Comparative Federal Tax Contribution by State

[Schneed10]

Originally Posted by CRedskinsRule

What if the congress had just taken the approx. 800Billion, and given every person over 16 (approx 240 million in 2008) 3333 dollars, not tax cuts, not spending programs, just a flat 3333 dollars. That would have been interesting. Some it would have been a windfall, some would have repaid loans, some would have invested, and still others would not have noticed that amount. but it all would surely have been a stimulus.

From an economic standpoint, the democratic argument is that too many people would save it. Which doesn't help give the immediate shot in the arm for creating jobs. To an extent they're right.

Consumer confidence is really low right now, which is always an indicator that people are afraid to spend money. They instead save it.

But eventually that money would trickle back into the economy and give us the economic boost. Some argue that doing it your way would be more efficient in the long run, and I think they're probably right. But it wouldn't get the immediate results democrats are looking for.