What Will Happen When The Bill Comes Due?

@gewcew23 (8011)
United States
October 29, 2009 3:47pm CST
Regardless of what you believe moneys does not grow on trees. Government can only only generate funds three ways; taxing, printing, borrowing. If it taxes it take money out of the economy, if it prints it dilutes the money in the economy, if it borrows the bill must be paid. Th Stimulus plan that is being praised for the increase in the GDP, which that is correct and should scare everyone. That Stimulus plan was paid for by printing and borrowing. So what ever increase in the GDP A)when ever the money dries up and B)when money supplies become diluted and the bill comes due. This will create a W effect. Normally during economic cycles we have V effects, which is we have downs and we have ups. When up have artificial money injection that create the bump that bump will come to an end then what do you have?
2 responses
• United States
30 Oct 09
What is going to happen? We are F*cked. That is what is going to happen. Not the CEOs who got all those milions of our tax dollars in bail outs. Not the auto companies that got "loans" they now do not have to repay....not the presidents (bush and obama) who okeyed all this spending...not our elected officials who voted for it. Oh no.....it is not going to hurt them one bit...as for the rest of us...well it is not going to be pretty. We have been robbed.....not only have we been ripped off and robbed....we are going to have to pay the people who ripped us off and robbed us even more money.
1 person likes this
@gewcew23 (8011)
• United States
30 Oct 09
It is somewhat like sentencing the victim of a home robbery to jail time for having items to steal.
• United States
2 Nov 09
exactly.
1 person likes this
• United States
30 Oct 09
The recession will turn out to be a full on depression--Japanese Lost Decade style, only I imagine we'll lose a lot more than a decade. Until we get fiscal responsibility among our elected officials, no repeat no earmark/porkbarrel spending, and an end to fraudulent spending will we be able to recover from this mess.
1 person likes this
@gewcew23 (8011)
• United States
30 Oct 09
I believe the second decade of this millennium will be our lost decade. The second decade gets the honor to pay for the fallacies of the first decade.