Comments on: The stimulus is working … just not for you http://blogs.reuters.com/great-debate/2010/08/24/the-stimulus-programs-are-working-just-maybe-not-for-you/ Thu, 21 Jul 2016 07:57:19 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: RailBended http://blogs.reuters.com/great-debate/2010/08/24/the-stimulus-programs-are-working-just-maybe-not-for-you/#comment-31602 Thu, 26 Aug 2010 13:28:35 +0000 http://blogs.reuters.com/great-debate/?p=7870#comment-31602 At least someone finally mentioned the proposal to just give all tax-payers 10,000 dollars..

The talking heads can smoke up the room and make fancy speeches all they want, but the bottom line is that if every tax-payer had another $10,000 in there pocket.. a large number of them would have dumped it straight into mortgages or credit card debt.. thus helping to “bail out” the banks.

Sure you’d have a select few that don’t spend money wisely.. but heck.. thats what the banks did ANYWAY.. by giving bonuses and golden parachutes out like they were going out of style.

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By: cashman57 http://blogs.reuters.com/great-debate/2010/08/24/the-stimulus-programs-are-working-just-maybe-not-for-you/#comment-31601 Thu, 26 Aug 2010 13:16:10 +0000 http://blogs.reuters.com/great-debate/?p=7870#comment-31601 The stimulus didn’t do what we were promised. It didn’t keep unemployment at 8%.
If the American people want a real tax break they should read the u.S. v Cryer decision which uses law and precedent to prove you have a right to keep what you earn.
As government grows it costs more and as it costs more it delivers solutions that don’t make sense in the real world.
We have a serious problem with over spending and over taxation. These two monsters are already eating the income of Americans who haven’t even been born yet and with an average debt load of $44,000 for each child born today we can understand how the government spending hurt much more than it helped.
We would have been far better off if we had elected Ron Paul as president, he would not have made the mistakes the rookie in the White House continues to make

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By: cynicalme http://blogs.reuters.com/great-debate/2010/08/24/the-stimulus-programs-are-working-just-maybe-not-for-you/#comment-31591 Wed, 25 Aug 2010 22:58:36 +0000 http://blogs.reuters.com/great-debate/?p=7870#comment-31591 @Posted by GCN. Interesting comment of yours. Another idea floated early in the game (not by a political party – they are all too dumb), was instead of spending $1.5 TRILLION on “stimulus”, to give each family $10,000 as a “tax refund” to spend as they will. It could have been spread over 5 months and would have done more to stimulate all parts of the entire economy. Money in the hands of the population stimulates growth, NOT money in the hands of government.

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By: cynicalme http://blogs.reuters.com/great-debate/2010/08/24/the-stimulus-programs-are-working-just-maybe-not-for-you/#comment-31590 Wed, 25 Aug 2010 22:52:43 +0000 http://blogs.reuters.com/great-debate/?p=7870#comment-31590 Did you know that yesterday the most expensive High School in the USA opened in debt ridden L.A., in bankrupt California. It had the best of everything for 1/2 BILLION $$.

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By: paintcan http://blogs.reuters.com/great-debate/2010/08/24/the-stimulus-programs-are-working-just-maybe-not-for-you/#comment-31588 Wed, 25 Aug 2010 21:01:59 +0000 http://blogs.reuters.com/great-debate/?p=7870#comment-31588 Society is a game of musical chairs. What was the name of that book years ago about learning everything there is to know in Kindergarten?

It’s the game of musical chairs. And someone keeps removing chairs. Its a frustrating little game and no fun at all once you loose your place. And the winner doesn’t get to sit for very long before he or she is unseated by the teacher.

Nap time is the other lesson. 10% plus of the country should be doing more nap time. Long nap time. Maybe even terminal naptime? It might be the only sane option in a classroom bursting with more and ever younger children – spilling over from other rooms, buildings and even countries, all vying for about the same shrinking number of chairs, because they lost their chair, or never get to sit in one, long ago.

One could look at the wars as recess. But they aren’t killing off nearly as many millions as the good old days. Now there was a recess that the survivors and great grandparents of the present chair seekers love to remember. In many ways, they never had it so good.

