Dumb me.. I finally understand the stimulous bill
 

Shortly after class, an economics student approaches
his economics professor and says, "I don't
understand this stimulus bill. Can you explain it to
me?"

The professor replied, "I don't have any time
to explain it at my office, but if you come over to my house
on Saturday and help me with my weekend project, I'll be
glad to explain it to you." The student agreed.

At the agreed-upon time, the student showed up at the
professor's house.
The professor stated that the weekend project involved
his backyard pool. They both went out back to the pool, and
the professor handed the student a bucket. Demonstrating
with his own bucket, the professor said, "First, go
over to the deep end, and fill your bucket with as much
water as you can." The student did as he was
instructed. The professor then continued, "Follow me
over to the shallow end, and then dump all the water from
your bucket into it." The student was naturally
confused, but did as he was told. The professor then
explained they were going to do this many more times, and
began walking back to the deep end of the pool.

The confused student asked, "Excuse me, but why
are we doing this?"

The professor matter-of-factly stated that he was
trying to make the shallow end much deeper.

The student didn't think the economics professor
was serious, but figured that he would find out the real
story soon enough. However, after the 6th trip between the
shallow end and the deep end, the student began to become
worried that his economics professor had gone mad. The
student finally replied, "All we're doing is
wasting valuable time and effort on unproductive pursuits.
Even worse, when this process is all over, everything will
be at the same level it was before, so all you'll really
have accomplished is the destruction of what could have been
truly productive action!"

The professor put down his bucket and replied with a
smile, "Congratulations. You now understand the
stimulus bill."

Ba Da Bing...

:D:D:D:D

Very Nice analogy

So why is this in the Comedy Zone :confused:

.......The only flaw in the experiment is that the bucket should be full of holes.

Negative, the 75% pork would clog up the holes and the pump.

TR

LOL, TR Sir!!!:D

A great analogy!!! Thank you JJ!!!

Holly

Classic...too true...sad...but true.

All this stimulus AND cut the deficit in half.....there are going to be a lot of print-shops cranking out 100-dollar bills over the next 2 years.:eek:

No, that's not it either. The insanely rich (Defined as those making more than $30,000 after taxes and not on a government sponsored program....yet....) will pay for it all...

Actually, cutting the deficit in half is wildly improbable. In addition to the various expenditures discussed, the Medicare and Social Security trust funds are in transition from surplus (which means the total federal deficit is reduced) to deficit (which means an additional deficit added to the existing problem).

KEY DATES FOR THE TRUST FUNDS (HI is Medicare's Hospital Insurance fund)
First year outgo for HI exceeds income excluding interest 2008
First year outgo exceeds income including interest 2010
Year trust funds are exhausted 2019

Notice that 2010 is a key date. So either taxes must increase, Medicare benefits must be reduced - or some other portion of the budget must be slashed still more deeply.

LINK

Perhaps a better analogy would have the hapless student chained to the floor of the pool as a flood of debt fills it. However, it is still possible to scoop water up in the bucket and sling it elsewhere within the pool. It won't do any good, but it makes quite a show...for a time.

Actually it was also posted yesterday as a response to the thread Obama Tax Plan to Take Effect April 1.

Richard

Richard,

I did not read that thread,,, or your post,, I recieved it from a nieghbor,, Woops,, :o:o:o:o

Hey...it's a good one no matter where it's posted!

Richard