http://www.danielhoang.com/2009/02/02/the-stimulus-is-not-the-answer/ Consulting, Business Development, Analyzing, Writing, Presenting, and Traveling Tue, 15 Dec 2009 05:23:47 +0000 http://wordpress.org/?v=abc hourly 1 http://www.danielhoang.com/2009/02/02/the-stimulus-is-not-the-answer/comment-page-1/#comment-792 Daniel Hoang Sat, 07 Feb 2009 05:05:24 +0000 http://www.danielhoang.com/?p=287#comment-792 There is no doubt we need to do something, as we have seen, there's fundamental differences in the philosophies of the two parties. If you imagine the country as a household unit, when times are tough, we can go into debt to pay bills, go to college or trade school, and hope that we find a better job in the future to pay off the debt. Alternatively, we revisit what got us in this mess to begin with. Perhaps it was our wasteful spending, or hopes that times will keep going well, or not saving for a rainy day fund. Sure, we might be able to spend our way out of our troubles, however, until we make fundamental changes to our lifestyles, we'll just get back in that hole again. You can only climb out so many times before you get too deep in. There is no doubt we need to do something, as we have seen, there’s fundamental differences in the philosophies of the two parties. If you imagine the country as a household unit, when times are tough, we can go into debt to pay bills, go to college or trade school, and hope that we find a better job in the future to pay off the debt. Alternatively, we revisit what got us in this mess to begin with. Perhaps it was our wasteful spending, or hopes that times will keep going well, or not saving for a rainy day fund. Sure, we might be able to spend our way out of our troubles, however, until we make fundamental changes to our lifestyles, we’ll just get back in that hole again. You can only climb out so many times before you get too deep in.

]]> http://www.danielhoang.com/2009/02/02/the-stimulus-is-not-the-answer/comment-page-1/#comment-785 Nisha Wed, 04 Feb 2009 03:00:51 +0000 http://www.danielhoang.com/?p=287#comment-785 Ah, but the problem is Congress knows nothing about how to deal with the economic shitstorm we're in, so when the President pushes the stimulus the Dems won't say no. Because, if the stimulus is not the answer....what is? No one has an answer- that's the problem. And really, the size of the bad debt out there is so enormous that I'm not sure "tightening our belts" is the answer either. He doesn't want to be remembered as the President who didn't do enough... Ah, but the problem is Congress knows nothing about how to deal with the economic shitstorm we’re in, so when the President pushes the stimulus the Dems won’t say no. Because, if the stimulus is not the answer….what is? No one has an answer- that’s the problem. And really, the size of the bad debt out there is so enormous that I’m not sure “tightening our belts” is the answer either. He doesn’t want to be remembered as the President who didn’t do enough…

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