Will the check be in the mail? ($800 per individual taxpayer?)

My Fox Tampa Bay ^ | 1/19/08

[Libloather]

Will the check be in the mail?
Last Edited: Saturday, 19 Jan 2008, 1:47 PM EST

TAMPA - Cash can be like a jolt of caffeine to a national economy. In 2001, the federal government sent every income taxpayer a $300 rebate check. It ran up our debt, but also helped end our last recession.

Now President Bush and Congressional leaders want to try it again. This time they may send every income taxpayer a larger check. Economists say that could stimulate our economy again if recipients spend much of their rebates on products.

"Letting American people keep more of their own money should increase consumer spending," said President Bush. That could potentially pull us out of the credit and mortgage mess that's hurting the entire U.S. economy. For this to work, federal leaders need to act soon.

"A stimulus must be timely—if it comes too late, it can interfere with a recovery," said House Speaker Nancy Pelosi.

President Bush also wants tax credits for small businesses that could entice them to expand and hire. Congress may also increase unemployment benefits, and increase food stamp allotments.

On the downside, big rebates can drive up debt and inflation over the long run, which takes money out of our pockets. But our government is focused on a temporary stimulus, to address the problems we have today.

[stylin19a]

Like my daughter did (she sings a different tune now, as she's on her own, and paying her own way.)...
back in 1995, we were in about out 10th day of 98+ degree weather.
My daughter jumps off the couch and screams. “Buy an air conditioner, figure out how to pay for it later”.

[Man50D]

What does that have to do with a plan by the government to hand out $800 checks? Get on the right thread and right subject.

My comment in post #80 about the Fair Tax collecting the same amount of money to maintain the current level of spending was on point to your comment in post #75 "And just where will the money come from? Reduced spending?". You obviously were referring to money collected from The Fair Tax given my comments in this thread have only been regarding The Fair Tax. You should stay on the subject of your own posts to me instead of poorly attempting to deflect from my cogent replies.

[Nathan Zachary]

"To: Myrddin
Yup. I'm coughing up $40,000 to $70,000 each year in FIT.
Are you looking to adopt anyone?
Mark

Government Only allows you to adopt so many african tribes and villages... drill so many wells, and support so many politicians /s

[CottonBall]

So the feds give us back some of our money to buy products. Sounds nice. But how many of these products will be manufactured overseas? How does this stimulate OUR economy?

Excellent point.

[CottonBall]

I think giving people their own money back is always a good idea. Most of them will spend it and someone will be making it and pay taxes on it next year.

Unless they hire illegals.

[Nathan Zachary]

No it’s not an excellent point, unless you subtract how many of those products are made by American owned companies operating overseas. Their corporate profitrs still gets spent back in the USA in many, many ways.

[napscoordinator]

I heard sometime in June or July. It takes ten weeks in normal time but with the tax season starting it will take months and won’t even begin sending checks until after taxes.

[visualops]

I’m sure it’ll be the same bait and switch as last time. I really didn’t like that at all.

[Nathan Zachary]

Plus you have to subtract how many companies have American stock/shareholders who receive dividends, which is money spent in the USA as well. Most companies operating in china are foriegn owned in the first place, so it isn't as simple as "it's made in China therefore all the money we pay for that product goes back to china.
Practically none of it does except the few cents the labor cost. The American importer probably makes twice what the produce cost to make in china, where do you think that American importer spends his profits?

[Texas Songwriter]

In a few weeks it will be revealed that there will be no insurance for municipal bonds to fund municipal projects. When that happens the Dow will drop fast until trading is stopped. The next morning the same thing will happen. The over-the-counter derivitive dominoes just began to fall and there is nothing that will stop it.The only other way to fund projects is through direct taxation. Who will buy bonds? Who would have the hubris to try to sell bonds? Hell, California was downgraded a few weeks ago, and the rating agencies last week said if the Federal Government doesn't shape up treasury bonds will loose AAA rating.

$800.00 is a heroin fix for and addict. That will last about 2 days. That leadership in this country would offer this as a remedy is insulting to the citizen and completely without efficacy. It is a sad joke. As Cramer says, their bookkeeping may just as well have been written by Mark Twain, it is fiction and the markets just found out about it on thursday and friday.

[Libloather]

You can call it a "mid muffler" if you really want to, since it does in fact eliminate sound. But the mechanic/parts counter person will still look at you funny.

