Dominos to fall if U.S. debt ceiling not raised

Discussion in 'West Mall' started by A. BETTIK, Jan 15, 2011.

  1. YoLaDu

    YoLaDu Guest


     
  2. Uninformed

    Uninformed 5,000+ Posts

    Yo, thanks for the laugh. The basic point is that most stimulus packages are a total waste of money. Even if they made sense economically, by the time gov't gets around to implementing them, they are almost always too late. By the time their influence is seen, the economy is already on the upswing and the result is inflation. Unfortunately, stimulus packages have now become the norm and presidents use them to help keep numbers up for election purposes or to look like they are doing something when the economy is down. The first use just delays and then extends and deepens the recession and the second use as I already mentioned comes too late and causes inflation.
     
  3. MaduroUTMB

    MaduroUTMB 2,500+ Posts


     

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