Forum Post: Easy Solution that would satisfy everyone.
Posted 13 years ago on Nov. 17, 2011, 9:13 p.m. EST by Owsjim
(29)
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Cut military spending and give everyone each year 3000 dollars with that money including children and babies.
So if you have 4 people in your family, that's an extra 12,000 dollars per year which you can go buy any American product you want.
What do you think.
**Update. I'm joking by the way. But we do spend like 7 times more than China, so if military and defense budget was brought down to China's level.. it would mean an extra $8,400 for a family of four per year. To think, you could go on a holiday right now for a month.
And if you saved that for 10 years, you would have $100,000 in the bank.
Oh but you do realize we spent 2 milliion dollars a day in that recent war in Libya and you can't forget that through our socialist government, we helped out the poorest of the poor on Wall Street and even some banks overseas.
there are no American products. See NAFTA.
The money they spent on the crime of colonising Libya and brutally murdering and displacing the citizens on behalf of the corporations was seen as an investment..
This is the change we hoped for.
Update. I was joking.
Instead of doing the bailouts Obama could have given any person in the workforce 75 or over 1 million dollars with the requirement that these people must buy a house and a car. This would open jobs saving the job market. It would have propped up the housing market and finally would have boosted the car market.
that would also increase inflation so that a carton of milk would be 100dollars
Where do you get that information. I'm sure it would raise a tiny bit for a short while but that would have been less than the inflation from the actual bailout and much less money would have been spent as well. I'm not saying it would be an insignificant amount of money just less.
giving everyone a million dollars would cause inflation. that's a fact. there was a latin country, i'm not sure which, but their solution to the recession was to print a crap load of money, in result their economy is a p.o.s and everything is inflated. in a utopia giving everyone a million dollars would be most ideal, but human beings are selfish by nature and therefore inflation would plight our economy.
Spending trillions of dollars bailing out banks caused inflation as well. Could it be Greece you're talking about?
i don't think they spent trillion(s) of dollars to bail out the banks. and nor did it cause inflation. as far as where i live, things such as groceries has only changed by a couple %, like it always does. inflation assuming there isn't more money added to the economy typically increases 3% every year. in highschool they taught us to finance to be on top of inflation. i dont' know if it was greece, but it doesn't really matter, because it happened.
The banks are part of the economy. The car companies are part of the economy. Putting money into them like you said would inflate the economy.
no clearly you don't understand the mechanics of inflation. if the governements were to give us 1million dollars, business especially places like Safeway(groceries stores) will say "oh hey look these people have money now, the value of milk isn't 5dollars anymore, due to supply and demand, milk is now worth 50dollars. i mean if they want milk then they will have to pay the price!" and if the finance departments are smart in all businesses, then everyone will be doing it. inflation does not necessary come into effect if banks and car lots are given money. its when the government gives money to the individual person.
I do enjoy the subtle insults. I'm not a moron and I do know this. As soon as no one buys any milk the prices go right back down and safeway has just made more money than they would have without it. Also I would like to point out the fact that I did not say everyone. I said every person in the workforce 75 years of age or older. A small percentage with less of an interest in what is the norm for everyone else.
well of course that would be nice, let me hit up my grandma for some money, maybe she'll buy me a lambo. oh hey look that old person has a credit card, lets go jack them
Well I guess you're supporting your idea of humans being naturally greedy. And just my 2 cents, credit cards are one of the major problems with America. Maybe instead of ridiculous demands like anit-gun laws you could require limits of credit cards.
and you're right, human's irresponsibility is one of the reasons why we are in the mess, due to taking out un-payable mortgages to credit cards, but giving money to irresponsible children is not going to teach them to be more responsible. if anything what you were suggesting is that you would give money to those people for them to spend. the act of spending is directly connected over-consumption, which is directly connected to credit card debt.
I thought you just said ppl would save.
And of course giving 1 million dollars to every person would cause inflation because then the Federal Reserve would have to print out that money.
More Babe Ruth rookie cards, the less it's worth.. simple as that but cutting taxes and decrease spending would not induce inflation. It's only if you printed more.
The cost of milk would not rise to 200 bucks because that money is our money.
In fact, the price of that bottle of milk may actually decrease because more businesses would want to sell you their milk with all this new money.
If let's say the bottle of milk was 200 bucks... how then would he make a living if you're saying no one would be able to buy it or are you just saying that 200 would be the new 2 dollars.... cuz everyone just has more money.. in that case then... everything would still be normal.
Part of the point of giving money to someone with so much life experience is that they know what to do with it. I guarantee to you that if my great grand mother, who lived during the great depression, was given a million dollars that none of it would be wasted
you are assuming that someone with "so much life experience" will act with good judgement.
The point of what I said was to prop up falling markets. The money would have to be used to buy a house and a car and anything left over would be for the person to spend. Whether it is spent right or wrong does not seem to be relevant. Besides, it goes along with equalized classes like OWS wants.
Yeah..that's brilliant :-/
Of course, I'm not serious but just imagine what would happen if Obama stopped listening to his funders esp the weapons dealers.
If he did that I fear that we would see what happened to Kennedy all over again :-(
China nationalized it's defense production so they pay next to nothing by our standards to produce military hardware. That's why everything they make is a copy of someone else's hardware.
and all this time, I thought the military industry in the U.S. was a national program..
Well I guess we can do one better than China.. we can tell them that we have nationalized banking.
We also spend 15 times more on the miliatary than Russia as well.
The other reason we pay so much is that we actually pay our military.
