Comments on: What the government should be doing during a recession

By: Personal Loans, Money Talk, Holiday Cash

Personal Loans, Money Talk, Holiday Cash — Thu, 04 Dec 2008 01:33:53 +0000

[...] Wide Open Wallet: What The Government Should Be Doing During A Recession [...]

By: Weekend Roundup- Cyber Monday Edition | Think Your Way to Wealth

Weekend Roundup- Cyber Monday Edition | Think Your Way to Wealth — Tue, 02 Dec 2008 03:32:02 +0000

[...] What the Government Should Be Doing During a Recession from Wide Open Wallet [...]

By: Carnival of Personal Finance, Cyber Monday 2008 Edition | Mighty Bargain Hunter

Mon, 01 Dec 2008 06:03:42 +0000

[...] Open Wallet has some ideas as to what the government should be doing during the recession. (I have my own thoughts but I like to keep this blog [...]

By: The idea behind the term “Black Friday” | taxguy

The idea behind the term “Black Friday” | taxguy — Sun, 30 Nov 2008 12:55:55 +0000

[...] What the government should be doing during a recession [...]

By: philip

philip — Tue, 25 Nov 2008 17:47:00 +0000

I think a big issue is that divisions in the government are given their budget based on their spending. If they don’t spend the money they are given they will be passed over the next year and not get as much money, it will be sent to someone that will spend it.

This causes them to all TRY to spend all their money, and maybe even more so they can request more the next year. I am not sure how this should be fixed either.

By: Slinky

Slinky — Tue, 25 Nov 2008 17:21:45 +0000

In upper Michigan there used to be a program called the Civilian Conservation Corps. This program housed and fed guys while they worked on public projects. They learned the skills and were supported while building bridges, roads, houses, parks, whatever to improve the area. Then they had all these new skills they learned that they could go out and find a new job with. Great program until the unions started complaining about these new skilled workers taking all the jobs. *eyeroll*

Now why can’t we ditch welfare and food stamps and have a program like that?

By: Miranda

Miranda — Tue, 25 Nov 2008 16:13:15 +0000

My big issue right now is that the government is encouraging us to spend. And worse yet, to do it using debt. The latest TARP plan to support consumer debt is a prime example. The government should be helping us shift our economy from a debt-based one to something that is more sustainable — and better for personal finances.

By: Ashley

Ashley — Tue, 25 Nov 2008 15:46:28 +0000

To confused: I was saying they should be building it now, not in 2004 when the private sector was doing a lot of building. It would be nice if they were supporting industry when the private sector is not. Rather than competing with the private sector for resources.

By: HIB

HIB — Tue, 25 Nov 2008 15:15:36 +0000

I’ve never been involved with the government, but it seems people (the representatives in government in this instance) are less likely to want to save in general. It’s not their money. Why should they care? I really wish I felt like the government had our best interest at heart, but I don’t think that’ll happen until officials can’t be given money by lobbyists and corporations.

Good article!
Stumbled, Dugg, Reddit!
-HIB

By: Confused

Confused — Tue, 25 Nov 2008 08:51:06 +0000

I’m confused. You say that the government SHOULD be hiring, but not building a road near your house because they use precious resources. If they stopped building the road there would be layoffs. Isn’t the road a good thing?