Economic Impact if Congress offered bailout to everyone?

Question

Now that the printing presses in the U.S. mint are running overtime, what would be the effect on the economy if Congress just bailed out everyone? What if every person and every company was bailed out of debt and made solvent. It's just printing more money right? The stock market investors are happy that no companies close and consumers spend freely again stimulating the economy. Wow, what a quick fix.

Answer 1

Heck, I thought they had.  Fortunately, for the U S government, the government keeps the inflation statistics so our 10% current inflation rate is reported as 3%. Cute.  I just wonder when people are going to wise up and stop buying the U S bonds.  They are rated AAA but so were CDOs. ha ha.

Answer 2

I don't know but America isn't going to be the same after this housing crisis...what we truly have at this point is socialism for the wealthy...its ******* sickening...I'm getting sick of hearing that these banks are to big to fail.

Answer 3

Inflation = too many dollars chasing too little stuff.

Ad it is, the govt owes $9 million millions in debts of different sorts.  And the interest is $four thousand millions.

The biggest poweball jackpot in history woiuld keep the govt funded for ONE HOUR.  That's it.