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Originally Posted by Riot
What do you think would have happened to us, to the world, if banks were allowed to simply fail, if the major financial institutions didn't receive loans, if there was no stimulus package, etc? If none of the other industrialized countries in the world did the same as we did?
As distastful as it is to increase the deficit, it's the only way out of a recession, the only way to prevent a depression. Look at history. Regarding "hampering attempts at recovery", the biggest thing that does that is no cash flow. Yes, I know we are printing it. I am old enough to remember when the gold standard was removed.
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increasing the deficit isn't the answer-why increase one of the things that is causing our problems?? adding healthcare that we can ill afford
right now isn't either. proper actions by the govt would be helpful-this mess we've witnessed since january is far from that.
fdr removed the gold standard- i didn't know you were that old!!