Again, wrong. (How many times does this really have to happen?) I own a car with a mid muffler. Maybe you don't. Maybe you aren't hip to new terminology. Part numbers follow -

1H0 253 409C Mid Muffler Golf Jetta 4 cyl. 1993-mid. 95
1H0 253 409F Mid Muffler Golf Jetta 4 cyl. mid. 1995-99
3A0 253 409A Mid Muffler Passat 1995-97 VR6

http://www.williamsautomotive.com/new%20parts/new_parts.htm

as far as resonators go, you seldom have to change them as often as your muffler, since they are merely a shaped tube which reflects the harmonic sound wave back on itself. A muffler has baffles which burn/ rot out.

The Bosal/Brospeed system seems to be the most restrictive of the bunch, and seems to create an actual torque boost with no improvement in upper end. They utilized a can type mid muffler which creates significant backpressure.

http://www.gti-vr6.net/library/engine/general_exhaust_info.html

Exhaust pipe running from catalytic converter to mid-muffler completely corroded and separated from catalytic converter.

http://www.carsurvey.org/review_68848.html

[King_Corey]

Exactly. I’m starting to think there is more than a little problem in Washington D.C.

[ProtectOurFreedom]

BTW, Myr, at your income level, you won’t get a red cent of the rebate because your income exceeds the proposed cut-off levels. Happy to bring you the good news! (my wife and I are in the same boat).

[ProtectOurFreedom]

I’m starting an incandescent light bulb fund. I plan to use the suckers until I the day I die and need to save a large stockpile. Why? Because I like tradition, I like the quality of light, I like the heat they produce in the winter, I don’t like being told what to do by nanny-staters, and, most of all, I like sticking it in the eye of liberals any small way I can.

[Amendment10]

I'm glad that taxpayers are evidently going to get a federal tax rebate.

However...

Everybody needs to be aware that if the federal government wasn't spending our tax dollars on constitutionally unauthorized projects then our federal taxes would be lower anyway. This post attempts to explain how FDR's constitutionally unauthorized New Deal programs like Social Security fostered many other constitutionally illegal federal spending programs that taxpayers are paying for today.

Anybody who feels inclined to comment about the above referenced post, please do so in this thread.

As I have stated elsewhere, the people need to wise up to the very serious problem of widespread federal government corruption, particularly where 10th A.-ignoring federal spending is concerned. The people need to quit sitting on their hands and petition lawmakers, judges and justices who are not upholding their oaths to defend the Constitution, demanding that they resign from their jobs.

[Dick Bachert]

The sad fact is that MOST of the American sheeple will neither remember nor care that the “money” they get back was THEIRS to begin with.

Even sadder will be the fact that most of them will get all warm and fuzzy when they think about how wonderful and generous government is.

We’re probably doomed — and deserve our fate.

[Myrddin]

Are you looking to adopt anyone?

I have 3 sons. Two still at home and one struggling to feed himself after the real estate business collapsed in San Diego. Six months ago he employed 60 people and made $8,000 per month after taxes. This last week my wife decided to finish her degree after transferring 62 units to Idaho State University. I figure that's $12,000 in tuition alone to finish. She's working full time, so I told her to open a savings account and put $100 a week in it. We will handle it on a "pay as you go" basis. The degree will repay the investment many times over.

[TexConfederate1861]

Who cares who pays for it! Another example of Mr. Lincoln’s “Glorious Union” aka Big Government......(SARCASM)

[Myrddin]

Your prediction on the stock market is one of the reasons I was dismayed to see my company go public last year. As a privately held, employee owned company, we had steady growth of the stock value. It has stagnated over the last year. The employees are still the majority stock holders. My two major contracts are with the federal government. Both ran out of funds 2 weeks before Christmas. Having a mountain of work, people to perform it and no money to pay for it is bad news. It doesn't take long before people decide that eating and paying bills is a higher priority than waiting for the projects to recover funding. The kind of talent required isn't easily acquired or replaced.

[Myrddin]

BTW, Myr, at your income level, you won’t get a red cent of the rebate because your income exceeds the proposed cut-off levels. Happy to bring you the good news! (my wife and I are in the same boat).

I'm not at all surprised. Bawney Fwank was shilling for "targeted relief" this morning after Bush offered his weekly speech. I'm waiting on my 2nd contract to get funds restored that will take me through August 2008. When that is firm, I'll make that purchase of the S&W 460. I've just held off so I would have reserves while the paper work is processed. I'm really more concerned about keeping my son in San Diego afloat until he can close some more sales at his real estate office. It has been a brutal 6 months for him.