is that these are designed to happen over a period of years, not hundreds of billions all at one time. I seriously doubt that there is any way it would be possible to distribute that many one million dollar allotments in even a year's time, let alone all at one time. Then there is the consideration, does anyone, including the Federal Government, have access to an account anywhere from which it would be possible to draw that many one million dollar withdrawals?

But here is the fact you need to get a firm grip on. It ain't a gonna happen that way, so stop being silly and stop the complaining, unless you can contribute something both feasible and functional. Admit (as you have several times, whether or not you realized it) that you don't have the knowledge to comprehend finance at these sort of levels and intricacies and back off the bytchin.

Oh excuse me. I'm sure you think you have the knowledge to comprehend finance at these sort of levels and intricacies. Stop being a pompus a-hole.

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bdgee
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You are playing the part of a self righteous a-hole. It is appropriate, I must say.

Now get off your high and mighty ditto-head artificial righteousness and try to make sense instead of parrying for political scores.

It is irrelevant whether or not I understand the details of the intricacies of finance. Did you want to propose a contest and find out which of us has the greater financial where-with-all? (Think you could win?) Whatever the outcome might be, you'd still be in over your head and you'd still be pumping an ignorant and purely partisan political agenda instead of reason and caution and honesty.

Ditto-head all you wish, but do have the dignity to admit you are playing the part of ignorant buffoon for far right-wing propaganda, without the knowledge to cover for the misinformation you regurgitate from lessons of the Master (whether that is first, second, or third hand misinformation, the source is obvious).

Go on, be a self righteous a-hole that refuses to listen or consider anything that didn't pass out of Fat Rush like wind. Trying to offer serious and courteous points of debate to you is like laying one's self open to attack by a pole cat. (And that analogy mnay be being a bit generous. Your every effort is to insult and make false claims.)

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raybond
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1 million tax free I say that if they gave everybody 1 million tax free minus any outstanding debt which the feds would pay off and give you the difference most americans would be debt free with some cash in thier pocket and we would be all at ground zereo again banks and everybody simple but it most likley would work.

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Lockman
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quote:
Originally posted by bdgee:
You are playing the part of a self righteous a-hole. It is appropriate, I must say.

Now get off your high and mighty ditto-head artificial righteousness and try to make sense instead of parrying for political scores.

It is irrelevant whether or not I understand the details of the intricacies of finance. Did you want to propose a contest and find out which of us has the greater financial where-with-all? (Think you could win?) Whatever the outcome might be, you'd still be in over your head and you'd still be pumping an ignorant and purely partisan political agenda instead of reason and caution and honesty.

Ditto-head all you wish, but do have the dignity to admit you are playing the part of ignorant buffoon for far right-wing propaganda, without the knowledge to cover for the misinformation you regurgitate from lessons of the Master (whether that is first, second, or third hand misinformation, the source is obvious).

Go on, be a self righteous a-hole that refuses to listen or consider anything that didn't pass out of Fat Rush like wind. Trying to offer serious and courteous points of debate to you is like laying one's self open to attack by a pole cat. (And that analogy mnay be being a bit generous. Your every effort is to insult and make false claims.)

Ya know I haven't heard you idea of how to resolve these problems. Enlighten us.

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Let's Go METS!!!

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T e x
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quote:
Originally posted by raybond:
1 million tax free I say that if they gave everybody 1 million tax free minus any outstanding debt which the feds would pay off and give you the difference most americans would be debt free with some cash in thier pocket and we would be all at ground zereo again banks and everybody simple but it most likley would work.

1,000,000 x 300,000,000

??????????????

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Nashoba Holba Chepulechi
Adventures in microcapitalism...

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bdgee
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1,000,000 x 300,000,000 = mind bogglingly enormous!
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bdgee
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quote:
Originally posted by Lockman:
quote:
Originally posted by bdgee:
You are playing the part of a self righteous a-hole. It is appropriate, I must say.

Now get off your high and mighty ditto-head artificial righteousness and try to make sense instead of parrying for political scores.

It is irrelevant whether or not I understand the details of the intricacies of finance. Did you want to propose a contest and find out which of us has the greater financial where-with-all? (Think you could win?) Whatever the outcome might be, you'd still be in over your head and you'd still be pumping an ignorant and purely partisan political agenda instead of reason and caution and honesty.

Ditto-head all you wish, but do have the dignity to admit you are playing the part of ignorant buffoon for far right-wing propaganda, without the knowledge to cover for the misinformation you regurgitate from lessons of the Master (whether that is first, second, or third hand misinformation, the source is obvious).

Go on, be a self righteous a-hole that refuses to listen or consider anything that didn't pass out of Fat Rush like wind. Trying to offer serious and courteous points of debate to you is like laying one's self open to attack by a pole cat. (And that analogy mnay be being a bit generous. Your every effort is to insult and make false claims.)

