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#1 |
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Donating 4WT Yakker
Join Date: Sep 2006
Location: Central Texas
Posts: 5,717
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Haley, you and I are not going to agree about this, there are valid arguments on both sides of the issue. If tax cuts won't work and stimulus spending won't work, well then we are both in for a long long painful decline.
Here is a good article that presents a layman's view of both. http://www.newsweek.com/id/184599
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Gayle
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#2 |
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Senior Member
Join Date: Jan 2008
Posts: 2,147
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Here is what our children and grandchild have to look forward too!!!
National debt
One thing about the president's $790 billion stimulus package is certain: It will jack up the federal debt. Whether or not it succeeds in producing jobs and taming the recession, tomorrow's taxpayers will end up footing the bill. Forecasters expect the 2009 deficit -- for the budget year that began Oct. 1, 2008 -- to hit $1.6 trillion, including new stimulus and bank-bailout spending. That's about three times last year's shortfall. The torrents of red ink are being fed by rising federal spending and falling tax revenues from hard-hit businesses and individuals. The national debt -- the sum of money owed by all levels of government -- stands at $10.7 trillion, or about $36,000 for every man, woman and child in the U.S. Interest payments alone on the national debt will near $500 billion this year. It's already the fourth-largest federal expenditure, after Medicare-Medicaid, Social Security and defense. This will affect us all directly for years, as well as our children and possibly grandchildren, in higher taxes and probably reduced government services. It will also force continued government borrowing, increasingly from China, Japan, Britain, Saudi Arabia and other creditors.
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PROUD MOMMY
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#3 |
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Donating 4WT Yakker
Join Date: Sep 2006
Location: Central Texas
Posts: 5,717
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Like I said, we are going to have to agree to disagree..........
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Gayle
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#4 |
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Senior Member
Join Date: Jan 2008
Posts: 2,147
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would have been cheaper to lower the taxes, and weed out the felling business.
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PROUD MOMMY
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#5 |
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Senior Member
Join Date: Jan 2007
Posts: 1,228
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$13.00 dollars a week.. what can it do?
Well for starters it is an extra $1352.00 for couples, and $676.00 a year for the single American person. In their pocket. $13.00 dollars can be a lot of money for that person who has no money in their pocket, and two days until payday. I appreciate my extra $13.00 dollars a week. And say 'thank you'. |
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#6 | |
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Senior Member
Join Date: Jan 2008
Posts: 2,147
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Quote:
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PROUD MOMMY
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#7 | |
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Donating 4WT Yakker
Join Date: Sep 2006
Location: Central Texas
Posts: 5,717
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Quote:
That is YOUR opinion and I respect that, it's just not mine, but that is OK. My basic philosophy of government is very different from yours. I believe the government should exist to help people. And I appreciate all that the government does for me. And I don't mind one bit paying taxes so that my government can help its people. Nothing will change my basic philosophy of the way I see government and how it should work. I truly understand though, that many people are upset about paying taxes and how that tax money is spent. Sometimes I don't agree with how my tax money is spent, but you can't please everyone all the time, just not possible. I am very proud of my government and some of its accomplishments: Social Security, Workers Compensation, the 40 hour week, child labor laws, Medicare, collective bargaining, civil rights, religious freedom, food regulations, environmental protection, tolerant imigration policies policies, just to name a few. Of course, nothing is perfect and I do not like the war and I wish we had health care for all. I know though, that things are not perfect and never will be. That is what is great about this country - you can be/think/do just about anything you want. Agree/disagree it's all great!
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Gayle
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#8 | |
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Senior Member
Join Date: Jan 2008
Posts: 2,147
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Quote:
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PROUD MOMMY
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#9 | |
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Donating 4WT Yakker
Join Date: Sep 2006
Location: Central Texas
Posts: 5,717
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Quote:
I can't mark your words, because I do not agree with you, and that is not my experience. Are you saying we shouldn't have Medicare, social security, civil rights? That was/is government involvement. I'm sorry, I just can't agree with you, but that is OK, I don't have to. My life is devoted to helping others, that is my philosophy of life, that is my way of life, service to others; and thus, I guess it is why I see government's role as that of helping others. It is my basic foundational belief system.
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Gayle
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