Originally Posted by
cpvdh
not disagreeing with these points, but...
of the $600 only a percentage of that will be actually going toward helping our economy, depending on what the taxpayer actually uses it for etc.
ideally the government should be able to use all of the $600 much more wisely to achieve its desired results, and not let us fawk it up, but then we dont get "free" money and are not nearly as happy with our wonderful USofA
will i get a full $600 even though i was only employed for half of last year?
should i?
im pretty sure i get an earned income credit this year, we will see soon enough though
That's the problem. This money is far from free. Regardless of where it comes from, it's cost is greater than the benefit
Those are all long term problems. What would you do for the next 6 months?
Free markets are notoriously great at correcting themselves. This wont be another 1929 by far. We need to let industry spend the next year rebuilding itself proper while we study what went on and see what we can do to prevent it from happening again in the future.
This sort of economic downturn is not the sign that the American economy is collapsing, but it could be if we panic about it and start throwing money we don't have at a problem that isn't being solved. Or at least it might be a sign that we no longer have an idea of how to economically conduct ourselves as a country... If we don't critically look at how we do business, things will get a fair bit worse in the next decade.