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Old 07-16-2008, 09:00 AM
 
Location: When the people find that they can vote themselves money, that will herald the end of the republic
1,084 posts, read 1,868,854 times
Reputation: 948

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The second round of rebates for taxpayers are in the works ?
Bloomberg.com: Worldwide
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Old 07-16-2008, 09:07 AM
 
483 posts, read 1,414,973 times
Reputation: 196
Well I agree with Bernanke, I don't think the first stimulus package has done for the economy what it was thought to be capable of doing. I too think it should wait so that we can measure the full extent of the help received by the first.
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Old 07-16-2008, 09:20 AM
 
Location: Heartland Florida
9,324 posts, read 24,264,007 times
Reputation: 4927
Just let the real estate bubble burst and the extra income we get to keep will be a better stimulus!
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Old 07-16-2008, 09:21 AM
 
19,093 posts, read 20,662,825 times
Reputation: 8364
Who is exactly paying for the first round of stimulus? And who is going to pay the second round? Getting further into debt is not a solution... it becomes an even bigger problem...
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Old 07-16-2008, 12:27 PM
 
Location: St. Joseph Area
6,235 posts, read 8,639,033 times
Reputation: 3108
Quote:
Who is exactly paying for the first round of stimulus? And who is going to pay the second round? Getting further into debt is not a solution... it becomes an even bigger problem...
Well, I heard today on Paul Harvey that we basically had to borrow the money for the stimulus checks (we're already 9 trillion in debt). And that China holds a large bulk of it. So basically, you could say that we borrowed from China to buy chinese products to prop up the economy...Only in America!

There's something about the idea that I don't like. It just doesn't seem like good economics when the government owes so much as it is.
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Old 07-16-2008, 02:34 PM
 
Location: home state of Myrtle Beach!
6,295 posts, read 19,513,822 times
Reputation: 3518
As much as I'd like to receive more money from the government (taxpayers) to pay my tax bill, I'm left wondering for how long my kids will be footing the bill for these stimulus payments. I heard that millions upon millions of dollars of the first stimulus payments were held by the IRS to satisfy taxpayer's balances, back child support, etc.
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Old 07-16-2008, 04:41 PM
 
3,460 posts, read 5,071,229 times
Reputation: 6677
Has anybody noticed that oil stayed expensive while the government was mailing out stimulus checks, and now that they're spent, oil demand is finally dropping?

If the government floods us with money again, all we're going to do is fill our gas tanks and drive up the price......
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Old 07-16-2008, 04:54 PM
 
Location: Fort Myers Fl
2,305 posts, read 2,751,025 times
Reputation: 917
Quote:
Originally Posted by sterlinggirl View Post
Has anybody noticed that oil stayed expensive while the government was mailing out stimulus checks, and now that they're spent, oil demand is finally dropping?

If the government floods us with money again, all we're going to do is fill our gas tanks and drive up the price......
If it was only that simple!
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Old 07-17-2008, 12:42 PM
 
455 posts, read 1,382,143 times
Reputation: 403
Quote:
Originally Posted by evilnewbie View Post
Who is exactly paying for the first round of stimulus? And who is going to pay the second round? Getting further into debt is not a solution... it becomes an even bigger problem...
Quote:
Originally Posted by mackinac81 View Post
Well, I heard today on Paul Harvey that we basically had to borrow the money for the stimulus checks (we're already 9 trillion in debt). And that China holds a large bulk of it. So basically, you could say that we borrowed from China to buy chinese products to prop up the economy...Only in America!

There's something about the idea that I don't like. It just doesn't seem like good economics when the government owes so much as it is.
Eh, we're already so far in debt, there's no hope of paying it off. If our economy is going to crash, we might as well go out with a bang!
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Old 07-18-2008, 01:16 PM
 
69,360 posts, read 57,137,082 times
Reputation: 9371
Quote:
Originally Posted by myrc60 View Post
As much as I'd like to receive more money from the government (taxpayers) to pay my tax bill, I'm left wondering for how long my kids will be footing the bill for these stimulus payments. I heard that millions upon millions of dollars of the first stimulus payments were held by the IRS to satisfy taxpayer's balances, back child support, etc.
Yes, there goes the idea taxation without representation. We are going to leave this debt to our children to pay back through taxes, and they have absolutely no say so...
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