Homestead mailing list

["TradingPostPaul" <tradingpost AT riseup.net>]

A little common sense economics can clear up misconceptions. That $3
trillion is $3 trillion we didn't have. It's largely being borrowed from
other countries including China. Pouring $3 trillion into our economy fuels
inflation and we're only starting to see the murderous effects on our own
people now, the elderly on medicare, anyone on a fixed income, students,
you name it. That same inflation is driving the cost of oil, gasoline,
diesel, food, and other necessities. Plus the part of it we can't borrow
has to come out of other federal programs, including education and other
programs, or they have to print more money which they're doing by bailing
out the big banks right now, and that further fuels inflation. It's hurting
us now with recession and that's going to turn into depression eventually.
It's doubling the national debt, and no we don't owe it to ourselves.  It's
the same as if you spent a huge sum of money you don't have. You go broke.
It's madness and karma's a bitch. 

paul tradingpost AT lobo.net

*********** REPLY SEPARATOR  ***********

>From: Clansgian AT wmconnect.com
>Subject: Re: [Homestead] How would YOU spend 3 trillion dollars?
>To: homestead AT lists.ibiblio.org
>Message-ID: <ce5.2e161d8b.353b4bdd AT wmconnect.com>
>Content-Type: text/plain; charset="US-ASCII"
>
>
>
>> The occupation of Iraq will cost $3 trillion, America's most expensive  
>> conflict since WWII.
>> Can YOU spend that money better?
>
>I rarely get anywhere trying to penetrate the illusion that money is real,

>but perhaps one more try:   There is no $3 trillion to spend on anything
>better.
>
>Let's suppose that  decided that Americans are suffering under higher food

>prices and so you will spend that $3 trillion to help buy more  food for
>the 
>"poor".  The food you are eating right now was for the most part grown
>months 
>ago, and any food that is to appear on the market for sale in the next few
>months 
>has aready been planted (or born).  It doesn't just materialize out of
>thin 
>air because you have some dollar bills in your fist.
>
>So if you decide to spend that $3 trillion on food, what happens??  The
>price 
>of food goes up.  Way up.   Same with education, same with medicine, same 
>with clothing, or anything else you might want to spend that money on. 
>The fact 
>that the money is declared to exist doesn't mean that one more shirt, pair
>of 
>shoes, ounce of antibiotic, or educated teacher suddenly materializes out
>of 
>the dust.  The only thing that happens is that the price of those things
>for 
>everyone goes up.
>
>In this state they instituted the lottery a couple of years ago and the 
>argument for it was that most of the money was going for higher education
>in the 
>state, and I swear the promo actually went something like this.  "College 
>students in Tennessee pay $10K a year in fees and tuition but witht he
>lottery every 
>student will receive $5K  toward the $15K tuition."
>
>The $3 T going for the war effort is not $3 T of goods and services that 
>could be applied to anything else.   </HTML>