W's economic stimulus package will give most tax filers refunds of $600 to $1,200, and more if they have children.

The rebates will go to about 116 million families. Repubs were kind of ticked off that democrats threw in $28 BILLION to people who DON'T PAY TAXES. :mad:

Individuals who pay income taxes would get up to $600, working couples $1,200 and those with children an additional $300 per child under the agreement.

Workers who make at least $3,000 but don't pay taxes would get $300 rebates. :mad:

Pelosi wanted increases in food stamp and unemployment benefits. :mad:

http://www.breitbart.com/article.php?id=D8UCFD1O0&show_article=1

This entire package is ridiculous.

Tax cuts, rebates are always good and both parties agree...however geting that money in June may be a bad idea.

I almost choked when I saw all the pork the liberals demanded.
Unbelievable. :(

The rebates will go to about 116 million families. Repubs were kind of ticked off that democrats threw in $28 BILLION to people who DON'T PAY TAXES. :mad:


I think it was for people who are unable to pay taxes! What I think that doesn't make sense is that the rep. provide tax cuts for the rich and continue to tax the middle and lower class more! It is as if the Rep. want the rich to stay rich, the middle to stay middle, and the poor to become poorer. :mad:

Wooo Hooooo We're getting back $1800 just in time to take a summer vacation!!!! Woooo Hoooo

So you think people who don't pay taxes should get tax rebates? :confused:

We don't tax the middle and lower class "more". They pay little/no tax compared to the rich. And after these new cuts the rich will actually pay MORE than before.

So you think people who don't pay taxes should get tax rebates? :confused:

They are trying to put money in the hands of those most likely to spend it. It is a bad policy...a bandaid at best for the economic woes that the United States faces. It is designed to delay what will be an economic disaster of monster porportions.

What is really needed in basic economic reform...markets need to be more competitive. Investments need to be made in infrastructure...not of those things are happening. Instead we keep giving away tax breaks. Just as the cure for all social ills is not a law. The cure for all economic ills is not a tax break.

I don't know who said this and I'm not going word-for-word, but it was something akin to this statement:
"We're borrowing money from China to give back to the people so that they can buy things made in China."

I don't see how this idea will stimulate any long-term economic growth.

I don't know who said this and I'm not going word-for-word, but it was something akin to this statement:
"We're borrowing money from China to give back to the people so that they can buy things made in China."

I don't see how this idea will stimulate any long-term economic growth.

The idea is, when people buy stuff, companies hire people who can buy more. It is that money circulation thing. If you set up an anchor industry that produces $x dollars, you get an economy of $5x to $8x due to the circulation of money. A small city rises out of that anchor. Assume that there is a local city that has a paper mill with sales of $300 million and employs 200 people. The town that grows up over the years would have about 4000 people, and an economic impact of about $1.5 Billion.

I don't know who said this and I'm not going word-for-word, but it was something akin to this statement:
"We're borrowing money from China to give back to the people so that they can buy things made in China."

I don't see how this idea will stimulate any long-term economic growth.

Not really. The U.S. is the biggest exporter in the world and the per capita exports of the USA is 8 times that of China. Most americans won't run to Walmart with their rebate. Most dollars go into housing, automobiles, health care, etc.

The package is dumb because it doesn't address any fundamental issues. A 'stimlus' means more of the same with no change in course. Why would it change fundamentals 18 months from now? Just more 'borrowed' money to add to the over 9 trillion dollar debt....a debt that costs every citizen thousands to service each year.

Exactly, it doesn't really address or fix what led us to be in this problem to begin with. If this is their solution, we're going to end up back where we started pre-stimulus, or worse.

So you think people who don't pay taxes should get tax rebates? :confused:

We don't tax the middle and lower class "more". They pay little/no tax compared to the rich. And after these new cuts the rich will actually pay MORE than before.

Uh, yeah. The poor are the ONLY ones that should get the money. I don't freaking need it. The rich SHOULD pay more. They need the money less.

It's hard to get excited about getting money back that you basically loaned to the govt at 0% interest for the year. I'm not complaining about getting the check, but this does nothing to fix the long-term problems of an economy based on retail spending.

This is not the first time we have executed the money give away solution. Look at the first Bush II tax rebate. A few years later we are in the same bucket. So it it did work, as Bush II claims. It had no prolonged effect.

There is a limit as to how much money we can give away.

This is not the first time we have executed the money give away solution. Look at the first Bush II tax rebate. A few years later we are in the same bucket. So it it did work, as Bush II claims. It had no prolonged effect.

We had to do something. We inherited a recession from Clinton that would have been horrible.

We had to do something. We inherited a recession from Clinton that would have been horrible.


Even if the recession was Clinton's fault, the money give away or tax rebate solution does not appear to have fixed the larger picture as we are now back in a worse boat that we were before.

Not really. The U.S. is the biggest exporter in the world and the per capita exports of the USA is 8 times that of China.
I was led to believe that Germany is the biggest exporter. This list on Wikipedia seems to agree: http://en.wikipedia.org/wiki/List_of_countries_by_exports

Even if the recession was Clinton's fault, the money give away or tax rebate solution does not appear to have fixed the larger picture as we are now back in a worse boat that we were before.

I'm not saying the recession was Clinton's fault just like the current state of the economy is not W's fault. This economy is cyclical. We see this same stuff every 7 years or so. You do have a good point in that the rebates won't fix the larger picture. But we are doing the quickest, easiest thing first.

Originally posted by sandy
We had to do something. We inherited a recession from Clinton that would have been horrible.

