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View Full Version : Stimulus deal struck




PimpBlimp
01-24-2008, 11:48 AM
Compromise could send $600 rebates to most taxpayers in effort to spur spending and head off recession. Those earning more than $75,000 reportedly could be left out.

http://money.cnn.com/2008/01/24/news/economy/stimulus_package/index.htm


redistributing wealth to the lower class so they can go buy a toaster oven made in china. lolz

but hey, if thats really going to help the economy I'm all for it :rolleyes:



If you really want to stimulate the economy DONATE YOUR CHECKS TO THE RON PAUL CAMPAIGN

IRO-bot
01-24-2008, 11:50 AM
Wohoo. I am saving my 600 bones. My wife lost her job and we just found out she is pregnant this week. I need to pay my mortgage. :(

TwinTurboMike
01-24-2008, 11:57 AM
I hope Paul supporters do one of three things with their checks:

1) Donate it to the campaign (or other grassroots effort)
2) Buy goods MADE IN THE USA (I know, there are only about 7 things left to choose from aside from food but hey..)
3) Pay off personal debts (and stay out of debt)

MyKillK
01-24-2008, 12:08 PM
I think this "stimulus package" is the most terrible thing our government could be doing. The simple reason: The check is simply a TAX REBATE, a loan that will be repaid when you file taxes next year. You will get $600 less in returns.

So essentially, the government is giving you a cash advance, without really telling you it's an advance. It wants you to think this is "free money" so you go out and spend it on consumer goods (consumer spending is basically all our economy is nowadays). But then everyone will be $600 poorer next year, when the economic downturn will be in full-swing.

I like to call this a consumer bailout of the government. Don't give into their scheme: Either save the money or donate to Ron Paul!

r3volution
01-24-2008, 12:16 PM
im gonna buy 600 bottles of water and dump them down the drain for the fishes .

Seanmc30
01-24-2008, 12:27 PM
This is a welfare check...plain and simple. The establishment is buying your content (and vote) with a $600 welfare check.

When a Democrat does this they are berated to no end with accusations of attempting to create a welfare state (and rightfully so)...so don't let Republicans get away with the same destructive, big government, policy by manipulating the word "welfare" in to the word "Tax Refunds".

They are unconstitutionally stealing the money from your pay check and paying you with only a small part of it to make themselves look like economic saviors.

Call it what it is...a big Government welfare check

Dorfsmith
01-24-2008, 02:44 PM
This is a welfare check...plain and simple. The establishment is buying your content (and vote) with a $600 welfare check.

When a Democrat does this they are berated to no end with accusations of attempting to create a welfare state (and rightfully so)...so don't let Republicans get away with the same destructive, big government, policy by manipulating the word "welfare" in to the word "Tax Refunds".

They are unconstitutionally stealing the money from your pay check and paying you with only a small part of it to make themselves look like economic saviors.

Call it what it is...a big Government welfare check


It is a welfare check but I'll take it since self employment taxes killed me last year. My wife and I could pump all kinds of money into the economy if we didn't have these stupid taxes.

JK/SEA
01-24-2008, 02:53 PM
won't be getting these checks till may-june...

what a joke.

S3eker
01-24-2008, 02:53 PM
I'm not getting a check :(

dsentell
01-24-2008, 02:57 PM
I have mixed feelings on this,

On the one hand, it is money the government has stolen from us, so I am happy to get it back,

On the other hand, the government does not have this money, so they are just creating this from thin air making the situation worse.

And it will help little if any, as the people who spend it will buy products from China, so in the end, most of this money will end up as Chinese profits . . . :(

PimpBlimp
01-24-2008, 02:59 PM
I have mixed feelings on this,

On the one hand, it is money the government has stolen from us, so I am happy to get it back,

On the other hand, the government does not have this money, so they are just creating this from thin air making the situation worse.

And it will help little if any, as the people who spend it will buy products from China, so in the end, most of this money will end up as Chinese profits . . . :(

These checks are being handed out to people who essentially don't pay any tax at all. People who make over 75k a year won't get one.

It is nothing more than a welfare check.

