Truth About The Economic Stimulis Package...

I don't know whether to laugh or cry.

Interesting... I thought the money was coming (created) from the Federal Reserve.

Here's another great video about putting all of this "money" into our system:

It's because people keep voting in filthy congressmen who feed their districts full of pork and as a result can do as they please. Murtha called his constituents racist and slandered US marines (who were later absolved of all charges) and the idiots in Pennsylvania voted for him anyway because he keeps shoveling federal cash down their throat. If people stopped voting for these filthy *******s things would change but unfortunately everybody complains about everybody else's congressman but happily props up their own.

I hate the fact that the "children have to repay China" later because I am part of the "children." I don't want to have to grow up and pay back money that I had no say in where it went to the Chinese. I mean, I'm a taxpaying citizen of the US but I get no choice in how my money is spent? That's garbage. Sure, I can send angry letters to my representatives, but what will that accomplish? These stimulus packages do one thing, spend money we don't have and put it on the shoulders of people like me that will have to pay for it later. We need to wake up and realize that spending money on everything won't solve our problems, rather creating programs to create jobs will be the real stimulation we need. Just look back at the Great depression, what got us out of it? Besides World War II, it was largely the programs that we created to help people get jobs. That's been far too overlooked while we hand out money left and right to every bank and car company that needs a little cash. Of course, I kind of expected that when Obama won it.

I am from Pennsylvania, but unfortunately, the people here are not what you call intelligent!

I am a Libertarian, and strictly hate the two party system (Repubs are too much of the bible thumpers now adays and democrats... well are democrats).

Anyhow, my point to this discussion is... Having a democrat fix the economy is like having a janitor conduct an open heart surgery.

Glenn Beck gets annoying, but that video is quite informational.

There is a fundamental flaw in the whole bailout dung heap. The wealth of this nation is created by debt, not assets. The fed pours money into the banking system and banks lend the money for something like home loans. But we have a deficit-reserve banking system. This means that banks only have to keep 10% of the assets held by them and the other 90% is lent out again. This process occurs over and over and over again. This is how the money supply grows.

Now the government is going to pump even more into the banking system. Normally that might work. The money would multiply and the economy would grow.

Enter the IRS. The main task of the IRS is not to collect (extort) money from citizens to pay the bills for the government. The government prints money as it needs it. The goal of the IRS is to simply remove cash from the money supply to prevent inflation. Without the IRS staling money from you there would be runaway inflation.

But now the government is about to do two things that simply cannot happen simultaneously: print more money and pump it into the economy, and--reduce taxes to help people out. These two things cannot happen together. If they pump money into the economy and cut taxes, there will be inflation the likes this country has never seen. Check out Venezuela, Argentina, etc. when they did this and 1000% hyperinflation per month ensued. The good news is that within a year we may all be millionaires. Bad news is that a loaf of bread will cost two million dollars.