Can we spend our way to a better economy?

1 Answer

Answer :

Nobody really knows what is going to happen, so we can only anticipate what might happen. Some believe that if we continue to spend more money, we are going to generate more jobs, therefore putting money in people’s pockets who will then turn around and begin to buy again. Other people however believe that the money that is being spent is being spent foolishly. They believe that putting money into the pockets of irresponsible companies and/or failing companies will only prolong the companies life and not necessarily save it from going bankrupt. So in the end the trillions of dollars that are being spent will have no difference at all. It’s all based on your perspective.

Related questions

Description : How did you/will you spend your economy stimulus check?

Last Answer : http://msnbc.msn.com/id/22808757

Description : I spend way too much money on...?

Last Answer : Alcohol and eating out at restaurants.

Description : Do you think that if the economy doesn't get back on its feet, we will resort back to a legal barter system at least partially?

Last Answer : I have been bartering for years to some extent. You should see my pearly white veneers and the beautiful kitchen my dentist has! (Hubby is a contractor.)

Description : What do you spend your discretionary income on?

Last Answer : Entertainment, a few personal luxuries, and savings.

Description : Why do men spend SO much more money than women on their prostates?

Last Answer : Because women have an analogous, but not nearly as important, gland, but only men truly have a prostate. And the prostate has all kinds of interactions with both men’s sexual health and their urinary tract.

Description : How much do you spend on your pets?

Last Answer : My tapeworm is quite self sufficient.

Description : Do you attend product parties when you don't have money to spend?

Last Answer : I’m happy to say that I’ve never attended one of those things. I just politely decline.

Description : How much do you spend on music per year?

Last Answer : I don’t know, but it’s sure to be a fair few…ahem, notes!

Description : How much do you spend on alcohol in a year?

Last Answer : 0

Description : What aresome things that you tend to spend a lot of money on? What are some things you are cheap about?

Last Answer : answer:Things I willingly and freely splurge on: 1. Gun stuff 2. Books (especially from used bookstores) 3. Vinyl LPs 4. Dinner and drinks for friends Things I am stingy about: 1. Everything else

Description : How much would/did you spend on a wedding?

Last Answer : I really like small and simple weddings; mine cost easily under $2,000. However, that doesn’t seem to be the way most people do it these days.

Description : Why would anyone spend $26,501.oo on a wedding?

Last Answer : answer:I believe it. I was first married in 1989 and weddings were running about $20,000. then. This is for the ceremony and reception. Why do people do it? Most want to share what ... across the states for an 8 day celebration with them, all expenses paid. Different strokes for different folks.

Description : What should I spend my remaining $15 on?

Last Answer : Go to a movie.

Description : Can I deposit a rebate prepaid debit card into my bank account or do I have to spend it at a store?

Last Answer : you could spend it on groceries… that way it wouldn’t be something you don’t need.

Description : How much money do you spend in a day?

Last Answer : $40—$50. But then, I eat out far too often.

Description : What should a man spend on a wedding ring?

Last Answer : Both of us wear this: http://www.loveandpride.com/Home/ZoomOnProduct.aspx?id=5029&cid=345 and they cost us $300…we split that cost…

Description : If your pet needed costly surgery, how much would you be willing to spend before deciding to put the pet down instead?

Last Answer : Money isn’t the issue for me, it’d be the issue of life expectancy after the surgery, the risks of the surgery and if their quality of life isn’t disturbed. I would get multiple credit cards and max them all out for my pets if it would save their life.

Description : How much would you spend on a dying pet?

Last Answer : depending on it’s age & condition…with my financial status probably up to 2500

Description : Where do you spend your money?

Last Answer : Eating out a lot where I live can take its toll. I usually don’t realize how much I’ve spent until far later, unlike bigger purchases.

Description : I won $50 last night on a big spin ticket, should I use the $ to buy more tickets or should I just spend the $ somewhere else?

Last Answer : Open an IRA.

