I live in the USA and I am concerned about the future. I created this blog to share my thoughts on the economy and anything else that might catch my attention.
Monday, October 13, 2008
Spend A Trillion (Musical Tribute)
This is the time of year, that we're forced to give
And the greatest gift is being forced to forgive
We will own the best valued banks that ever grew
When they forgive debt and we forgive too
We might wanna light a fire
Might try burning dollars
I believe it'll help us prolong
We'll still need fuel for our cars
All babies were thrown out, bathwater was too
I just wanna spend a trillion faster than you
It's so hard to believe
It was almost the end
Since all we think about is
Borrowing again
Whatever we lost, when it fell apart
It can drop from choppers in the dark
We might wanna light a fire
Might try burning dollars
I believe it'll help us prolong
We'll still need fuel for our cars
All babies were thrown out, bathwater was too
I just wanna spend a trillion faster than you
There's nothing more that I want to do
Than to "lie" here together
But spend cash much faster than you
Savings I just withdrew
So I could spend a trillion faster than you
We might wanna light a fire
Might try burning dollars
I believe it'll help us prolong
We'll still need fuel for our cars
All babies were thrown out, bathwater was too
I just wanna spend a trillion faster than you
We might wanna light a fire
Might try burning dollars
I believe it'll help us prolong
We'll still need fuel for our cars
All babies were thrown out, bathwater was too
I just wanna spend a trillion fast
I just wanna spend a trillion fast
I just wanna spend a trillion faster than you
The central bankers seem to have everything 'N Sync now. I think I'm getting all choked up.
Spend a Trillion
ReplyDeleteIt's funny how we as a country never seem to have enough money for schools, college education, health care, clean waterways, pollution controls, etc.
Yet TRILLIONS are suddenly available to bailout the wealthy for foolish investment decisions. Yet hundreds of billions is available for tax cuts for wealthy asset holders. A trillion is available to fund war and fund the military industrial complex.
Trillions being spent and yet the debt burdens and personal finances of average American's remain under severe stress. Worse still, the future work of taxpayers will have to support a larger interest burden from the government as well.
Yeah this is good deal for the majority.
What a sham.
Stag,
ReplyDeleteOne more (incoherent) thought.
I'm going out on a limb here with a guarantee: As soon as the bailout for the wealthy is secured, any further proposed fiscal spending will result in shockingly high interest rates. Mark my words.
Joe six pack will be paying for this fiasco forever.
What a sham.
MAB,
ReplyDeleteI'm going out on a limb here with a guarantee: As soon as the bailout for the wealthy is secured, any further proposed fiscal spending will result in shockingly high interest rates.
Does that mean you think there won't be a similar bailout of the restaurant industry?
That's too bad. I was looking forward to free food. Well, not quite free. The taxpayer would pick up the tab of course, eventually.
A trillion dollars certainly would have been a nice subsidy though. Buy a Big Mac for $3, get $5 cash back. I have to admit that really would have gotten me to eat out more.
A trillion dollars could have subsidized the first 200 billion burgers too. That's 666 burgers for each man, woman, and child in the United States (assuming 300 million population).
666 burgers? Woah. Why are all these burgers doing in my handbasket and where am I going?
Does that mean you think there won't be a similar bailout of the restaurant industry?
ReplyDeleteTime for another guarantee: there will not be a bailout of the restaurant industry. This guarantee is senior to my previous guarantee.
Here's the key point: in a free market fiat system, you just need to get the priorities right and then everything will take care of itself. It's guaranteed. We won't even need regulations.
BTW, I'm richer today than on Friday, but I feel poorer. Go figure.
Trillions being spent and yet the debt burdens and personal finances of average American's remain under severe stress
ReplyDeleteGood point!
deleveraging will continue until this little problem has been solved but the powers that be have been spoiled by our financial system that creates credit so easily and distributes it quickly throughout the economy.
Reminds me of people that have their pet stuffed at death and keep it around the house so they can imagine it still alive!
MAB,
ReplyDeleteTime for another guarantee: there will not be a bailout of the restaurant industry. This guarantee is senior to my previous guarantee.
Can I assume that the government is guaranteeing your guarantees? Not directly of course. It stands to reason that there is a very large private bank backing your guarantees and the government simply realizes that bank is way too big to fail.
That's the only way I'd feel safe, because I love complexity.
Anonymous,
Reminds me of people that have their pet stuffed at death and keep it around the house so they can imagine it still alive!
Taxidermy reminds me of two things: taxes and skin.
In other news...
Yay! My TIP fund isn't down big time today. Somebody finally decided the baby was worth rescuing. It's actually up 2% for a change.
What is it that makes a complete stranger dive into an icy river to save a solid gold baby? Maybe we'll never know. - Jack Handey
This money should be spent, not lent, into society on the basis of proven need. This will gradually reduce the overall burden of debt in society, break reliance upon the private banking system for the supply of money, open potential for change, and empower people democratically. The Money Reformers' proposal is not a left-wing, or right-wing idea.
ReplyDelete-------------------
jacksen
Buzz Marketing
spadamchrist,
ReplyDeleteThis money should be spent, not lent, into society on the basis of proven need.
Absolutely!
That's EXACTLY what I was thinking when the dotcom bubble imploded. Why did I get a capital gains tax cut? I didn't need the help.
The concept of trickle down economics is a complete sham. Give food (money) to the rich in the hopes some of it falls off the plate and lands on the floor?
The counterargument is that only the rich will reinvest it. That's a sham too. What did I do with my capital gains tax cut? I used it to REDUCE my investments. I used it to sell stocks at a premium in 2004 (using the power of hindsight anyway). I paid less taxes, saved more money, and therefore grew richer. That's what it did for me. Very little of it, if any, trickled anywhere.
We should all be ashamed. I certainly am.