Tyrannosaurus Debt. How many people realize the money for the economic stimulus does not exist?

Posted on July 2, 2009
Filed Under Debt Collection | 8 Comments

Thundercat asked:


There is no real money to fund this. It will have to be borrowed. More debt. How can more debt fix debt?

ANDREA
Update me when site is updated
Share and Enjoy:
  • Print this article!
  • Digg
  • Sphinn
  • del.icio.us
  • Facebook
  • Mixx
  • Google Bookmarks

Comments

8 Responses to “Tyrannosaurus Debt. How many people realize the money for the economic stimulus does not exist?”

  1. Croaker on July 2nd, 2009 10:59 pm

    FIDEL

    Well if you follow reaganomics some debt is good…not sure he would have ever pictured this…but then under reagan the debt doubled…as it did under W.

  2. jimbeaux on July 3rd, 2009 11:17 pm

    CORDIA

    Why, my wife and I do this all the time! Whenever we’re out of money, we just get our charge cards out and get a cash advance! Oh, sure, we’ll have to pay it back someday, but I’m going to enjoy the cash while I have it.

    Our Gov’t – “We can’t be out of money, we still have checks!”

  3. Its Kfed...byutch! on July 4th, 2009 7:31 am

    PURA

    We’re screwed.

  4. forty winks on July 4th, 2009 5:53 pm

    TOM

    The actual cost with interest is 1.2 trillion dollars ! And didnt Obama say that this will be the norm from here on out ? 1 triilion dollar budgets year in and year out ?

  5. Agent Smith on July 5th, 2009 10:00 pm

    ZONIA

    It’s called a Ponzi scheme.

    It worked for Bernie Madoff for years.

    Now the “pros” can try it.

    Tax, borrow or print money – you and I both end up paying in the end.

  6. KatrinaLimited on July 7th, 2009 12:09 am

    BRANDON

    Haven’t you heard…the printing plates for which will print this money are already being oiled up. Who needs real money anymore..our monopoly money will pay for this pipedream.

  7. enter name here on July 8th, 2009 5:54 pm

    VAN

    Oooo ooooo oooo… I do I do I do…. *flails hands above head*

    otherwise we would have to print more money and then inflation would go up and the value of our dollar would go down faster than the lire before Euro.

  8. Overt Operative on July 11th, 2009 2:10 pm

    MISS

    Never create debt unless that debt will create wealth.
    That is one of the oldest adages in the financial world. If borrowing this money is going to create more wealth, then it is the right thing to do.