"This is not a mundane detail, Michael!"
SnakeDoc
Posted on 07/30/2010 10:43:45 AM PDT by klb99
So...I am not even close to a financial genius but there is something I've been thinking about since the whole $800B+ stimulus debacle that I've not heard anyone else talk about. What would have happened if, instead of putting us in hock for $800B+, this administration had simply give every man, woman and child citizen $1M? That is only about $300M instead of $800B. Everyone would have probably bought a house (fixed the housing slump), bought a new car or 2 (fixed the auto industry), most would have paid off debt (fixed the credit business), most folks would have bought clothes, housewares, appliances etc etc (fixed the consumer confidence index).
Some would have wasted the money - but I bet most would have used it as I described.
Where am I wrong???
I’d say the math.
Check your math.
$800 Billion is only $2,600 per person.
Because maybe there are more than 300 people in the USA?
You’re wrong in basic math. There are 300 million people in the US, not 300 people. $1m * 300m = 300 trillion dollars.
Well, how about the government gives a Million bucks to me and 299 of my closest FReeper friends?
“Where am I wrong???”
The goal is to destroy the United States and make it part of a New World Order—not rescue it as the nation our founders had envisioned.
the math is off by a million.
300 million each getting a 1 million would cost 30 gradtrillion dollars.
Please don’t give Obama any ideas.
300,000,000 people
1,000,000 each
that’s
300,000,000,000,000
Which is a lot of money.
the math is off by a million.
300 million each getting a 1 million would cost 30 gradtrillion dollars.
Please don’t give Obama any ideas.
Save yourself years of heart-ache and abuse and just change your screen-name now...
But you do hit on a valid point. Rather than spend 800B why not just lower taxes by that amount?
It would cost $300M to give everyone $1 ... not $1M.
SnakeDoc
Instead, he simply stole my $38000 IRA that was tied up in GM bonds along with that of many others.
Where am I wrong???
First of all, your math is wrong. Since there are about 400 million people in the US, 1M for each person would be be $400,000,000,000,000 (or 400Trillion) rather than $300M.
"This is not a mundane detail, Michael!"
SnakeDoc
I think everyone is missing the point.
Why did the ususal suspects hand pick the winners of the taxpayer lottery.
Obviously it is the BIG UNIONS and Wall Street crooks.
Americans played the IRS lottery (taxes) and lost.
Your 'logic' is far, far worse.
I hadn’t heard about that — did GM bonds become worthless when GM was bailed out? I just figured it was the GM bankruptcy that made them worthless.
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