This is ridiculous! The government is going to send me a $500 rebate of my own money so I can pay a large portion of it back next year after I get taxed on it again this year as it will be considered income, even though it is money I’ve already paid!?

Whoopee sign me up!

I’m really gonna (*)(*)(*)(*) em off, I’m gonna bury mine in the back yard for my 80th birthday so I can buy a Big Mac with it. If I figure it right that will be over 50 years without a Big Mac and if that don't kill me by shocking my system nothing will!

Morons is putting it mildly!

__________________
There are only two things wrong with this great nation of ours, democrats and republicans!

Not necessarily in that order.

I'm guessing the Dems will raise taxes on those they consider "rich". Well, OK, I'm convinced of it. We will make the switch from borrow and spend to tax and spend.

__________________
Where are we going? And why am I in this handbasket?

Yep and republicans are going to lower taxes on one thing raise taxes on another and borrow till the sun don't shine. Good thing we have countless years of future war to keep our heads above water, and an endless supply of slave labor to keep us going!

JP we are screwed either way, some more than others. Democrat or republican, America loses!

__________________
There are only two things wrong with this great nation of ours, democrats and republicans!

Not necessarily in that order.

That makes no sense. The key to a stimulus package is to put money in the hands of people who will spend it. Far from cutting social programs the government will extend unemployment benefits and expand food stamps.

These things have been studied. Mark Zandi of economy.com found that for every dollar of unemployment relief, $1.73 of economic activity was generated. For every dollar spent on state fiscal relief, $1.24 of economic activity was generated. The one time tax rebate generated $1.19 and tax relief for the wealthy cost more than it generated.

The root problem for both government and individuals is that there is too much debt burden. The country WILL either have a recession or the government WILL inflate our way out of debt (or both!) Certainly, Bush and Bernanke would choose the second option. It is more politically palatable. I wonder, though, if Asian and M.E. countries will become restless. Their dollars are buying less and less.

For those who have savings, a Volker style Fed chairman would be preferred. Isn't the stock market going down today, in spite of the rescue plan?

I agree a long term permanent tax cut is better. But that takes some time. The checks are an immediate stimulus and that's where their benefit comes in.

As far as the GOP having had 6 years to reverse the Clinton tax on SS benefits; they did. Their bill passed in both the House and the Senate (by one vote), but Clinton vetoed the bill in Sept of 1999. So sorry.....but you cannot blame the tax we endure on our SS benefits on ANYONE BUT BILL CLINTON.

__________________
"This is a time for a national imperative not to fail in Iraq." Condoleeza Rice, January 11, 2007

The stimulus lasts until the $500 is gone. How long do you think that takes? A tax cut puts more money in your pocket all year. Now that can do something. A one time check is nothing more than a feel good measure.

I'm talking about AFTER Clinton. You do remember the heady days from 2000-2006 when the GOP-led government did nothing to fix it, right? Not a thing. They could have. They didn't. Just a plain, simple fact. Would have taken them 10 minutes. Why do you suppose they didn't fix it? I know the answer.

__________________
Where are we going? And why am I in this handbasket?

How far is it from the nearest Wallyworld with a gas station?

__________________
There are only two things wrong with this great nation of ours, democrats and republicans!

Not necessarily in that order.

You'll never prove she is playing dumb with ya, don't even try!

__________________
There are only two things wrong with this great nation of ours, democrats and republicans!

Not necessarily in that order.

how will this improve our situation? now, if it were accompanied by a corresponding decrease in spending to pay for a tax cut, ok. but cutting taxes more, while spending more, equals borrowing more. i'm sure you can make sense of it for us [/sarcasm]

__________________

Quote:

Originally Posted by Bushfan http://www.politicalforum.com/images...s/viewpost.gif Pelosi calls Mr. Bush a Failure in Eeverything. You just can't hide a public eduation.

Quote:

Originally Posted by Rusticus Rove is s the slime on which this whole administration slid.

Quote:

Originally Posted by Raharu Haruha And spending money is nothing more than another form of voting.

Apparently, when Clinton doesn't sign the change that counts as doing nothing to fix it (which is fair). But when the GOP fails to act for 6 years that doesn't count. Huh? On what planet?

__________________
Where are we going? And why am I in this handbasket?