PSX5Central
Non Gaming Discussions => Off-Topic => Topic started by: clips on February 01, 2009, 09:47:09 AM
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I was at my sisters house last night and we were talking about the state of the economy. We were talking about how much the gov\'t has pushed into the system combining the first stimilus from bush\'s 700 billion and from the about to be approved 819 billion from Obama. My brother in law stated that he went online and saw somebody crunching these numbers and came up with an interesting scenario.
He stated that with as much money that bush and obama have put into the system, and if the money was given to the american public...each head of household in america, meaning everybody that either rents or owns a home would receive somewhere around 1.2 million each or a little bit less each.
My question to you is, why haven\'t the gov\'t actually done this? The money provided would also be enough to take most americans out of debt and cure the foreclosure crisis and they\'ll have some left over to spend in the economy....this of course is assuming his numbers are correct,...i also stated stated that even if this was true, what happens to the money for gov\'t programs and money for state projects? Would there be any money left for that, if all the money is given to americans as stated here?
This is getting long, but basically we were stating that the gov\'t actually depends on the american public to be in debt, that in fact they really do not want anybody to be debt free...it\'s a little bit of a high strung conspiracy theory, but i just want everybody\'s thought\'s on this....aggh i tried to make this as short as possible people, but i hope you guys read this, as i really would like a response from everybody.
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I was at my sisters house last night and we were talking about the state of the economy. We were talking about how much the gov\'t has pushed into the system combining the first stimilus from bush\'s 700 billion and from the about to be approved 819 billion from Obama. My brother in law stated that he went online and saw somebody crunching these numbers and came up with an interesting scenario.
He stated that with as much money that bush and obama have put into the system, and if the money was given to the american public...each head of household in america, meaning everybody that either rents or owns a home would receive somewhere around 1.2 million each or a little bit less each.
My question to you is, why haven\'t the gov\'t actually done this? The money provided would also be enough to take most americans out of debt and cure the foreclosure crisis and they\'ll have some left over to spend in the economy....this of course is assuming his numbers are correct,...i also stated stated that even if this was true, what happens to the money for gov\'t programs and money for state projects? Would there be any money left for that, if all the money is given to americans as stated here?
This is getting long, but basically we were stating that the gov\'t actually depends on the american public to be in debt, that in fact they really do not want anybody to be debt free...it\'s a little bit of a high strung conspiracy theory, but i just want everybody\'s thought\'s on this....aggh i tried to make this as short as possible people, but i hope you guys read this, as i really would like a response from everybody.
you might wanna check your math, \'cause you\'re way off!
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- approximately 300.000.000 people total
- 1 in 3 owns a house(?) this is just guessing though, doesn\'t have to be all that exact anyway...
- 100.000.000 house owners
- 700.000.000.000 + 819.000.000.000 equals 1.519.000.000.000
- 1.519.000.000.000/100.000.000=15.190
- so that would mean 15.910,00 dollar for each head of the household. It\'s a decent amount, but not even close to your 1.200.000,00.....
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where did you even think they could get that kind of money from?! lol
maybe next time you think before you speak/post....
I know, triple post.... didn\'t feel like editing...
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Edited:
politiepet is right with his math. That there only $15,190 per family of 3 if all of the $1.519 trillion of dollars are distributed to every family evenly.
Except he put the periods on the zero instead of the comma on the big number. Beside that, his math is correct.
the reason why i edited this is because I thought it was $15.19 but its actually $15,190...i need to be careful with calculating number next time with all the zeros...:D
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Anyway, $15,190 is still a lot of money, or about $5,063.33 per person. $15,190 is about the same amount a low income person would make per year. Maybe a bit more than a low a income would make a year.
Thinking about it, it\'s really shocking of how much money the U.S. government spend on whatever is going on in the economy. To this day, I am not even sure of what\'s really going on that the U. S. government needs to bailout some companies $700 billion of dollars either. That\'s a lot of money there. How are they going to recoup the money they bailout so much on?
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the us government isnt a business in the same sense that these corporations are businesses. their job is to raise money in order to run the country through taxes and other means, and in cases like this, use their money to bailout these corporations and get the country\'s economy going again.
theyre supposed to recoup their money by the economy picking back up, more people getting jobs, more people paying taxes, etc.
it\'s the safe way to try to recoup the economy. the safe way also has a lot of downsides, especially with these stupid fucking corporations using the bailout money to pay off bonuses
if they didnt bail them out, they\'d go under. and who knows what would happen if that happened.
as for clips idea..the numbers do sound wrong. and the country as it is now was built on debt. the people got their luxurious life styles through debt and the goverment is going to be paying china till the end of days because of debt. a lot of loan companies got more money because of debt, late payments, and probably the most asinine idea every made by man (interest-only loans)
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how much are we in debt so far? do people who works that pay taxes reduce the debt that was enormous?
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how much are we in debt so far? do people who works that pay taxes reduce the debt that was enormous?
http://www.brillig.com/debt_clock/
its a number you cant even fathom..kind of like the size of the universe
our taxes are spent on everything..roads, government programs, the war, the list is miles long..so after spending money on all of that, then maybe some money will pay off the debt..but it\'d have to be pretty minimal. id almost say the government would exhaust the money they get from taxes to pay off everything except for the debt.
i dont think anyone knows how well chip away at the national debt
edit: thinking about it..im not totally sure how they decide what taxes go to the national government, which go to the state, and which go to the city. like sales tax here is cheaper than it is in el cajon, california..and oregon has no sales tax
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so, the U.S. debt is over $10.6 trillion of dollars. Who do we owe that money from?
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If they pumped that money directly to the taxpayers, inflation would skyrocket.
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where did you even think they could get that kind of money from?! lol
maybe next time you think before you speak/post....
Heh...well i did say that i didn\'t come up with those numbers...i stated that my brother-in-law saw somebody online that was crunching those numbers, and i never really challenged it, we were basically just talking about the state of the economy in general, and how much would it take to get the american public out of debt.
Good job in crunching those numbers tho politiepet!!..:thumb:....whenever i come across a large sum of cash for investing i\'ll make you my financial adviser...:fro:...and much RESPEC` to everybody else for their comments.
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if no one owed banks any money they would go out of business
our economy revolves around interest loans
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In other news, Obama\'s approval rating sunk to 55% today (and dropping). His approval is dropping quicker than any President in US history.
Not saying that trend will continue, just stating the facts.
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i think its because he hasnt really done anything. plus it was so high to begin with and hes not going to be that much different from other presidents (at least not as different as his support was compared to other presidents)
maybe people dont get the system of having to make a bill, fail to get it passed, revise, fail, revise, pass, implement..going to take forever for them to come up with a bill let alone for things to get fixed (praying that their ideas work)
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Do you think we could get rid of a lot of our nations debt if Obama would just appoint more people to cabinet and committee positions so we can find out how much in back taxes they owe?
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Where did you see 55%? I see him in the mid 60s...
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http://blog.seattlepi.nwsource.com/seattlepolitics/archives/160867.asp
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only you would take notice to a poll taken on a president one whole week after inaguration
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In other news, Obama\'s approval rating sunk to 55% today (and dropping). His approval is dropping quicker than any President in US history.
Not saying that trend will continue, just stating the facts.
Sinking from what?
Not like he was at 100% from day one.
It is all relative
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only you would take notice to a poll taken on a president one whole week after inaguration
from a blog no less! LOL