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Thread summary:

IRS tax rebate: mortgage, loans, foreclosure, debt, buy stock.

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Old 10-11-2008, 06:39 PM
 
Location: SoCal
316 posts, read 692,975 times
Reputation: 70

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Tax rebate, food stamp money possible in aid plan

Tax rebate, food stamp money possible in aid plan - Yahoo! News (http://news.yahoo.com/s/ap/20081011/ap_on_go_co/second_stimulus;_ylt=Aj7fmWP3EWzt0xjDc8yYuQ6s0NUE - broken link)
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Old 10-11-2008, 06:54 PM
NCN
 
Location: NC/SC Border Patrol
21,663 posts, read 25,642,454 times
Reputation: 24375
Your grandchildren will thank you when they are paying for it!
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Old 10-11-2008, 06:57 PM
 
Location: Sitting on a bar stool. Guinness in hand.
4,428 posts, read 6,512,471 times
Reputation: 1721
Quote:
Originally Posted by NCN View Post
Your grandchildren will thank you when they are paying for it!
Exactly.

Why is this a good thing? It's just adding to our national debt. Then again, at this point what the Fook does it matter. Let's add another 100 billion just of the heck of it.
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Old 10-11-2008, 07:03 PM
 
Location: Maine
502 posts, read 1,736,378 times
Reputation: 506
I skimmed the article and didn't see anything about job creation, just lots of "freebies" handed out. How would this stimulate the economy? Looks like more socialism to me.
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Old 10-11-2008, 07:03 PM
 
3,631 posts, read 14,557,816 times
Reputation: 2736
Either they are going to go crazy printing money or our kids will never get under from this.

Instead of unemployment benefits, why can't we at least invest this in fixing our crumbling infrastructure and create jobs in the process? We can also have the unemployed farming and other such things. I would be glad to work at some menial job if I did not have my desk job.

Same thing for all these mortgage baileouts they are talking about. Help them but make them work for it. There is NOTHING wrong with having to work two jobs to get out of debt - let one of them be fixing up old homes for the rest of the poor.
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Old 10-11-2008, 07:15 PM
 
Location: SoCal
316 posts, read 692,975 times
Reputation: 70
Quote:
Originally Posted by baystater View Post
Exactly.

Why is this a good thing? It's just adding to our national debt. Then again, at this point what the Fook does it matter. Let's add another 100 billion just of the heck of it.


Article say's , It Would cost up to 150 Billion !

Goverment must be preparing for the worst?
Higher Unemployment, More people on food stamps!
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Old 10-11-2008, 07:34 PM
 
Location: Great State of Texas
86,052 posts, read 84,531,102 times
Reputation: 27720
They are trying to spend their way out of this..create money and throw it at anything that moves.

Here's scary charts that came out for this week. Take a gander at the Monetary Base and Adjusted Reserves.

St. Louis Fed: U.S. Financial Data
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Old 10-11-2008, 07:38 PM
 
4,709 posts, read 12,679,964 times
Reputation: 3814
Oh boy, more free money!

Last time, I got my $1200 "stimulus" payment on a Friday. The following Tuesday, I got a notice from IRS that my accountant had made an error in preparing my return.

With penalty, we owed $1198!

So my wife's and my "stimulus" came to two bucks! We scraped up another dollar and half in change and went and had an ice cream cone at McDonald's.

Is this a great country or what!
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Old 10-11-2008, 07:41 PM
 
1,076 posts, read 3,553,963 times
Reputation: 1148
Either canidate will add an additional 200 plus billion to the budget deficite so what the heck is just another few billion, and taxes are not going to be raised either huh, uncle sam will you read me another bed time story.
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Old 10-11-2008, 07:46 PM
 
Location: SoCal
316 posts, read 692,975 times
Reputation: 70
Quote:
Originally Posted by HappyTexan View Post
They are trying to spend their way out of this..create money and throw it at anything that moves.

Here's scary charts that came out for this week. Take a gander at the Monetary Base and Adjusted Reserves.

St. Louis Fed: U.S. Financial Data

WOW! Why Did I Look! SCARY! IT SPIKES STRIAGHT UP !

This Will Cause HyperInflation?
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