Ya know I haven't heard you idea of how to resolve these problems. Enlighten us.
And you are not going to, even should I propose one, for several reasons.

First, no matter what is proposed, if it isn't off the far right-wing evangelical extremist menu, you not only won't be able to conceive of its details and interactions, you will attack with full insulting labels and bull shi-t, just as you always do, instead of bothering to learn what is there.

Second, there is no such thing as an easy or cheap way out and among all the ways that have any chance of helping, I have seen nothing that has a better chance that that which the Administration has embarked upon. It won't work over night and won't work without the bankers and the other Wall Street insiders having to suffer with the rest of us, but there is nothing that won't require that all of us (and I mean us in the world wide sense) suffer for quite some time. So, go on and complain.

Political posturing for position in the next election isn't providing anything but to dishearten the public and the political lies that the right-wingers are pushing to the effect that they have a better way is a bald faced lie.

The stimulus is not to save the economy. The economy failed while driving down the republican route to political domination. IT FAILED, as in past tense. The Administration, along with most of the countries that used to have the more substantial economies before the failure are trying to form the basis for a new economy. Whether or not you understand it, it is what we get. The fact that you don't understand it and still insist on having the right to bytch about it ad nauseum, even picking out pieces of it you don't know where and how they fit and offering limbaughesque assaults upon that single piece says a lot.

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raybond
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at least this gave you guys something to talk about

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Lockman
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quote:
Originally posted by bdgee:
quote:
Originally posted by Lockman:
quote:
Originally posted by bdgee:
You are playing the part of a self righteous a-hole. It is appropriate, I must say.

Now get off your high and mighty ditto-head artificial righteousness and try to make sense instead of parrying for political scores.

It is irrelevant whether or not I understand the details of the intricacies of finance. Did you want to propose a contest and find out which of us has the greater financial where-with-all? (Think you could win?) Whatever the outcome might be, you'd still be in over your head and you'd still be pumping an ignorant and purely partisan political agenda instead of reason and caution and honesty.

Ditto-head all you wish, but do have the dignity to admit you are playing the part of ignorant buffoon for far right-wing propaganda, without the knowledge to cover for the misinformation you regurgitate from lessons of the Master (whether that is first, second, or third hand misinformation, the source is obvious).

Go on, be a self righteous a-hole that refuses to listen or consider anything that didn't pass out of Fat Rush like wind. Trying to offer serious and courteous points of debate to you is like laying one's self open to attack by a pole cat. (And that analogy mnay be being a bit generous. Your every effort is to insult and make false claims.)

Ya know I haven't heard you idea of how to resolve these problems. Enlighten us.
And you are not going to, even should I propose one, for several reasons.

First, no matter what is proposed, if it isn't off the far right-wing evangelical extremist menu, you not only won't be able to conceive of its details and interactions, you will attack with full insulting labels and bull shi-t, just as you always do, instead of bothering to learn what is there.

Second, there is no such thing as an easy or cheap way out and among all the ways that have any chance of helping, I have seen nothing that has a better chance that that which the Administration has embarked upon. It won't work over night and won't work without the bankers and the other Wall Street insiders having to suffer with the rest of us, but there is nothing that won't require that all of us (and I mean us in the world wide sense) suffer for quite some time. So, go on and complain.

Political posturing for position in the next election isn't providing anything but to dishearten the public and the political lies that the right-wingers are pushing to the effect that they have a better way is a bald faced lie.

The stimulus is not to save the economy. The economy failed while driving down the republican route to political domination. IT FAILED, as in past tense. The Administration, along with most of the countries that used to have the more substantial economies before the failure are trying to form the basis for a new economy. Whether or not you understand it, it is what we get. The fact that you don't understand it and still insist on having the right to bytch about it ad nauseum, even picking out pieces of it you don't know where and how they fit and offering limbaughesque assaults upon that single piece says a lot.

So you don't have a plan...just as I suspected.
All you do is attack any idea or thought that doesn't fit into what the DNC e-mailed you in the morning.

And as far as this thread, I was simply asking what others might think of an idea I saw floated on another site.

You of course decided to insult me and not offer up an opinion. In the future it would be nice if you just ignored my posts and moved on.

--------------------
Let's Go METS!!!

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bdgee
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Sheeeeeshhhh, what drivel....

And all for the sake of being a pain in the butt and insulting someone....

Maybe you should bother to actually read the things that show up here instead of just slashing out at the people with opinions?

And you might have discovered the scheme of your post was preceded here by the same scheme.

You have reached the point of being NOTHING but a bore, apparently by choice.

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Lockman
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quote:
Originally posted by bdgee:
Sheeeeeshhhh, what drivel....

And all for the sake of being a pain in the butt and insulting someone....

