WOW an extra $13.00 a week !!!

DianaB · 02-17-2009, 10:00 AM

I don't think that Obama can do enough as far as putting money into our economy to help us. We had the extra money last year and did any of you notice that it helped our economy? It's like putting a band-aid on a volcano!!

HALEY · 02-17-2009, 10:04 AM

instead of this "spending package" on the most dumbest stuff i ever heard of, he should have giving every "working person" a check for 100,000 and that would have stimulated the economy.. people would have paid there houses off, got a vechicle, and paid off some cc. but no one would listen to me

gja1000 · 02-17-2009, 10:07 AM

Some of us appreciate the new president and what he and congress might be doing to help the economy. What may seem miniscule to some, may actually help in the long run. Who knows. I sure don't. What I do know is that policies of the past (both recent and distant past) got us into this mess and I am willing to let the new administration work on solving it. I also know it won't be solved in the short run.

I know we all do not agree on politics and I respect that disagreement, I hope you'll do the same.

Tiramisu · 02-17-2009, 10:12 AM

Quote:

Originally Posted by gja1000

Some of us appreciate the new president and what he and congress might be doing to help the economy. What may seem miniscule to some, may actually help in the long run. Who knows. I sure don't. What I do know is that policies of the past (both recent and distant past) got us into this mess and I am willing to let the new administration work on solving it. I also know it won't be solved in the short run.

I know we all do not agree on politics and I respect that disagreement, I hope you'll do the same.

Ditto

HALEY · 02-17-2009, 10:12 AM

Quote:

Originally Posted by DianaB

I don't think that Obama can do enough as far as putting money into our economy to help us. We had the extra money last year and did any of you notice that it helped our economy? It's like putting a band-aid on a volcano!!

Your right Diana, its not going to help, he needs to cut taxes,,,, that will work...

gja1000 · 02-17-2009, 11:03 AM

Quote:

Originally Posted by HALEY

Your right Diana, its not going to help, he needs to cut taxes,,,, that will work...

Tax cuts haven't worked in the past........... just sayin'. That's trickle down from the past and it was not successful.

HALEY · 02-17-2009, 11:05 AM

Quote:

Originally Posted by gja1000

Tax cuts haven't worked in the past........... just sayin'

spending packages didn't work in the past either, just ask China... they tried to, they cut taxes and wow it worked...

gja1000 · 02-17-2009, 11:12 AM

Haley, you and I are not going to agree about this, there are valid arguments on both sides of the issue. If tax cuts won't work and stimulus spending won't work, well then we are both in for a long long painful decline.

Here is a good article that presents a layman's view of both.

http://www.newsweek.com/id/184599

HALEY · 02-17-2009, 11:36 AM

National debt
One thing about the president's $790 billion stimulus package is certain: It will jack up the federal debt.

Whether or not it succeeds in producing jobs and taming the recession, tomorrow's taxpayers will end up footing the bill.

Forecasters expect the 2009 deficit -- for the budget year that began Oct. 1, 2008 -- to hit $1.6 trillion, including new stimulus and bank-bailout spending. That's about three times last year's shortfall.

The torrents of red ink are being fed by rising federal spending and falling tax revenues from hard-hit businesses and individuals.

The national debt -- the sum of money owed by all levels of government -- stands at $10.7 trillion, or about $36,000 for every man, woman and child in the U.S.

Interest payments alone on the national debt will near $500 billion this year. It's already the fourth-largest federal expenditure, after Medicare-Medicaid, Social Security and defense.

This will affect us all directly for years, as well as our children and possibly grandchildren, in higher taxes and probably reduced government services. It will also force continued government borrowing, increasingly from China, Japan, Britain, Saudi Arabia and other creditors.

gja1000 · 02-17-2009, 11:38 AM

Like I said, we are going to have to agree to disagree..........

02-17-2009, 10:00 AM	#1
DianaB Moderator Donating 4WT 13K Club Member Join Date: Sep 2006 Location: Kansas Posts: 16,069	I don't think that Obama can do enough as far as putting money into our economy to help us. We had the extra money last year and did any of you notice that it helped our economy? It's like putting a band-aid on a volcano!! __________________ ´¨) ¸.•´¸.•´¨) ¸.•*¨) (¸.•´ (¸.•` ¤ Diana Baker ✞ You and I are friends....... Always remember that if you fall I will pick you up...... After I stop laughing!!!

02-17-2009, 10:04 AM	#2
HALEY Senior Member Join Date: Jan 2008 Posts: 2,147	instead of this "spending package" on the most dumbest stuff i ever heard of, he should have giving every "working person" a check for 100,000 and that would have stimulated the economy.. people would have paid there houses off, got a vechicle, and paid off some cc. but no one would listen to me __________________ PROUD MOMMY

02-17-2009, 10:07 AM	#3
gja1000 Donating 4WT Yakker Join Date: Sep 2006 Location: Central Texas Posts: 5,717	Some of us appreciate the new president and what he and congress might be doing to help the economy. What may seem miniscule to some, may actually help in the long run. Who knows. I sure don't. What I do know is that policies of the past (both recent and distant past) got us into this mess and I am willing to let the new administration work on solving it. I also know it won't be solved in the short run. I know we all do not agree on politics and I respect that disagreement, I hope you'll do the same. __________________ Gayle

02-17-2009, 11:12 AM	#8
gja1000 Donating 4WT Yakker Join Date: Sep 2006 Location: Central Texas Posts: 5,717	Haley, you and I are not going to agree about this, there are valid arguments on both sides of the issue. If tax cuts won't work and stimulus spending won't work, well then we are both in for a long long painful decline. Here is a good article that presents a layman's view of both. http://www.newsweek.com/id/184599 __________________ Gayle

02-17-2009, 11:36 AM	#9
HALEY Senior Member Join Date: Jan 2008 Posts: 2,147	Here is what our children and grandchild have to look forward too!!! National debt One thing about the president's $790 billion stimulus package is certain: It will jack up the federal debt. Whether or not it succeeds in producing jobs and taming the recession, tomorrow's taxpayers will end up footing the bill. Forecasters expect the 2009 deficit -- for the budget year that began Oct. 1, 2008 -- to hit $1.6 trillion, including new stimulus and bank-bailout spending. That's about three times last year's shortfall. The torrents of red ink are being fed by rising federal spending and falling tax revenues from hard-hit businesses and individuals. The national debt -- the sum of money owed by all levels of government -- stands at $10.7 trillion, or about $36,000 for every man, woman and child in the U.S. Interest payments alone on the national debt will near $500 billion this year. It's already the fourth-largest federal expenditure, after Medicare-Medicaid, Social Security and defense. This will affect us all directly for years, as well as our children and possibly grandchildren, in higher taxes and probably reduced government services. It will also force continued government borrowing, increasingly from China, Japan, Britain, Saudi Arabia and other creditors. __________________ PROUD MOMMY

02-17-2009, 11:38 AM	#10
gja1000 Donating 4WT Yakker Join Date: Sep 2006 Location: Central Texas Posts: 5,717	Like I said, we are going to have to agree to disagree.......... __________________ Gayle

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