Description : If a room mate owes you money, is it your business how they spend their money?

Last Answer : First of all, what a ridiculous purchase, especially for someone who it sounds like is strapped for cash. Second of all, he should have paid you.

Description : If you could have one million dollars, and you had to spend it all in one day, what would you do with it?

Last Answer : I would: - Buy an open round trip ticket to: *Cuba (I'm allowed to go there) *Hawaii *US (mainland) - Buy a car to be waiting for me at arrival in the US - Buy a pre-paid gas card or similar ... full length of the contract) - Buy travelers checks for the rest. - Head off and have a great time!! :)

Description : How much money do you spend weekly?

Last Answer : Way too freakin’ much.

Description : What is the sharing part in "sharing economy" when it's straight forward service for money transaction?

Last Answer : Taxes.

Description : Why does the British Pound outweigh the US Dollar in value when it seems that the economy of the United States is far more powerful?

Last Answer : answer:I think that, in general, it has something to do with the fact that the British economy is strong and reliable, and that the UK has always had very profitable trading agreements throught ... how the buying power of a coin is, supposedly, representative of its country's credit reliability)

Description : If things become more automated how do you supply jobs? What are the consequences to the economy and social aspects?

Last Answer : answer:This question was really a hot topic when I was young. I'm in my 40's. Robotics were being implemented in many factories. I went to the Kohler factory last year, they make kitchen and bath ... intensive jobs that wear on the body. All that is good to some extent, but also has its downside.

Description : Besides cosmetics, what still makes money in a depressed economy?

Last Answer : Gasoline companies.

Description : Given the state of the economy, what do you think about the fact that we're going to set another record for Christmas spending?

Last Answer : Hey, that is great news Joker! Hopefully, this means we are coming out of this recession for good!

Description : Do you think the economy will be more stable when the 2012 Olympics comes around?

Last Answer : Hosting the Olympics has always been a national status thing. It is like asking if there will be a monetary payback if you buy a Rolex.

Description : Do you plan on spending your tax rebate check (thus stimulating the economy as intended) or will you save your money?

Last Answer : Probably going to end up blowing it on stupid stuff. Though I’d really like to save it if possible.

Description : With the "$600" tax rebate from the government in effort to boost the economy,what will u do with yours?

Last Answer : Save it. Part of the reason the economy is tanking is because Americans are overextended in debt—both on an individual level, with maxed-out credit cards and houses leveraged to the max, and on a collective level, with soaring federal deficits to pay for military adventurism.

Description : Are we paying too much money for funerals for our deceased loved ones?

Last Answer : Nobody is being exploited here. We need people to take care of our deceased ones and other people are offering such services, not for free, of course. Unless you own a graveyard and are capable to ... one's funeral as extravagant as possible as a sign of respect and perhaps, to show their status.

Description : Wait, what? The right thinks if they reduce federal spending then we will climb out of all our problems and all the needs that these tax dollars were meeting will evaporate?

Last Answer : answer:No, no, no. That would just be pushing the problem down so congress can look good playing high and mighty and not have to deal with it or the peeved, headache inducing, voters. ... , you die, whichever. Please avoid standing in the sarcasm for prolonged periods, it may prove disorientating.

Description : How can we know if a charity is legitimate so we won't be throwing our money away?

Last Answer : answer:Clark Howard (a financial/consumer wiz I like) has some good basic recommendations Personally, I prefer to look into the charity and find out: -The percentage of donation that actually gets used (not for admin ... . That way I can see my dollars at work and can see what needs I can help with.

Description : The court of appeals ordered the defendant to pay our fees. How do we go about getting them?

Last Answer : answer:Your attorney will know. If you've severed your relationship with him for some reason (dump a winning attorney? probably not), then you should contact the Clerk of the Court to find out the procedure. ... . But I don't think that they'll want to be in the middle unless some dispute lingers.

Description : At what point do we stop collecting "stuff" in our lives?

