Quote:
Originally Posted by Smurfelina
this is why i wonder why they keep saying they'll give the banks more moeny to increase borrowing. how is having more debt going to help?
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Small businessed need money to stay afloat
Farmers need money to get good equipments to cultivate food that we eat.
If the small businesses dont get credit, they go under... creating millions of job losses...creating millions of unemployed people... creating higher crime, more floreclosures, homelessness, and most especially, creating millions of people getting unemployment compensation...
when these small businesses go out of business, they dont pay taxes, thereby making it difficult for the State govt to function. The state will have less money to pay unemployment compensations, social security benefits, medicaid and medicare, millions of ppl die... hospitals close... your roads and street lights wont get maintained...
do you get the drift?