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24 Jan 08 - 08:10 AM (#2243512) Subject: BS: Free $1,600.00 for the taking From: Donuel Americans may be getting some "free" money to "stimulate" the economy. Some in COngress want everyone to get it and some only want certain tax payers to get it. Indeed it will give the appearence of keeping the market above water right up until W leaves office. What will you do with your hand out? |
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24 Jan 08 - 08:22 AM (#2243523) Subject: RE: BS: Free $1,600.00 for the taking From: JohnInKansas Having paid US Federal Income Tax since I was 12 years old, and NEVER having benefited from any such "rebate," "tax simplification," "special exemption," or other political tripe, I plan to ignore the blather about this one completely until I see something in my pocket. NO PLAN with any possibility of enactment exists. Herr Die Bush has recommended that two-thirds of any "stimulus" should go to the business fat-cats who are responsible for the need for a "stimulation" largely because they already had so much more cash in hand demanding investment that they saturated the financial markets with predatory loans. I don't expect to see anything from it, and I refuse to join the mob-mentality rush to go out and spend what I've got in expectation of a "gift" that will never arrive. If I actually get about 700% of what I expect, I might buy a cup of coffee. John |
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24 Jan 08 - 08:23 AM (#2243524) Subject: RE: BS: Free $1,600.00 for the taking From: artbrooks I will use it to keep myself stoked with strong coffee while I try to figure out a way to explain to my daughters why (and how) they are going to repay this "gift" that our government is going to increase the national debt in order to make to us. |
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24 Jan 08 - 08:32 AM (#2243529) Subject: RE: BS: Free $1,600.00 for the taking From: Donuel John seems to think that George has put a dollar on the side walk that will be jerked away with fishing line as we stoop to pick it up. How cynical...how true. We could stimulate the economy in 3 weeks by giving out more food stamps and welfare benefits. Those people will spend it for sure. |
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24 Jan 08 - 08:40 AM (#2243530) Subject: RE: BS: Free $1,600.00 for the taking From: ranger1 The last time he "gave" us money, we had to subtract it from our income tax returns. I love it when people give me something that was mine to begin with! |
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24 Jan 08 - 08:49 AM (#2243532) Subject: RE: BS: Free $1,600.00 for the taking From: Rapparee Stick it in the bank. |
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24 Jan 08 - 08:52 AM (#2243537) Subject: RE: BS: Free $1,600.00 for the taking From: Donuel typically, I have another crazy idea. All the home mortgage bonds and derivitives are now officially WORTHLESS since no bank or entity will buy them. Why not give them to us. They are worthlless anyway. We will then own the debt on each other's homes :< / PS I just saw a TV commercial for Country Wide Home Mortgage Company. They are now the sponsor for Sponge Bob Square Pants. |
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24 Jan 08 - 09:15 AM (#2243561) Subject: RE: BS: Free $1,600.00 for the taking From: JohnInKansas The "anticipation" of the "rebate" that will never apparently has already begun to spur a whole lot of consumer spending. Being total masters of false propaganda, I would have expected at least one of the Administration's lackeys to suggest: "Make them a promise, and see if the promise is enough." "By the time the entusiasm runs out, you'll be out of office. Let the next guys pay it if they have to." The media are cooperating with border-to-border and wall-to-wall "help on how to spend your rebate" and urging people to spend now in anticipation of what most likely will NEVER HAPPEN. THERE IS NO REBATE PLANNED NOW, AND NOBODY KNOWS WHO WILL GET ONE IF ANY SUCH THING EVER HAPPENS. (But the smart money is on it all going to the ones who already have all the money.) Just don't spend it before you get it. (IMNSHO) John |
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24 Jan 08 - 09:33 AM (#2243577) Subject: RE: BS: Free $1,600.00 for the taking From: Rapparee I'm not spending anything I don't have in hand. Things are, I think, gonna get really, really tight. I might buy some more .30-30 bullets for deer hunting though, but I doubt that my spending fifteen bucks or so is going to overstimulate the economy. I'll bank it if I ever get it. |
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24 Jan 08 - 09:33 AM (#2243578) Subject: RE: BS: Free $1,600.00 for the taking From: Barry Finn The latest is, is that the tax rebates down to $300, they've rolled on the extenstion of unemployment & giving out more food stamps. Just about everything the poor might benifit from with a plus to the economy. They're still out on the beines to the business/corparte world, but I'm betting that they'll benift greatly like the last time a stimulas was gien. Barry |
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24 Jan 08 - 09:45 AM (#2243583) Subject: RE: BS: Free $1,600.00 for the taking From: Stilly River Sage Maybe if all of us poor people pooled our handout from Dubya it would be enough to buy off Bush and Cheney and they'd step down and let Pelosi be pres for the next few months? Someone has to start the repairs as soon as possible on the damage those two have done to both the country and the "public trust" (as trusts go, this one is bankrupt). SRS |
