http://www.cnn.com/2008/POLITICS/01/24/economic.stimulus/index.html
Ok, please read the above … and then read the Tadd comments..
Ready?
I’m all about getting $1600. If the government wants to throw money around, hey - I’ll catch all I can! They tax the snot out of us as it is. However, the federal debt is what … $250 billion dollars? Is this a WISE move? Why not just lower the taxes rather than throwing billions of more money out there? And while I’m not going to sneeze at $1600, would it really make a huge dent in the economic crisis that the US is currently facing? Not likely. It makes the government look good .. for the moment. But I promise this - they’ll start complaining about the debt again. It will be Bush’s fault (though both polical parties are all on board). Taxes will go up.
And for you conspiracy theorists: Who does the US owe all this cash to? Answer: Banks. So, what ‘collateral’, I wonder, have they placed for all this debt and loans and such? Think any of the politicians are signing their homes, cars and everything else away so you can get extra returns on your taxes? Psh no. I really do wonder … is this how the US falls apart? Not with war, but with debt? Does the UN ’swoop’ in and take over the USA - not with bombs but with contracts and banking deals? Really .. I wonder.
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