As for the stimulus package of Obama's I had to personally look into what it actually was. From what I have learned Obama will not release one lump sum to the people as the government feels if it was done in this way people would save the money and not spend it. The plan is to release the stimulus slowly over the next two years in twenty dollar increments. Each month for the next twenty-four months the government will deduct a total of twenty dollars less from the taxes we pay from each monthly payment from our employers. This way money will slowly bleed into the economy, with the stimulus being as little as ten dollars a pay period the populace will be more inclined to spend rather than save.
Simply, this is not the government giving us a stimulus package. It is merely the government taking less from us than they normally deduct in the guise of taxes. Allowing us to keep a little more of the money we earn and somehow we thank them for it.....
The Gov says a little hemorrhaging is fine as long as it's not an artery wound? Funny, I thought it would be good to stop the bleeding all together. Soon. Slowly bleed to death. Hummm what a way to go.
ReplyDeleteI ♥ Obama.. :) But I'd be pissed off if that's how I got my tax returns, "paid" to me by letting me pay less taxes.. I love my big lump of money once a year, and I do spend it lavishly and quickly, feeling rich in a very material way for atleast a few days. Is $20 enough to really make a difference to you guys?
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