WOW an extra $13.00 a week !!!

[HALEY]

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]

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]

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]

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]

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]

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

[HALEY]

Originally Posted by gja1000

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

would have been cheaper to lower the taxes, and weed out the felling business.