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General Investing and Economics Discussion - No Politics
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<blockquote data-quote="Deleted member 2897" data-source="post: 702422"><p>Everybody will want bailouts. I have started hearing some people say we need to approach this like a time of war, and I think they're right. If you're an advocate of the government trying to help, giving people a cut in payroll taxes or paid sick leave is nice but is nothing in the larger scale of things. What about all the travel and leisure companies shutting down. All those jobs. What about the restaurant industry that is getting demolished.</p><p></p><p>If you give every family $5000, that will certainly help for maybe a few months, but with 100 million households, that's $500 Billion. And that's before you get to business (small and large) bailouts. This could be like a $2 Trillion package. What annoys the crap out of me as a small government is person is that this is EXACTLY what the government can help with. That we've pissed away $20 Trillion already to study the sex habits of lizards and shoot people on the other side of the world is obnoxious.</p><p></p><p>This should also be a lesson to everyone, but I doubt they will learn from it. You should always have several months of expenses socked away for an emergency. If you lose your job or whatever, that's awful and nobody hopes that happens. But if you had 6-12 months of living expenses saved away, you would be able to completely manage through this situation without having to depend on someone else.</p></blockquote><p></p>
[QUOTE="Deleted member 2897, post: 702422"] Everybody will want bailouts. I have started hearing some people say we need to approach this like a time of war, and I think they're right. If you're an advocate of the government trying to help, giving people a cut in payroll taxes or paid sick leave is nice but is nothing in the larger scale of things. What about all the travel and leisure companies shutting down. All those jobs. What about the restaurant industry that is getting demolished. If you give every family $5000, that will certainly help for maybe a few months, but with 100 million households, that's $500 Billion. And that's before you get to business (small and large) bailouts. This could be like a $2 Trillion package. What annoys the crap out of me as a small government is person is that this is EXACTLY what the government can help with. That we've pissed away $20 Trillion already to study the sex habits of lizards and shoot people on the other side of the world is obnoxious. This should also be a lesson to everyone, but I doubt they will learn from it. You should always have several months of expenses socked away for an emergency. If you lose your job or whatever, that's awful and nobody hopes that happens. But if you had 6-12 months of living expenses saved away, you would be able to completely manage through this situation without having to depend on someone else. [/QUOTE]
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