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Thread: Economic stimulus package.... $13/week?

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    Banned Goobieman's Avatar
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    Economic stimulus package.... $13/week?

    Economic stimulus package on track for final votes

    WASHINGTON (AP) - Economic stimulus legislation at the heart of President Barack Obama's recovery plan is on track for final votes in the House and Senate after a dizzying final round of bargaining that yielded agreement on tax cuts and spending totaling $789 billion.
    ....
    The $500-per-worker credit for lower- and middle-income taxpayers that Obama outlined during his presidential campaign was scaled back to $400 during bargaining by the Democratic-controlled Congress and White House. Couples would receive $800 instead of $1,000. Over two years, that move would pump about $25 billion less into the economy than had been previously planned.

    Officials estimated it would mean about $13 a week more in people's paychecks when withholding tables are adjusted in late spring. Critics say that's unlikely to do much to boost consumption.
    My Way News - Economic stimulus package on track for final votes

    So, for all of you that poo-pooed the $300 stimulus checks from the Bush tax cuts -- what do you think of this?

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    Re: Economic stimulus package.... $13/week?

    Quote Originally Posted by Goobieman View Post
    My Way News - Economic stimulus package on track for final votes

    So, for all of you that poo-pooed the $300 stimulus checks from the Bush tax cuts -- what do you think of this?
    Uhh I think you need to do your math. This is $676 per year.
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    Someone is WRONG on the internet! -XKCD

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    Re: Economic stimulus package.... $13/week?

    So the Democrat Congress is giving money directly to Democrat voters. The gal who said that Obama would make her house and car payments was right after all.

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    Re: Economic stimulus package.... $13/week?

    Quote Originally Posted by Southern Man View Post
    So the Democrat Congress is giving money directly to Democrat voters. The gal who said that Obama would make her house and car payments was right after all.
    I must've missed the provision in this bill that said registered Republicans were excluded from all benefits. Could you please point me to the proper section of the legislation?
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    Re: Economic stimulus package.... $13/week?

    I think the idea behind the stimulus package is to create jobs and the need for jobs, not to just hand out money to people.

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    Re: Economic stimulus package.... $13/week?

    Quote Originally Posted by Kandahar View Post
    Uhh I think you need to do your math. This is $676 per year.
    Aside form the fact its not MY math...
    Read closer. $13/week, after the tax tables are adjusted.
    30 weeks of reduction.

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    Re: Economic stimulus package.... $13/week?

    Quote Originally Posted by WillRockwell View Post
    I think the idea behind the stimulus package is to create jobs and the need for jobs, not to just hand out money to people.
    What part of the package does that?

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    Re: Economic stimulus package.... $13/week?

    Quote Originally Posted by Kandahar View Post
    I must've missed the provision in this bill that said registered Republicans were excluded from all benefits. Could you please point me to the proper section of the legislation?
    More Republicans then Democrats make enough to be past the point where they get money back. This is simple "spread the wealth around" to low wage folks, so the will be beholden to Democrats, thus more likely to vote for them. Its pure populism.

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    Re: Economic stimulus package.... $13/week?

    Quote Originally Posted by WillRockwell View Post
    I think the idea behind the stimulus package is to create jobs and the need for jobs, not to just hand out money to people.
    If the purpose was to create jobs then taxes would be reduced on high wage earners. The purpose of this bill is quite clear: to buy votes for the next election.

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    Re: Economic stimulus package.... $13/week?

    So, for all of you that poo-pooed the $300 stimulus checks from the Bush tax cuts -- what do you think of this?

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