Home Mail MemberMap Chat (0) Wallpapers
Go Back   ChiefsPlanet > The Lounge > D.C.

Reply
 
Thread Tools Display Modes
Old 09-28-2012, 11:28 AM  
Direckshun Direckshun is offline
Black for Palestine
 
Direckshun's Avatar
 
Join Date: Oct 2006
Location: Springpatch
Casino cash: $1202930
Outside the box stimulus idea. Don't say I didn't warn you.

http://www-personal.umich.edu/~mkimb...ck-29may12.pdf

To quote the study's author:

"Provide $2,000-lines of credit to every taxpayer, accessed through a government-issued credit card.

"The interest rate would be 6% per year, the money could be paid back over the course of 10 years, and the credit limit would gradually fall as the economy recovered and the stimulus from this extra borrowing power was no longer needed… most of the funds people borrow using these government-issued credit cards would eventually be repaid—particularly since the government can enforce repayment through payroll deduction. The unemployed would have their payments deferred, but once the economy is moving again, most people would have jobs with paychecks so they could repay… the stimulus effects of Federal Lines of Credit would be at worst only a little smaller than the stimulus from a $2,000 per person tax rebate.

"If 90% or more of everyone eventually repays, a $2,000 per person line of credit would ultimately cost less than $200 per person. With a good deal like that for getting the economy back in gear, maybe even Republicans and Democrats can agree on it."
Posts: 42,978
Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.
  Reply With Quote
Old 09-28-2012, 11:36 AM   #2
Donger Donger is offline
"Think BOOM!"
 
Donger's Avatar
 

Join Date: Nov 2003
Location: 33.675° N 106.475° W
Casino cash: $822
I'd rather just vote Obama out of office and get a pro-business POTUS in the WH. But thanks for the suggestion.
__________________
I think the young people enjoy it when I "get down," verbally, don't you?
Posts: 74,164
Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.
  Reply With Quote
Old 09-28-2012, 11:41 AM   #3
blaise blaise is offline
MVP
 

Join Date: Aug 2007
Location: Plano, TX
Casino cash: $9753753
Holy shit.
Posts: 19,448
blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.
  Reply With Quote
Old 09-28-2012, 11:43 AM   #4
HonestChieffan HonestChieffan is offline
Country Santa Year Around
 
HonestChieffan's Avatar
 

Join Date: Jan 2006
Location: In the Country in MO
Casino cash: $1255637
Breakthrough stuff. I admire people who can think through problems and come forward with real creativity.
__________________
Frazod to KC Nitwit..."Hey, I saw a picture of some dumpy bitch with a horrible ****tarded giant back tattoo and couldn't help but think of you." Simple, Pure, Perfect. 7/31/2013

Dave Lane: "I have donated more money to people in my life as an atheist that most churches ever will."

Come home to Jesus Dave. Come home.
Posts: 26,786
HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.
  Reply With Quote
Old 09-28-2012, 11:50 AM   #5
mlyonsd mlyonsd is offline
Supporter
 

Join Date: Aug 2000
Location: Spink, SD
Casino cash: $49110
How many people can the government hire to oversee this debacle?
Posts: 24,433
mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.
  Reply With Quote
Old 09-28-2012, 11:52 AM   #6
blaise blaise is offline
MVP
 

Join Date: Aug 2007
Location: Plano, TX
Casino cash: $9753753
Quote:
Originally Posted by mlyonsd View Post
How many people can the government hire to oversee this debacle?
A few thousand to distribute the money and then a few thousand to write off the money they can't collect on the loan.
Posts: 19,448
blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.
  Reply With Quote
Old 09-28-2012, 11:52 AM   #7
Iowanian Iowanian is offline
Assemble
 
Iowanian's Avatar
 

Join Date: Aug 2000
Location: The Jolly Barnyard
Casino cash: $428353
I'm down with EBT
....yeah you know Me

You down with EBT
.....yeah you know me



I know how to fix the national debt and job crisis....yeah! Free Money!
__________________
"Silence is Golden. Duct Tape is silver"
Posts: 49,047
Iowanian is obviously part of the inner Circle.Iowanian is obviously part of the inner Circle.Iowanian is obviously part of the inner Circle.Iowanian is obviously part of the inner Circle.Iowanian is obviously part of the inner Circle.Iowanian is obviously part of the inner Circle.Iowanian is obviously part of the inner Circle.Iowanian is obviously part of the inner Circle.Iowanian is obviously part of the inner Circle.Iowanian is obviously part of the inner Circle.Iowanian is obviously part of the inner Circle.
  Reply With Quote
Old 09-28-2012, 11:54 AM   #8
vailpass vailpass is offline
Yah Mules!
 
vailpass's Avatar
 

Join Date: Sep 2001
Casino cash: $99231114
A government issued credit card? Direckshun are you really in favor of government dependency and invasion or is your whole schtick an elaborate troll movement?
__________________
It don't matter what line we hand you
When we come a crawlin' in.
We ain't wrong, we ain't sorry,
An' it's probably gonna happen again.

