Reply #43: Our problem is rooted in excessive consumer debt. I don't see how creating more debt will help

[Mr. Hyde]

I think they're trying to reverse deflationary trends by printing more money but these recent deflationary trends aren't related to money supply, they're related to lack of consumer purchasing power which is a result of excessive consumer debt (among other things now). They need to help the consumer reduce his/her debt load, not help give him more debt. That's like throwing a cinder block to a drowning man. I think they should let consumers draw money out of their IRAs tax/penalty free to pay down debt. For that matter, why not allow consumers to apply a sizable portion of their pre-tax income towards debt reduction? That's a life vest.