re: #176 allegro

You seem to be in a very excitable state and wanting very VERY much to make a point. What is that point you are so agitated to make?

Neither excitable nor wanting to make a point. I just want to know if folks here have a limit on the amount of stimulus money they think should be spent, at the absolute maximum, in dollars or as percent of GDP.

I know my limits. I think that if the stimulus spending has to be limited whether or not it has its desired effect. I would say, at the absolute maximum, to spend no more than 300% of GDP through deficit spending or other means.

I’m also worried about what to do about all that debt or the potential inflation that could result. I *hope* that our economy could grow out of the shadow of that debt, but I’m not convinced this is necessarily so.

Now then, do I have agreement? is 300% too much, too little, or just about right? Or is it wrong to put up a hard barrier in the first place? Should we just stimulate the economy incrementally, wait for the transients to settle out and then repeat if necessary until the jobs and the economy return?