Kasz216 on 01 December 2010
| Squilliam said: Heres how it works. Wealthy get tax cuts, government goes into debt to pay for tax cuts, wealthy use tax money to buy bonds.
Anyway the banks are awash with money, they just aren't lending it out. Unemployment benefits are actually the most effective forms of stimulus, it has been estimated that 1.6M Americans are in work because of unemployment benefits being paid out.
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Yeah, unfortunitly the government has GREATLY increased the benefits of banks holding on to money.
We paid out money to stop a credit freeze... only so the government could offer the banks more money to cause credit freeze.
Why people don't realize tax cuts need to come with spending cuts i'll never know.