S3eker
01-24-2008, 03:00 PM
The fed needs to print money to stave off the recession. They are dropping the interest rates by printing money. They're dropping the rates again on Jan 30 (more printed money). Now, the "stimulus" package is another way to print more more money that is not interest and is 100% political. It will only help things in the short run. Perhaps keep the economy going until more candidates drop off the election. RP is getting a lot of attention when the market is down.

tsetsefly
01-24-2008, 03:02 PM
I hope Paul supporters do one of three things with their checks:

1) Donate it to the campaign (or other grassroots effort)
2) Buy goods MADE IN THE USA (I know, there are only about 7 things left to choose from aside from food but hey..)
3) Pay off personal debts (and stay out of debt)

the government wants you to spend that money, unless you have bills to pay, SAVE IT OR INVEST, dont consume with that money if you dont have to.

tsetsefly
01-24-2008, 03:03 PM
won't be getting these checks till may-june...

what a joke.

lmao...

Shellshock1918
01-24-2008, 03:05 PM
It won't given out till June, I think. How convenient.

JMann
01-24-2008, 03:07 PM
This is a welfare check...plain and simple. The establishment is buying your content (and vote) with a $600 welfare check.

When a Democrat does this they are berated to no end with accusations of attempting to create a welfare state (and rightfully so)...so don't let Republicans get away with the same destructive, big government, policy by manipulating the word "welfare" in to the word "Tax Refunds".

They are unconstitutionally stealing the money from your pay check and paying you with only a small part of it to make themselves look like economic saviors.

Call it what it is...a big Government welfare check


How is returning my money a welfare check? It is one to those that don't pay income tax. I don't care how the eliminate the income tax through rebates or collection doesn't matter to me.

werdd
01-24-2008, 03:08 PM
im likely getting one of these bitches, gonna buy a 30 pack of budweiser, a carton of marborlos, and donate the rest to ron.

JMann
01-24-2008, 03:10 PM
I have mixed feelings on this,

On the one hand, it is money the government has stolen from us, so I am happy to get it back,

On the other hand, the government does not have this money, so they are just creating this from thin air making the situation worse.

And it will help little if any, as the people who spend it will buy products from China, so in the end, most of this money will end up as Chinese profits . . . :(

If you think manufacturing is this countries future then you are right. Those toys are imported, delivered and sold in America by Americans. Same crazy argument made about buying a foreign car back in the 70's and 80's. The dealer, the salesman, the repair guys and down the list are Americans. WTF cares where the product was made?

PimpBlimp
01-24-2008, 03:12 PM
How is returning my money a welfare check? It is one to those that don't pay income tax. I don't care how the eliminate the income tax through rebates or collection doesn't matter to me.

Its only giving a certain percentage of the population the money yet the bill will be footed by all of us.

JK/SEA
01-24-2008, 03:13 PM
i'd rather get a coupon for a free big mac.

wooohooo i get 600 bucks!....yippeee!...oh wait...june? 5 months from now...hmmm, what will the country be like then? will i still be alive? will i be in jail?...guess i'd better get on the FED bandwagon, and be a good little sheeple...!

geez...i can't stop shaking my head, somebody please help...

PimpBlimp
01-24-2008, 03:15 PM
If you think manufacturing is this countries future then you are right. Those toys are imported, delivered and sold in America by Americans. Same crazy argument made about buying a foreign car back in the 70's and 80's. The dealer, the salesman, the repair guys and down the list are Americans. WTF cares where the product was made?

The manufacturing industry is what made this country strong sir.

By having only a service industry, what you described, we will eventually run down because we aren't producing goods to be sold on the world market. What good is a service industry if nobody can afford any services?

LilGator
01-24-2008, 03:20 PM
How is this a welfare check, just because it applies to those below the $75K mark?

I'm a married full-time student also working full-time and would qualify for this, yet I still pay a good chunk out of my paycheck for the fed. How is that welfare? It sounds a lot more like refunding the taxes I did pay all year, which sounds a lot like Dr. Paul's eventual goal...

How is this welfare again...?

JMann
01-24-2008, 03:21 PM
The manufacturing industry is what made this country strong sir.

By having only a service industry, what you described, we will eventually run down because we aren't producing goods to be sold on the world market. What good is a service industry if nobody can afford any services?

I would disagree that the manufacturing industry is our future and no disagreement that it is our past. If it is to come back it will only be done with a Paul administration eliminating crazy environmental laws, minimum wage (tied to union pay) and a vast number of regulations. Then America may be able to compete. I don't see how we will ever be able to produce goods in competition with 8 year old Chinese kids making .25 a day but if you think it can be done go for it, sir.