Ya and then just let China come and roll right over us great idea.
We spend 7 times more than China on the military and we got hundreds of more nukes. Ok you're right.. let's not fully get rid of the army... how about we spend as much as China does... and give every family of four, 8-9 grand not the 12 grand.
I'd go on an expensive holiday for 2 months with that 9 grand.
Not everyone is like you, the problem with a recession is everyone likes to save, if everyone saved that 9grand then it would have been pointless, not only that but you didn't take into account that since everyone has money now, businessses will be charging more for their products, Milk, 100dollars, stick of gum, 30dollars, hamburger, 60dollars, for everything else, theres inflation 250%
Well, not necessarily because half may save, but then the banks would lend out that money to others with interest of those who may want to buy a house or start up a business.
What's the point of saving if you can't use it. I'd say many would use it to start up something like a business.
i don't know where you live, but 9grand doesn't get you anywhere in San Francisco. One major reason why the terrorist hit the world trade center was to hurt our economy. in result news and the media encouraged people to spend money, to ensure the flow of money. but just like what people did in the Great Depression. we all saved the money, we didn't do the 'bank runs', but saved nonetheless. for the economy to survive it requires people to spend. but according to history, people are not known to do that.
So I guess you're saying is that we won't spend because we're too scared of the terrorists and so a better way to use that money is to bomb their countries...... hm.. but if there's blowback, the more fearful we become again and people would save even more and the more the military budget would grow. Lather, rinse, repeat.
Thank you for interpretating my reasoning into a fallacy. but with your reason, why stop at 9grand, why not give everyone 69205billion dollars, no one will be poor! but wait, that wouldn't work because of inflation. so why doesn't the government go 1984 style and just control everything, we can all be brainwashed and be content with our lives with our chocolate rations. of course there will be the occasional Winston Smith, but that'll be okay because the government just euthanize them.
we have that already with all of our I-things, addictive sugary food like substances, and carcinogenic manufactured surroundings... though i suppose letting people die from cancer is not euthanasia.
of course we don't let them die from cancer if i had a choice i think euthanasia would be barbaric, I like to think of myself of more of a humanitarian, we should start by the soylent green idea, and Jonathan Swift's Modest proposal.
Well first off, the budget is around 3 trillion, and there are 300 million Americans... so if we did get rid of the entire federal government, we would individually receive 10000 dollars and that would be an extra 10K we would be albe to hold onto each year.
The reason why inflation won't hit us is because most American dollars are overseas in reserve banks of other nations and billions are printed but shipped off to other countries. Lucky for us, oil is still purchased in U.S. dollars or Euros and Africa is still in debt to us. Now if they decide to chuck it, then we're all screwed.
inflation doesn't just hit America. the value of the US Dollar would diminish also to other countries. more than likely the world would "chuck it" just like what happen to Mexico before they had the pesos
I'll tell you this. The U.S. dollars isn't valued because of how Americans are using it.
monetary value and personal value is different
Inflation is something to fear, but what I'm saying is that decreased spending and decreasing taxes at home is not going to inflate the dollar, just as how any stimulus bill by Obama won't inflate the dollar neither.
Inflation in a more disastrous way will be determined overseas.
the reason why obama's stimulus bill did not inflate was because it did not actually add money into the economy it forgave or "cancelled out" the money that was in debt. the money that was in debt was not cash, nor was it existing, the debt was imaginary money that had a monetary value.
1 million dollars to each individual would cause inflation because the federal reserve would have to print up more money to do so.
Are you saying tax cuts and decreasing military spending would inflate the dollar? Because that's essentially, what I'm saying in the original post.
And yes, America is a world power..but it has to do with what's going on overseas as much or even more than here. If the U.S. dollar was not the main currency being used to purchase the world's oil, we would all be screwed.
But lucky for us, we now got Iraq, Libya, and Iran will be next probably within 2 years so we got some more leverage now to regulate the oil market. Even Obama's top think tanks are strategizing how to attack Iran. The story line will be again something to do with 'humanitarian.'
oh so you're talking about the bailouts.. So I guess you're not part of this OWS movement.
I believe there is a problem, i believe that it should be addressed, but i do not believe that the movement will get anywhere, i believe economically things will get better because America is world power and that is a leverage we can always use. back at the time of the bailout i believe that the republican's economic stance was a better idea than the bailout, but now that it is said and done, it is too late to change it. but i do not think that more bailouts for the individual will do anything but harm our society. of course i would love to have a million dollars, right when i get it, ima spend all of it, before inflation hits.
i also believe that the OWS requires a united front that it is currently lacking. i do not agree or disagree with the movement of it self, but i think its methodology will cause and/or causing it to fail.
I don't follow. Are you talking about the $15 trillion debt that we have.. that they tried to stimulated the economy by going more into debt?
If so, would THAT not add contribute to inflation?
the stimulus bill was not given to individuals so it did not effect economy. the stimulus bill forgave the businesses who were reckless because if those businesses were to fail, we would be in shit right now.
also, you refer to our country as a socialist government, if our country were to be a socialist government, we wouldn't be in this mess right now. everything, i mean EVERYTHING, will be government controlled, there will be ZERO free market. everyone would be working and doing things for the 'Greater Good' and for the 'continuance of our society'. we are not in a socialist society. we have have some socialist ideals, but that is only because there needs to be a balance between socialism and capitalism
You're one step closer to getting out of the Matrix.
If you look closer, you would see that EVERYTHING is controlled and that really there is hardly a free market.
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