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A stimulus alternative???

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???


TOPICS: News/Current Events
KEYWORDS: opusvanitymath
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1 posted on 07/30/2010 10:43:45 AM PDT by klb99
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To: klb99

I’d say the math.


2 posted on 07/30/2010 10:46:43 AM PDT by kallisti ("Think what you want. You're the one that has to live with your thoughts.")
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To: klb99

Check your math.

$800 Billion is only $2,600 per person.


3 posted on 07/30/2010 10:46:58 AM PDT by Haiku Guy (The Democrats will rue the day that Hopey Changey made the scene...)
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To: klb99

Because maybe there are more than 300 people in the USA?


4 posted on 07/30/2010 10:47:00 AM PDT by StolarStorm
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To: klb99

You’re wrong in basic math. There are 300 million people in the US, not 300 people. $1m * 300m = 300 trillion dollars.


5 posted on 07/30/2010 10:47:36 AM PDT by OldGuard1
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To: StolarStorm

Well, how about the government gives a Million bucks to me and 299 of my closest FReeper friends?


6 posted on 07/30/2010 10:47:55 AM PDT by Haiku Guy (The Democrats will rue the day that Hopey Changey made the scene...)
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To: klb99

“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.


7 posted on 07/30/2010 10:48:29 AM PDT by freeangel ( (free speech is only good until someone else doesn't like what you say))
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To: klb99

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.


8 posted on 07/30/2010 10:48:32 AM PDT by joebellis (Only you can control your future)
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To: klb99

300,000,000 people
1,000,000 each
that’s
300,000,000,000,000

Which is a lot of money.


9 posted on 07/30/2010 10:48:32 AM PDT by ClearCase_guy
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To: klb99

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.


10 posted on 07/30/2010 10:48:43 AM PDT by joebellis (Only you can control your future)
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To: klb99

Save yourself years of heart-ache and abuse and just change your screen-name now...


11 posted on 07/30/2010 10:49:00 AM PDT by Haiku Guy (The Democrats will rue the day that Hopey Changey made the scene...)
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To: StolarStorm

But you do hit on a valid point. Rather than spend 800B why not just lower taxes by that amount?


12 posted on 07/30/2010 10:49:38 AM PDT by StolarStorm
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To: klb99

It would cost $300M to give everyone $1 ... not $1M.

SnakeDoc


13 posted on 07/30/2010 10:49:41 AM PDT by SnakeDoctor ("Shut it down" ... 00:00:03 ... 00:00:02 ... 00:00:01 ... 00:00:00.)
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To: klb99

Instead, he simply stole my $38000 IRA that was tied up in GM bonds along with that of many others.


14 posted on 07/30/2010 10:49:59 AM PDT by bamagirl1944 (That's short for Alabama, not Obama)
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To: klb99
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. ....

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.

15 posted on 07/30/2010 10:50:49 AM PDT by VRWCmember
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To: klb99
Your math is off exponentially.

"This is not a mundane detail, Michael!"

SnakeDoc

16 posted on 07/30/2010 10:52:02 AM PDT by SnakeDoctor ("Shut it down" ... 00:00:03 ... 00:00:02 ... 00:00:01 ... 00:00:00.)
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To: VRWCmember
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.

Sounds like that guy is already working for the government.
17 posted on 07/30/2010 10:53:11 AM PDT by aruanan
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To: klb99

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.


18 posted on 07/30/2010 10:53:39 AM PDT by Marty62 (marty60)
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To: klb99
Your math is bad.

Your 'logic' is far, far worse.

19 posted on 07/30/2010 10:56:22 AM PDT by dirtboy
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To: bamagirl1944

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.


20 posted on 07/30/2010 10:56:58 AM PDT by OldGuard1
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