$145 Million

124

Comments

  • Kel Varnsen
    Kel Varnsen Posts: 1,952
    So let me get this straight, and someone can correct me if I am wrong, but after years of tax cuts and massive budget defecits the US economy is tanking (after years of economic growth). So in response to the tanking economy they decide to cut taxes even more?
  • jlew24asu
    jlew24asu Posts: 10,118
    Kel Varnsen wrote:
    So let me get this straight, and someone can correct me if I am wrong, but after years of tax cuts and massive budget defecits the US economy is tanking (after years of economic growth). So in response to the tanking economy they decide to cut taxes even more?

    the us economy isnt tanking because of tax cuts. (as you are suggesting).

    its because bush and the banks decided to loan billions of dollars to people who couldnt pay it back.
  • JOEJOEJOE
    JOEJOEJOE Posts: 10,822
    Kel Varnsen wrote:
    So let me get this straight, and someone can correct me if I am wrong, but after years of tax cuts and massive budget defecits the US economy is tanking (after years of economic growth). So in response to the tanking economy they decide to cut taxes even more?

    Yes.....some say it will stimulate the economy, however, its obviously an election year ploy to make people feel good about the govt.
  • jlew24asu
    jlew24asu Posts: 10,118
    JOEJOEJOE wrote:
    Yes.....some say it will stimulate the economy, however, its obviously an election year ploy to make people feel good about the govt.

    an election year ploy? you know bush isnt running again right..
  • Kel Varnsen
    Kel Varnsen Posts: 1,952
    JOEJOEJOE wrote:
    Yes.....some say it will stimulate the economy, however, its obviously an election year ploy to make people feel good about the govt.


    But if all the other taxs cuts he has made have not stimulated the economy why would anyone think this one will?
  • given2fly78
    given2fly78 Posts: 404
    I wonder if we'll have to claim it on our taxes as income?
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  • lastexit78
    lastexit78 Posts: 618
    Let me understand this. $145 Million, roughly half of A-Rod's contract is going to pull the entire country out of a recession that's been 8 years in the making? How can anyone argue with this brilliant plan?
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  • anotherclone
    anotherclone Posts: 1,688
    JOEJOEJOE wrote:
    I wonder what govt programs they will cut in order to fund the rebate? Most govt programs help low income individuals, so in the long run, they will suffer, while the higher income people who use less govt services are the ones who truly benefit.

    I am curious about this as well. Does anyone know where the money is coming from?
    given2fly78 wrote:
    I wonder if we'll have to claim it on our taxes as income?


    I think we had to with the last one in 2001(I think it was.)
  • floyd1975
    floyd1975 Posts: 1,350
    anotherclone wrote:
    I am curious about this as well. Does anyone know where the money is coming from?

    How would people know that? Many people here don't seem to acknowledge where it came from in the first place.
  • anotherclone
    anotherclone Posts: 1,688
    floyd1975 wrote:
    How would people know that? Many people here don't seem to acknowledge where it came from in the first place.

    what do you mean? I'm confuseled. It sounds like you are just restating my question. ;)
  • JOEJOEJOE
    JOEJOEJOE Posts: 10,822
    jlew24asu wrote:
    an election year ploy? you know bush isnt running again right..

    Yes, but the Republicans are running!
  • JOEJOEJOE
    JOEJOEJOE Posts: 10,822
    Kel Varnsen wrote:
    But if all the other taxs cuts he has made have not stimulated the economy why would anyone think this one will?

    There are a lot of unrealistic people in the lower 48!
  • LikeAnOcean
    LikeAnOcean Posts: 7,718
    Here's a brilliant idea.. how about instead of protesting by ripping up your own earned money, you actually put the money to a good cause. You rip up your check and the government will just have extra money for war. People here should be demading just about all their taxes back by this point, since the government seems to spend our money for its own interests.
  • LikeAnOcean
    LikeAnOcean Posts: 7,718
    lastexit78 wrote:
    Let me understand this. $145 Million, roughly half of A-Rod's contract is going to pull the entire country out of a recession that's been 8 years in the making? How can anyone argue with this brilliant plan?
    Thats 148 Billion with a B... otherwise we'd all be getting 50 cents back.
  • anotherclone
    anotherclone Posts: 1,688
    LikeAnOcean wrote:
    Thats 148 Billion with a B... otherwise we'd all be getting 50 cents back.

    that is kind of funny if you think about it.
  • JOEJOEJOE
    JOEJOEJOE Posts: 10,822
    LikeAnOcean wrote:
    Here's a brilliant idea.. how about instead of protesting by ripping up your own earned money, you actually put the money to a good cause. You rip up your check and the government will just have extra money for war. People here should be demading just about all their taxes back by this point, since the government seems to spend our money for its own interests.

    Its not really our earned money....its like the govt is taking a huge cash advance (getting into more debt) for a fun night of partying. Eventually, we will all sober up and have a mother of a hangover!
  • jlew24asu
    jlew24asu Posts: 10,118
    JOEJOEJOE wrote:
    Yes, but the Republicans are running!

    haha um yes there are. thats kinda how it works. this has nothing to do with the election. sorry.
  • lastexit78
    lastexit78 Posts: 618
    LikeAnOcean wrote:
    Thats 148 Billion with a B... otherwise we'd all be getting 50 cents back.

    I knew something was wrong with those numbers. I just got home and seen the proposal. It's still not the answer but it's a hell of an improvement over 50 cents a person. Then again when the National Debt doubles in the next 5 years and were all working for minimun wage I'll probably be wishing it was 50 cents.
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  • Dirtie_Frank
    Dirtie_Frank Posts: 1,348
    how much of the GDP do you think the government uses for the war? Well if we spent $100 Billion on the War we only spend a little less 1% of the US $13trillion dollar GDP so this money no matter what you say was probably not going to the war.
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  • jlew24asu
    jlew24asu Posts: 10,118
    Dirtie_Frank wrote:
    how much of the GDP do you think the government uses for the war? Well if we spent $100 Billion on the War we only spend a little less 1% of the US $13trillion dollar GDP so this money no matter what you say was probably not going to the war.

    its close to 10% of gdp. which is ridiculous. based on that fact alone it needs to stop.

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