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Obama - Spend Money, Cut Taxes...how?!

Obama - Spend Money, Cut Taxes...how?!

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Where is Obama getting this 1 trillion dollars he wants to inject into the economy while also cutting taxes?

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Two possible ways:

1) Money creation (i.e. seigniorage)
2) Debt

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Originally posted by telerion
Two possible ways:

1) Money creation (i.e. seigniorage)
2) Debt
1) causes inflation, right?

2) who is going to lend us that money?

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Originally posted by AThousandYoung
1) causes inflation, right?

2) who is going to lend us that money?
1) More than likely
2) China

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Originally posted by telerion
1) More than likely
The current crisis is depressing demand significantly, so some monetary easing might even help avoid deflation.

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Obama should legalize drugs and:

(a) Americans would relax
(b) Economy would boost

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Originally posted by Seitse
Obama should legalize drugs and:

(a) Americans would relax
(b) Economy would boost
What about prostitution and gambling? Might as well legalize it all, eh?

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Originally posted by whodey
What about prostitution and gambling? Might as well legalize it all, eh?
Yes, good idea.

Republican Senators do drugs, prostitutes (male and female) and gamble anyway, so it would be nice to cash in through taxes from those sources.

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Originally posted by Palynka
The current crisis is depressing demand significantly, so some monetary easing might even help avoid deflation.
Possibly.

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This won't help.

http://www.guardian.co.uk/world/2009/jan/21/china-censors-obama-inauguration-speech

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Originally posted by telerion
Two possible ways:

1) Money creation (i.e. seigniorage)
2) Debt
With all due respect I disagree with the use of the word 'create' here, in relation to how guvamint dirties up the idea of money by turning on the printing press. They actually destroy part of the value of every existing dollar held by doing this.

To create money, to literally make money there must be a good or service created on which to base the dollar.

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Originally posted by Wajoma
To create money, to literally make money there must be a good or service created on which to base the dollar.
Isn't this the whole concept of Imperialism in a nutshell? The US Sells Pax Americana to the world, and all the world has to do in return for this mirage of security is trade all the important strategic commodities as well base all foreign exchange transactions in US dollars. America for its part maintains the world's most powerful military machine and all it asks is that when things get grim that the rest of the world looks the other way while it prints more money. So it creates money by lessening its liability to foreign nations every time it devalues its currency. Nice work if you can get it.......

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Originally posted by kmax87
Isn't this the whole concept of Imperialism in a nutshell? The US Sells Pax Americana to the world, and all the world has to do in return for this mirage of security is trade all the important strategic commodities as well base all foreign exchange transactions in US dollars. America for its part maintains the world's most powerful military machine and all it ...[text shortened]... ity to foreign nations every time it devalues its currency. Nice work if you can get it.......
Guvamints all over the world are doing it.

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Originally posted by Wajoma
Guvamints all over the world are doing it.
Some of them are just better at doing it than others!

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Originally posted by AThousandYoung
Where is Obama getting this 1 trillion dollars he wants to inject into the economy while also cutting taxes?
The rich get taxed more, while the middle-class and poor get taxed less. Tax on the rich got badly skewed in their favour under Bush.

Is that enough to make up the difference?

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