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24 Jan 08 - 09:49 AM (#2243584) Subject: RE: BS: Free $1,600.00 for the taking From: Peace They gonna give y'all your money back? |
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24 Jan 08 - 10:04 AM (#2243593) Subject: RE: BS: Free $1,600.00 for the taking From: Amos The insanity of this scheme is obvious. "Stimulating" the economy does not mean handing people money. If the suppression imposed on the economy were correctly identified -- over-regulation in non-useful ways, under-regulation in basic ethics, and gfrossly misunderstood principles of success-- the economy would right itself like a well-designed hull returning from a bad list. But the engine of the economy, for one thing, is overloaded. A |
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24 Jan 08 - 10:06 AM (#2243595) Subject: RE: BS: Free $1,600.00 for the taking From: SINSULL Pisses me off. There are millions going and buying on credit because they think they are getting some cash from the government soon. Stimulates retail sales, though. I will make no plans for it until it is in my hands. Wonder if it will put me in a higher tax bracket. |
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24 Jan 08 - 10:10 AM (#2243600) Subject: RE: BS: Free $1,600.00 for the taking From: GUEST,Bob Ryszkiewicz Hi Kids!: You'll be so giddy with the $1600 that you won't even notice their hands in your back pocket. Slicker than David Blaine. Relax. It let's Congress put on a good show for ya... bob |
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24 Jan 08 - 12:48 PM (#2243715) Subject: RE: BS: Free $1,600.00 for the taking From: Rapparee 1. The Government borrows money from China to give to us. 2. We are supposed to go out and buy stuff with it, stuff that's made in China. 3. This stimulates the US economy. 4. Everything is now coming up roses. Am I missing something here? Wouldn't it be better to employ people in the US, even on CCC-type jobs? (Yes, I'm picking on China. Could be EU or India -- pick a country, any country.) |
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24 Jan 08 - 01:14 PM (#2243742) Subject: RE: BS: Free $1,600.00 for the taking From: CarolC Wouldn't it be better to employ people in the US, even on CCC-type jobs? Vote for Dennis Kucinich. He has such a plan. |
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24 Jan 08 - 01:26 PM (#2243749) Subject: RE: BS: Free $1,600.00 for the taking From: Little Hawk Yes, it would be better to employ people in the USA (and Canada). It would be better to cancel NAFTA now, and end the exporting of our jobs to places where they have what virtually amounts to slave labour. It would be better to encourage the revitalization of North American industry by starting to develop more domestic Green power industries (wind and solar, for example). Such a move, if taken seriously, could create millions of jobs in North America, reduce our dependence on oil, and put money in the pockets of the public by paying them WAGES, not by handing them an envelope of spending money to go and "party" with... Vote for Kucinich. |
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24 Jan 08 - 02:59 PM (#2243845) Subject: RE: BS: Free $1,600.00 for the taking From: katlaughing IF we actually get it, we won't be spending it. It will go to replenish the saving which have dwindled down to pay extra medical costs, car repair, and maintenance of our home. |
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24 Jan 08 - 03:33 PM (#2243861) Subject: RE: BS: Free $1,600.00 for the taking From: Rapparee Savings? What is this "savings" of which you speak? |
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24 Jan 08 - 04:23 PM (#2243908) Subject: RE: BS: Free $1,600.00 for the taking From: Little Hawk Well, for example, Rapaire, I've been saving myself for Winona... |
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24 Jan 08 - 04:49 PM (#2243929) Subject: RE: BS: Free $1,600.00 for the taking From: katlaughing Oh, well, it was a once in a lifetime kinda thing...some equity which we're really paying for on the other home loan...it's a long story, but it was nice while it sat there in our account.:-) |
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24 Jan 08 - 07:46 PM (#2244079) Subject: RE: BS: Free $1,600.00 for the taking From: Slag LH, you have enough there for several threads...I shall refrain. ATTENTION!!! ATTENTION!!! It is YOUR money in the first place! Get it? It is money they TOOK from you in taxes. They are usually using it to line their own pockets and benefit cronies, henchmen and other constituents. This being an election year combined with a few market jitters they (our beloved public SERVANTS) have crossed party lines and have mutually decided to bribe you lest you attribute the above said "jitters" to anyone party or person(s) now holding office. The Supreme Court gives its tacit approval by not challenging the move so that makes it unanimous. Take the money. It's yours. Do with it as you will. They'll get it back eventually. |
