Englands's View of the American Recession and Rebate Checks

Rebate checks are on their way in the U.S., what does this mean, = Total absurdity, whenever you have the federal government dump a few billions of cash onto the market there will be a depreciation in the dollars worth-Compounding that situation (which unsurprisingly nobody is talking about) is where is that money being generated from? If there are no cuts in various Welfare Programs/military Expenditures, Public Services, Obviously that means that the rebate checks will have an attached Interest rate increasing the cost of borrowed capitol. There are only two solutions-1. Increased GDP to pay of debt or 2. Higher taxation for payment of debt.
Enjoy!!

Category:

News & Politics

Tags:

• World
• Economy
• American
• Recession
• Rebate
• Checks
• Enjoy!

[podman51]

Thank's for posting. I'm British, and I am willing to spend $600 on US goods when President Bush sends me a cheque, but that is one hell of a lot of money the Fed is printing. The world domination guy is funny, and the ladies who want to pay some bills are sensible - just don't let the President find out 'cause he is going to knock on their door and ask for the cash back.

[StandardJohnDoe]

That's the very strange thing about these checks, is that no one is sure where exactly that money is coming from, whether from bonds issued by the treasury or available tax receipts , either way the money will be paid back one way or another. No doubt there has been much speculation as to how the government will recoup their expense, one possible example is a "carbon footprint Tax" that will be imposed on everyone. Either way the economic situation seems to be falling for the worse.

[commodore64738]

Europe is managing it far better because the people are not so much in depts like the americans. Europeans are more able to help themself. America changed into a country of softeggs, they can't do a thing on their own, the only thing they can is consuming, they live in big houses, drive big cars and even mutate into a big and fat population. Americans are just not able to stop living over their financial circumstances. Now america has a stratum of extreme poverty, very sad. The party is over!

[CassieDynomite]

I never got my tax money back! fuck you bush!

[madzndean]

watch and wake up

[dontbeaprat]

I'm with you Ogham and when in doubt say nought! Interesting?

[LiptonGuy]

People collecting WELFARE, have bee getting FAT rebate checks, every single month.....for years.

[podman51]

Just as in the US, UK middle classes are struggling with debt. This morning BBC radio said that middle classers are queueing up at debt advice centres worried about mortage payments, secured loans and credit card debt. Just as Marx said, there will always be booms and busts. The middle class will probably survive. On the other hand, is time running out for fiat money? What gets me is how, with so much national debt, can the US and UK finance wars? Profits are going to privatiers.

[OghamTheBold]

Not sure what this was about

But that hot dog at the end looked very tasty