What is the difference between "a stimulus package" and "spending money you don't have" ?
Isn't borrowing another trillion dollars just pushing the economic fallout down the road for another 2 years? Did the last $800B bailout have any effect? Isn't this like saying, "Honey, I lost my job today so I think to maintain our standard of living we should take a $40,000 draw on our credit card and buy a new car, some new clothes, and maybe take a vacation" ? Won't there big a price to pay in the near future?
Asked By: Barometer Soup - 2/9/2009
Best Answer - Chosen by Asker
Nothing much in the plan will stimulate the economy... More
Answered By: Gop Girl 2 - 2/9/2009
Additional Answers (9)
The businesses who operated by the standards of our government have already closed. It is indeed a scary time in U.S. history. Our great grandchildren are going to label this the "What were you thinking" era.
Answered By: yoak - 2/9/2009
Nothing that I can see. Our children and grandchildren will be paying for years and years and years.
Answered By: Sjean - 2/9/2009
AKA We Are Batchit Crazy OR Where are we going and why are we in this handbasket?
Answered By: EssieLou - 2/9/2009
The price to pay in the future is interest. America has always enslaved countries, by giving them protection, arms, money, etc. The shoe is on the other foot now, where we rely on foreign oil, and owe a huge debt to China. If they were to call in their loan, it would bring this country to its knees. On another note... More
Answered By: ajcsviper - 2/9/2009
Its like having cancer and they are going to treat your cancer by giving you more cancer.
Answered By: drjpba - 2/9/2009
Well, it really depends on how you believe in economics... More
Answered By: Michael H - 2/9/2009
A stimulus package is meant to stimulate the economy "short term" ..as any recession has only a 5 to 11 month lifespan if left alone by government and will correct itself ! Spending money you don`t have is the reason you need a stimulus bill in the first place , and naturally "spending money you don`t have" is the... More
Answered By: cshs1960 - 2/9/2009
you are very confused....these are very different things....Ok, using your example of the unemployed person. I actually did that years ago. My husband had a great job & was unemployed in 1982. My kids were not in school yet so we went to Disney World & Epcot just opened. Since then one of my sons passed away so instead... More
Answered By: celebrate - 2/9/2009
Answered By: consrgreat - 2/9/2009
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