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24 Jan 08 - 07:55 PM (#2244085) Subject: RE: BS: Free $1,600.00 for the taking From: Donuel Rapaire your cycle of borrowed money is a Tom Toles cartoon. The part of the cycle that is often unseen is paying for the borrowed money by selling our jobs to China and giving the rest to corporate welfare programs. |
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24 Jan 08 - 08:00 PM (#2244087) Subject: RE: BS: Free $1,600.00 for the taking From: Little Hawk As you say, Slag, it's a bribe. And a pretty transparent one. |
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24 Jan 08 - 08:19 PM (#2244102) Subject: RE: BS: Free $1,600.00 for the taking From: Stilly River Sage Yeah, but amazing how many people fall for it. |
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24 Jan 08 - 08:46 PM (#2244110) Subject: RE: BS: Free $1,600.00 for the taking From: Rapparee And here, Donuel, I thought I thought it all by myself. Really. |
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24 Jan 08 - 08:52 PM (#2244113) Subject: RE: BS: Free $1,600.00 for the taking From: Bobert This plan must have been hatched by the Wylie Coyote Economy Co... It is nuthin more than Bush trying to spend the US Tresury into complete bankruptcy... It won't stimulate jack!!! Here's the real deal... The American people who will be getting these check are so covered up in debt that all it's gonna do is allow them a one or two month reprieve on their credit card debt... Where is that money going to go??? Duhhhhh... To pay off debt... Who is that going to help??? Duhhhhh... The same folks who were supposed to invest in new plants and jobs when Bush gave them a big ass tax cut... In other words: rich people, who rahetr invest in palnts and new jobs sat on theuir lazy asses and took the money and lent it to the stuggling middle class who in turn bought a bunch of Chinese stuff with the borrowed money???? Hmmmmmmmm???? So this $150B is nuthing but another big give away to the rich 'cause most of it will go toward paying off debt??? So let's do a little review here... Waht Bush and the Dems think is that folks are going out to buy durable goods with the dough and all will be well??? Right??? Wrong!!! The average middle class family owes over $4000 in credit card debt... Waht, you think they are going to go out and buy a new washing machine??? Think again... Extremely stupid economics... (But, BObert... All you do is bash Bush and his ideas and you never come up with any ideas...) First of all that is bull but, hey, forget bull for one minute... If we really wanted to stimulate the economy we would do teo major things: 1. We would repeal the tax cuts to the wealthy which would put more revenue back into the Treasury so we wouldn't be runnin' these terrible deficits, and... 2. We would be looking into regulatying the banking industry and looking for ways to stop the forclosure rates, even if it meant having to have the US governemnt use part of the $150B they are about to run thru the shredder to loan (long term) to folks to keep them in their homes... Kinda a reverse FDIC... Bobert |
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24 Jan 08 - 08:57 PM (#2244117) Subject: RE: BS: Free $1,600.00 for the taking From: Rapparee Quite some time ago I decided that the US Government could or would do little or nothing to pull the nation out of a recession. More along the lines of "would," since to actually DO something would cost a lot more than the politicos are willing to do or spend. I've always had the problem that I couldn't figure how you got out of debt by spending more money.... |
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24 Jan 08 - 09:15 PM (#2244135) Subject: RE: BS: Free $1,600.00 for the taking From: Bobert Exactly, rap... You can't borrow your way outta debt any more than you can borrow your way out of a recession... I have finally come to the conclusion that there is no intellegent life inside the beltway... And if an ol' hillbilly can figure this out then just how dumb does that make in the inside-the-beltwayers??? Beam me up, Scotty... I live way to close to D.C.... B~ |
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24 Jan 08 - 09:21 PM (#2244138) Subject: RE: BS: Free $1,600.00 for the taking From: Little Hawk It isn't that they aren't intelligent, Bobert...it's that their intelligence is aimed simply at maintaining and enlarging the position of a very wealthy elite that comprises less than half a percent of the population. They are quite intelligent...and totally unscrupulous. That's a dangerous combination. For them to stop playing the isane game they subscribe to would mean...giving up a smidgin of the enormous wealth and power they have. That, they are simply unwilling to do. And they don't figure that they have to. |
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24 Jan 08 - 10:23 PM (#2244173) Subject: RE: BS: Free $1,600.00 for the taking From: katlaughing Here's another thing that needs to be changed. Those who are up to their ears in credit card debt and try to do the honourable thing by making an offer in compromise to settle the debt will pay taxes on whatever amount the credit card company writes off IF it is over $600. The credit card company sends out a 1099C form which reports the amount to the Feds. Then they write it off and take it off on THEIR taxes! So, the debtor winds up paying one way or another anyway. I am not saying debtors should get off the hook, but if they really are sinking and have made a sincere effort, they should NOT be penalized in this way. |
