Riddle me this you financially gifted types

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Originally Posted by Soterios

Have any credible sources or evidence to back that up?

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There is plenty of credible information you can find online. The US Government can track down and find the source where mad cow disease originated in days but they can't find Bin Laden hiding out and in a cave c'mon. If people heard on the news it was snowing in the middle of August in South Florida they would believe it. Where is the Weapons of mass destruction that Iraq had? Now were trying to go into Iran? It's all a lie and people like you believe it. I'm not trying to be mean or anything but I ill say if you don't believe it at least look into it from the other side. This country is being attacked from within and Colin Powell & Joe Biden publically said we shall expect a makor attack within the US soon after Obama is in office YouTube - Powell and Biden Predict Attack in 2009

I personally thought it was interesting that, when confronted about the fact that Al Quida only really became a confrontational force against us AFTER we invaded Iraq, the only thing Bush had to say was "So what?"

Albeit he's not going to be in charge much longer. But still. These are humans We The People are voting to represent and run us. They don't make much sense do they?

I think that was offtopic though, sorry.

It makes more sense to the gov't to continue keeping Americans in their pockets by allowing the banks to issue more loans to cover our old ones. That way, we still have to pay them off, just, instead of paying off four or five different companies, we're only paying the one loan. Ultimately, they're still controlling our money while making us feel more secure.

PS: That video, with the explosions and the popping up of the text, kind of freaked me out LOL

Yes, it sucks that the the gov't is coming to the rescue to the corporations and banks who were greedy, didn't look ahead, lacked foresight, etc.

But what would happen if the gov't stood back and said too bad, let the economy run it's course and we'll see what happens? I don't think the fallout would bode too well for the country. It would have a cascade effect that could cause the local and global enconomy to crumble.

I'm not real political, and I definitely am not an economist, but I think that this bailout is better than letting the situation self-correct.

Also, like someone said, the 700 billion is only just over $2000 per person, and if I remember the gov't already tried doing something like that called the economic stimulus package. And yet the economy is still going down the tubes.

I'm surprised nobody has mentioned they'd work if they had 23 mill, I think 70% of our workforce would just quit completely in turn shutting down our economy. The reality is most if not all jobs are essential we need all classes for our system to work.

If there are a million millions in a billion then my math was correct, it's 2.3 million per person.

If you had that money I suspect two things would happen. First, you'd pay off ALL your debts. Then you'd spend.

So what if you quit your job, you're not going to stop spending. Even people with more money than they'll ever need work, they just do what they want instead of what they have to in order to make ends meet.

People would have to learn how to live debt free, how not to be sweating all those payments. Hell, do away with credit entirely. If you can't afford it, don't get it. If everyone had a base, a pad, something to fall back on, would credit even be needed?

Screw the banks. They've screwed us long enough.

Did you know that Bank of America will now give undocumented aliens not only bank accounts but credit cards? In search of Profit they endanger all of us.

Anyway, I was just wondering.

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Originally Posted by Serpents_Den

There is plenty of credible information you can find online. The US Government can track down and find the source where mad cow disease originated in days but they can't find Bin Laden hiding out and in a cave c'mon. If people heard on the news it was snowing in the middle of August in South Florida they would believe it. Where is the Weapons of mass destruction that Iraq had? Now were trying to go into Iran? It's all a lie and people like you believe it. I'm not trying to be mean or anything but I ill say if you don't believe it at least look into it from the other side. This country is being attacked from within and Colin Powell & Joe Biden publically said we shall expect a makor attack within the US soon after Obama is in office

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You're grasping at straws, at best. You still haven't provided any real proof. Don't just blindly follow rumors.

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Originally Posted by wilomn

If there are a million millions in a billion then my math was correct, it's 2.3 million per person.

If you had that money I suspect two things would happen. First, you'd pay off ALL your debts. Then you'd spend.

So what if you quit your job, you're not going to stop spending. Even people with more money than they'll ever need work, they just do what they want instead of what they have to in order to make ends meet.

People would have to learn how to live debt free, how not to be sweating all those payments. Hell, do away with credit entirely. If you can't afford it, don't get it. If everyone had a base, a pad, something to fall back on, would credit even be needed?

