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 meams
Stranger(s)
Registered: 01/11/05
Posts: 3,160
Loc: Nawfuck VA
Last seen: 1 hour, 29 minutes
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Spend the money - it's yours. It's a plan by the government to try to revive consumer spending (which drives our economy). They think if you have more money, you'll feel less insecure about our current economic outlook, and as a result will spend it.
Then once you spend it - whatever you bought will put money into someone elses pockets, and then they'll go spend it (money multiplier effect).
It won't be taken back, and it doens't matter if we got it from china. We have 9.2 trillion dollars in national debt - a little more from a nation who won't call their loans in doesn't matter. 9.2T < 13.1T (US GDP). Our debt is huge, but so is our output - although we do need to start tackling it before it becomes unmanagable.
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mandolin.
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KetamineKatalyst
Skyhighatrist
Registered: 01/26/08
Posts: 841
Loc: beneath the surface
Last seen: 16 days, 19 hours
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 Re: Incentive package . . . [Re: meams]
#8381919 - 05/09/08 01:37 PM (5 months, 21 hours ago) |
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Is China not in debt at all? How do they have so much money? I know they have over a 1,000,000,000 people, much of who work full time, shitty paying jobs but I still don't get it.
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We've got the ketameans to change the world
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 LeftBehind
Stranger
Registered: 04/25/08
Posts: 182
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i dont think that comment about working full time is true.
its to help people out with no money. you never know though.
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meams
Stranger(s)
Registered: 01/11/05
Posts: 3,160
Loc: Nawfuck VA
Last seen: 1 hour, 29 minutes
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Re: Incentive package . . . [Re: LeftBehind]
#8381959 - 05/09/08 01:46 PM (5 months, 21 hours ago) |
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of course china has debt. everyone has debt. international monetary mechanisms are complex - i dont understand them fully so i won't try to explain 'em.
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mandolin.
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Lndrydusting
Forever new. . .
 
Registered: 02/19/08
Posts: 732
Last seen: 12 hours, 55 minutes
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Quote:
KetamineKatalyst said:
Is China not in debt at all? How do they have so much money? I know they have over a 1,000,000,000 people, much of who work full time, shitty paying jobs but I still don't get it.
Communist China. . . think about it. Also alot of the technology comes from there. Things are massed porduced in china because its cheeper but they get twice our business that way too. China has the top like 7 rich people in the world.
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Rest in peace Mom...
10/08/51 -05/21/08
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