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	<title>Comments on: &#9733; The 700 Billion dollar question.</title>
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	<link>http://www.toddhiestand.com/the-700-million-dollar-question/09/</link>
	<description>Field Notes on Bi-Vocational Church Leadership in Suburban America</description>
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		<title>By: Dinah Bright</title>
		<link>http://www.toddhiestand.com/the-700-million-dollar-question/09/comment-page-1/#comment-42385</link>
		<dc:creator>Dinah Bright</dc:creator>
		<pubDate>Mon, 24 Nov 2008 03:57:29 +0000</pubDate>
		<guid isPermaLink="false">http://www.toddhiestand.com/?p=1226#comment-42385</guid>
		<description>I am sitting here reading about the &#039;endless&#039; billion dollar what ever you want to call it.  
I am watching CNBC program on obscenely wealthy persons who made money on exactly what is now having to be bailed out...although they got out before the end.
It&#039;s ALL OUT OF BALANCE!!!   
Obama mentioned in one of his speeches that 95% of the population make under $250 thousand a year.  So the other 5%...how much do they make?   And they are the ones who are going to see a change in taxes? 
People should have lived within their means, and I believe still that most of us did.
However, the government has not set an example of living within your means.  As a matter of fact, they encouraged the sub prime loans.  They encouraged the 401K.  A  savings plan that is now in jeopardy.  I feel the money has left the hands of the working class and fallen into the hands of a few.  OUT OF BALANCE.  95% of the people work and live from check to check.  Due to what?  Could be medical, could be price of gas, heat, food....unwise choices.  But if the 95% can&#039;t spend....there IS no economy.  We will be workers and poor or wealthy and out of touch.  
Where will this take us all?  
Where will it be safe?
What happens when there are so many families without homes and jobs?
What happens to those children who live in such chaos?
How will those families survive?
Already there have been deaths as result of the financial crisis....families not able to cope any longer.  
How can we prevent this?
It appears to me that now is the time only God can help us.  Man can not.</description>
		<content:encoded><![CDATA[<p>I am sitting here reading about the &#8216;endless&#8217; billion dollar what ever you want to call it.<br />
I am watching CNBC program on obscenely wealthy persons who made money on exactly what is now having to be bailed out&#8230;although they got out before the end.<br />
It&#8217;s ALL OUT OF BALANCE!!!<br />
Obama mentioned in one of his speeches that 95% of the population make under $250 thousand a year.  So the other 5%&#8230;how much do they make?   And they are the ones who are going to see a change in taxes?<br />
People should have lived within their means, and I believe still that most of us did.<br />
However, the government has not set an example of living within your means.  As a matter of fact, they encouraged the sub prime loans.  They encouraged the 401K.  A  savings plan that is now in jeopardy.  I feel the money has left the hands of the working class and fallen into the hands of a few.  OUT OF BALANCE.  95% of the people work and live from check to check.  Due to what?  Could be medical, could be price of gas, heat, food&#8230;.unwise choices.  But if the 95% can&#8217;t spend&#8230;.there IS no economy.  We will be workers and poor or wealthy and out of touch.<br />
Where will this take us all?<br />
Where will it be safe?<br />
What happens when there are so many families without homes and jobs?<br />
What happens to those children who live in such chaos?<br />
How will those families survive?<br />
Already there have been deaths as result of the financial crisis&#8230;.families not able to cope any longer.<br />
How can we prevent this?<br />
It appears to me that now is the time only God can help us.  Man can not.</p>
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		<title>By: me</title>
		<link>http://www.toddhiestand.com/the-700-million-dollar-question/09/comment-page-1/#comment-42131</link>
		<dc:creator>me</dc:creator>
		<pubDate>Mon, 06 Oct 2008 16:01:46 +0000</pubDate>
		<guid isPermaLink="false">http://www.toddhiestand.com/?p=1226#comment-42131</guid>
		<description>only 24 million americans pay taxes.  $700b/24m = $30,000 per taxpayer.</description>
		<content:encoded><![CDATA[<p>only 24 million americans pay taxes.  $700b/24m = $30,000 per taxpayer.</p>
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		<title>By: Dave</title>
		<link>http://www.toddhiestand.com/the-700-million-dollar-question/09/comment-page-1/#comment-42111</link>
		<dc:creator>Dave</dc:creator>
		<pubDate>Tue, 30 Sep 2008 07:55:44 +0000</pubDate>
		<guid isPermaLink="false">http://www.toddhiestand.com/?p=1226#comment-42111</guid>
		<description>I like Mike Edward&#039;s comment about Robin Hood. 

We have to understand that the government has no money. The three ways they come about funds are to 1) forcibly confiscate it from our paychecks, 2) invent it into existence 3) or borrow it from other countries. They aren&#039;t like your rich uncle who managed a company and actually generated economic value.

