fulldroolcup Wrote:
Aug 30, 2012 11:46 AM
People spending money taken from other people, i.e. taxpayers, only reduces the amount the latter can spend. Money generated by the FED and given to people only serves to weaken the currency and thereby reduce the real amount of money everyone has. Again, no net gain. Money borrowed from the Chinese and given to people only adds to the already-crushing debt, thereby further weakening the economy. IOW all such transfers of money DO NOT create jobs. If they created jobs, why have we had almost 4 years of 8%+ unemployment?