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    Who are the NERD fund donors Mr Snyder?

    Raise the curtain.

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    This is all well and good... (none / 0) (#1)
    by KG One on Tue Jan 27, 2009 at 06:50:44 PM EST
    ...but we're still back at square one with the government picking winners and losers.

    And after the latest government "bailout" scheme that blew up in Washington's face (i.e. accounting for EXACTLY where the TARP money went), I'm shaking my head when I find anyone who believes that Washington won't screw up this recession any worse that it already is.

    I thought that we learned out lessons from FDR's mistakes; Government throwing money at the problem, picking and choosing who it feels "deserves" support, will only end in failure (again).

    If we're looking at an ideal "stimulus" package, I like the idea that was floated on 'JR a few days ago.

    The idea goes along these lines: our economy is not functioning correctly because people are not purchasing anything. When people aren't purchasing anything, people eventually get laid off/fired from the place of employment.

    Repeat.

    For people to purchase items, they need money.

    So, why not put money back in people's pockets the quickest way possible: Do not remove it in the first place (read: suspend the federal income tax for a period of one year).

    The latest estimate of President Obama's economic stimulus package is around $850 billion dollars. We know that this is only an estimate, and will go higher.

    He has also stated under no under certain terms that "He won" regarding last November's elections. Any input that he'll accept from the Republican Caucus will be token, at best.

    Now, if the numbers I have are correct, the federal government collects around $1.01 Trillion in income taxes each year.

    Suspending the income tax will allocate an almost identical amount of money as the President's "stimulus" plan. It will do so quickly, and put in in the hands of the people who know how to spend it to right our economy, the people who earned it in the first place.

    An added plus here is that it will also put Obama/his handlers in a awkward position of having to say no to letting people keep what they have earned, and have to go through a middleman to get some of it back.

    Now, why isn't a plan like this promoted?

    • Good call by Ed Burley, 01/28/2009 12:51:45 PM EST (none / 0)

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