Let's Default AND Shutdown

[Professor]

Obama said that he won't go with the coin.

Of course, he's promised lots of things before, and then done the opposite. So, who knows.

[spacemonkey]

Some of the trillions being passed out needs to go to consummers, not institutions. Why? Consummers drive the economy, not institutions.

[Indy]

[Professor]

[The Comrade]

i think he's talking about corporate subsidies.

[Indy]

[Professor]

A corporation? Defined as:

1. an association of individuals, created by law or under authority of law
3. any group of persons united or regarded as united in one body

Sure looks like people to me.

My point is that money given to institutions is not really different than money given to individuals. In fact, money given to institutions can accomplish a goal much more easily than money given to individuals. When money is given to an institution, it's usually in the form of tax breaks or incentives. They are given if the company performs a specific action which the government deems good. But, when money is given to individuals, it's usually just given as tax rebates or things like that. And, the government has no control of how that money is spent. It can be spent on porn, booze, or whatever.

[The Comrade]

but we're a consumer driven economy. consuming is how we prop up this ponzi scheme of capitalism. giving money to consumers boosts consumption. why does it matter if it's porn or booze or cigarettes or whatever?

[Professor]

[The Comrade]

or they'll just hoard it like they've been doing for the last decade. or it'll just be swamped by their record profits.

and no matter how many tax breaks we give exxon they aren't going to repair bridges in ohio or repave roads in montana. corporate subsidies could pay for things like that which have a much better impact on the economy. i don't know how much money is wasted a year due to shoddy infrastructure. and that's just one example. imagine if we pumped that money into huge subsidies to individuals for installing solar panels? the benefits of that would be a huge boon to consumers who would save a lot of money in the long run and ease not only the strain on our power grid but also our planets resources.

or, again, we could just give profitable companies more money that they can sit on.