T. Byrd
Posts: 36,268
vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.
  Reply With Quote
Old 09-28-2012, 11:54 AM   #9
Iowanian Iowanian is offline
Assemble
 
Iowanian's Avatar
 

Join Date: Aug 2000
Location: The Jolly Barnyard
Casino cash: $428353
Why don't we just skip directly to where you and Obama would like us...

Everyone turn all of their money and report to their govt assigned work camp where we'll all be issued the same box of dry noodles and money for the month....It's like the left wants all Americans to work for a coal camp and owe their life to the company store.
__________________
"Silence is Golden. Duct Tape is silver"
Posts: 49,047
Iowanian is obviously part of the inner Circle.Iowanian is obviously part of the inner Circle.Iowanian is obviously part of the inner Circle.Iowanian is obviously part of the inner Circle.Iowanian is obviously part of the inner Circle.Iowanian is obviously part of the inner Circle.Iowanian is obviously part of the inner Circle.Iowanian is obviously part of the inner Circle.Iowanian is obviously part of the inner Circle.Iowanian is obviously part of the inner Circle.Iowanian is obviously part of the inner Circle.
  Reply With Quote
Old 09-28-2012, 11:55 AM   #10
blaise blaise is offline
MVP
 

Join Date: Aug 2007
Location: Plano, TX
Casino cash: $9753753
"Why should I have money deducted from my paycheck to pay it back when there's billionaires in private jets?"
Posts: 19,448
blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.
  Reply With Quote
Old 09-28-2012, 11:56 AM   #11
vailpass vailpass is offline
Yah Mules!
 
vailpass's Avatar
 

Join Date: Sep 2001
Casino cash: $99231114
"If 90% or more of everyone eventually repays, a $2,000 per person line of credit would ultimately cost less than $200 per person."

Considering who the people are that would actually need/use a government credit card, what do you realistically think would be the percentage of those who repaid?
Considerably less than 90% would be my guess.
__________________
It don't matter what line we hand you
When we come a crawlin' in.
We ain't wrong, we ain't sorry,
An' it's probably gonna happen again.

T. Byrd
Posts: 36,268
vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.
  Reply With Quote
Old 09-28-2012, 12:33 PM   #12
Amnorix Amnorix is offline
In BB I trust
 
Amnorix's Avatar
 

Join Date: May 2003
Location: Boston, Mass.
Casino cash: $209019
Makes no sense at all, really.

EDIT: Ok, this is proposed as an alternative to a simple tax rebate. I suppose if the issue is "we need to stimulate consumption -- should it be a tax rebate or a credit card like this one", then I can see room for debate/discussion. IMHO those who assets took the rebate and banked it, so it's no different than what happens if you give out credit cards like this (those with assets wouldn't use it).
__________________
"I love signature blocks on the Internet. I get to put whatever the hell I want in quotes, pick a pretend author, and bang, it's like he really said it." George Washington

Last edited by Amnorix; 09-28-2012 at 12:43 PM..
Posts: 32,519
Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.
  Reply With Quote
Old 09-28-2012, 12:44 PM   #13
Amnorix Amnorix is offline
In BB I trust
 
Amnorix's Avatar
 

Join Date: May 2003
Location: Boston, Mass.
Casino cash: $209019
Quote:
Originally Posted by vailpass View Post
"If 90% or more of everyone eventually repays, a $2,000 per person line of credit would ultimately cost less than $200 per person."

Considering who the people are that would actually need/use a government credit card, what do you realistically think would be the percentage of those who repaid?
Considerably less than 90% would be my guess.

Yeah, but if you do one of those one-time rebates, the money is gone anyway, so if you're posing an either/or, that part doesn't matter much.
__________________
"I love signature blocks on the Internet. I get to put whatever the hell I want in quotes, pick a pretend author, and bang, it's like he really said it." George Washington
Posts: 32,519
Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.
  Reply With Quote
Old 09-28-2012, 12:45 PM   #14
Garcia Bronco Garcia Bronco is offline
No Keys, No Problem
 

Join Date: Sep 2000
Location: Denver
Casino cash: $74769
Why...so we can funnel money through the banks to get these cards? No thanks.
Posts: 21,856
Garcia Bronco Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Garcia Bronco Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Garcia Bronco Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Garcia Bronco Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Garcia Bronco Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Garcia Bronco Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Garcia Bronco Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Garcia Bronco Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Garcia Bronco Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Garcia Bronco Forgot to Remove His Claytex and Got Toxic Shock Syndrome.Garcia Bronco Forgot to Remove His Claytex and Got Toxic Shock Syndrome.
  Reply With Quote
Old 09-28-2012, 12:46 PM   #15
Rain Man Rain Man is offline
Has never visited Finland.
 
Rain Man's Avatar
 
JezzBall Champion Mahjongg 2 Champion
Join Date: Jul 2001
Location: 1.61 KM high city
Casino cash: $62699275
I miss the old days when the government programs built dams and electric lines.
__________________
In the final seven games of the 2013 season, the Chiefs averaged 34.6 points per game, scored 38 points or more 4 times, and went 2-5. The NFL has ruined the sport.
Posts: 73,969
Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.
  Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump


All times are GMT -6. The time now is 02:35 AM.


Powered by vBulletin® Version 3.8.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.