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Originally Posted by Riot
Spending is, unfortunately, the answer to a recession or a depression. Don't forget the last time - people were essentially being paid to dig a hole, fill it up, dig another hole. If the government hadn't done anything (and this has been coming for some time, remember the previous administration did have a "hands off" policy pretty much for the economy, thus it worsened ... ), double the jobless numbers (Detroit automaker disaster, plus all the smaller manufacturing industries associated with that, that make parts) and add many of them in as homeless or starving. Ohio would probably be under marshall law right now. It would be very, very ugly.
Adding healthcare for the uninsured (40 million people max out of 300 million) - that's not a very expensive thing. Seriously - a trillion over 10 years, less than 1% of our budget.
I am really, really old  But what I was talking about was Nixon and gold. I vaguely remember the horror when Lyndon Johnson implemented Medicare. And healthcare - I wish Bush had done it. That was something he had talked about. He got distracted by wars. |
the war got us out of the depression. and two wars helped get us into this one.
i just read where we're going to spend millions to get afgani's not to plant poppy seeds. hell, we must be better off then i thought.
japan attempted the stimulus way out of their recession a few years back-it didn't work. that was one of the things mentioned when d.c. started ramping up talks about one here. wise is he who learns from others' mistakes. but i guess we're not that wise.