Posted on 01/10/2009 8:56:24 AM PST by SeekAndFind
Not true.
Retail sales spiked in the month the checks were sent out.
It is evidence that such a move has a one-shot stimulus effect and not a long-term effect like cutting rates.
Comsider the Obamadole as a payoff tot he dead heads who voted the affirmative action poseur into office. That’s what their vote was worth ... in the obamanoid’s eyes.
We are headed for the cliff with the pedal to the medal, pure insanity to think this has any chance of even helping the economy let alone fix it.
But, maybe that's the plan.
Good common sense discussion of economic situation:
marketwatch.com
Click on “No recovery this year, Battaglia says”
I was agreeing with you that we need a long-term policy. I was disagreeing with you that the Bush rebate checks did nothing when they actually did do something, just not something lasting.
The middle class will save the money or use it to pay off debt. The lower class will spend it at Walmart. Look where people bought winter clothes this year. The department stores are going broke while Walmart had an increase over last years 4th quarter sales. Not as big an increase as they expected, but an increase never the less.
Try looking at the goods in Walmart for where they are made. This cut will put people to work.. Unfortunately they will be Chinese, Japanese, Vietnamese, and Mexicans.
If I pay their SS and medicare tax through these tax credits can I get their benefits?? Or do they get my benefits too?
My biggest problem with SS is the middle class sees it as a pension. Many republicans use the delusional phrase “but I paid in....” . It is so annoying when republicans claim they “paid in” as if they checked a box on their income tax form for “Yes, I want to contribute to SS”. This is democrats greatest victory. You never “paid into” anything, taxes are taken from us by force if necessary. The feds are taking my (FDIC taxpayers) money and giving some to you (SS beneficiary)and spending the rest. Your money was “taken away from you and given away and spent many years ago”. It is a welfare scheme that is setup to convince the recipient they they earned it, even if they paid little or no federal taxes (Tax rebates anyone??). That way they will demand it. Democrats love it, it is their biggest victory having the middle class addicted to a welfare type redistribution system. They actually call it a federal mandatory insurance system, not a pension. You are insured against having NO income at retirement if you have met some minor work history requirements. It is also expanded to the disabled (as a disability payment) and to minor dependent survivors. Like Medicare, it is very popular with those that get it......MORE AT “
Well, the lower unemployment is the less corps
pay in taxes; to a floor of 5%. Jobs baby, jobs.
(Drill baby, drill).
The government does not have a pool of cash to draw from. The government only has two sources of funds; they can either borrow money by printing it or they can collect tax money.
Is it efficient for Congress to collect taxes they say they intend to return? Perhaps allowing the people to keep what they would have paid in taxes for a few weeks instead of collecting it first is a more efficient way to stimulate the economy.
Is it wise to allow members of Congress to get their woefully corrupted and greedy hands on the money before returning it to the people?
Exactly, but PelosiRat Congress wants to repeal the Bush tax cuts early rather than make them permanent.
No one trusts a government (or anyone else) that goes back on it's word or proposes a 0bama bait and switch.
The Bush tax cuts are set to expire next year, so there is your tax hike. As someone posted on another thread this week, zer0 is giving taxpayers $500, but the $2500 is going away. Every taxpayer loses $2000.
If I took those same payments, but put them into an interest-bearing account at 5% per year, I could more than triple my currently monthly payment and never exhaust the funds! Indeed, I would be able to leave the balance to my kids. As it is now, if you die young, the gov't gets to keep everything you paid into the system.
Bush tried to privatize SS and everyone said: "Oh, I don't want that responsibility." Gees, people. How tough would it be to buy long term T-bills or CD's? But, no, people would rather sit on their lazy ass and let Congress spend their money. Absolute lunacy.
The US economy can’t continue to operate in an environment where debt finances people’s consumption. The government might be able to continue down this road but even it can’t do this forever.
500 a year would not cover Charlie Rangles parking tickets.
Fly B-52’s over the country dropping $100 bills. It would be cheaper. And, Bambi has no need for B-52’s anyway now that everyone in the world loves us.
Of course, they would probably need an F-22 escort to protect them from gang hijackings.
Except getting those jobs requires corporate investment, which is less likely with higher tax rates. Your plan actually makes it more affordable to expand at a time when the economy needs it less, and makes economic expansion during times of severe unemployment less likely.
Simply put, lower taxes create jobs. Higher taxes cost jobs. Your plan raises taxes when jobs are scarce, resulting in not only less incentive to create jobs, but likely resulting in lay-offs because companies have to cut expenses to cover the increased taxes.
Social Security is a ponzi scheme the magnitude of which dwarfs Madoff by a million-fold.
I guess I’m looking for equilibrium with an incentive to employ.
Oh, and union members are counted as unemployed, because they are.
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