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In today's paper there was an article about what Montana is going to get from the Stimulus Package.
I notice that one of the things is tax refunds of $400 for individuals (or $800 for couples, which works out to $400 a head, so i don't know why they distinguish it).
Anyway. I don't think pissy little refunds like that stimulate anything. To paraphrse Lewis Black, a little payment like that doesn't do anything except make you realize how totally fucked you are.
There's other stuff too, though - college aid, Head Start stuff, highway construction, etc.
I don't know though, if this is the right way to fix the economy. I sort of think that some of the bad debts just need to go bad and clear out of the system.
Since banks and other lenders seem to be too dumb to realize that lending money to people who can't pay them back is a Bad Idea, I think there ought to be some more regulation in lending.
If there's going to be spending, I would like to see it in ways that would actually create industry and real wealth. I'm not sure how to do that, but I definitely don't think giving every Joe Schmo $400 is going to do it.
What do YOU think needs to be done to fix the economy?
please, be mean and contentious and have flame wars! It will help divert me from my worrying about Freyja, so it's all for the good.
I notice that one of the things is tax refunds of $400 for individuals (or $800 for couples, which works out to $400 a head, so i don't know why they distinguish it).
Anyway. I don't think pissy little refunds like that stimulate anything. To paraphrse Lewis Black, a little payment like that doesn't do anything except make you realize how totally fucked you are.
There's other stuff too, though - college aid, Head Start stuff, highway construction, etc.
I don't know though, if this is the right way to fix the economy. I sort of think that some of the bad debts just need to go bad and clear out of the system.
Since banks and other lenders seem to be too dumb to realize that lending money to people who can't pay them back is a Bad Idea, I think there ought to be some more regulation in lending.
If there's going to be spending, I would like to see it in ways that would actually create industry and real wealth. I'm not sure how to do that, but I definitely don't think giving every Joe Schmo $400 is going to do it.
What do YOU think needs to be done to fix the economy?
please, be mean and contentious and have flame wars! It will help divert me from my worrying about Freyja, so it's all for the good.
