by xjsb125 » 1/25/2008, 4:08 am
Individual financial responsibility isn't the government's responsibility. With regards to money here in the United Stats, keeping the economy afloat and moving money is it's responsibility...as tacky as that sounds. You are right, Brian, people will go out and spend the money on whatever they want, and others will put it towards debt. It's all their choice, but spending it is part of what this money is supposed to do. If people go out and spend money, then the need for jobs increases. This results in people who are laid off being brought active again, generating income in their households, generating revenue for businesses, and starting the cycle over again. The cycle will build so that people will be earning a regular income through the need for their work services, allowing themselves to handle their financial needs.
I would agree with Neil and Megan, you are missing the point of this program. It's not to help individuals deal with their debts in a direct manner, but to generate activity in the economy, leading to their eventual self-help with debt.
<nam_kablam> I'll be naked holding a ":O" sign while pumping their door