Economic recovery act made less effective - Page 3 - U.S. Politics Online: A Political Discussion Forum

Dominic Harr · #31 (**permalink**) 02-11-2009

Quote:

Originally Posted by Doctor Who

I agree but sometimes people just post opinion as fact without regard to any element of validity.

As far as being an idiot, I'm a fan of "I might be an idiot but I'm not stupid."

And as Eagle pointed out, no one has done the math here. We are not being told what they expect this bill to do in anything other than nebulous terms. The only one doing the math, as they are required to, is the CBO but they are being ignored. Everyone should be concerned about that and questions should be asked as to why the CBO's opinion is irrelevant. BTW, I think we all know why.

And as far as simple math goes:

National debt = 10.7 trillion
In Fiscal Year 2008, the U. S. Government spent $412 Billion on interest payments and the total outlay was 2.9 trillion with a deficit of 454 billion.

We've already outlayed 1.3 trillion for the first 4 months of fiscal 2009 and have a current deficit of 569 billion. (yes that's for 4 months) At that pace, and the "stimulus package" isn't even in there, we will have an outlay of 3.9 trillion and a deficit of 1.7 trillion. I can't see how this is a good idea but any of you can try to convince me it is.

http://www.fms.treas.gov/mts/mts0109.pdf

I agree completely, they don't talk about the math cuz this bill won't stimulate anything, it's a net loss.

I actually think all this makes perfect sense. We know how Washington works. And now when the Ds take full control of Washington, they propose to "solve" a problem by passing all the same corrupt spending bills they have been pushing for all along.

The goal here seems obvious. And they will get away with it. Maybe, eventually, some of these individuals will lose their seats. But they'll have already banked the money, secured the powerful friends, etc. And then another group of people will get in and steal as much as *they* can. And the cycle repeats.

I've seen it so many times, now. I'd have been surprised by anything else, to be honest.

AkDiesel · #32 (**permalink**) 02-11-2009

Quote:

Originally Posted by Miscreantgnomie

if the bill is less effective in your eyes... umm its the dems that control it all.

It was passed with all dems and 3 liberal turncoat republicans.

in the house only dems.

the republicans were locked out of all negotiations basically.

Its their baby.. People will forget about them blowing money by next election cycle anyways.

And you have over looked the 10 DEMs that voted NO in the HOUSE...

AkDiesel · #33 (**permalink**) 02-11-2009

So now let me see if I have this right, we the people voted these bots into office to do what? fix the econ? just what would happen if each of us Americans was to get a 75dollar raise the next pay check? would we the people start spending more? pay off some cards and buy some other items?
What kind of money would that be going into the ecom of any given area?

Look at Alaska and with the yearly check that goes out... ask any business what that does to their cash flow. Now if you take that same thing across the country 175million people with on average having an extra 75.00 per check or 150 per month

175,000,000.00X150.00=$$$$$$$ going in to the national econ per month???????

And the government spent how much?

Slon · #34 (**permalink**) 02-11-2009

So, we should create as many useless/make-work jobs as possible? Not to accomplish any important tasks, but just to get people working?

Melanie · #35 (**permalink**) 02-11-2009

Quote:

Originally Posted by Mick Jagger

175,000,000.00X150.00=$$$$$$$ going in to the national econ per month???????

And the government spent how much?

Actually, according to the 2007 IRS Data Book, there are approximately 134 million taxpayers. All of the bailouts and stimulus that they are doing are right about 2.1 trillion (ONE of the figures I have seen)....

If they just gave 134 million taxpayers $7462.69 that would have only been 1 trillion.

How many homes would that have saved? How much could a household do if there were 2 taxpayers receiving a total of $14,925.37?

They could have sent us almost $15 grand and saved themselves 1.1 trillion dollars.

Oh wait... can't do that... it wouldn't have gone right into the Wall Street bankers pocket that way... and that is what this is REALLY about.

