Spend Your way To Prosperity
A Trillion is what a Billion used to be. When they pass this bill what they are doing is inflating their way out of a mess. The only people holding the bag will be Bond Holders and people who are holding currency or equivalents. Now don't expect to see a dramatic rise in prices, ya see we have allready seen them go up, what this does is put a floor under what used to be unsustainable price levels. So are we really richer, not really because we still live in the same ole house. Drive the same ole car, eat the same ole food.
One might look at this as an outcome of Iraq in that the USD has been declining in the world for a number of years. This was a way for all those pesky furiners to pay a tax, as the USD decline their investments in US T Bills and currency has been devalued going back into their own currencies. Thus they have lost purchasing power and value. Volia A TAX.
Also the American people are poorer for it as well, their wages have just taken a hit by the amount of the inflation. Ya see they ain't gettin no raises anytime soon. So instead of a pay cut to help match those pesky furin competitiors wage structure, we just inflated our way to it.
Now what is interesting is that the USd has been gaining as of recent. That means that those pesky furiners have similar problems at home. Especially if the USA consumes 30% to 50% of the owrlds goods and services. That eans higher unemployment over there if we don't spend spend spend.
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