I like your idea. This way the people can buy the big ticket items and this will stimulate this here economic situation. Also, the mothers can buy food to feed their hungry children so, they don't get sick and all the people and the businesses will be happy again. This be a win win situation. Nice idea dawg!
:cripwalk::cripwalk::cripwalk::toast:
the economic system a huge pyramid scheme
to keep the fiat scheme going they gotta protect the financial system from collapsing and faith in the banks and such being lost
and i don't think 700 billion will be enough especially if obama and company are intent i directing some of it elsewhere besides bank injections
PEBO*= President Elect Barack Obama
We now have the benefit of PEBO’s* general position on a plan to stimulate our economy. Government shall be our savior. We shall not want. More specifically, government spending. About $800 billion (probably more) will be created out of thin air and then spent by politicians and their cronies in an effort to get our economy moving. Some of PEBO’s spending ideas included “investing” in government schools and modernizing various federal government buildings in Washington and elsewhere.
The “investing in education” bit gives you your first real clue of just what Obama is proposing here. He is proposing to use the occasion of an economic crisis to provide cover for increased government spending that he’s been promising since the day he announced his candidacy. I doubt that someone can explain clearly just how investing in education is going to quickly stimulate our economy, but that spending will be there because it was promised – promised long before our crisis became apparent.
Obama’s stimulus plan is very little more than a plan to enhance and solidify the power of the Imperial Federal Government over our economy at the expense of the private sector and free markets.
Is there a better idea out there? You bet there is, and it came from the 1st Congressional District of Texas. Congressmen Louie Gohmert notes that the federal government collects about $100 billion in income taxes every month, plus another $60 billion in Social Security and Medicare taxes. If those of you who are government educated have a calculator handy, you’ll see that this adds up to about $160 billion a month. Now if you divide Obama’s proposed $800 billion stimulus plan by $160 billion, you’ll come up with five. This means that our government will collect $800 billion in income and payroll taxes from February through June.
So, Gohmert asks, instead of bureaucrats and politicians deciding how all of this money is going to be spent, why not let the people who actually worked for this cash make their own independent spending decisions for this money. How would you do that? Simple: declare a five-month tax holiday. From February through June everybody keeps their paycheck. No income tax withholding … no payroll taxes. What will the people do with this money? What, are you crazy? They’ll spend it, that’s what. Talk about stimulating the economy!
Let’s just wrap this up with a handy little chart. Politicians just love charts.
Stimulus plans' affect on national debt
Obama's Stimulus - The government prints $800 billion for government to spend, thus insuring that the money will be spent as politicians and government bureaucrats want it to be spent. Plan adds $800 billion in additional debt.
Six Month Tax Holiday - The government prints $800 billion to replace the lost tax revenue needed for ordinary government expenses while people are spending the money they earned to stimulate our economy. Plan adds $800 billion in additional debt.
Either way we add $800 billion to our deficit.
Who gets the power to chose economic winners and losers?
Obama's Stimulus - Government makes the choices of who wins and loses. Winners include teacher’s unions, government contractors, politicians and businesses favored by government and political operatives. This plan grows government.
Six Month Tax Holiday - The people who actually earned the money get to choose the economic winners and losers through their spending decisions. Winners include private sector businesses that provide quality products and services. This plan grows the private-sector economy.
Either way $800 billion gets poured into our economy!!
http://townhall.com/columnists/NealB...plan_out_there
We now have the benefit of PEBO’s* general position on a plan to stimulate our economy. Government shall be our savior. We shall not want. More specifically, government spending. About $800 billion (probably more) will be created out of thin air and then spent by politicians and their cronies in an effort to get our economy moving. Some of PEBO’s spending ideas included “investing” in government schools and modernizing various federal government buildings in Washington and elsewhere.
The “investing in education” bit gives you your first real clue of just what Obama is proposing here. He is proposing to use the occasion of an economic crisis to provide cover for increased government spending that he’s been promising since the day he announced his candidacy. I doubt that someone can explain clearly just how investing in education is going to quickly stimulate our economy, but that spending will be there because it was promised – promised long before our crisis became apparent.
Obama’s stimulus plan is very little more than a plan to enhance and solidify the power of the Imperial Federal Government over our economy at the expense of the private sector and free markets.
Is there a better idea out there? You bet there is, and it came from the 1st Congressional District of Texas. Congressmen Louie Gohmert notes that the federal government collects about $100 billion in income taxes every month, plus another $60 billion in Social Security and Medicare taxes. If those of you who are government educated have a calculator handy, you’ll see that this adds up to about $160 billion a month. Now if you divide Obama’s proposed $800 billion stimulus plan by $160 billion, you’ll come up with five. This means that our government will collect $800 billion in income and payroll taxes from February through June.
So, Gohmert asks, instead of bureaucrats and politicians deciding how all of this money is going to be spent, why not let the people who actually worked for this cash make their own independent spending decisions for this money. How would you do that? Simple: declare a five-month tax holiday. From February through June everybody keeps their paycheck. No income tax withholding … no payroll taxes. What will the people do with this money? What, are you crazy? They’ll spend it, that’s what. Talk about stimulating the economy!
Let’s just wrap this up with a handy little chart. Politicians just love charts.
Stimulus plans' affect on national debt
Obama's Stimulus - The government prints $800 billion for government to spend, thus insuring that the money will be spent as politicians and government bureaucrats want it to be spent. Plan adds $800 billion in additional debt.
Six Month Tax Holiday - The government prints $800 billion to replace the lost tax revenue needed for ordinary government expenses while people are spending the money they earned to stimulate our economy. Plan adds $800 billion in additional debt.
Either way we add $800 billion to our deficit.
Who gets the power to chose economic winners and losers?
Obama's Stimulus - Government makes the choices of who wins and loses. Winners include teacher’s unions, government contractors, politicians and businesses favored by government and political operatives. This plan grows government.
Six Month Tax Holiday - The people who actually earned the money get to choose the economic winners and losers through their spending decisions. Winners include private sector businesses that provide quality products and services. This plan grows the private-sector economy.
Either way $800 billion gets poured into our economy!!
http://townhall.com/columnists/NealB...plan_out_there
US resident Individual tax returns with positive tax liability (2006) 92,297,510
(Src: http://www.taxfoundation.org/research/show/1410.html)
x $30,000
= $2.77 trillion
(Src: http://www.taxfoundation.org/research/show/1410.html)
x $30,000
= $2.77 trillion
Another good idea would be a tax holiday for at least 6 months. No income, sales, or SS tax. Instead of govt. borrowing money for so called stimulus, they would borrow to replace revenue.
This way you reward work and avoid just handing out money. It will never happen because it makes too much sense.
This way you reward work and avoid just handing out money. It will never happen because it makes too much sense.
I can see you know something about finance since this is the right answer. The thing that got us in this mess was government spending. If we spend more money where is that extra money coming from? It's like robbing Peter to pay Paul.
Only if the government cuts spending will we be helped.
If we have to give out money let's give it out to people who have good credit so they can buy another house or maybe a foreclosed house. These are the people that know how to invest in the infrastructure of our country and have a higher likelihood of not defaulting.
