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6 Comments on A Stimulus Package. Is this what your were thinking as the way to repair our economy?
Stan, Just curious...unemployment is increasing every month (approaching 8% right now nationally). How would you solve that issue w/out having the government increase spending and hiring?
As Sean said, there are few families that have not been hit by unemployment. There is no "magic pill"
Without the stimulus package unemployment would continue to rise, interest rates would continue to rise, and foreclosures would continue to rise. If all of these things continue to rise where do you think we as a nation will be in a year, in five years? Something has to be done. I believe in job creation, stemming foreclosures to help find a bottom and purchasing mortgage backed securities to lower interest rate. I don't believe in spending any more than is completely necessary. Let's hope on this round there are some rules on how the money can be used.
Stan: The only way this would sound like a good idea... is if every dollar spent would bring back three or four or more times that amount in money moving in the economy, and in revenues brought in. It would appear that this IS the case... at least to me. I see it as kind of "priming the pump" to get things going again. As far as "borrowing from ourselves"... that is what Bush did for eight years... in ballooning the deficit. Did you complain when he was doing it ?
Sean- I don't have an answer. My point is that one would figure there have to be strong economists in Washington. If not in Washington I am sure they could find them and get a brainstorming group started to come up with a plan that could be monitored / controlled that would be effective without such high spending. You would think. That was my point. IF this is the way it has to be than fine. But do we know what has been looked at?
Mark -Good point
Karen-I was concerned than...
Vickie- if this has to be the way fine. But can we monitor how this is going to work. Or doee the money just need to be used anyway as long as get people buying again... this is not my field of work.. That is why I ask whether we have exhausted all our choices..
The economists ARE saying that we need to get people back to work. I don't like the debt, either, but doing nothing won't help. If you look at the items in the package, most of them DO seem to be geared toward creating jobs.