Stimulus Checks Part 2

chrismaddox3d

http://www.bloomberg.com/apps/news?pid=20601087&sid=aLM.lRyNYPEw&refer=home
http://www.wallstrip.com/2008/10/21/second-stimulus-check-may-be-on-the-way/
well i hope they pass this or something,
wouldnt mind getting another $1,200 check to boost economy,
not looking good right now,
guess we will see soon,

ElysiumGX

The Dow was up 413 points today, and closed above 9,000 points.

I hate you, internet!

aesir

You get a check for 700, and then you get an extra 700 to pay in taxes. Yayyy

flaagan

Oh man, I'm loving the quotes from McCain and Palin, nice to see some common sense.

It's just another government giveaway. We've seen too much of that already.

Amen to that.

TomDunne

I haven't seen too many government giveaways - I can always us a few more stimulus checks.

notman

The problem with the stimulus checks is that it's like borrowing from next year's return. I use that return to pay for vacations... but if they send a stimulus check, life will find a way of sucking it dry.

AstroZombie

vermilion wrote: »

I haven't seen too many government giveaways

That's because you're not a mega-corporation

TomDunne

Shit, I need to start up some franchises... Government gravy train, here I come!!

Darth Tomi

Instead of giving money to people they should invest in infrastructure:

National Health Care
Commuter Rail system
repair roads, bridges, dams, etc
money for schools.

Such programs would create jobs and keep this economy going. (if people are working, they're paying taxes, spending money etc) Why give money for people to blow buying more junk from China?

Mark Dygert

Darth Tomi wrote: »

Instead of giving money to people they should invest in infrastructure:

National Health Care
Commuter Rail system
repair roads, bridges, dams, etc
money for schools.

Such programs would create jobs and keep this economy going. (if people are working, they're paying taxes, spending money etc) Why give money for people to blow buying more junk from China?

+1
Improving infrastructure would be giving money to people, but asking for something in return, a fair days work. Instead of shelling out billions in what are essentially welfare checks, lets put a few people who want and need jobs, to work. I personally don't need another stimulus check and I'd probably do something silly with it like pay down some of the remaining debt I have (which is exactly what they don't want me to do with it).

But hey when people start to lose jobs and their power gets cut off I'm sure they'll all enjoy that HDTV... idiots.

notman

There should be a correction to that. If they money was free, that would be a welfare check. If this check is just a cash advance on your tax return, then it isn't free... it's my money and I want it. Obviously, nothing from the government is free, since it originates from taxes, but I'm expecting my money back next year (I don't want it now). I don't want my money going somewhere else.

I am however, in favor of putting people to work while improving our infrastructure. It worked when Roosevelt did it (The New Deal). I'd rather have the bail out money go for something like that then to corporations, who continue wasteful business as usual (like the AIG resort trip).

Mister Sentient

http://www.publicradio.org/columns/marketplace/offair/2008/10/the_credit_crisis_as_antarctic.html

IronHawk

flaagan wrote: »

Oh man, I'm loving the quotes from McCain and Palin, nice to see some common sense.



Amen to that.

They contradict themselves way to much. Crying for government to get out of the way in one breath then saying it needs to step in and regulate the next. That is not common sense to me. more like common retard.

McCain said he will consider a second economic stimulus package if he is elected president.

He attacked Barack Obama, his Democratic rival for the White House, for saying that "when you spread the wealth around, it's good for everybody."

That is "certainly not something I would ever do," he said.

and speaking of spreading the wealth around and attacking Barack's tax policy hmm..

heres some great footage


[ame]http://www.youtube.com/watch?v=X2JPbQOHEkY[/ame]


Anyway just some stuff to look at here. I'm sure what there saying is making sense to you.

Thegodzero

Hehe

Yeah i don't really care for the stimulus checks, but at least its a dollar amount giving not a percentage based on how much you make.

If your interested in the tax brackets for 2008,
http://articles.moneycentral.msn.com/Common/Taxes/2007TaxBrackets.aspx

Doesn't seem very bad for the rich at all. Maxing out at 35% for over 350k.