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24 Jan 08 - 11:05 PM (#2244194) Subject: RE: BS: Free $1,600.00 for the taking From: Slag You might be right Bobert. You might also be one of the rich! So might most all of you, if you figure it the way the gum'ment does. So when they tax the "rich" they are taxing who??? Altogether class...YOU! Yup You ARE the Rich! And where does this bribe money come from? Well if it does come from tax revenues it will ostensibly be increasing the national debt. If it is new money entering into circulation the it increases the money supply and thereby weakening the Dollar even more. My advice holds. Take the money. It isn't going to change a thing and they WILL get it back sooner or later. |
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25 Jan 08 - 09:01 AM (#2244429) Subject: RE: BS: Free $1,600.00 for the taking From: Bobert Well, who don't know that, Slag... The rich never give anything away... Loan it??? Yup... Give??? No way... B~ |
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25 Jan 08 - 09:50 AM (#2244475) Subject: RE: BS: Free $1,600.00 for the taking From: Rapparee ...The growing disposition to tax more and more heavily large estates left at death is a cheering indication of the growth of a salutary change in public opinion. The State of Pennsylvania now takes -- subject to some exceptions -- one-tenth of the property left by its citizens. The budget presented in the British Parliament the other day proposes to increase the death-duties; and, most significant of all, the new tax is to be a graduated one. Of all forms of taxation, this seems the wisest. Men who continue hoarding great sums all their lives, the proper use of which for the public ends would work good to the community, should be made to feel that the community, in the form of the state, cannot thus be deprived of its proper share. By taxing estates heavily at death the state marks its condemnation of the selfish millionaire's unworthy life. It is desirable that nations should go much further in this direction. Indeed, it is difficult to set bounds to the share of a rich man's estate which should go at his death to the public through the agency of the state, and by all means such taxes should be graduated, beginning at nothing upon moderate sums to dependents, and increasing rapidly as the amounts swell, until of the millionaire's hoard, as of Shylock's, at least " ---- The other half Comes to the privy coffer of the state." This policy would work powerfully to induce the rich man to attend to the administration of wealth during his life, which is the end that society should always have in view, as being that by far most fruitful for the people. Nor need it be feared that this policy would sap the root of enterprise and render men less anxious to accumulate, for to the class whose ambition it is to leave great fortunes and be talked about after their death, it will attract even more attention, and, indeed, be a somewhat nobler ambition to have enormous sums paid over to the state from their fortunes. There remains, then, only one mode of using great fortunes; but in this we have the true antidote for the temporary unequal distribution of wealth, the reconciliation of the rich and the poor -- a reign of harmony -- another ideal, differing, indeed, from that of the Communist in requiring only the further evolution of existing conditions, not the total overthrow of our civilization. It is founded upon the present most intense individualism, and the race is prepared to put it in practice by degrees whenever it pleases. Under its sway we shall have an ideal state, in which the surplus wealth of the few will become, in the best sense, the property of the many, because administered for the common good, and this wealth, passing through the hands of the few, can be made a much more potent force for the elevation of our race than if it had been distributed in small sums to the people themselves. Even the poorest can be made to see this, and to agree that great sums gathered by some of their fellow-citizens and spent for public purposes, from which the masses reap the principal benefit, are more valuable to them than if scattered among them through the course of many years in trifling amounts.... |
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25 Jan 08 - 12:25 PM (#2244608) Subject: RE: BS: Free $1,600.00 for the taking From: Little Hawk Slag, I have no objection to paying taxes...providing those taxes are used for good purposes which benefit the general public and the nation. For instance, in my country (Canada) we need roads, a legal system, hospitals, medicare, schools, utilities, communications systems, a reasonable-sized armed forces (the USA's are totally unreasonable in size), police, local and provincial and federal goverments to run all these various things, and so on... All that requires us paying some taxes, and that's okay with me. I know that the government needs some money to carry on, and I hardly see how they can get it if they don't collect some taxes. I don't regard their taxing me as robbery...UNLESS they take far more from me than what they fairly should and UNLESS they use it for purposes not in accordance with the good of the public or the nation. Accordingly, if I were an American I guess I'd be pretty upset right now about how a very large part of my taxes are being used (mainly in regards to the Iraq War). |