Thursday, July 5, 2012

the outer limits of liberal think : take smiles gimbel with his FLOC......

"Federal Lines of Credit” or FLOC’s. Here is the idea. Imagine that the economy is in a recession and the President and Congress are contemplating a tax rebate. What if instead of giving each taxpayer a $200 tax rebate, each taxpayer is mailed a government-issued credit card with a $2,000 line of credit? ($4,000 for a couple.)"


  yaaaa floc me baby

"  Even though people would spend a smaller fraction of this line of credit than the 1/3 or so of the tax rebate that they might spend, the fact that the Federal Line of Credit is ten times as big as the tax rebate would have been means it will probably result in a bigger stimulus to the economy."


" taxpayers have to pay back whatever they borrow in their monthly withholding taxes, the cost to the government in the end—and therefore the ultimate addition to the national debt—should be smaller. "

this amounts to uncle replacing bankster  credit card lines with uncle credit card lines

and with its flat  Nk per household even super bad  credit types
 would qualify for as much
 as a walton


the brilliance here is the preserved paradigm

better to extract it out of value added and loan it back to em

and this adds
now let uncle mediate it and take  the down side