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View Diary: Stimulus and Brewster's Trillions (14 comments)

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  •  You have a great idea (1+ / 0-)
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    Having a central theme to the stimulus package ot large permenant tax cuts for everyone making $250,000 or less is a very good idea.  Compound that with your idea of a payroll tax holiday for everyone for 1 year and your idea is perfect.  Obama did promise a large income tax cut for everyone making $250k or less and now is the time to honor that promise.

    Doing this kind of thing would also effectively be the same as a pay raise which is long overdue.  Alot of folks on this site talk alot about "livable wages".  The government has burdened and overtaxed the middle class for way too long.  If obama would bring income taxes down to a sane level we would be elevating most Americans wages.

    Lastly, this would certainly stimulate the economy.  More spending is exactly what we need anyways.  Sure some will save this money but most won't since most people are struggling to get by.

    I think that the $1.5 trillion mark is probably correct as well.  While it is important to include some infrustructure projects, keeping the focal point tax cuts to the middle class is smart.  Why not help out the middle class tax payers first.  Allow them to keep more of thier own money.  Let them stimulate their local economies how they see fit.  They know better then the government anyways.

    •  thanks Lucius (0+ / 0-)

      I will probably be writing a dozen posts or so.  People need to know the basic facts about the stimulus, and they don't.

      They need to know:

      1. it must be big
      1. it must be quick

      3  because of 1 &2 we have to choose every possible way to spend this money.  

      I find the debate in the mainstream media and within the progressive blogasphere to be horribly stunted.   We are facing the great depression II and we are talking about it like we need to defend our turf - that "my particular stimulus idea is way better than yours, so we shouldn't fund yours".  We do not have the luxury of arguing about multipliers or tax cuts or infrastructure.    We need to do it all to avoid breadlines.

      I am repeating myself, and thats ok.

      by mickslam on Tue Jan 13, 2009 at 05:36:44 AM PST

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      •  I don't think most people here realize (0+ / 0-)

        how har spending $1.5 trillion is.  Not including massive income tax and payroll tax cuts was almost be criminal at some point.

        •  exactly (0+ / 0-)

          I think this issue is so important I started writing about it as much as I can.  If you look at my posts prior to Nov., I wrote a handful.

          The country is facing a horrible economic situation, but it is one we can largely avoid.  However, because of the size of the stimulus necessary, it will not be easy to do.

          I am repeating myself, and thats ok.

          by mickslam on Tue Jan 13, 2009 at 09:02:41 AM PST

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        •  I am glad that at least (0+ / 0-)

          people are starting to talk the size of the stimulus necessary.  When I first starting writing, nobody was talking about the size of the plan at all.

          Now we need to talk about the timing of the spending the ramifications of that much spending.  

          Ah oh well, one step at a time.

          I am repeating myself, and thats ok.

          by mickslam on Tue Jan 13, 2009 at 09:04:18 AM PST

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