Nothing BS about it. Temporary borrowing to fuel consumption is the worst way to stimulate the economy, helps China more than it helps us.
Precisely. Why would anyone think who purports to be ‘economically conservative” think otherwise?
Not only that, it's a scam! With the last "rebate scheme" implemented in Bush's first term, many self employed folks like me never saw that money. The IRS kept it for estimated taxes. Uncle Sam took that $300 that was meant for me in his "risky scheme" out of one pocket and put it in another. It never made it to the economy out of my hands and therefore it had ZERO effect on the economy. I'm absolutely sure that I was not the only one that had this happen to them. Thus, this "rebate scheme" is a scam and is nothing more than election year vote buying. Watch over the coming weeks as the politico's trip all over themselves to see who can give away more of OUR money.....SICKENING!
All this talk of "temporary" stimulus packages makes my blood boil. How about a PERMANENT stimulus package? Why not eliminate the Capital Gains tax entirely? How about cutting corporate taxes to the point where we are a tax haven for businesses worldwide and watch the dollars flow into the economy like never before.
Hey Jeorge, lets do something to lure back some of that $14 trillion or so of business that the Federal Gubmint has run off shore thanks to our confiscatory tax policies!
Nothing BS about it. Temporary borrowing to fuel consumption is the worst way to stimulate the economy, helps China more than it helps us.
If the government really wants to stimulate the economy, they should cut ALL government spending across the board immediately. We owe over 9 trillion dollars. By spending less than what we are bringing in in taxes, we will see the dollar start to strengthen. This will make the dollars we have saved worth more.
I will treat the money as Congress exercising it's power to provide for arming the militia. $800 would go a long way toward a nice Bushmaster flat top M4 style carbine. For some other brand names, it would go all the way. :) And China won't see a penny of it either.