Stimulus Package:

[Rob]

It is a slow day in the small Minnesota town of Marshall , and streets are deserted. Times are tough, everybody is in debt, and everybody is living on credit.

A rich tourist visiting the area drives through town, stops at the motel, and lays a $100 bill on the desk saying he wants to inspect the rooms upstairs to pick one for the night.

As soon as he walks upstairs, the motel owner grabs the bill and runs next door to pay his debt to the butcher.

The butcher takes the $100 and runs down the street to retire his debt to the pig farmer.

The pig farmer takes the $100 and heads off to pay his bill to his supplier, the Farmer's Co-op.

The guy at the Farmer's Co-op takes the $100 and runs to pay his debt to the local prostitute, who has also been facing hard times and has had to offer her "services" on credit.

The hooker rushes to the hotel and pays off her room bill with the hotel owner.

The hotel proprietor then places the $100 back on the counter so the rich traveler will not suspect anything.

At that moment the traveler comes down the stairs, states that the rooms are not satisfactory, picks up the $100 bill and leaves town.

No one produced anything. No one earned anything... However, the whole town is now out of debt and now looks to the future with a lot more optimism.

And that, ladies and gentlemen, is how a Stimulus package works.

[vanscottbuilders]

Excellent! This is an appropriate explanation of government economics.

And, like so many other government ventures into business management -

this is another big circle jerk!!

Hopefully they are all proud of themselves for giving us all of that "help" LOL.

Paul VS

[other dog]

Excellent! This is an appropriate explanation of government economics.

And, like so many other government ventures into business management -

this is another big circle jerk!!

Hopefully they are all proud of themselves for giving us all of that "help" LOL.

Paul VS

Hi Paul...thought you were shunning us since you've been maintaining such a low profile lately

[blueknight0517@yahoo.com]

Rob,

Very good on your study of Government economics, unfortunately you forgot about inflation. Because the governemnt prints the money that it uses to pay it's bills it takes more money for us to earn to pay our bills. The money has less value and takes more of it to purchase goods and services.

So, when everyone used the $100 to pay their debit. The inflation rate was such becaause of intrest and the fact the governmet is printing the money(having less value) to pay their debit, they all still owe $100. Plus the income taxes went up and the services, if any, they receive went down. So, it is possbile that they could owe more to each other because the money has less value.

And that is the way the Government moneytizes it's debit. Double digit inlfation or as they called it in the seventies "Stagflation" is just around the corner.

Hang on to your socks the ride is just beginning.

Jim

Edited March 20, 2010 by blueknight0517@yahoo.com

[Mike]

Rob,

Very good on your study of Government economics, unfortunately you forgot about inflation. Because the governemnt prints the money that it uses to pay it's bills it takes more money for us to earn to pay our bills. The money has less value and takes more of it to purchase goods and services.

So, when everyone used the $100 to pay their debit. The inflation rate was such becaause of intrest and the fact the governmet is printing the money(having less value) to pay their debit, they all still owe $100. Plus the income taxes went up and the services, if any, they receive went down. So, it is possbile that they could owe more to each other because the money has less value.

And that is the way the Government moneytizes it's debit. Double digit inlfation or as they called it in the seventies "Stagflation" is just around the corner.

Hang on to your socks the ride is just beginning.

Jim

Jim that was pretty good info for Rob......I teach an all girls economics semen-ar at night here and i'll be in the Farmington area to give a semen-ar real sooooooon.

You can cu...be their to if you want to cu along.

mike

[other dog]

Rob,

Very good on your study of Government economics, unfortunately you forgot about inflation. Because the governemnt prints the money that it uses to pay it's bills it takes more money for us to earn to pay our bills. The money has less value and takes more of it to purchase goods and services.

So, when everyone used the $100 to pay their debit. The inflation rate was such becaause of intrest and the fact the governmet is printing the money(having less value) to pay their debit, they all still owe $100. Plus the income taxes went up and the services, if any, they receive went down. So, it is possbile that they could owe more to each other because the money has less value.

And that is the way the Government moneytizes it's debit. Double digit inlfation or as they called it in the seventies "Stagflation" is just around the corner.

Hang on to your socks the ride is just beginning.

Jim

this is true. I might take what little money I have and invest it in pork and beans and crackers.

[GreenGiant2]

It is a slow day in the small Minnesota town of Marshall , and streets are deserted. Times are tough, everybody is in debt, and everybody is living on credit.

A rich tourist visiting the area drives through town, stops at the motel, and lays a $100 bill on the desk saying he wants to inspect the rooms upstairs to pick one for the night.

As soon as he walks upstairs, the motel owner grabs the bill and runs next door to pay his debt to the butcher.

The butcher takes the $100 and runs down the street to retire his debt to the pig farmer.

The pig farmer takes the $100 and heads off to pay his bill to his supplier, the Farmer's Co-op.

The guy at the Farmer's Co-op takes the $100 and runs to pay his debt to the local prostitute, who has also been facing hard times and has had to offer her "services" on credit.

The hooker rushes to the hotel and pays off her room bill with the hotel owner.

The hotel proprietor then places the $100 back on the counter so the rich traveler will not suspect anything.

At that moment the traveler comes down the stairs, states that the rooms are not satisfactory, picks up the $100 bill and leaves town.

No one produced anything. No one earned anything... However, the whole town is now out of debt and now looks to the future with a lot more optimism.

And that, ladies and gentlemen, is how a Stimulus package works.

I WAS AT THE ACCOUNTANT'S TODAY AND HE WAS TELLIN ME THAT NEWYORK STATE IS SO BAD THAT THEY ARE SENDING OUT PHONEY STATEMENTS SAYING THAT YOU OWE BACK TAXES. HOPING THAT YOU WILL PAY THEY SAY THAT IF YOU PAY BY 4/15/10 THEY WILL LOWER THE AMOUNT THAT YOU OWE. SOME TIMES THEY ARE GOING BACK INTO THETHE 80'S. ALL FAKE STATEMENTS UNLESS YOU DO OWE BACK TAXES.WHAT A SCAM,ONLY THE STATE COULD GET AWAY WITH THAT.WE ARE IN BAD SHAPE.