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Registered
Join Date: Apr 2001
Location: Linn County, Oregon
Posts: 48,517
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National Debt
Bob Brinker, on today's"money talk" radio show, said that at 4%, it now costs
$440 BILLION in Interest alone to keep up with the national debt...annually! What? Me worry? Why should I? Congress obviously isn't! 
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"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent." -Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.) |
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04-12-2009, 01:37 PM
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I'm with Bill
Join Date: Jun 2005
Location: Scottsville Va
Posts: 24,186
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Yeah but Lord help me if I miss a house payment or two
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Electrical problems on a pick-up will do that to a guy- 1990C4S |
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04-12-2009, 01:46 PM
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Registered
Join Date: Apr 2001
Location: Linn County, Oregon
Posts: 48,517
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House payments? Some believe the USA is headed for a total currency collapse...
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"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent." -Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.) |
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04-12-2009, 06:38 PM
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I'm with Bill
Join Date: Jun 2005
Location: Scottsville Va
Posts: 24,186
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Well if they keep simply printing more and more money to fill the gaps collapse will have to happen to make the madness stop.
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Electrical problems on a pick-up will do that to a guy- 1990C4S |
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04-13-2009, 12:30 AM
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Dog-faced pony soldier
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You don't just dump $12,400,000,000,000.00 into circulation with no effect.
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A car, a 911, a motorbike and a few surfboards Black Cars Matter |
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04-13-2009, 01:54 AM
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THE IRONMAN
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Quote:
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1984 911 CARRERA RUBY RED TARGA SW CHIPPED-BURSCH CATBYPASS MONTY FREE FLOW EXHAUST <IN GAS WE TRUST> |
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04-13-2009, 02:49 AM
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Bandwidth AbUser
Join Date: Nov 2001
Location: SoCal
Posts: 29,522
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Quote:
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Jim R. |
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04-13-2009, 04:04 AM
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Registered
Join Date: Mar 2004
Location: Summerville, SC
Posts: 2,057
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Quote:
Seriously, one actually has to wonder if just "printing and giving" money to the population would have worked better as a "stimulus" in the economy, rather than the current policy of "printing and spending" of money through government programs. Consider $12.4 trillion being printed and given to the roughly 100 million tax return filers. That would translate into $124,000 for each person that filed a tax return. Some would use that to offset the taxes they pay, some would use it to pay down debt, some would just blow it on things like new cars and big-screen TVs. Ultimately, it would still cause the same price inflation in the economy that the "printing and spending through government programs" will cause, but one has to wonder if the "temporary boom effect" would be bigger with a wider population-based "stimulus." |
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04-13-2009, 06:27 AM
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Cars & Coffee Killer
Join Date: Sep 2004
Location: State of Failure
Posts: 32,246
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It would work better, but this "stimulus" is more about control and less about actually stimulating anything.
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Some Porsches long ago...then a wankle... 5 liters of VVT fury now -Chris "There is freedom in risk, just as there is oppression in security." |
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04-13-2009, 06:56 AM
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Registered
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“I am not worried about the deficit. It is big enough to take care of itself.”
-- Ronald Reagan What a good laugh that brought...
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techweenie | techweenie.com Marketing Consultant (expensive!) 1969 coupe hot rod 2016 Tesla Model S dd/parts fetcher |
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04-13-2009, 07:00 AM
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Porsche 914
Porsche 911 Carrera
THE ROADSTER
Sinister Dove
Gemini Boomerang
Porsche 996 Turbo Convertible
996 Turbo