#1, As far as taxation, this is not what taxes are for. If we want to do good things for people, we voluntarily give to them. Sending money to Washington is like a black hole. When the government dumps money onto poor people and countries around the world, hardly anything good ever comes from it. When conscientious organizations give hands-on help in the name of Christ, it&#039;s infinitely better. When it comes to charity, bypassing the congress-middle-man, would achieve a greater return.

#2, When these &quot;do-gooder&quot; stimulus packages and bailouts take place, the government types a number into a computer and out comes a fabricated check. This dumps billions in counterfeit dollars into the economy which makes the dollars that everyone has in their pockets become less valuable. Imagine the impact of someone being able to print a million Babe Ruth rookie year cards, what would happen to the value of the cards people already had? This type of thing hurts the poor every day as prices continually rise. It&#039;s called inflation and it&#039;s not a force of nature, it&#039;s a man-made consequence of printing currency that has no actual value (like it used to be when it represented a precious metal). Giving dollars that don&#039;t exist to people who don&#039;t have dollars inevitably makes dollars worth less so they can&#039;t buy anything with them anyway! When poor people get to the point where they can put money in the bank, they can barely get a rate of return that can beat inflation! That&#039;s simply to maintain the value of their earnings!

#3, Borrowing has clearly gotten out of control and countries are starting to not lend to us because they&#039;re becoming doubtful that we will be able to pay them back. How Biblical is that?

So no, no, no, this $700billion in monopoly dollars should not be spent on anything. They don&#039;t have that money to spend. Remember they&#039;re $10trillion in the hole already!!!!!! This cannot go on any longer.

Please make sure you let your representatives know that this type of action is NOT the solution. Letting the market deal with it while learning to live within our budget is the solution. This event needs to trigger a rational approach to our use of money.</description>
		<content:encoded><![CDATA[<p>I like Mike Edward&#8217;s comment about Robin Hood. </p>
<p>We have to understand that the government has no money. The three ways they come about funds are to 1) forcibly confiscate it from our paychecks, 2) invent it into existence 3) or borrow it from other countries. They aren&#8217;t like your rich uncle who managed a company and actually generated economic value.</p>
<p>#1, As far as taxation, this is not what taxes are for. If we want to do good things for people, we voluntarily give to them. Sending money to Washington is like a black hole. When the government dumps money onto poor people and countries around the world, hardly anything good ever comes from it. When conscientious organizations give hands-on help in the name of Christ, it&#8217;s infinitely better. When it comes to charity, bypassing the congress-middle-man, would achieve a greater return.</p>
<p>#2, When these &#8220;do-gooder&#8221; stimulus packages and bailouts take place, the government types a number into a computer and out comes a fabricated check. This dumps billions in counterfeit dollars into the economy which makes the dollars that everyone has in their pockets become less valuable. Imagine the impact of someone being able to print a million Babe Ruth rookie year cards, what would happen to the value of the cards people already had? This type of thing hurts the poor every day as prices continually rise. It&#8217;s called inflation and it&#8217;s not a force of nature, it&#8217;s a man-made consequence of printing currency that has no actual value (like it used to be when it represented a precious metal). Giving dollars that don&#8217;t exist to people who don&#8217;t have dollars inevitably makes dollars worth less so they can&#8217;t buy anything with them anyway! When poor people get to the point where they can put money in the bank, they can barely get a rate of return that can beat inflation! That&#8217;s simply to maintain the value of their earnings!</p>
<p>#3, Borrowing has clearly gotten out of control and countries are starting to not lend to us because they&#8217;re becoming doubtful that we will be able to pay them back. How Biblical is that?</p>
<p>So no, no, no, this $700billion in monopoly dollars should not be spent on anything. They don&#8217;t have that money to spend. Remember they&#8217;re $10trillion in the hole already!!!!!! This cannot go on any longer.</p>
<p>Please make sure you let your representatives know that this type of action is NOT the solution. Letting the market deal with it while learning to live within our budget is the solution. This event needs to trigger a rational approach to our use of money.</p>
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		<title>By: Malcolm</title>
		<link>http://www.toddhiestand.com/the-700-million-dollar-question/09/comment-page-1/#comment-42104</link>
		<dc:creator>Malcolm</dc:creator>
		<pubDate>Mon, 29 Sep 2008 15:59:36 +0000</pubDate>
		<guid isPermaLink="false">http://www.toddhiestand.com/?p=1226#comment-42104</guid>
		<description>I wanted to comment on this the day it was posted, but I decided to wait for a few days for me to think about this.  

As many of you know, I work with the poor in West Virginia and oversee ministry in other parts of the US and the world.  The more I think about this, the more I can understand how the US government can make this bailout happen as fast as it did.  Instead they should be doing more for the common family that is struggling.  

