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And tax cuts don't?
No.
Tax cuts grow the econonmy and thus grow federal and state tax revenues.
Spending mere wastes money.
And tax cuts don't?
:roll:
You're kidding, right? So the stimulus worked? Please tell that to all the whiners who say the stimulus isn't working, okay?
Yet you want tax cuts? What for?
But Congress spends.
Uh, okay.
The point is it is supposed to go back to the treasury.
They tried to spend their way out in the great depression but that did not work WW2 got us out of the depression. It did not work then and will not work now.
The president can veto spending bills. The President allows spending
Okay. But it's off-topic from my original point, which was that it made a profit, just as the poster said it was supposed to do.
Actually, it's more complicated than that, and the world is very different now.
I never said the stimulus worked.
Because it's my money.
There is no profit
I agree with that. We sure can't save our way to a robust economic expansion.the nation must continue to 'spend our way out of this recession' until more Americans are back at work.
Sounds good to me.Without giving a price tag, Obama proposed a package of new spending for highway, bridge and other infrastructure projects, deeper tax breaks for small businesses and tax incentives to encourage people to make their homes more energy efficient."
"Obama did not say how much his proposals would cost, although congressional Democrats are eyeing a $70 billion package to help create jobs and to provide aid to hard-pressed state and local governments. Administration aides suggested that the part of the package dealing with roads, bridges and other infrastructure could total about $50 billion."
Seems that this means the package from last winter is a failure. We have already spent too much money, it is not working.
Yeah, you don't give a damn about anything but yourself...
Sure, everyone wants tax cuts. This thread is about the economy and how best to help it, not the fact that nobody likes to pay taxes. That's a given.
Read the article.
I believe the net is still below zero, but still much more than expected.
I agree with that. We sure can't save our way to a robust economic expansion.
Sounds good to me.
Nonpartisan analyses agree: current GDP, total employment figures would be worse without Recovery Act. According to impartial, nonpartisan analyses of key economic indicators since the first quarter of 2009 conducted by several companies specializing in macroeconomic forecasting, the stimulus package boosted both the gross domestic product (GDP) and total employment figures relative to how those metrics would have fared in the absence of that legislation.
Contradicting broad economic consensus, right-wing media use jobs summit to declare stimulus has failed | Media Matters for America
Okay. But it's off-topic from my original point, which was that it made a profit, just as the poster said it was supposed to do.
Actually, it's more complicated than that, and the world is very different now.
The government has too much of our money already. You act like it's the duty of the govt to spend as much as possible. You got that all wrong.And tax cuts don't?
True. But it's too late. We're in the short term now, in a crisis, and we have to think that way. I don't like it either.
The government has too much of our money already. You act like it's the duty of the govt to spend as much as possible. You got that all wrong.
Read my post again.
Yeah, you don't give a damn about anything but yourself, even if you come out worse in the long run.
Sure, everyone wants tax cuts. This thread is about the economy and how best to help it, not the fact that nobody likes to pay taxes. That's a given.
And tax cuts are how best to improve the economy. That's a given.
Many people don't have money in private funding - OR - have plenty in private funding and intend to use it in the future and are doing fine without it, they don't need extra spending done . . . this is me.WHY does this have to be done with taxpayer funds?
WHY NOT encourage spending from private funding?
Retirees like me and the wife have plenty of money, and we are spending it on our house, finishing the basement is about half done, will be done by summer....and we are considering buying a car soon.
But every dollar taken out of our IRA accounts gets taxed at a higher rate than we were paying when we put the money into the accounts.
And yet Warren Buffet pays only 15% capital gains taxes.....:shock:
There are trillions of dollars tied up in retiree accounts that could be tapped to help stimulate the economy...give them a temporary tax break to motivate them to draw out the funds and spend them, and jobs will be created....