B727 From United States of America, joined Oct 1999, 513 posts, RR: 2 Posted (4 years 3 months 2 weeks 5 days 12 hours ago) and read 1179 times:
Instead of throwing money away to these banks that spent it on crap, airplanes, super bowls and what ever else.
Why cant we come up with a package for the working class, I say that if you make less that $150,000k each "working" taxpayer be cut a check for a said amount ($5k $10K) etc..
What would you do with this money?... spend it?
I would pay down loans, therefore the bank will end up with money anyway, and I (as a hard working taxpayer) get some benefit from it.
this would not apply to children or those who are on welfare, or other government assistance.
Seriously, instead of government intervention how about government contraction, make this year's budget 10% less than the total tax revenue collected. What a concept, spend less than what you make...
A346Dude From Canada, joined Nov 2004, 1198 posts, RR: 8 Reply 2, posted (4 years 3 months 2 weeks 5 days 11 hours ago) and read 1159 times:
The government doesn't earn money, it only collects it. So, if it writes you a check for $5000, either:
-it is giving you your own money, in which case why collect it in the first place
-it is giving you someone else's money, which is not right
-it is giving you borrowed money, in which case you will have to pay back the principal plus interest in a few years
-it is printing more money, in which case the rest of your money will be worth less (or worthless, as the case may be)
I have a better stimulus idea. Get government out of the business of "fixing" the free market. It will only prolong the pain.
You know the gear is up and locked when it takes full throttle to taxi to the terminal.
B727 From United States of America, joined Oct 1999, 513 posts, RR: 2 Reply 3, posted (4 years 3 months 2 weeks 5 days 7 hours ago) and read 1126 times:
A346Dude,.
I have a better stimulus idea. Get government out of the business of "fixing" the free market. It will only prolong the pain.
Mt99 From United States of America, joined May 1999, 6354 posts, RR: 7 Reply 4, posted (4 years 3 months 2 weeks 5 days 7 hours ago) and read 1121 times:
Quoting B727 (Thread starter): , I say that if you make less that $150,000k each "working" taxpayer be cut a check for a said amount ($5k $10K) etc..
Superfly From Thailand, joined May 2000, 38502 posts, RR: 80 Reply 6, posted (4 years 3 months 2 weeks 4 days 15 hours ago) and read 1071 times:
Quoting Mt99 (Reply 4): What would Joe D. Plumber think?
He would think it's unfair to the rich but would be the first in line to collect a government check. It still wouldn't be enough for him to buy/start his own business and I doubt he'd go get his plumbing license.
Perhaps get his old Chevy pick up siitin' up on bricks a set of new tires and a passenger side door?
Quoting B727 (Thread starter): What would you do with this money?... spend it?
Well of course. Most people would.
It would go to the usual stuff such as rent, utilities, food and gas.
Dragon6172 From United States of America, joined Jul 2007, 1160 posts, RR: 0 Reply 7, posted (4 years 3 months 2 weeks 4 days 12 hours ago) and read 1060 times:
As it stands now, these stimulous bills are only stimulating the already well lined pockets of people running their companies into the ground. It also stimulates votes from uninformed folks to crooked politicians who are probably getting campaign contributions from those who have recieved the stimulous. What a f---ed up system.
Jush From Germany, joined Apr 2005, 1636 posts, RR: 4 Reply 8, posted (4 years 3 months 2 weeks 4 days 12 hours ago) and read 1057 times:
Quoting A346Dude (Reply 2): The government doesn't earn money, it only collects it. So, if it writes you a check for $5000, either:
-it is giving you your own money, in which case why collect it in the first place
-it is giving you someone else's money, which is not right
-it is giving you borrowed money, in which case you will have to pay back the principal plus interest in a few years
-it is printing more money, in which case the rest of your money will be worth less (or worthless, as the case may be)
I have a better stimulus idea. Get government out of the business of "fixing" the free market. It will only prolong the pain.
I'm happy to see that we have some educated people on board of airliners.net with probably a proper economic background or business studies at university?
These so called financial experts these days in the media really **** me off.
Thank you for your contribution. Welcome to my rr list.
Regds
jush
There is one problem with airbus. Though their products are engineering marvels they lack passion, completely.
Windy95 From United States of America, joined Dec 2008, 2556 posts, RR: 5 Reply 11, posted (4 years 3 months 2 weeks 4 days 11 hours ago) and read 1031 times:
Quoting Mt99 (Reply 4): What would Joe D. Plumber think?
But Joe is a piker compared to Geitner and Daschle when it comes to taxes
Windy95 From United States of America, joined Dec 2008, 2556 posts, RR: 5 Reply 12, posted (4 years 3 months 2 weeks 4 days 11 hours ago) and read 1023 times:
We do not need a stimulus package.
Housing caused this problem and housing will bring us out.
The National Homebuilders Assn. Has started a campaign to make the recovery about housing first.
These are the two plans that Republicans are pushing right now. Senators Ensign and Sen. Conrad will offer amendments that will address housing
Enhance the initial Home Buyer Tax Credit:
Eligible purchases: Primary residences between April 9, 2008, and December 31, 2009.
Credit amount: 10% of home price capped at 3.5% of FHA loan limits (geographically dependent) — ranging between approximately $10,000 and $22,000.
Eliminate the recapture — a true tax credit.
Monetization: credit available at time of closing.
Available to all home buyers and not just first-time home buyers.
Couple the enhanced tax credit with a below market 30-year fixed-rate mortgage for home purchases
2.99% rate available for contracts closed between now and June 30, 2009.
3.99% rate for contracts closed between June 30, 2009 and December 31, 2009.
Put a bottom in housing and allow everyone who want's to get the 30 year fixed at 4%. That will stem foreclosures, start selling of existing homes and start employing people in the housing industry again. Housing is currently at 15% unemployment. While the Government is at 2%. Why do we need more stimulus money for the GOV?. Plus refinacing at 4% will free up much needed cash for many families who will then pay down debt and or buy more items. It is a win- win situation without printing or borrowing more future debt.
A346Dude From Canada, joined Nov 2004, 1198 posts, RR: 8 Reply 13, posted (4 years 3 months 2 weeks 4 days 9 hours ago) and read 1003 times:
Quoting Jush (Reply 8): I'm happy to see that we have some educated people on board of airliners.net with probably a proper economic background or business studies at university?
These so called financial experts these days in the media really **** me off.
Thank you for your contribution. Welcome to my rr list.
Thanks. No, I don't have any formal education in business, but I do like to pay attention and point out when things don't make sense.
You know the gear is up and locked when it takes full throttle to taxi to the terminal.
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