John Stewart quote on "The Daily Show" speaking with Gwen Iffel
Preach on brother!
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Random Pattern Weekly: John Stewart quote on "The Daily Show" speaking with Gwen Iffel
Very good but then I like Jon Stewart and Gwen Iffel. John McCain might have had the idea but he didn't say give it to the people. Some people in trouble now no longer have their houses so paying off their mortgage isn't going to help them much! I think we are already beyond the mortgage for a lot of folks. Now when we talk about the housing crisis, a more accurate observation is going to be how soon and how many homeless shelters can we build! People who no longer have jobs can no longer pay to rent or a mortgage.
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Even if people are homeless, can you imagine the freedom of being free from debt? By this I mean, homeless in the sense of having to live in an apartment, with family or in a housing project (not on the street homeless- different story with different problems.)
I like John Stewart's notion of trickling up economic stimulus. We talk consumer spending and consumer confidence in this country all the time, but usually we forget to relate the consumer to you and me. The only reason I can figure (right now) we don't link consumer with us is because many corporations have constant growth built into their business plans. The only way to continue constantly growing is to continue removing money from the consumer- you and me. When the consumer runs out of money, we loosen credit standards for the consumer so corporations can meet their targets to constantly grow.
It's faulty planning as nothing grows forever.
The primary problem I see with Stewart's trickle up economic theory is people might come to depend on it and then comes the inevitable ballooning deficit (oh wait, we already have one of those from trickle down economics.) I've toyed in the back of my mind with something along the line of a debt moratorium once every 25 years in America for every American citizen. Just something to indicate we recognize the disparities in life created by our economic place but still cherishing the belief that someone can make it if they try hard enough.
There's a lot of good to be had in that feeling as well.
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