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my take on the economy and the players
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<blockquote data-quote="wkmac" data-source="post: 501073" data-attributes="member: 2189"><p><span style="font-size: 15px">Patriotic Retirement?</span></p><p> </p><p>If my math is correct, the total cost of that idea would be $40 <span style="font-size: 12px">TRILLION </span><span style="font-size: 10px">and you think the debt being created now by Obama and the democrats is a problem!</span></p><p> </p><p>Just because a socialist answer seems perfect for you doesn't mean it's prefect!</p><p> </p><p>And I easily qualify for the Mil under your plan but I'd rabidly oppose such an idea. Not to mention the debt weight but the hyper inflation from this kind of injection into the economy would be diasterous. Talk of hyper inflation right now under current circumstances could prove premature as more and more Americans save and pay down debt (the reason the Keynesians are screaming for us to <a href="http://economistsview.typepad.com/economistsview/2008/10/paul-krugman-wh.html" target="_blank"><span style="color: red">spend</span></a> instead of save and payoff debt) which in both cases help take money back out of circulation, but many 50 plusers have paid down debt over the years and aren't as flopsided on their home equity as a 30 or even 40 something. I think more of that million would get spent into the economy which some may think a good thing but those extra dollars in circulation would force up prices and this would hurt 50 plusers as many are on or about to be on a more fixed income lifestyle. </p><p> </p><p>You idea for 50 plusers could in fact become a 2 headed monster!</p></blockquote><p></p>
[QUOTE="wkmac, post: 501073, member: 2189"] [SIZE=4]Patriotic Retirement?[/SIZE] If my math is correct, the total cost of that idea would be $40 [SIZE=3]TRILLION [/SIZE][SIZE=2]and you think the debt being created now by Obama and the democrats is a problem![/SIZE] Just because a socialist answer seems perfect for you doesn't mean it's prefect! And I easily qualify for the Mil under your plan but I'd rabidly oppose such an idea. Not to mention the debt weight but the hyper inflation from this kind of injection into the economy would be diasterous. Talk of hyper inflation right now under current circumstances could prove premature as more and more Americans save and pay down debt (the reason the Keynesians are screaming for us to [URL="http://economistsview.typepad.com/economistsview/2008/10/paul-krugman-wh.html"][COLOR=red]spend[/COLOR][/URL] instead of save and payoff debt) which in both cases help take money back out of circulation, but many 50 plusers have paid down debt over the years and aren't as flopsided on their home equity as a 30 or even 40 something. I think more of that million would get spent into the economy which some may think a good thing but those extra dollars in circulation would force up prices and this would hurt 50 plusers as many are on or about to be on a more fixed income lifestyle. You idea for 50 plusers could in fact become a 2 headed monster! [/QUOTE]
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