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ADL Colin · 01-19-2008, 08:54 AM

I'm not necessarily against it but the only way to get this money is future taxation.

We are looking at a increase in debt to be paid in taxes later. In return we will get about a 1% increase in GDP because face it if you give people who make less than $75k/year some extra money they are gonna spend it, not save it.

If Bernanke is right and we are facing a slowdown which could get close to recession but not quite reach it the extra 1% spending will increase the odds of not having a recession and probably keep us out of one. If Bernanke is wrong and we face a substantial recession then this is, as tony404 said, just a bandaid that ain't gonna help much. Two points of view. No one knows which is right.

01-19-2008, 08:54 AM
ADL Colin Too lazy to set a custom title Join Date: Feb 2001 Location: Tube Titans, USA Posts: 11,929	I'm not necessarily against it but the only way to get this money is future taxation. We are looking at a increase in debt to be paid in taxes later. In return we will get about a 1% increase in GDP because face it if you give people who make less than $75k/year some extra money they are gonna spend it, not save it. If Bernanke is right and we are facing a slowdown which could get close to recession but not quite reach it the extra 1% spending will increase the odds of not having a recession and probably keep us out of one. If Bernanke is wrong and we face a substantial recession then this is, as tony404 said, just a bandaid that ain't gonna help much. Two points of view. No one knows which is right. __________________ Adult Date Link - $50 PPS starting NOW! -- good and JUICY! skype = "adultdatelink"