Comments on: Massive Debt Hangover Requires Stimulus? http://www.debtreductionformula.com/blog/massive-debt-hangover/ Reduce Expenses + Increase Income + Discipline = Get Out of Debt Fri, 14 Oct 2011 01:06:08 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: William http://www.debtreductionformula.com/blog/massive-debt-hangover/comment-page-1/#comment-49235 William Thu, 15 Jan 2009 18:28:35 +0000 http://www.debtreductionformula.com/blog/?p=483#comment-49235 I guess you could call this the "hair of the dog" for the economy :-) @John - You're right, this whole "stimulus" package is just diluting the value of the dollar. Unfortunately, the people who are most affected by the fallout are also the ones who turn to the government to solve their problem, creating a snowball effect. The government needs to let businesses and people who overextend themselves fall flat on their face if there's any hope of fixing the problem. All these bailouts and stimulus ideas are only deferring the inevitable, and every time they do it the end result is going to get worse, not better. I guess you could call this the “hair of the dog” for the economy :-)

@John – You’re right, this whole “stimulus” package is just diluting the value of the dollar. Unfortunately, the people who are most affected by the fallout are also the ones who turn to the government to solve their problem, creating a snowball effect.

The government needs to let businesses and people who overextend themselves fall flat on their face if there’s any hope of fixing the problem. All these bailouts and stimulus ideas are only deferring the inevitable, and every time they do it the end result is going to get worse, not better.

]]> By: Ryan Healy http://www.debtreductionformula.com/blog/massive-debt-hangover/comment-page-1/#comment-49224 Ryan Healy Tue, 13 Jan 2009 16:59:06 +0000 http://www.debtreductionformula.com/blog/?p=483#comment-49224 @John - You're absolutely right. In fact, it may be time for a new version of Fahrenheit 451. Except in this new version they'll burn money instead of books. ;-) @John – You’re absolutely right. In fact, it may be time for a new version of Fahrenheit 451. Except in this new version they’ll burn money instead of books. ;-)

]]> By: John C. A. Manley http://www.debtreductionformula.com/blog/massive-debt-hangover/comment-page-1/#comment-49222 John C. A. Manley Tue, 13 Jan 2009 13:22:04 +0000 http://www.debtreductionformula.com/blog/?p=483#comment-49222 I don't think people get that 1) there's no money available to stimulate the economy 2) it can't even be borrowed. It would be better if they were borrowing it. This printing of money carries the heavier debt of inflation. The only way to repay such debt involves "burning" money or replacing the currency. I don’t think people get that 1) there’s no money available to stimulate the economy 2) it can’t even be borrowed.

It would be better if they were borrowing it. This printing of money carries the heavier debt of inflation. The only way to repay such debt involves “burning” money or replacing the currency.

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