If Congress and the President have not gotten the memo, foreclosures are epidemic... foreign oil has us over a barrel... US oil companies are making record profits... these type of things need to be bailed out also.  The poor and working poor families are affected by this more than some rich, fat company exec that has yet to take a pay cut to save his own company from going under.

I say that we declare our support for a bailout package for American families... and the poor of this country that cannot make their house payments because of growing food costs, gasoline costs to get to work and the across the board ripple effect that oil companies are causing because of their record profits.  We need a bailout package to help get living costs lowered.  This is the kind of bailout, economic stimulus packages that we need.  

It is time for the church to stand for justice for the American family... it is time for  our congress men &amp; women to stand for what is right... help those that need it the most... not some rich company exec to keep his high paying job.</description>
		<content:encoded><![CDATA[<p>I wanted to comment on this the day it was posted, but I decided to wait for a few days for me to think about this.  </p>
<p>As many of you know, I work with the poor in West Virginia and oversee ministry in other parts of the US and the world.  The more I think about this, the more I can understand how the US government can make this bailout happen as fast as it did.  Instead they should be doing more for the common family that is struggling.  </p>
<p>If Congress and the President have not gotten the memo, foreclosures are epidemic&#8230; foreign oil has us over a barrel&#8230; US oil companies are making record profits&#8230; these type of things need to be bailed out also.  The poor and working poor families are affected by this more than some rich, fat company exec that has yet to take a pay cut to save his own company from going under.</p>
<p>I say that we declare our support for a bailout package for American families&#8230; and the poor of this country that cannot make their house payments because of growing food costs, gasoline costs to get to work and the across the board ripple effect that oil companies are causing because of their record profits.  We need a bailout package to help get living costs lowered.  This is the kind of bailout, economic stimulus packages that we need.  </p>
<p>It is time for the church to stand for justice for the American family&#8230; it is time for  our congress men &amp; women to stand for what is right&#8230; help those that need it the most&#8230; not some rich company exec to keep his high paying job.</p>
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		<title>By: Erin</title>
		<link>http://www.toddhiestand.com/the-700-million-dollar-question/09/comment-page-1/#comment-42100</link>
		<dc:creator>Erin</dc:creator>
		<pubDate>Sun, 28 Sep 2008 05:33:46 +0000</pubDate>
		<guid isPermaLink="false">http://www.toddhiestand.com/?p=1226#comment-42100</guid>
		<description>So it&#039;s way sad that the companies that &quot;manage&quot; our dollars are needing a bail out. It&#039;s kind of like having to walk your drunk mom out of the bar while everyone looks on and says, &quot;Poor thing.&quot; I mean, is this really happening? What would happen if we give away the money to let someone else try some dollars on for size? Like, aren&#039;t there &quot;children starving in fill-in-the-blank?&quot;</description>
		<content:encoded><![CDATA[<p>So it&#8217;s way sad that the companies that &#8220;manage&#8221; our dollars are needing a bail out. It&#8217;s kind of like having to walk your drunk mom out of the bar while everyone looks on and says, &#8220;Poor thing.&#8221; I mean, is this really happening? What would happen if we give away the money to let someone else try some dollars on for size? Like, aren&#8217;t there &#8220;children starving in fill-in-the-blank?&#8221;</p>
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		<title>By: Cain</title>
		<link>http://www.toddhiestand.com/the-700-million-dollar-question/09/comment-page-1/#comment-42098</link>
		<dc:creator>Cain</dc:creator>
		<pubDate>Fri, 26 Sep 2008 23:06:17 +0000</pubDate>
		<guid isPermaLink="false">http://www.toddhiestand.com/?p=1226#comment-42098</guid>
		<description>Do not spend it.  The gov&#039;t is already running a 300 billion deficit this year and this was before they wanted to spend another 700 billion.  That puts an already enormous federal deficit even higher.  There are no easy answers.  It is going to be painful to get the country out of the mess.  Borrowing anothr 700 billion to bail out bad morgages only delays the difficult days ahead- sorry I am not more optimistic on this issue:(</description>
		<content:encoded><![CDATA[<p>Do not spend it.  The gov&#8217;t is already running a 300 billion deficit this year and this was before they wanted to spend another 700 billion.  That puts an already enormous federal deficit even higher.  There are no easy answers.  It is going to be painful to get the country out of the mess.  Borrowing anothr 700 billion to bail out bad morgages only delays the difficult days ahead- sorry I am not more optimistic on this issue:(</p>
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		<title>By: adam</title>
		<link>http://www.toddhiestand.com/the-700-million-dollar-question/09/comment-page-1/#comment-42096</link>
		<dc:creator>adam</dc:creator>
		<pubDate>Fri, 26 Sep 2008 04:18:18 +0000</pubDate>
		<guid isPermaLink="false">http://www.toddhiestand.com/?p=1226#comment-42096</guid>
		<description>sieze the assets of those who got us in this mess and throw that in the bail out pot.</description>
		<content:encoded><![CDATA[<p>sieze the assets of those who got us in this mess and throw that in the bail out pot.</p>
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		<title>By: Mike Edwards</title>
		<link>http://www.toddhiestand.com/the-700-million-dollar-question/09/comment-page-1/#comment-42095</link>
		<dc:creator>Mike Edwards</dc:creator>
		<pubDate>Thu, 25 Sep 2008 22:30:55 +0000</pubDate>
		<guid isPermaLink="false">http://www.toddhiestand.com/?p=1226#comment-42095</guid>
		<description>I know that it doesn&#039;t make sense to bail out companies who manage our money, who have already proven they mismanage it. Further, the government trying to be the rescuer of the very problem they created and blaming it on anything but themselves, is a horrific idea.