Maybe you should bother to actually read the things that show up here instead of just slashing out at the people with opinions?

And you might have discovered the scheme of your post was preceded here by the same scheme.

You have reached the point of being NOTHING but a bore, apparently by choice.

Then please ignore my posts.

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Let's Go METS!!!

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bdgee
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Ok, so long as they aren't the mean nasty drivel you too often post, assaulting the character of someone purely as a partisan measure or for your own aggrandisement.
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Lockman
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Who's character have I assaulted in this thread that you felt I should be insulted?

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bdgee
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MINE!!!

"Oh excuse me. I'm sure you think you have the knowledge to comprehend finance at these sort of levels and intricacies. Stop being a pompus a-hole."

It is you trying to be a "pompus a-hole"

It is quite difficult to ignore a post that calls me names or insinuates falsehoods about me, which you do frequently, in this and in other post. You need to stop the insulting name calling crap, even if you do think it is ok for you to do it crap.......that's real crap.

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Lockman
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But here is the fact you need to get a firm grip on. It ain't a gonna happen that way, so stop being silly and stop the complaining, unless you can contribute something both feasible and functional. Admit (as you have several times, whether or not you realized it) that you don't have the knowledge to comprehend finance at these sort of levels and intricacies and back off the bytchin.

And this rant by you wasn't designed to humiliate and belittle?

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Let's Go METS!!!

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bdgee
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That's not a rant. it was written to tell you that you are so emotionally upset that you have gone off tilting at windmills. Nothing you say or do will alter the events in Washington, because you approach it with nasty language and insulting misinterpretations. You cannot win a debate by declaring the other side to be against you. They are supposed to be. After all, it was you that demanded the debate. They can't see you as much other than attacking them when that is the gist of your opening statement to them. You force them to defend not only their positions and opinions, but their character and good name. What do you expect? They do the natural thing and dismiss you and your ideas just as they have already seen you do to them.

And you have admitted you can't handle the intricasies of the economic mess. Try and get over your party line nastiness enough to read the post and stop interpreting things as fodder to react to and assault, like Rush. You should want to be better than him

Smile a little, dare to hear a joke from time to time. I am told it is good for the liver and for the stomach.

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jgrecoconstr
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It's no wonder most people don't offer an opinion or post on here. Lock asked a simple question WTF did it turn into a 20 reply arguement for.
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Highwaychild
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Well I don't know WTF it turned into a 20 reply argument for, but My 2 cents...
Don't use China, there is enough rich people right here in the Good 'ol U.S.A. take it from Them.
Take it from Mark Cuban for shorting our market, Dick Chaney for starting Halabertin, Al Gore for starting the Internet, Warren Buffet, Mr. Wall-mart, Kobe Bryant...LOL

Saddam Hussein ran his Countries people into the ground. He had everything, all the money, while his Country had to worry about their next meal... Well how many people do we have in our own Country right now ,I'd like to know, worried about their next meal?

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jordanreed
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yeah!!..Im starving!

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jordan

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Highwaychild
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Yeah, me too... And I also want a million dollars!
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Robot
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quote:
Originally posted by Lockman:
What would happen if the government wrote every U.S. Citizen a check for 1 million dollars.

We could try and work thru this ourselves.

This is an idea I've seen bounced around in the last day or two.

Nothing wrong with forward thinking, but it can take many twists and turns before it comes to the end product. So what about giving every legally registered home owner say $100 000 towards his mortgage. And $20 000 for registered renters or something like that.
This would be the only true stimulus package as the money needs to be in the hands of the people who will spend it.

But that won't address the big problem.

Or what if you create jobs in every possible work environment to keep people working at what they know.

To hard to do and take to long.

The money going to the banks is saving the country. For now. I think everyone was is surprised on a weekly basis with all the news coming out about who is going to court or how money is leaving the country.

The banks started this problem along time ago.

Get rid of the bankers!!!!!!!! OMG it's easy to see. Why is no one questioning the bankers like they did the auto industry? Hit them with huge conditions in exchange for bailout money. No compliance, let them default and take the bank.
Your going to own them anyway. Why let them off the hook?

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T e x
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fellas?

time now to rein in the insults. Please keep all arguments focused on the argument.

If the post about to be filed includes the words you or your, it may be time to reconsider...

--------------------
Nashoba Holba Chepulechi
Adventures in microcapitalism...

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Propertymanager
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The other problem with giving everyone a million dollars (or any other amount of money) is that we're essentially just borrowing the money and we'll have to pay it back with interest. Now, obviously China doesn't have 300 TRILLION dollars to loan us, but whatever the amount, borrowing money to give to ourselves and having to pay interest on it to foreign governments doesn't make sense. Neither does simply printing the money and paying for it in inflation. Either way, we're worse off than we were before.
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