Doctor Who · #36 (**permalink**) 02-12-2009

Quote:

Originally Posted by Melanie

Actually, according to the 2007 IRS Data Book, there are approximately 134 million taxpayers. All of the bailouts and stimulus that they are doing are right about 2.1 trillion (ONE of the figures I have seen)....

If they just gave 134 million taxpayers $7462.69 that would have only been 1 trillion.

How many homes would that have saved? How much could a household do if there were 2 taxpayers receiving a total of $14,925.37?

They could have sent us almost $15 grand and saved themselves 1.1 trillion dollars.

Oh wait... can't do that... it wouldn't have gone right into the Wall Street bankers pocket that way... and that is what this is REALLY about.

You just don't get it do you Melanie. You do not know how to spend your money. You will go out to Wal-Mart and buy a WII. And your neighbor will go out and buy a new TV set and a set of dumb bells. And the guy across the street will just buy something stupid like clothes for his kids and groceries and sock the rest of his new found fortune in the bank. What is that going to do for the economy? We need more government spending on real stimulus projects like putting more efficient lights in the city buildings here in Charlotte. Or making the roof of the police station "green" (whatever that means). And put in a new air conditioning unit for the Discovery Place. (aren't they a private company?) And upgrade the crossings for a rail system that hasn't even been built or funded yet. These are real parts of the bill and create real stimulus so you just get your little butt (hopefully) in goose step and keep quiet.

BTW, you left out the other 50M people who don't pay taxes but will get a "tax refund" anyway.

Melanie · #37 (**permalink**) 02-12-2009

Quote:

Originally Posted by Doctor Who

You just don't get it do you Melanie. You do not know how to spend your money. You will go out to Wal-Mart and buy a WII. And your neighbor will go out and buy a new TV set and a set of dumb bells. And the guy across the street will just buy something stupid like clothes for his kids and groceries and sock the rest of his new found fortune in the bank. What is that going to do for the economy? We need more government spending on real stimulus projects like putting more efficient lights in the city buildings here in Charlotte. Or making the roof of the police station "green" (whatever that means). And put in a new air conditioning unit for the Discovery Place. (aren't they a private company?) And upgrade the crossings for a rail system that hasn't even been built or funded yet. These are real parts of the bill and create real stimulus so you just get your little butt (hopefully) in goose step and keep quiet.

BTW, you left out the other 50M people who don't pay taxes but will get a "tax refund" anyway.

I know... I know... what was I thinking.

Maybe I should just send the IRS ALL of my money and live in a cardboard box. Hell, that is where some of us are going to wind up anyway.

The same people that created this mess are now in charge of fixing it.

God save us all.

daddio · #38 (**permalink**) 02-12-2009

Quote:

Originally Posted by Slon

So, we should create as many useless/make-work jobs as possible? Not to accomplish any important tasks, but just to get people working?

yup, thats the plan

AkDiesel · #39 (**permalink**) 02-12-2009

Quote:

Originally Posted by Melanie

Actually, according to the 2007 IRS Data Book, there are approximately 134 million taxpayers. All of the bailouts and stimulus that they are doing are right about 2.1 trillion (ONE of the figures I have seen)....

If they just gave 134 million taxpayers $7462.69 that would have only been 1 trillion.

How many homes would that have saved? How much could a household do if there were 2 taxpayers receiving a total of $14,925.37?

They could have sent us almost $15 grand and saved themselves 1.1 trillion dollars.

Oh wait... can't do that... it wouldn't have gone right into the Wall Street bankers pocket that way... and that is what this is REALLY about.

my bad, so I was off by what 21mill?

Melanie · #40 (**permalink**) 02-12-2009

Quote:

Originally Posted by AkDiesel

my bad, so I was off by what 21mill?

No.... I was just going by what was in the IRS Data Book...

Even at 175 million, it still would have been cheaper (and arguably more effective) to just give the money to the people who would spend it.

CSA · #41 (**permalink**) 02-12-2009

If you spent 1 million a day since the day Christ was born you would not spend 1 trillion dollars....

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode