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To: Broken_Clock who wrote (94301)	2/16/2009 4:32:03 PM
From: koan	4 Recommendations Read Replies (1) \| Respond to of 116555

>> please explain how one man, one town, one nation, all of humanity....can spend more than he/they have earned or worked for in order to induce prosperity. If you can prove how it works with a single person then it should be easy to extrapolate. Until then, don't bother me with propaganda. Lease that to Madison Ave., Wall St.'s cousin.<< koan: "I can do that. Say you buy an owner occupied fourplex for $300,000. The rents are $1000 a month. You just spent $300,000 you did not have, but borrowed the money. But the $4,000 a month is paying off your fourplex and one day the rents will be pure income plus you will have the equity of the foruplex. What Keynes and Krugman are sying is pretty much the same thing i.e. we borrow from the strength of the eocnomy during this depression, build a metaphorical fourplex, (say a new energy grid which can get us off of foreign oil), and other infrastructure like in WWII; and then pay back the loan when prosperity returns. Keunes was just saying the same thing i.e. we borrow when times are bad and pay it back when times are good. Bush did not pay it back when times were good, he gave it to his rich friends saying it was the people moiney, but not mentioning we owed 5 trillion dollars. Maybe he should have thought of that and paid it on our debt instead and he also spent it on stupid wars. How's that?

To: Broken_Clock who wrote (94301)	2/17/2009 7:12:26 AM
From: Dan3	3 Recommendations Read Replies (1) \| Respond to of 116555

Re: please explain how one man, one town, one nation, all of humanity....can spend more than he/they have earned or worked for in order to induce prosperity The problems we're seeing are from people having been over or under compensated for their past contributions (or lack of contributions). Mortgage brokers, CEO's, and retired auto workers have been overcompensated. Most wage and salary workers have been undercompensated. What if we paid Broken_Clock $10 trillion per year for being so smart, helpful, and just generally wonderful and paid every other person in the country 1 cent per day because we've decided that's all they've earned. What would happen to the general economy? (hint, it's sort of what's happening now) IMHO, some guy busting his or her butt to keep a MacDonalds running smoothly is worth a lot more than than a bank CEO who runs his bank into the ground making bad loans to boost his quarterly bonus. But which one took home the most in each of the past 10 years? Most wages and salaries were underpaid during the past decade and it's wrecked the economy. We need to reverse that and return some of the earnings that should have been paid, but weren't. Retroactive FICA tax holiday.