Originally Posted by
Epoch
The reason I "hate" this is because the money doesn't actually exist, and in the long term sense of what's best for the market, borrowing/printing 150 billion dollars is not smart. It doesn't actually help the average person, it devalues our current currency in the world market, we are not poised to take advantage of the potential devalued dollar... the actual benefit does not really exist.
For the record: If we actually had the cash in hand, and could do it without borrowing or printing the money, I'd be totally for it, but as it stands, we don't even know where the money is coming from.
Nobody ever has $150 Billion "cash in hand". Part of the money is used from already collected taxes, but printing more money is not even an option and thus won't have any effect on the devaluation of the dollar.
The FED doesn't just print more money. Doesn't happen. End of story.
Borrowing $150B is far more smart than doing nothing at all.