Comparative Federal Tax Contribution by State

[KLHJ2]

Originally Posted by firstdown

How about have Obama sign the bill to allow off shore drilling which is safe and in our state would create 1,200 to 2,000 jobs and cost the goverment very little. Use the tax money raised off of the off shore drilling to fund reserch for alternative fuels.

Hey not a bad post for #6000

That can also be part of the solution, I agree, but it is not a save all. But if all of these ideas get put into practice then they will combine to be the save all.

The problem is that the majority just say "That will not be enough" and decide not to do it at all. So we are stuck in neutral trying to move up a hill with our thumbs up our asses. In the end we need to do something. Let's get it started! We may not absolutely see eye to eye on all ideas, but hell lets put some things in action.

[FRPLG]

Originally Posted by Angry

Look at what happened during the Depression. There was the first “new deal” and the “second new deal”. The whole lets not give handouts was the thought by the government then too.

What happened? During the First new Deal they tried giving Tax cuts to the large corporations hoping that it would boost the economy and enable them to provide new jobs along with other things. Did it? No, because if it had worked there wouldn't have been a second new deal. In the second New Deal they attacked the problem at its source...The people.

The Government set up special works projects etc. so that "it wasn't a handout" but in the end they were still fighting the depression along with getting some other things taken care of. In fact 95% of our highway system was built during the depression and funded by the Government.

So you do not want to give out handouts...fine, Don't give handouts to corporations either. Lets fund a whole bunch of special projects to better the infrastructure. One particular project that comes to my mind is New Orleans. It needs to be rebuilt badly. How about, we rebuild it so well that it never has to worry about being flooded again? If man can make an Island that floats out in Southwest Asia, then we can use the same technology to float the infrastructure of New Orleans during floods and hurricanes. Think about it. That is a large project that would require a lot of workers and it isn't a handout.

But my thinking is, if you are going to give a handout, which our government did; then give it to the people not to the corporations. History has already taught us twice now that it doesn't work that way.

One flaw in your logic is this. The New Deal didn't bring us out of the depression. WWII did. The other is that there are billions of non-stimulus provisions in this "stimulus" bill. A giant portion of it is entitlement and social support money intended to help people THROUGH the recession, not end it. Every single penny of that portion should be taking out and run through appropriations rather than smacked into the middle of a "emergency" bill that will hopefully save us from "utter and total destruction."

[saden1]

Pfff, if you have medical bills I'm inclined to understand your plight but the rest of the people in debt are in debt out of their own accord. People who want to be debt free will have no problem borrowing money to buy that gizmo and get right back into debt. I mean, you have billionaires with debt! Instant gratification is human nature. There's also levels of debt...auto, home, and credit cards. Home debt you can't really do much about, auto and cc you can.

[724Skinsfan]

As far as the overall econmy for the nation goes, New Orleans is one of the few places that's doing pretty good.

There were jobs needed, so entrepeneurs and skilled workers loaded up the truck and they headed to New Orleans.

[724Skinsfan]

For most working individuals, the credit will be paid over time at roughly $15 per period, assuming 26 pay periods in a year. Estimated cost: $116 billion.

Whoo-hoo! It's like getting a free super-sized Big Mac extra value meal every week for one whole year! I'm so stimulated a cat couldn't scratch it.

[firstdown]

Ok, so people are going to get $15 bucks to buy what? That money will get worked right in with all their other bills and not sure how much will go to buying any thing of substance. I guess I could go to Wal Mart and pick up some Made In China fishing equipment and take my $15 to the minimum wage cashier. Now thats stimulas.

Maybe I could hire some illegal to come cut my grass once a month.LOL

[CRedskinsRule]

$15 != (thx Saden) $3333

[saden1]

Obama promised people he would help them fill up their tank, the $15 a week is more than enough help to do that. You can even splurge and buy an extra gallon of milk or two now that gas prices are lower.

Let's not try to coerce a square peg into a round hole. I assure you though that the $15 will be spent. If you give people chump change, they will spend it, if you give them $3333 they're more likely to payoff bills and save the rest. You guys do understand this point don't you? There's science and research behind this type of thinking.

[CRedskinsRule]

one question, if i am in the low-middle class bracket (which i am), and i get $400 dollars this year, what is the amount of tax debt I am getting myself into?
If i am getting 400 and over 10 years have to pay back 1000, then i can accept that i guess, but if i am getting 400, and over 10years have to pay back 20,000, then not so much.
Also, I am assuming that this 790Million dollars does just go straight into debt correct, and that the true government budget, will be on top of this stimulus?