Screw the banks. They've screwed us long enough.

Did you know that Bank of America will now give undocumented aliens not only bank accounts but credit cards? In search of Profit they endanger all of us.

Anyway, I was just wondering.

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If the American public was as responsible as you make them out to be in your post, the country wouldn't be in this mess. Giving irresponsible people money will make things worse. Look what happens to poor people who win the lottery. They're poor again within the year.

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Originally Posted by wilomn

If there are a million millions in a billion then my math was correct, it's 2.3 million per person.

If you had that money I suspect two things would happen. First, you'd pay off ALL your debts. Then you'd spend.

So what if you quit your job, you're not going to stop spending. Even people with more money than they'll ever need work, they just do what they want instead of what they have to in order to make ends meet.

People would have to learn how to live debt free, how not to be sweating all those payments. Hell, do away with credit entirely. If you can't afford it, don't get it. If everyone had a base, a pad, something to fall back on, would credit even be needed?

Screw the banks. They've screwed us long enough.

Did you know that Bank of America will now give undocumented aliens not only bank accounts but credit cards? In search of Profit they endanger all of us.

Anyway, I was just wondering.

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first of all, no it's only $2,333.33 (get out a calculator)

second of all, say it is 23 million....if everyone had $23m, and everyone quit their job, then no, they would not keep buying stuff...because there would be nothing to buy! How are you going to buy a new car or a new house when the people who make that car and house have quit their job?

Then we have an issue of inflation. That new car that cost $20,000 would cost close to a million, then if everyone quit their job and production stopped, supply would go way down as demand increases, meaning that Ford Escort could cost upwards of that $23 million you just got from the government.

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Originally Posted by wilomn

If there are a million millions in a billion then my math was correct, it's 2.3 million per person.

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Your initial premise is wrong. There aren't a million millions in a billion. There are a thousand millions in a billion. ;)

And I do believe handing out wild sums of money to every individual in the country would be just as destructive to the economy and social life as we know it as would be taking away everyone's money.

Think about it. Imagine yourself living in a destitute third-world country where money is scarce. Those people can look around and think, "Man, if the government would just give every person $1000, we'd all be rich and comfortable!" But look at America...virtually every single person can claim to have had, does have, or be able to obtain $1000. But do we feel rich because of it? Heck no.

Another thought: How many multi-millionaires are actually in debt up to their eyeballs??? Having money doesn't mean you don't want more...no matter how much you have. How many huge lottery winners ruin their lives because they don't know how to handle money? Now multiply that by millions of people.

And Emilio brought up an excellent point...how many people would actually be willing to go to work if they suddenly found themselves multi-millionaires? No garbage pick-up....no janitors....no 911 operators....darned few cops and firemen and paramedics.....nurses....lots of doctors bailing....electrical techs who keep our power running.....and on and on.

Wes, if you handed out 2.3 million dollars to each of 300 million people in the US, everyone's buying power is increased at the same rate, and sure, they might be able to pay off their existing debts, but the long term result will be hyper-inflation of everything that we normally buy.

Do you think wages would automatically adjust as inflation skyrockets? Throwing that kind of handout would be economic suicide.

Cars for $500,000 a piece, a whopper meal for $25,000....you get the picture.

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Originally Posted by Smith285

first of all, no it's only $2,333.33 (get out a calculator)

second of all, say it is 23 million....if everyone had $23m, and everyone quit their job, then no, they would not keep buying stuff...because there would be nothing to buy! How are you going to buy a new car or a new house when the people who make that car and house have quit their job?

Then we have an issue of inflation. That new car that cost $20,000 would cost close to a million, then if everyone quit their job and production stopped, supply would go way down as demand increases, meaning that Ford Escort could cost upwards of that $23 million you just got from the government.

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I wouldnt quit my job....

If everyone all of a sudden got 23 million, do you think that prices wouldnt go up to try to get as much out of people as they can? Suddenly a 20K car, would be a 200K car...... I have no doubts the costs of things WOULD go up if everyone were suddenly 23M richer.... even 2.3 million.....