One option would be to divide bail out money among all U.S. citizens, but I think you&#039;re right that it won&#039;t solve our crisis, just delay it until we put ourselves back into the same situation.  

It seems as though this country has created a socialistic cycle to it that will now change the nature of our government and life here as we know it.  Another difficulty with giving all the money away to any other country or cause is that the money is being allocated by the government rather than by the heart or will of the people. In other words, it would be the government STEALING our money and giving it to others, creating the world&#039;s largest Robin Hood, though I&#039;m not so sure our representatives have as good of intentions ;-)</description>
		<content:encoded><![CDATA[<p>I know that it doesn&#8217;t make sense to bail out companies who manage our money, who have already proven they mismanage it. Further, the government trying to be the rescuer of the very problem they created and blaming it on anything but themselves, is a horrific idea.</p>
<p>One option would be to divide bail out money among all U.S. citizens, but I think you&#8217;re right that it won&#8217;t solve our crisis, just delay it until we put ourselves back into the same situation.  </p>
<p>It seems as though this country has created a socialistic cycle to it that will now change the nature of our government and life here as we know it.  Another difficulty with giving all the money away to any other country or cause is that the money is being allocated by the government rather than by the heart or will of the people. In other words, it would be the government STEALING our money and giving it to others, creating the world&#8217;s largest Robin Hood, though I&#8217;m not so sure our representatives have as good of intentions ;-)</p>
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		<title>By: Dorie Morgan</title>
		<link>http://www.toddhiestand.com/the-700-million-dollar-question/09/comment-page-1/#comment-42094</link>
		<dc:creator>Dorie Morgan</dc:creator>
		<pubDate>Thu, 25 Sep 2008 20:38:34 +0000</pubDate>
		<guid isPermaLink="false">http://www.toddhiestand.com/?p=1226#comment-42094</guid>
		<description>I&#039;d rather see a student loan bailout than a mortgage bailout.  With so many students, they were told from high school on that if they just took out the student loans to get an education, money would follow.  Well now the money won&#039;t follow because their is no money.  

I have a really hard time as a tax payer with the concept of paying for the bad debt of a McMansion that shouldn&#039;t have been built in the first place.  But giving a twenty-something a chance to get a true fresh start is somethign I can swallow.</description>
		<content:encoded><![CDATA[<p>I&#8217;d rather see a student loan bailout than a mortgage bailout.  With so many students, they were told from high school on that if they just took out the student loans to get an education, money would follow.  Well now the money won&#8217;t follow because their is no money.  </p>
<p>I have a really hard time as a tax payer with the concept of paying for the bad debt of a McMansion that shouldn&#8217;t have been built in the first place.  But giving a twenty-something a chance to get a true fresh start is somethign I can swallow.</p>
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		<title>By: Paul</title>
		<link>http://www.toddhiestand.com/the-700-million-dollar-question/09/comment-page-1/#comment-42090</link>
		<dc:creator>Paul</dc:creator>
		<pubDate>Thu, 25 Sep 2008 18:24:21 +0000</pubDate>
		<guid isPermaLink="false">http://www.toddhiestand.com/?p=1226#comment-42090</guid>
		<description>I&#039;d rather see the government find a way to help the financial industry adjust to the new market value of previously overvalued mortgages and mortgage derivatives without creating such a huge financial and bureaucratic burden.  I am especially leery of the amount of discretionary power that is being requested by the Treasury Dept.  Somehow I have a bad feeling that they are just going to end up throwing money at a black hole and be left holding a bag of garbage.</description>
		<content:encoded><![CDATA[<p>I&#8217;d rather see the government find a way to help the financial industry adjust to the new market value of previously overvalued mortgages and mortgage derivatives without creating such a huge financial and bureaucratic burden.  I am especially leery of the amount of discretionary power that is being requested by the Treasury Dept.  Somehow I have a bad feeling that they are just going to end up throwing money at a black hole and be left holding a bag of garbage.</p>
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