PimpBlimp
01-24-2008, 03:22 PM
Because some people won't be getting the check yet are paying for you to get it.

Its redistribution of wealth plain and simple.

MikeStanart
01-24-2008, 03:23 PM
I'm not even sure what I'd do if I recieve one....

Rip it up?

Spend it on college?

Donate it to RP (If the check comes early enough)

NoMoreApathy
01-24-2008, 03:24 PM
I work off the books, and I'm laid off anyway, but my girlfriend appears to be in the $1,200 range, plus we have 2 kids, which is apparently $300 a piece.

If we get $1,800 like it looks like we will, we're giving some to RP, and buying a years worth of emergency food supply.

Thanks big brother!

Maltheus
01-24-2008, 03:24 PM
At first, I thought this was stupid, it's just perpetuating our current fiscal problems. Then I figured, I can always use the money and it would be nice to know the government won't have it. Now today I find out, that once again, money will be stolen from me and given to the poor. When will the middle class wake up already? I just wish the feds would use some lube now and then.

SVS2K
01-24-2008, 03:53 PM
What really bothers me about this rebate is that it prefers those in lower cost-of-living areas of the country. Is that the point? I thought I saw "stimulus for the middle class!" somewhere....

I don't qualify for this rebate because my salary is a little higher than the cap, but I certainly live like a middle-class apartment-renter not-much-in-savings-yet person here in CA Bay Area.

RPinSEAZ
01-24-2008, 03:55 PM
im gonna buy 600 bottles of water and dump them down the drain for the fishes .

HAHAHA. Perfect.

sharpsteve2003
01-24-2008, 04:05 PM
Don't be holding your breath waiting fro those check. The will not even be able to get them out till June.

Mort
01-24-2008, 04:09 PM
Because some people won't be getting the check yet are paying for you to get it.

Its redistribution of wealth plain and simple.

It is, but I don't think you can get away with calling it welfare. People who haven't paid any taxes get nothing.

JMann
01-24-2008, 04:11 PM
It is a welfare check for some and a refund for others. I have zero problem with rebate going out to people who pay taxes. It is a back door way of eliminating or reducing income tax. I think it should be based on a percentage paid instead of a flat rebate. More along the lines:

Singles making less than 100k get 50% back of what you paid
<500k get 25% back of what you paid
<1Mil or less get 10% back of what you paid
1Mil or greater 5% back of what you paid
If you paid no income tax you get no rebate. This would be a true rebate, not one just in name and I can't imagine any Paul supporter thinking this would be a bad thing.

But even with money going directly to people that didn't pay taxes is better than it going to a welfare program. If we have a welfare state I would much rather it be directly handing out cash instead of thousand of red taped filled federal programs with thousands of employees.

Mort
01-24-2008, 04:15 PM
If you paid no income tax you get no rebate. This would be a true rebate, not one just in name and I can't imagine any Paul supporter thinking this would be a bad thing.

I haven't read anything that said people who haven't paid taxes get anything. Maybe I just missed it.

hcbrand
01-24-2008, 04:17 PM
I thought it was a nice twist that the only way to actually try to stimulate the economy with a cash infusion is to give it to the people we know will spend it immediately. If we give checks to people who manage their money, they might hold onto it. Or worse, they'll use it to pay down their debt.

The good news is when we finally go completely socialist, we all get checks...

JMann
01-24-2008, 04:26 PM
I haven't read anything that said people who haven't paid taxes get anything. Maybe I just missed it.

Leave it to the Marxist the god damned country put in power last year...

AP
Tentative Deal Reached on Tax Rebates

By ANDREW TAYLOR

...Pelosi, D-Calif., agreed to drop increases in food stamp and unemployment benefits during a Wednesday meeting in exchange for gaining rebates of at least $300 for almost everyone earning a paycheck, including low-income earners who make too little to pay income taxes. Individuals and couples who pay income tax would receive rebates of $600-$1,200, and more if they have children.

Lyn
01-24-2008, 04:34 PM
You have to at least have an earned income of $3000 and you will get a $300 check even if you did not pay taxes. Anyone who gets any check at all will get an extra $300 per child. So some who get a check will get $$ even though they did not make enough to actually pay taxes. They do at least have to have had the earned income of $3000 so this will eliminate those who are on welfare and don't work. Also excludes those whose income is just from social security, disability, unemployment. You must have EARNED income to qualify.