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Stimulate and give tax breaks to the same, not just stimulate and tax break Business and you know what I’ am talking about, give enough to spur saving too... A DOUBLE BENEFIT FOR BOTH.

A DOUBLE BENEFIT FOR BOTH.

1/24/2008

By Bruce H. Scroggins

Let me get this straight, tax breaks to business and small checks, too the people.  Why are they doing this?  They want the businesses to get a tax break, to lighten the tax load, ok why are they giving money to the people?  Well it’s not to save the money, it’s hoped the people will SPEND the money and the businesses, will get a Tax break and the money, a DOUBLE BENEFIT.

So where’s the DOUBLE BENEFIT, for the people, shouldn’t the people get a tax break as well?Many say No and get technical as to why, but word smithing will not stimulate the recession-depression, so cut the crap and get real, have you looked at Americans SAVINGS lately.

Bush, Democrats, Republicans and Businesses... DON’T WANT A DOUBLE BENEFIT FOR THE PEOPLE.

So now that it straight, who wants the whole deal and who wants the half deal? And where’s the saving/Beef for the people?
Remember, the amount toughing, is $150 billion, when it should be $300 billion and they should be...

PUSHING SAVINGS, AS WELL AS SPENDING, BUT THAT’S NOT WHAT’S GOING TO HAPPEN.

Originally posted to Ministerbruce on Thu Jan 24, 2008 at 07:14 AM PST.

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Comment Preferences

  •  I don't want to jump your tip jar... (2+ / 0-)
    Recommended by:
    XOVER, creeper

    I'm listening to the information on CNN right now, they are saying they have dropped it down to $300 for single payers and $1200 for couples.  (How is that fair?)

    This isn't going to do shit.  Three hundred dollars isn't a drop in the bucket for millions of people.  What a fucking joke.

  •  Jobs creation would be much more effective (1+ / 0-)
    Recommended by:
    creeper

    Than any tax cuts.  Or rebates, for that matter.

    If I get $300 to $600, that money is going to be gone immediately.  It will "stimulate" the economy on that particular day, but then what?

    Let's set up a program to put people to work instead.  That will stimulate the economy every single payday.

    This Milton Friedman economics garbage needs to stop.  Ronald Reagan had it all wrong, and so does Bush.

    Let's get back to the Democratic economics of John Maynard Keynes, can we please?

    •  This is the part I don't think people understand (1+ / 0-)
      Recommended by:
      XOVER

      There is no problem with liquidity, there is a problem with a lack of incentive to make investments in domestic production.

      Tax breaks or rebate checks will have no more effect than low interest rates, yes it will spur consumption, but there has not been a problem with consumption for a long time, when the $300 is gone the problem is still the same, and the origin of that which we are consuming remains the same.

      And additional problem is that economy is over leveraged and those who have created that over leveraging have no incentive to let it unwind.

      Let's set up a program to put people to work instead

      Spending on large scale government funded infrastructure programs will not work either because:

      a.) there is not money to pay for it
      b.) there will be no money to pay for it because there is no reason for companies to invest in domestic production.

      <div style="font-size:10px;text-align:center;background-color:#ffd;color:#f33">If the terriers and bariffs are torn down, this economy will grow - G. Bush

      by superscalar on Thu Jan 24, 2008 at 08:00:37 AM PST

      [ Parent ]

      •  I'm a bit more radical than you. (0+ / 0-)

        First, I think your comments are prescient and I agree with all of them.

        Jobs?  No money to pay for them?  I agree here too.

        So I would pull an FDR and make up a program if I had to.

        And if there isn't a private company willing to invest in domestic production (repairing bridges, replacing the electrical grid, etc.) under the conditions mandated, then I would simply incorporate a new government owned corporation and start putting folks to work.

        I would then turn around and bill out to, say, the electrical utilities for upgrading the grid.

        I mean, jesus christ, we have no money to fight a billion dollar a week war either.  But we do.

        By June 2008 it will be crystal clear IMO that unemployment must be addressed.  Because we'll be entering a 1932 style depression, complete with starving people walking the streets.

        My radicalism will then be viewed as pragmatism.

  •  Meh (0+ / 0-)

    A laudable goal, but if the idea is short-term stimulus, I'm not sure how savings will do much for the economy.  

    According to Hillary, "lobbyists are people, too."

    by Prince Georges for Obama on Thu Jan 24, 2008 at 08:00:17 AM PST

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