For $700 BILLION, the government could have hired 25 million people for a year, $28K/yr

[El Pinko]

...and put them to work cleaning up after Ike, building roads and dams, planting trees, WHATEVER.

And all of those people would buy clothes and cars and rent apartments and pay taxes and boost the economy, probably more than it would have to throw it down into the bottomless gaping maw of Wall Street.


Just sayin'...

[maxsolomon]

1. that won't solve the problem of credit liquidity

not to mention that this is deficit spending, just like the iraq occupation.

we could be headed towards a 2nd WPA, but not just yet.

[El Pinko]

4. The problem is not liquidity, it's insolvency.

NT

[pnwmom]

5. What is your basis for saying that? n/t

[El Pinko]

6. Our nation is insolvent as are our companies.

We are drowning in debt and unable to pay interest on the debt without borrowing ever more and more. That is the definition of insolvent.

And the proposed solution to the debt choking our economy? More debt.

[BelgianMadCow]

2. I have been making similar calculations. What the Belgian gov just spent

is 5 TIMES what we have in our state pension fund.

Hellllooo?

The only thing I care about, is people's jobs. Seems to me plenty could be created with those kinds of money...

[David__77]

3. Right. There are progressive solutions.

Public works. Public credit extension. Jobs programs. We can do a whole lot with that money.

[TxBlue]

7. Need New Plan for New Deal

We need jobs. While 28k is not alot it's a start but they need to close loopholes for overseas tax breaks so jobs will come back home.

This plan that was voted on is not good. They say were in such hurt but it's been much worse in the 80's.

[juno jones]

9. 28K

Is more than I have ever made in an average year, damn right I'd love a New Deal.

[IndyOp]

8. DAMN IT!

...that I can't rec this thread 12 times!

:grr: