The more I think about those worthless tax cuts for the affluent to supposedly stimulate our economy the more worthless it gets. After listening to Bloomberg's idea this morning and knowing the chief idiot has been purposely working tirelessly to undo FDR's entire legacy it dawned on me this morning that if he really cared about helping our America he would not be giving the majority of the incentives to the wealthy and Businesses. He would sink the money into an FDR kind of program to rebuild our immensely failing infrastructure and get all America and American's back to work in meaningful constructive work and get us back in order. However you know his only goal is his new order Forever War! It peeves me that it is so obvious what he is doing and the beehive thinks he is slick and fooling us and the world as his only concern is his New World Order Forever Wars.! Anyway I thought of something very interesting this morning after listening to Bloomberg and thinking about FDR and the new deal and Bush's efforts to destroy his legacy.
Knowing that The poor are the people most likely to spend a tax rebate, if they are handed one in an economic revival plan. Whether that happens depends on who prevails — the White House or the Democrats who run Congress. Democrats want to make sure rebates get to more of the poor, including those who have jobs but earn too little to pay income taxes. The idea is the more that people spend, the more it will energize an economy threatening to slide into a recession for the first time since 2001. According to many economists, the lower that people are on the income ladder, the more probable it is that they will spend a rebate and spend it quickly — just the shot for the ailing economy. These people are more likely to be living from one paycheck to the next, without other assets to draw on.
The White House, for now, envisions providing one-time rebate checks to people who pay federal income taxes. That would leave out millions of the working poor, who do not make enough to pay income taxes but do pay Social Security and Medicare payroll taxes. Families of four earning less than $24,900 a year would not get a rebate under the White House approach, said Chad Stone, chief economist at the Center on Budget and Policy Priorities, a research group that focuses on how government programs affect the poor and middle class. Stone estimates that about 22 million households file income tax returns but do not pay that tax because their earnings are so low. An additional 22 million households do not file a return, he said. This group includes many older people on fixed incomes, he said. Check out the conflicting plans
*There is an easy long term 2 part fix to this if helping average American's and our America was Bush's goal. 1. It seems to me that like everything else Bush does his plan is counterproductive. As usual he wants to help those that do not need it and ignore those that do in his creation of a new societal order! This will be a big fight and Bush will cry again until he gets his way. I say give a rebate to the 44 million households who would put it right back into the economy and under Bush's plan would get nothing. The wealthy will just save it as they do not need it to survive which is purposely getting harder for average Americans under Bush.
2. Put average Americans back to work in meaningful constructive jobs that would rebuild our America and her failing infrastructure. The Interstate Highway System turned 50 last year, but the government neglected to give the system a much-needed birthday present. The government at all levels consistently underfunds infrastructure projects, from dams, bridges, and highways to aviation, railroads, and water systems. The tragic collapse of the I-35 bridge in Minneapolis was a wake up call to pay attention to our decaying infrastructure. But really, this bridge is the third wake up call for the United States to reevaluate how we treat critical infrastructure. The first was 9/11, which showed us that infrastructure is vulnerable to terrorism. Hurricane Katrina was a second wake up call, which showed us that infrastructure is vulnerable to natural disasters. This time, we know that infrastructure is vulnerable to use, age, and neglect.
Maintenance on highways, bridges, dams, and water treatment systems is a convenient place to cut corners when politicians need to appear tough on spending, since the results of routine upkeep are not flashy. But perpetual underfunding and deferred maintenance accelerates structural decay and contributes to disasters, as in the cases of the New Orleans levees or Minneapolis bridge. It’s time to make planes, trains, and automobiles safe again and restore the jewels of American ingenuity and engineering.
**Our bridges are crumbling. 590,750:Number of bridges in the United States. 160,570: Number of bridges in the United States rated structurally deficient or functionally obsolete* as of 2003. It’s not just bridges. The 50-year-old interstate highway system is decaying and in need of modernization, too. Funding levels aren’t even adequate for basic maintenance. And it’s not just bridges and roads. Infrastructure of all types faces neglect and funding shortfalls. Tunnels, Dams, everything is failing and Bush wants to ignore it while giving the wealthy back more taxes? If he cared about Average American's and our America not his, he would do just what I suggest. How can he be this openly ignorant? Look at these stats
** Instead he wants to spend $140 Billion giving breaks to those that do not need it and once again ignoring those that do as he must as he build his idea of a new societal order. Meanwhile we will have to borrow around a trillion dollars from China to rebuild our failing infrastructure! What say you?
James Joiner
Gardner Ma
www.anaveragepatriot.com
