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<p>[QUOTE="Blaubart, post: 1605573, member: 37498"]These two options, returning the gold to the people vs using the money to pay down some of our debt, are essentially the same thing, because who is ultimately responsible for the debt? The government? Nope. Congress? Nope.</p><p><br /></p><p>And how would you determine who gets how much gold? And how would you distribute it? Would you give everyone slightly under a half ounce of gold, or would you send everyone a check for $600? Would you tax that $600 as income? I wonder how much it would cost us to do any of these options, especially the distribution of physical gold option. No thanks!</p><p><br /></p><p>If I had a choice between the two options, I say put it towards the debt. If you return it to the people, it will basically be another failed stimulus program. People get the money and spend it on stuff that was made in China. How does that benefit our economy?</p><p><br /></p><p>Using it to pay down the debt is not the same as using it to "fund government spending". Debt is already there and we're already responsible for it.[/QUOTE]</p><p><br /></p>
[QUOTE="Blaubart, post: 1605573, member: 37498"]These two options, returning the gold to the people vs using the money to pay down some of our debt, are essentially the same thing, because who is ultimately responsible for the debt? The government? Nope. Congress? Nope. And how would you determine who gets how much gold? And how would you distribute it? Would you give everyone slightly under a half ounce of gold, or would you send everyone a check for $600? Would you tax that $600 as income? I wonder how much it would cost us to do any of these options, especially the distribution of physical gold option. No thanks! If I had a choice between the two options, I say put it towards the debt. If you return it to the people, it will basically be another failed stimulus program. People get the money and spend it on stuff that was made in China. How does that benefit our economy? Using it to pay down the debt is not the same as using it to "fund government spending". Debt is already there and we're already responsible for it.[/QUOTE]
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