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To: Elroy who wrote (377430)	8/10/2010 12:45:54 AM
From: Little Joe	2 Recommendations Read Replies (1) \| Respond to of 793955

If we get the money from taxpayers we take money that taxpayers would have spent or invested in the economy. If we borrow the money we bring demand forward and bring the day of reckoning forward. It doesn't work and what is going on now proves it. lj

To: Elroy who wrote (377430)	8/10/2010 4:42:31 AM
From: KLP	1 Recommendation Read Replies (1) \| Respond to of 793955

The two financial types here keep talking about the Velocity of Money.....Here's a couple of things I found that might shed some light on your thinking (mine too) First from a couple of years ago.... The Velocity Of Money By: John Mauldin, Millennium Wave Advisors -- Posted Sunday, 27 April 2008 \| Digg This Article \| Source: GoldSeek.com Is the Money Supply Growing or Not? P=MV A Slowdown in Velocity If You Are in a Hole, Stop Digging And More Write-offs to Come South Africa, La Jolla, Toronto and Maine news.goldseek.com Then this one from just a few months ago: Tuesday, May 18, 2010 Velocity Of Money Chart 2010 Shows The Economy Is In Deep Trouble Our government is printing trillions of dollars to bail out everyone from Main Street to Wall Street to the one trillion dollar Euro Street bailout this month. You would think all that money being printed would lead to out of control inflation. But it isn't. Why? When you print trillions of dollars, the value of every existing dollar must decline. But it isn't doing so in dramatic fashion. Why? Because the velocity of money has plummeted. 3.bp.blogspot.com More at this link: 3.bp.blogspot.com

To: Elroy who wrote (377430)	8/10/2010 9:31:11 AM
From: DMaA	Read Replies (1) \| Respond to of 793955

Lottery money doesn't come from the lottery fairy. People contribute their discretionary dollars to it. Every 50 cents the winner has to spend is a dollar the losers don't have to spend (when you account for the cut the state takes and utterly wastes). That is the problem with magical economics like yours. It completely ignores the fact that to get a dollar for a drone to spend you have to take $1.50 from productive folks. Net everyone is poorer.

To: Elroy who wrote (377430)	8/10/2010 10:04:33 AM
From: J.B.C.	4 Recommendations Read Replies (2) \| Respond to of 793955

The guy that worked for $10 and saved increased GDP by that $10. Let us say 2 guys decide to build their own house on side by side lots. The 1st guy hires an average of 6 guys per day that all work hard every day. In 6 months they complete the house. This guy spends $180,000 in labor for those six guys, $200,000 for materials and $80,000 for the property. He now has an asset worth let's say $500,000 on the market for a new home. The second guy hires an average of 12 guys everyday. 6 guys work hard, the other 6 sit around all day just collecting their pay (The welfare recipients). This guy builds the exact same house and still finishes in 6 months. He spends $360,000 in labor, he spent $200,000 for materials and $80,000 for the lot. Has he built a house worth $700,000 or a $500,000 house? Welfare does not increase our value as a country. Jim