Our Money’s Already Spent
President Bush and Speaker of the House Nancy Pelosi announced aneconomic stimulus package that promises to put at a $600 tax rebate check in the hands of an estimated 16 million families. Total coast of the package is $150 billion (approximately $100 billion in rebates for families and $50 billion in tax cuts for businesses). I mean, why not? It’s our money, right?
Well, no. Our money’s already been spent. Remember that pesky 9 trillion dollar deficit?
VolunteerVoters.com has a great roundup of reaction to this latest move. My favorites - Aunt B. who is already spending the money, “I’m hoping for $800, only because I’d like to put it towards my medical debt, which will stimulate the economy by… um… okay, I’ll put some towards my medical debt and blow some at Amazon,” and Sarcastro’s “Getting rid of debt is a far more sound economic policy than tossing a few coins at the plebes during an election year. On his way out the door, George W. Bush is giving us the “Your money’s on the dresser. I’m through with you.”
This post was written by Mary Mancini
This entry was posted on Friday, January 25th, 2008 at 8:22 am and is filed under Politics. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
January 25th, 2008 at 11:11 am
[…] Mary Mancini keeps the economic stimulus package that may put anywhere from $600 to $1,200 dollars in your pocket in perspective: I mean, why not? It’s our money, right? […]
January 25th, 2008 at 2:44 pm
It’s such a short-term economic Band-Aid and the tax rebate doesn’t address the underlying issues at all. In 1975, consumers spent 40 percent of tax rebates issued by the Federal Reserve. A far more practical solution would be investigating the weakening of the American dollar and the ever-increasing gap between the uber-wealthy and improvished classes. We’re very much turning into a feudal society, where the extremely wealthy benefit from the work of the improvished majority.
January 25th, 2008 at 2:46 pm
Have fun in Vegas, btw.
January 30th, 2008 at 7:25 am
[…] • Liberadio (another new addition to the blogroll and roundup): We use these too: If “ES&S iVotronic” and “paperless touchscreen voting machines” sound familiar to some of you it’s because 17 out of 95 counties in Tennessee use these machines and, if things don’t go well next week, we’ll be using them again in the November election., plus Our Money’s Already Spent […]