Every time I start getting a grasp on economics, those geniuses on capital hill come up with some solution to today's economic problems and it bamboozles me...It's really tough on my young, developing mind.
Even if all the people in the US would spend this money instead of save it, it would hardly be a big let alone stand lasting impulse in the economy. So I don't really think it's that good a thing, still nice to get $600 dollars.
Basically. Taxes should be so negligible that tax refunds should never be an issue (or existent). It creates a wasteful government situation of managing money (usually poorly) and doling it out to various special-interest groups.
Minimal taxes to fund far fewer gov't programs, and to subsidize those beneath living wage. The rest should have never left our hands in the first place.
Gender: Male Location: USA, Oklahoma. Pewpy balls.
At the risk of being disagreed with and pwned, I believe it will do exactly as its designed to do.
I believe the economy will be greatly stimulated and it will have a lasting effect on the economy. I figure the economy will start to rise again after these millions of checks start going out. This rise may just be a catalyst t o start another economic upturn for the next several years. If that occurs, then these actions were effective, no matter what type of pessimism is thrown at these actions....*cough*digimark*cough*
I understand the logic behind this legislation. Literally billions of dollars could be lost even if our economy's growth is just slightly slowed, much less going into a recession. If this money DOES jump start the economy to a nice HEALTHY upturn, then literally billions of dollars in differential growth would occur, possibly generating much more than just a $130 billion in a differential growth.
Of course, nay sayers my attribute the growth as non-related if there isn't a sudden spike in the economy.
Economies rise and fall. This particular period will probably go up, because all estimates of the recession have been exaggerated due to public opinion.
I have no doubt that gov't actions can help stimulate the economy (though they are far too quick to take credit or shift blame without proper causal analysis of economic forces). But my issue has always been that the economy itself isn't the ideal system of economics.
So yeah, in the current system it's probably a good thing. Both ideologically and personally, I'm for giving as much back to the people as possible. But that doesn't mean I can blanket the entire enterprise with my approval.
Gender: Male Location: USA, Oklahoma. Pewpy balls.
It is $600 if you are single. Wut you gonna do wit yo cash?
Dude, I wasn't serious when I zinged you. You do not have to explain your position to me. Okay, wait; yes, it was necessary to explain things to me because I like to talk about this stuff.
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Last edited by dadudemon on Feb 9th, 2008 at 12:20 AM
Yes, I believe we are being taxed on it, so don't expect the full $600.00 if you're single.
I'm blowing mine on an Asian hooker.
__________________ "The most merciful thing in the world, I think, is the inability of the human mind to correlate all its contents. We live on a placid island of ignorance in the midst of black seas of infinity; and it was not meant that we should voyage far." -CoC
It's what I heard; I just did some research of my own; what I heard was wrong. We get the full amount, whatever that ends up being.
Never had an Asian.
__________________ "The most merciful thing in the world, I think, is the inability of the human mind to correlate all its contents. We live on a placid island of ignorance in the midst of black seas of infinity; and it was not meant that we should voyage far." -CoC
Gender: Male Location: USA, Oklahoma. Pewpy balls.
The house and senate passed the bill that said $600 for an individual who makes between $3000 and $75000 and $1200 for couples who make less than $150000 plus $300 for each child for both types. We know exactly how much that it will end up being. I highly doubt that Bush would veto this bill after it was passed by such a large majority by congress.
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Feb 8th, 2008 01:43 AM
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