Stockman Scott's Political Debate Porch Message Board

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To: joseffy who wrote (87945)	5/4/2012 10:49:55 AM
From: Hawkmoon	1 Recommendation Read Replies (1) of 89447

Yep..and for the life of me, I don't know where it all went.. We doubled that national debt so that the TBTF banks had a "borrower of last resort", paid for through taxpayer dollars. They don't want to lend to the private sector (or the demand for borrowing is diminished), so they lend to the "safest" borrower out there.. the US Treasury. But I don't see where the gov't has spent that money wisely. There MUST be an ROI factored into gov't spending, even if it's negative in the short term. I don't see an ROI from giving able bodied individuals money to sit at home. I do see one from requiring them to perform community service, even if it merely involves picking up garbage, or filling potholes. The manner in which "liquidity" was injected into the system was based upon the private banks resuming lending and that's just not happening. Better to get people working (if only to prevent them from resorting to criminal activity to survive) and obtain some needed service or good in exchange. Hawk