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Economic Stimulus Package?

Published:

Last Edited: January 24, 2008, 9:16 pm



This could only be devised by our elected officials who can afford to take the "generous" $600 tax rebate and apply it to their new 46" HDTV plasma screen TV they've been itching to buy. This dirty band aid on a septic wound will do absolutely nothing to save the patient (the US economy).

95% of the American public will be using this money towards paying their monthly bills, including late payment fees from banks and creditors and sudden 30% interest rates from credit cards due to late payments.

Us older folk have lived through a few of these "rebates" and will agree with me, it doesn't do a stinkin' thing for what ails the economy because the people that are hurting can't afford an HDTV with a plasma screen or a new car. Maybe they can get that oil change they've been putting off for months but they won't be using it to boost consumer spending overall. Most of it will be going towards debt payments and necessities.

But here's the question....Who is going to pay for this? The answer is...we are! So that "hefty" 600 bucks per person is quietly being added to the Federal Debt and our children and their children will be paying for it in the years to come.

Here is a real economic stimulus package: Bring every single American troop home from overseas tomorrow and re-station them at our borders and ports. Stop handing out all foreign aid immediately. Eliminate false "wars" on terrorism and drugs. Eliminate the bloated and useless Homeland Security, and every other "alphabet" government department that is stealing OUR money for their causes. An immediate freeze on spending, Etc., etc. Just like an individual's debt re-consolidation program, we'd be back on our feet in five years...but anyone who has been through that knows that you can't spend what you don't have until you've paid your debt off. We have nine trillion dollars of debt to deal with right now and this phony rebate scheme isn't going to do squat to stop that locomotive from crashing into your life.

I won't get into who is responsible for destroying America in seven short years...it doesn't take a genius to figure that out. But I think my economic stimulus package is better than his.

Rick G.
1/24/08

Entry #130

Comments

1.
justxploringComment by justxploring - January 25, 2008, 3:22 am
Good post, Rick.
2.
ToadSchmodeComment by ToadSchmode - January 25, 2008, 7:58 am
Amen Brother!
A good portion of the rebates will wind up in "Communist China" which won't help us...
3.
konaneComment by konane - January 25, 2008, 10:26 am
Fair Tax, Fair Tax, Fair Tax, let every working person bring home all their paycheck and pay into the till by what they purchase exempted are food and meds.

Illegals and drug dealers also pay in this system rather than skating free.

People below the poverty line receive money so no money out of their pockets.

The economy thrives as cost of compliance is eliminated.

Government is then directly answerable to the people controlled by our spending instead of the people being held hostage as we are now.

http://www.fairtax.org/site/PageServer
4.
Comment by pacattack05 - January 25, 2008, 11:40 am
Good post rick. I also want to mention this. Did anyone notice how the gas prices immediately dropped by around 8 cents or so?..HMMMM What happened to that whole demand crap, and oil refineries having to change the oil mix from summer blend to a winter blend, so they have to shut down refineries to accomplish this bullschmidt.
5.
TenajComment by Tenaj - January 25, 2008, 12:37 pm
European shares rose sharply in anticipation of the economic stimulus package. Good post Rick.
6.
time*treatComment by time*treat - January 25, 2008, 1:07 pm
Someone has been listening to a certain Texas congressman.
Next thing you know, ol' Rick will be wanting to follow the Constitution :-)
How is KBR going to get paid $100 per laundry bag, if we follow that kind of thinking?
7.
Rick GComment by Rick G - January 25, 2008, 4:08 pm
Thanks to all for the responses. I'm glad to see others recognize the current plight of the economy.

Time*treat, you betcha...that certain Texas congressman knows his economics! I'll be voting for him until the Diebold machine changes my vote during processing. ;)
8.
justxploringComment by justxploring - January 25, 2008, 5:26 pm
I like Rick's post and agree, but that doesn't mean I approve of the fair tax proposal. Since this isn't my blog, I won't go into detail. Curb government spending and cut all the loopholes. Fair tax will help the rich..do the math.
9.
konaneComment by konane - January 25, 2008, 5:34 pm
Justx Read the book, browse the Fair Tas site. I've listened to one of the authors of the book here in Atlanta. You curb government spending by the amount of money you let them have via your own spending.
10.
bobby623Comment by bobby623 - January 26, 2008, 9:01 pm
Good comments: Problem is - in the upcoming election most voters will go out and vote the same old bunch of thieves. Nothing is going to change until the crooked politicians are run out of town. Too bad.

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