Where your money went

[Ugignadl]

It's probably just a small portion of the projects under the advertising umbrella.

[hiho]

Originally Posted by Terminal

Now here is money well spent. $18 million on a website.

$18M Being Spent to Redesign Recovery.gov Web Site - The Note

I've always loved this one. If they asked me, I could have done the site redesign for half the price!

[sfustsh]

http://www.gpo.gov/fdsys/pkg/PLAW-11...110publ343.pdf

Congress approves up to $700B, the money is approved. I don't know what you mean by the money isn't approved. Maybe I should bust this one out? "Read the bill!"

As it stands the FED is required to report to the house and senate committees (the committees are listed in the bill) every 30 days.

I'm having trouble understanding the point: You don't want the government to spend all this money and yet in your previous post you point out that it's the FED spending the money. It's not fair, then, to claim the government is misspending the money. I assume what you mean is that you would have preferred no money be spent on economic recovery in the first place, and that now even since the money is spent you think it's being spent in the wrong way (with no oversight).

Congress made provisions in the bill for oversight.

Maybe we should abolish the FDIC, then? If anything, this is not the time to be a budget hawk. More money should be spent immediately.

[Terminal]

What is the point of doing this I wonder? Every few years they just increase the debt ceiling. I realize this is just as much the Republicans fault as it is the Democrats. If your going to have a debt limit why not try to stay under it. It doesn't really mean a whole lot if you just going to raise it every time you spend more.

[hiho]

There is alot of stuff that needs to get done before the end of the year!

[Ugignadl]

Economy expands -> government income increases -> debt *can* be increased -> debt normally is increased

that's the (simple) reason i guess.

[sfustsh]

Originally Posted by Ugignadl

Economy expands -> government income increases -> debt *can* be increased -> debt normally is increased

that's the (simple) reason i guess.

I will say that the Glenn Beck economic stimulus package has really helped my portfolio.

BUY GOLD!!!

[Terminal]

Originally Posted by Ugignadl

Economy expands -> government income increases -> debt *can* be increased -> debt normally is increased

that's the (simple) reason i guess.

That is certainly how our government thinks it should work. The problem, as I see it, is US government income is decreasing. US revenue has fallen about 25% this year. State revenues fell by about 16%. I don't know, but to me that doesn't seem like a good time to be increasing debt.

[Ugignadl]

That's still fine, if you were below the max debt levels before that.

If you think your debt is bad, just look at Japan. Just to service their national debt they need ~25% of their GDP.

[Terminal]

Originally Posted by Ugignadl

That's still fine, if you were below the max debt levels before that.

If you think your debt is bad, just look at Japan. Just to service their national debt they need ~25% of their GDP.

I have always adhered to the philosophy of not jumping off the bridge just because all my friends did. Mom and Dad asked me that a lot growing up.