10-02-2008, 05:20 AM
That's all well and good to say, Lets suppose you have your savings in municipal bonds, cd's, treasury notes. Now what would this savers economy have you do with the money. withdraw it and deposit it in a savings account in a local bank, that may fail, at 0% interest since we are not going to make loans, to businesses or individual. Or perhaps gold? There has never been a civilization that did not loan money, just aint possible. Is our country over extended yes, course spending billions a week to prosecute a useless war doesn't help, but I don't see doing nothing as a viable option. I'm not interested in seeing my economic theroy proven right or wrong, I just want the guy on the street to be able to make a living. And on a selfish level, to have my 401K not fail. And yes I have read the proposal. Not all 400 pages, but the nuts and bolts.
dick wilson
dick wilson
dick wilson
"Nothing is idiot proof,because idiots are so ingenious!"
"Nothing is idiot proof,because idiots are so ingenious!"