Posted on 07/11/2009 3:08:15 PM PDT by BigKahuna
We have recently read discussion in the mainstream media revolving around possibly creating a second stimulus package because, it seems, the first stimulus package — which has currently only expended around 20 billion dollars of its 787 billion dollar appropriation — either isn’t “comprehensive enough” or isn’t working, the opinion of which depends upon the political affiliation of the media person doing the analyzing of this new second stimulus idea.
Such talk of yet another allocation of dollars the United States does not have nor has a hope of raising — without offering sky-high interest rates on its bonds and assorted financial instruments necessary to come up with such money — only serves to show the unserious nature which seems to have swept through Washington D.C. in this low season for politicians.
...Those who actually pay taxes have come to understand that 787 billion dollars is real money, and that it’s going to come not only out of their pockets but also those of their children, their grandchildren and even their great-grandchildren. This is a layering on of debt onto the backs of future generations that is staggering in its scope.
...We read stories of politicians like Barney Frank (serving in the U.S. House since 1981 and who has never held a private sector job other than as a teaching assistant at Harvard while seeking a Ph.D.) and Christopher Dodd, both of whom seem supremely confident that they know exactly what it is the American people need, yet who have not been “of the people” for literally decades, and wonder how in the world they’ve managed to keep their jobs.
(Excerpt) Read more at entitlementsyndrome.com ...
Fact of the matter is, the stock market is diving BECAUSE there's talk of a second stimulus.
The ONLY real stimulus is a TAX CUT!!!!!
Yup, it is just like when you read that crime rates drop despite increased incarceration, while the reality is crime rates drop BECAUSE of increased incarceration. Ditto with concealed carry in place of incarceration. Another example is tax revenues and decreased tax rates. Numerous other examples abound.
I’ve come to understand that a basic requirement to be a lib/leftist is a basic inability to understand cause and effect...
Not until the fed is audited.
Dear Leader Obama shot down a 2nd Stimulus today in his radio address. In other words, they floated a trial balloon in the media, polled it, and found out that he’s six months from impeachment if he tries to steal our money like that again.
A tax cut will have no more effect than what the Democrats are doing now because it would not address the root problem, which is debt. Americans are up to their eyeballs in mortgage debt, car loan debt, student loan debt and credit card debt. Until those debts are paid down, paid off, or written off, not a damn thing is going to change.
There is only one stimulus that will truly work. The IRS needs to refund the last 5 to 10 years of individual income taxes -- but with the provison that the money go to pay off debt. If anything is left over, the taxpayer is free to spend or invest as he sees fit.
That debt overhang will make it impossible for anything to improve until it is reduced or removed. The root problem needs to be addressed.
According to Zer0 the Stimulus is working ... why do we need a second one?
Augmented by a spending cut.
We have already signed the spending of astronomical proportions and come 2010 Dubya's tax cuts are going to be pulled and tax increases put on the table.
How to destroy a free economy 101.
The government needs to cut spending first, down to where it will not need to borrow more.
The best stimulus right now is a regulation cut. This is practically free, yet can reduce the cost of business so that more can stay alive, and some can start hiring.
To work it betterer.... /s
Cancel the first one.
We have arrogant crooks taking our money..
RATS especially Barney Frankenwhine are serious. They want more money for their & their cronies coffers. Start up the printing presses again.
Its working so well we can expect 10% unemployment, officially, by Christmas. Nice gift.
Ah the Obama-Ex-Lax Stimulus........Smooth Moove Obama.....
Why not, when you do not succeed, try and try again. Keep digging, for example...
We could cancel all debt, America’s total debt private and public is 57 trillion dollars, it is impossible to service that debt.
How about a 1-1 tax credit for every dollar spent paying off old debt?
That would be good, too, along with real tort reform.
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