Investors lose a trillion dollars in one day

[joeydb]

Originally Posted by Riot

I hate to break it to you "failed Reaganomics" followers, but unemployment benefits and welfare most certainly DO move the economy forward during a recession, by providing ready cash that is spent in the economy immediately. The churn keeps everyone afloat while the economy recovers. That is common financial knowledge. What "by definition" are you talking about? Not any accepted financial definition.

The right wing wants to take away any help for poor starving children. 25% of the children in this "great country, where the unemployed are just unmotivated" are living in poverty. You're on that bandwagon. Think about that.

Nine trillion isn't peanuts. And that's a BIG chunk of the 14.5 Trillion.

[Riot]

Originally Posted by joeydb

Nine trillion isn't peanuts. And that's a BIG chunk of the 14.5 Trillion.

Not in the real world. Only in scary right-wing panic land.

14 trillion = national debt

3.6 trillion - social security trust fund

4.0 trillion - Bush unfunded wars, unfunded Medicare Rx bill, other policies (ongoing expense)
3.0 trillion - Bush unfunded tax cuts (ongoing expense)

2.0 trillion - tax loss due to recession

1.4 trillion - Obama policies, temporary stimulus, etc (most paid back)