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What an odd thread.
How are we going to pay for our 'horrible debt' by adding another trillion dollars to the tab?
What an odd thread.
The question marks are the same ones the underpants gnomes use.
Step 1: Stimulus + tax cuts!
Step 2: ????
Step 3: Better economy!
Actually I'll be under the $75K cap this year, but in all likelihood would exceed it next year.
Still, it's a red herring and your take is what's wrong with the situation. We're not getting free money. They're giving everyone $500 (gee, how'd that stimulus check last spring work out as far as the economy goes?) that will have to be paid back on our future taxes, or our kids', or all of the above.
Robbing from tomorrow so you can try and keep your cons uents happy about the ty economy so you can stay in office making bank off all the lobbyists is bull , but that is what Congress is up to right now.
And it ing blows.
having to share in your party's burden=bad.
Allegedly, it will save us from an even worse fate. The argument is that if government doesn't create the demand now, demand will perish chaotically in a deflationary spiral that will cost us even more in the long run.
I'm not sure I believe it either, but it's the wisdom of the village elders, and supposedly, it's the only round left in the chamber.
do I have to spend my $1000?
Ingrate!
Why do you hate America!
(j/k)
The stimulus last year went overwhelmingly into savings and debt retirement. Whenever I get mine, that's what I'll do with it.
Tanstaafl
Please. I'm simply saying:
And I'm more than capable of looking at the larger principle behind the stimulus. But it's happening, whether you or I like it or not.
And Aggie, A. tried to construe it as a broken campaign promise- when it's anything but and B. framed it as class warfare- when it's anything but.
So if you want to have a larger debate the stimulus and its long term implications, fine, but in the meantime don't act like this is a broken campaign pledge (at all) that's specifically targeting or injuring the wealthy.
People like Angie in this thread need a serious smack of reality to the face.
A huge percentage of americans do not even SNIFF 75k single or ESPECIALLY 150k married. The largest bracket of income tax comes from those who make under 35k a year. If you make 75k or more single or make 150k in a marriage, you need to count your blessings and be grateful.
Hey, I said I live quite comfortably, not that I had any to spare. If I did, it'd go to cancer research & treatment charities, anyway.
Lop off 35% of that for taxes up front, you're down to under 100K. Send a kid to college and unless he's a minority you're looking another $20K a year to go to school. You're down to $80K. 4K a month house payment + property taxes and you're down to about $30K left for food, gas, clothes, bills, and putting towards retirement.
I must have missed where people pulling down $150K are living in half million dollar homes, outside of overinflated markets like Florida, Phoenix, Cali, and NYC...
yeah, that's my round about economics question.....
if you put it in a bank, does that stimulate the economy?
I'm actually in the middle of reading that book.
If the banks aren't lending, no.
I know what the aggregate incomes are. I also worked my ass off, starting out of college making under your 35K threshold. Now I'm being told by Obama, Pelosi, and Reid that because I've worked my ass off that they want to take $500 of my taxes and give to someone who doesn't pay any taxes any way. That's socialism/welfare/whatever you want to call it.
So now some of my income is going to give someone something for nothing, meanwhile I'm still on the hook for my student loans and car payments. That is bull .
I don't think so.
huh.....I thought you had to file a tax return to get this stimulus check.....I wasn't aware that someone not paying taxes was going to get a check.
you can write off some of that student loan interest and nobody told you to buy a new car.So now some of my income is going to give someone something for nothing, meanwhile I'm still on the hook for my student loans and car payments. That is bull .
you know last year's stimulus is being taken out of this year's ITR right?
Go read the bill. Even people who pay no income tax will receive the $500.
http://online.wsj.com/article/SB123310466514522309.html
"Never let a serious crisis go to waste. What I mean by that is it's an opportunity to do things you couldn't do before."
So said White House Chief of Staff Rahm Emanuel in November,There's $1 billion for Amtrak, the federal railroad that hasn't turned a profit in 40 years; $2 billion for child-care subsidies; $50 million for that great engine of job creation, the National Endowment for the Arts; $400 million for global-warming research and another $2.4 billion for carbon-capture demonstration projects. There's even $650 million on top of the billions already doled out to pay for digital TV conversion coupons.
In selling the plan, President Obama has said this bill will make "dramatic investments to revive our flagging economy." Well, you be the judge. Some $30 billion, or less than 5% of the spending in the bill, is for fixing bridges or other highway projects. There's another $40 billion for broadband and electric grid development, airports and clean water projects that are arguably worthwhile priorities.Add the roughly $20 billion for business tax cuts, and by our estimate only $90 billion out of $825 billion, or about 12 cents of every $1, is for something that can plausibly be considered a growth stimulus.Here's another lu-lu: Congress wants to spend $600 million more for the federal government to buy new cars. Uncle Sam already spends $3 billion a year on its fleet of 600,000 vehicles. Congress also wants to spend $7 billion for modernizing federal buildings and facilities. The Smithsonian is targeted to receive $150 million; we love the Smithsonian, too, but this is a job creator?
Another "stimulus" secret is that some $252 billion is for income-transfer payments -- that is, not investments that arguably help everyone, but cash or benefits to individuals for doing nothing at all. There's $81 billion for Medicaid, $36 billion for expanded unemployment benefits, $20 billion for food stamps, and $83 billion for the earned income credit for people who don't pay income tax.Change we can believe in. A trillion dollar's worthAs for the promise of accountability, some $54 billion will go to federal programs that the Office of Management and Budget or the Government Accountability Office have already criticized as "ineffective" or unable to pass basic financial audits.
Hey, I voted for McCain. *shrugs*
so the banks don't do much else with the money?
I figured they would turn and invest it somehow if they aren't lending it....
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