Banjo, it seems to me that the first thing that would happen is that the price of everything would go through the roof, making it even harder for those without the hand-out. That sudden a leap in demand would inevitably have that effect, IMO, and I suspect that you'd find a lot of the job's vacated simply wouldn't be refilled either.
On the one hand I can see the pit-falls in these packages, they're no secret, but on the other I can't see a viable alternative, and at least for once the money is going to the lesser serfs, rather than the wealthy again.
It does bother me that the advice Gov's are following, and the "people" they're expecting to get us out of this, are the same ones who got us here in the first place. I have my doubts there.
The one thing that gives me hope is this,.There was nothing intrinsically wrong with the underlying economy overall, makers were making, shifters were shifting, users were using, allowing for all it's tribulations and exceptions of course. It was the money-men, the greedy uber-leutnants of Finance, building a house of cards with non-existent money, and feeding on the real cash, removing it from the grass-roots economy, it was these who buried us when it all fell apart.
I think there's a good chance that this will re-assert itself faster than the "economists" and their ilk can predict, let's face it, their track-record is appalling! If YOU, or I, were as inefficient or wasteful in our jobs, we'd lose our business, or we'd be sacked, let alone getting enormous amounts of money!
It's only a vague conviction on my part, a hope, but I predicted this collapse,(no, I can't prove that, it was only to family, but we all pulled our Super out, sold off shares etc, before it happened), so I reckon it's probably a 60/40% chance I'm right.
No economic training here at all, just life and my brain, such as it is.

What is so funny is that people dont care that our government does not follow the rules of the constitution.

This is not about pape but as i have issued a section 78b to all attorney generals one off the things i challanged was bills.

The commonwealth however did not challange this.

When bills are negated they then require a 3 month waiting period, but really who cares unless they get a fine,bill which of course would be unconstitutional.

from what i understand is the high court was asked if it was a gift, or something else , presumably for tax reasons, simple people cant comprehend

any how i will try to give some background for those missing the bigger picture, see that australia spends billions each year keeping the dollar pegged to the us dollar ,

the last i heard we traded over 10 billion of our dollars in a currency swap for worthless yanki dollars to retain the import advantage of the artificially low aussie dollar, so we can sell [give away] our exports in us dollars

now
see the usa is going to enter hyper inflation soon [because of the privatly owned fed printing ever more dollars to give to the bankers

see that au must deflate too,to keep the parity scam going, but by govt having no debt, it gets more difficult, so govt needed to get some real debt quick smart ,to inflate us closer to us$ parity

see that govt had no choice [the only choice it had was to give the cash to the bank or the people, well we know it decided to give it to the people[who gave it to the bank [ lol ]

while im on the topic see that howhard the blowhard knew this was comming down, [thus his cure was to order the billions of sub standard aircraft the rudd govt hasnt cancelled[for reasons of us dollar parity alone]

the other point worth noting is howhard didnt pay off govt debt [selling telstra did,] noting he insured the public service pension scam and their colluded pension rort to boot, becsause he knows giving cash to the people affects the perfect numbers..

[that are pure fiction at any rate , but thats another story]
two hours work isnt employment its a joke on us all, but so are so many other more serious things , fiat paper isnt legal tender, its a great franchise allowing the scamer to scam ursury

Well Im am no brain surgeon, but if you gave 50 million people 1 millon dollars, that's, $50,000,000,000,000, is that not 50 trillon dollars?

I already have a 'spell checker' helping me, or is that hating me? so perhaps there's a 'math checker' out there for me as well.

Anyone!

rehctub,
Now you happen to point it out, I think you are correct.

I never did the maths, I just assumed the total figure was 50 billion.

The extra zeros do make a difference. Thanks

So Kevin is taking money from my back pocket and putting it into
my front pocket. Duh!

Next year, when the first interest bills are due on that money,
he will want far more back to pay off the debtors.

So I could put it in the bank, to gain interest, ready to
repay the Govt. In that case inflation will have taken half
and Kevin will claim the other half in tax, because the Govt
pretends that inflation does not exist, to make its money.

With economists like that running this country, sorry, but
there is no bloody hope lol.