My old Dad is such a comfort. He liked Kindergarten in his day. He still thinks they make too many children and they are all inferior and the wrong kind. And he’d love to play the game of musical chairs if he could. He hates “liberals”, they are the people who ruin the game by trying to provide more chairs or are trying to stop the game entirely.

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By: mrchad http://blogs.reuters.com/great-debate/2010/08/24/the-stimulus-programs-are-working-just-maybe-not-for-you/#comment-31587 Wed, 25 Aug 2010 20:21:36 +0000 http://blogs.reuters.com/great-debate/?p=7870#comment-31587 The problem in the economy is DEMAND. The consumer is heavily leveraged. Why hire another checkout clerk when I don’t have customers shopping in my store? Why hire more people on an assembly line if my current crew is meeting the demands for my products? Why hire another person if I’m only now getting back to being profitable? Tax breaks for employers will have limited effect. Unemployment benefits extensions are good ideas. I’d suggest sales tax holidays in sectors beyond school supplies or something along those lines.

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By: fred5407 http://blogs.reuters.com/great-debate/2010/08/24/the-stimulus-programs-are-working-just-maybe-not-for-you/#comment-31585 Wed, 25 Aug 2010 19:59:25 +0000 http://blogs.reuters.com/great-debate/?p=7870#comment-31585 I see a lot about tax cuts stimulating and putting money into Government projects. The problem is akin to priming the pump after you used all the water that was available in the well. Not one politician has addressed the true problem. Our problem has been the so called. “Free Trade Agreements” We cannot compete with other nations under our system. We cannot continue to have high paid Government Workers, full salary pensions and health care, and support an army of lawyers and consultants. We are at the end of the rope and the only way out is down.

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By: GCN http://blogs.reuters.com/great-debate/2010/08/24/the-stimulus-programs-are-working-just-maybe-not-for-you/#comment-31584 Wed, 25 Aug 2010 18:43:33 +0000 http://blogs.reuters.com/great-debate/?p=7870#comment-31584 Not so fast. The statement, “Had we wanted to stimulate the entire economy we would have seen tax cuts for all employers and employees, a sure-fire way to put money in the pockets of everybody.” is an oversimplification.

Those who are out of work do not directly benefit from a tax reduction. Those who earn under $50K would see nearly no benefit from a tax reduction. These are the income brackets that would immediately put any extra money back into the market but they wouldn’t have any extra money from tax breaks.

Middle income earners would see some marginal benefits but since they aren’t as desperate as low income earners, a good portion the retained income would go into savings.

Upper income earners would probably bank all of any tax savings as they would have no marginal propensity to spend the additional money.

Thus the notion that more tax cuts would be stimulative is, frankly, wishful thinking simply to rationalize the disproven Laffer Curve regarding relatively low tax rates. If tax rates were high and exemptions/deductions were low, that would be another story, though.

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By: ageek http://blogs.reuters.com/great-debate/2010/08/24/the-stimulus-programs-are-working-just-maybe-not-for-you/#comment-31582 Wed, 25 Aug 2010 16:50:55 +0000 http://blogs.reuters.com/great-debate/?p=7870#comment-31582 We must keep our eyes on the “Small Business” ball. A vast majority of the country’s employment is at the hands of “Small Businesses”. And when you get down to it … small businesses are owned by individuals (and families) and as such are defined in current tax code as “the rich”.

So current administration policy is to squeeze the small business owners. Period. That’s why employment, and the whole economy are in the tank, and will remain in the tank until … the engine of the US economy is recognized.

Full scale tax reform combined with government spending cuts is probably the best prescription for fixing our woes both in the short, and in the long term.

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By: the_sconnie http://blogs.reuters.com/great-debate/2010/08/24/the-stimulus-programs-are-working-just-maybe-not-for-you/#comment-31580 Wed, 25 Aug 2010 16:33:40 +0000 http://blogs.reuters.com/great-debate/?p=7870#comment-31580 The bottom line here is that socialism will always bail out capitalism. This stimulus package is one of the biggest scams in the history of our country. The money was always intended to be “trickle down” by nature. Trickle down will always benefit the people at the very top.

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