Search SEARCH

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
 
Terminology.....
Answered By: consrgreat - 2/9/2009
 
Sponsored results
Over 483 Local Jobs Now Hiring In Your Area. $18-$87/Hr - Apply Today!
Jobs.Quick-com
Click. Search. Apply. Free!
www.JobDiagnosis.com
Get Your Degree Online Sooner than You Think. Financial Aid Options
Degree-Accredited.com/Degree
Jobs hiring near your local area. Part-time, Full-time, Work at home.
www.HiringLocally.com

Other Career Questions

What is your current job? Why did you choose this job? What do you enjoy about your job? What do you dislike about your job? What would be your perfect job? Would you rather have this j...
3 answers - Asked By: drop pants not bombs!.♥ - 3/2/2010
Where are the jobs? Is productivity and globalization creating a permanent “recession” of jobs? My main issue is I am doing a paper for school and have no idea where to begin. I was hoping suggestions...
4 answers - Asked By: bayebd24【ツ】 - 11/21/2007
Hi ok im 19 and about to start college to do an acess course into a university. Ive been browsing through all the courses and im tottaly stuck! I thought politics but im scared ill end up with some r...
1 answers - Asked By: roseparkerly - 1/26/2009

Content is not owned or controlled by Monster. Any content concerns should be addressed with Yahoo!
Yahoo! Does not evaluate or guarantee the accuracy of any Yahoo! Answers content. Yahoo! Disclaimer.

Popular Articles

Best-Paying Work-from-Home Jobs Article Rating
It’s easier than ever to work from home. Of course, not every job is a mobile job, and some companies aren’t interested in having their employees work from home.
2013 Marketing Jobs Outlook Article Rating
The US may be facing another year of anemic hiring overall, but that won't be the case in the high-orbit world of multichannel, digital media marketing.
For Employers: Post Jobs | Search Resumes | Advertise
About Monster | Work for Monster | Advertise with Us | AdChoices | Partner with Us | Investor Relations | Social Media
Terms of Use | Privacy Center | Accessibility Center | Help | Security | Contact Us | Sitemap | Mobile
©2014 Monster - All Rights Reserved U.S. Patents No. 5,832,497; 7,599,930 B1; 7,827,125 and 7,836,060 MWW - Looking for Monster Cable? - V: 2014.1.40.24-216
eTrustLogo