...

I'm not saying the recession was Clinton's fault just like the current state of the economy is not W's fault.

Ohhh, I get it. ;) ;)

kmguru, oreodont, thanks for your replies, and I understand what you're saying. I'm in favor of lower taxes even in such an indirect way. I realize that many people will spend a large sum of their money in local markets. I still feel that it won't be enough to revitalize the economy in the long-term if government spending continues at it's current rate.

People complain about the President and Congress. The same people will then applaud this rebate. In a year when the the rebate is added to the debt, along with another half trillion dollars, they will complain, again, about the President and Congress.

The cycle is almost comical. It's opening a new credit card to pay off the current ones and then going 'gee whiz' a year from now...'I didn't expect to actually have change my lifestyle to get out of debt'.

US debt is not like in the old days. New debt added to the total is borrowed from foreign banks, the Chinese, etc. It is not recirculated through the US economy. It's a temporary blip that accomplishes zip in the long term but increased interest payments and a lower dollar.

Stolen from a poster over at the Volkh Conspiracy.

The rebate plan reminds me of a quote I came across some time ago, and used at one point as the "quote of the month" on my blog:


"IN AMERICA, WE have a two-party system," a Republican congressional staffer is supposed to have told a visiting group of Russian legislators some years ago.

"There is the stupid party. And there is the evil party. I am proud to be a member of the stupid party."

He added: "Periodically, the two parties get together and do something that is both stupid and evil. This is called-bipartisanship."

http://volokh.com/posts/1201253067.shtml#319632

I like that characterization, the stupid part and the evil party. Mabye what we need is some truth in naming laws for our political partes!

So you think people who don't pay taxes should get tax rebates? :confused:

We don't tax the middle and lower class "more". They pay little/no tax compared to the rich. And after these new cuts the rich will actually pay MORE than before.

God! You do not listen to me!!! Look back at post #5.

NO ONE who does not pay taxes should get any kind of tax rebate. It's insane. But it's typical of the pathetic liberals and their entitlement mentality. They wanted to give extra money to people on welfare, food stamps, and other handout programs for losers. Ugh..:(

NO ONE who does not pay taxes should get any kind of tax rebate. It's insane. But it's typical of the pathetic liberals and their entitlement mentality. They wanted to give extra money to people on welfare, food stamps, and other handout programs for losers. Ugh..:(

apparenty Impoverished= losers I didnt know that. hmmmm :bugeye:

NO ONE who does not pay taxes should get any kind of tax rebate. It's insane. But it's typical of the pathetic liberals and their entitlement mentality. They wanted to give extra money to people on welfare, food stamps, and other handout programs for losers. Ugh..:(

I agree. We should just kill all of those asocial bums, just as Hitler did.

I agree. We should just kill all of those asocial bums, just as Hitler did.

You and Sandy are a match made in heaven. :D

"Impoverished" is another pathetic word. So are "less fortunate" and "giving back". I'm tired and fed up with all the excuses. Boortz, my favorite independent libertarian says it better than I ever could:

http://boortz.com/nuze/200801/01022008.html

NO ONE who does not pay taxes should get any kind of tax rebate. It's insane. But it's typical of the pathetic liberals and their entitlement mentality. They wanted to give extra money to people on welfare, food stamps, and other handout programs for losers. Ugh..:(

Those people may proportionally more taxes than anyone else. I'm sure in your world, only income tax is relevent, but there is payroll tax, sales tax, property tax (even if they just rent), and tolls on public roads.

"Impoverished" is another pathetic word. So are "less fortunate" and "giving back". I'm tired and fed up with all the excuses. Boortz, my favorite independent libertarian says it better than I ever could:

http://boortz.com/nuze/200801/01022008.html

Apparently compasion and christian are two words that cant be put into the same sentence as well :rolleyes: Good for you Sandy good for you.

Jesus told us that poor people are just lazy.

Jesus told us that poor people are just lazy.

I remember that, it was when fox interviewed him at the GOP convention. :D

You and Sandy are a match made in heaven. :D

My post was intended as a joke. :(

"Impoverished" is another pathetic word. So are "less fortunate" and "giving back". I'm tired and fed up with all the excuses. Boortz, my favorite independent libertarian says it better than I ever could:

http://boortz.com/nuze/200801/01022008.html

Hello? Some people are "less fortunate" than others. You've never seen true poverty to understand that.

I know :p

I remember that, it was when fox interviewed him at the GOP convention. :D

I remember that, he was looking like chuck norris!

http://xs223.xs.to/xs223/08045/vault5a_2609.jpg (http://xs.to)

Remember right after that when he took a position on the board of directors for Haliburton?

I remember that, he was looking like chuck norris!

http://xs223.xs.to/xs223/08045/vault5a_2609.jpg (http://xs.to)

:D :roflmao:

That you're not a little disturbed at the idea of a Jesus depiction holding a gun is a little disturbing. :p

That you're not disturbed at the idea of a Jesus depiction holding a gun is a little disturbing. :p

Jesus is a card carrying member of the NRA. Where have you been?

That you're not disturbed at the idea of a Jesus depiction holding a gun is a little disturbing. :p

i concur

NO ONE who does not pay taxes should get any kind of tax rebate. It's insane. But it's typical of the pathetic liberals and their entitlement mentality. They wanted to give extra money to people on welfare, food stamps, and other handout programs for losers. Ugh..:(

Wait!!! What I said was it is for people who are unable to pay taxes!!!:mad:

Another thing that you are implying: So people who are not rich or wealthy are losers?