Liquidity Trap Result Of Cash Only Society
I'm no economist, but I figured this ordeal in planning isn't helicopter money like the 150 billion stimulus package. Its a takeover trap.
Another thing is I've never had a mortgage, or even a car payment. I did have some student loans that I defaulted on and eventually paid off. Back in those days you took loans directly from the govenrnment and you couldn't declare bankruptcy or get out of them.
I also guess I made a mistake on my taxes once while wating tables. I wasn't much of a bookkeeper, but I know that for a 900 dollar debt to the government, they confiscated my tax refund, put a lien on my car, and threatened wage garnishment. The credit companies just phoned and talked about lawsuits.
I can't imagine owing 250k to the government and being homeless on top of it.
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