...through making projections of savings incurred by working "off" the loan.
As I understand it, third world countries are complaining they have not tangible resources to back major loans to them. They just don't have the needed financial reserves available.
Biden's idea is that they do have resources in the labor that could be made use of instead of society's paying for their not working but living off its welfare. So by getting them to work, i.e., investing in their future livelihood, the labor they will expend is in lieu of society's handout to them that keeps them going as a viable potential worker now.
Using projections how much society saves by not giving them a welfare check is worth it as an investment in their future of work--made possible by putting them to work instead of their living off society's dole!
Now, if the banking industry would put the schemata into effect! My apologies if I've not got Biden's idea quite right!
My thoughts to extend financial investment into the future earnings that save social handouts.
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