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#31
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My theory is that things didn't get fouled up all at once. It was a slow process. We can fix things the same way (of course, first stop digging a deeper hole). Just go back to the original intent on this today, that tomorrow. Soon(well, not really soon) we get back to where we should be.
Oh and I have an idea what is really going on with the stimulus package too. Yes, spread all that money around and some people will spend it and create economic activity (usually a good thing, in moderation). The rest of the people will either pay off loans or save the money. Either of those two will put cash back into some financial institutions that are having liquidity and reserve problems right now. And all of that without the embarrassment of going to the Fed. window. |
#32
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That sounds well in theory, except the money that's part of the stimulus package is money that's borrowed, fueling inflation and making the deficit even worse.
Re. education, I think the federal govt should at least set some standards, otherwise you'll end up with traditionally stupid states like those in the deep south even farther behind in basic things like reading and math compared to the rest of the country.
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