Last Answer : I've been going backwards in terms of collecting stuff . My ideas of feathering the nest are more and more simple and spartan. Tech gadgets I'm starting to like but not to the point of having to have ... family has also come around to the less is more way. We want to live out of our suitcases!

Description : Should we replace our money to a new concept?

Last Answer : I don’t think so. What would we replace it with? I can’t think of a reasonably good alternative that wouldn’t be more trouble, less efficient and more cumbersome and awkward to use than having money.

Description : Why do we tend to value our own things more than they are worth?

Last Answer : I think people tend to think about what they spent on the item, so for them it has higher value. They may not think about the value they've gotten out of it, which, of course, should be subtracted from ... eBay for the item (used or new, depending on how old mine is) before coming up with a price.

Description : Are we all doing 'our bit'?

Last Answer : I think I am doing both saving money and my part to save the world.

Description : Why is "In God we trust" printed on our currency, When greed is a sin?

Last Answer : greed is sin, money is not. The love of money is a sin. Love God, i think its just there to show that the foundation of our country even our currency is in God.

Description : What would be the best way to approach my roommate about the damage in our room?

Last Answer : Find out from the school whether and how much you're going to be charged, first. Some wear and tear is expected Honestly-I'd be pretty peeved if a roommate wanted to spreadsheet me like that. It ... damage, why haven't you mentioned this to her before now, when the damage might have been lessened?

Description : Is there anything else our government could better spend $4 Billion on other than the NSA's new data center?

Last Answer : ~They can give it to me.

Description : Hello. I live in Bulgaria. Our familly is poor and I don't have very much money. I'm 15 years old and I don't think it's legally to work. What ways you know for earning money?

Last Answer : Perform a service. Landscaping House cleaning Child care Programming Fast food You know best what is needed in your area. Look around.

Description : Can you help me with our bank mortgage?

Last Answer : answer:If you have an adjustable mortgage, YES. But you should not pay closing fee, title search . . . . again. A fixed mortgage, NO Where is the lawyer from your original closing, your lawyer not theirs ? ? ? Contact the state banking regulator

Description : Can you give me some financial advice on paying off our house?

Last Answer : answer:Yes, he's right. Any time you're doing something special' (i.e. non-routine) think of all the ways they could screw it up, and plan for that. Meaning: write a separate check for the ... a mortgage or a straight bank loan or what? Don't get a higher interest rate and squander your money,

Description : If our currency lost its value for whatever reason, would you find gold valuable?

Last Answer : answer:That equation actually depends on nearly the same things our faux currency's value hinges on-how much others thinks the metal is worth. Gold probably has more intrinsic value than paper. It's useful in ... me what has real value. Life, and those things that support it come first in my book.

Description : Buying our first house... what to expect?

Last Answer : answer:Sounds like the seller chips in on the closing costs. Normally, the buyer is responsible for closing costs, I think, unless there is some agreement and the seller helps out. Who owns the house? The ... of walking away. But you may be making a very generous offer, and they might snap it up.

Description : Was it just a matter of time before our cellphones were hit by hackers?

Last Answer : Of course! But if you think that’s bad, just wait until there’s a direct computer-to-brain interface and people start hacking THAT! One morning you’ll wake up naked and sore in a strange bed, the victim of “brain-hacking!” Mwahahaha! : D

Description : Can my sister open a 529 for our niece?

Last Answer : answer:Yes you can. You retain control of the money as well. If the child does not go to college, you, within some states and certain plans, should be able to roll that money ... to double check my information: http://money.howstuffworks.com/personal-finance/college-planning/financial-aid/529.htm

Description : Who decided in the US about things such as our money's apperearance and denominations, the traffic laws, and education?

Last Answer : answer:Traffic laws are, for the most part, local so local municipal governments. Our money's appearance and denominations was the Treasury Department with sign off by the Executive Branch. Education was ... , again, signed off on by the Executive Branch and Congress (who pass educational bills).