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Another stimulus package? - 10/13/2008 2:27:09 PM
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joannepir
Posts: 176
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From: NY
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Has anyone heard about getting another stimulus package? That would be great.
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RE: Another stimulus package? - 10/13/2008 2:38:04 PM
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GroupW
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From: Up in the hills of Colorado (very BIG hills...)
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There's talk in the House regarding it, along with a few Senators that have floated some weather balloons on the issue. Plus some ongoing discussions on how to structure things within the existing $700 billion mandate to facilitate a recover in bank capital. Lots of talk so far - it will be interesting to see what may come of it.
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“For every problem, there is a solution that is simple, elegant and wrong.” -H.L. Mencken
"Most people would rather die than think; in fact, they do so." -Bertrand Russell
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RE: Another stimulus package? - 10/13/2008 2:49:46 PM
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stamper_ben
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Madame Speaker is planning on calling a special session right after the election when she is sure they have enough votes to shove it down our throats pass it in the overwhelmingly Democrat congress.
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RE: Another stimulus package? - 10/13/2008 4:01:42 PM
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Random
Posts: 1039
Joined: 4/18/2005
From: Zipperhead
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quote:
ORIGINAL: Harvie
Well, wasn't the last stimulus package merely an advance on next year's tax refund?
No, it wasn't, at least not in the way you are thinking. They actually lowered the tax rate, but rather than change the withholding tables, they sent you the money in a lump sum.
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"That which has always been accepted by everyone, everywhere, is almost certain to be false." -- Valery
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RE: Another stimulus package? - 10/14/2008 8:11:12 AM
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P31W
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quote:
Has anyone heard about getting another stimulus package? That would be great.
Exactly "who" is going to pay for this?
Why do you believe this would be "great"?
Do you realize we are in debt over our heads?
Do you realize we are paying interest every second of every day to foreign countries?
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RE: Another stimulus package? - 10/14/2008 8:12:36 AM
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P31W
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quote:
They actually lowered the tax rate, but rather than change the withholding tables, they sent you the money in a lump sum
No one lowered my tax rate or sent me a check in the mail. For many of us this was nothing more than a redistribution of wealth package.
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RE: Another stimulus package? - 10/14/2008 9:04:21 AM
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NoShow
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quote:
ORIGINAL: stamper_ben
Madame Speaker is planning on calling a special session right after the election when she is sure they have enough votes to shove it down our throats pass it in the overwhelmingly Democrat congress.
Obama's been talking about another one since June. With Pelosi, it's been more recent.
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RE: Another stimulus package? - 10/14/2008 9:21:59 AM
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joannepir
Posts: 176
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From: NY
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quote:
Exactly "who" is going to pay for this?
Why do you believe this would be "great"?
Do you realize we are in debt over our heads?
Do you realize we are paying interest every second of every day to foreign countries
It would be great for us because it will lower "our" debt. The country has been in debt anyway - like we can do anything about that.
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RE: Another stimulus package? - 10/14/2008 9:32:23 AM
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P31W
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quote:
It would be great for us because it will lower "our" debt.
With "whose" money, personal sacrifice and work effort?
Who do you believe should go without so that "you" can pay off debts that you incurred?
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RE: Another stimulus package? - 10/14/2008 9:39:51 AM
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P31W
Posts: 2972
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De 5:21
"You shall not covet your neighbor's wife. You shall not set your desire on your neighbor's house or land, his manservant or maidservant, his ox or donkey, or anything that belongs to your neighbor."
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RE: Another stimulus package? - 10/14/2008 10:38:33 AM
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Random
Posts: 1039
Joined: 4/18/2005
From: Zipperhead
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quote:
ORIGINAL: P31W
quote:
They actually lowered the tax rate, but rather than change the withholding tables, they sent you the money in a lump sum
No one lowered my tax rate or sent me a check in the mail. For many of us this was nothing more than a redistribution of wealth package.
Nor mine. I was just pointing out that it was not a prepayment, but an actual reduction for those who qualified.
Whether you agree or disagree with the stimulus (I was opposed to it) that doesn't change the math of what they actually did.
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"That which has always been accepted by everyone, everywhere, is almost certain to be false." -- Valery
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RE: Another stimulus package? - 10/14/2008 11:19:34 AM
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Random
Posts: 1039
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From: Zipperhead
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For MOST (not all) the 10% bracket was widened so that people with incomes under the threshhold got a tax break of 5% on a chunk of their income (the top of the 15% bracket stayed the same, so this really just turned some income into 10% tax instead of 15% tax). This is what I meant when I said it lowered the tax rate. Then, these people got a check for that difference instead of having to wait until next year.
For others, like you and me, our incomes were too high, so we did not qualify for the tax reduction, and didn't get a check.
For still others, there was some provision to pay them stimulus even though they paid no taxes. That is what you are upset about, and rightly so. Unfortunately I don't remember the details of how that worked. But it wasn't relevant to Harvie's question, so I ignored it.
Or, in less words, the thing I was responding to Harvie about has nothing to do with the thing you are upset about. 
_____________________________
"That which has always been accepted by everyone, everywhere, is almost certain to be false." -- Valery
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RE: Another stimulus package? - 10/14/2008 11:33:04 AM
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P31W
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quote:
Or, in less words, the thing I was responding to Harvie about has nothing to do with the thing you are upset about.
LOL now that I can understand! 
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RE: Another stimulus package? - 10/14/2008 1:05:54 PM
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joannepir
Posts: 176
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From: NY
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You talk as if everyone personally stole from you. There are a lot of hard-working people who do without on a regular basis that were helped by the stimulus package. Yeah, we probably pay for it in the end but every little bit helps.
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RE: Another stimulus package? - 10/14/2008 1:12:03 PM
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Mrs.Wifey
Posts: 5097
Joined: 4/12/2005
From: The Gorgeous plains of Colorado
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quote:
ORIGINAL: joannepir
You talk as if everyone personally stole from you. There are a lot of hard-working people who do without on a regular basis that were helped by the stimulus package. Yeah, we probably pay for it in the end but every little bit helps.
You(we, I got a stimulus check also) aren't the one paying though, the wealthy percentage of America is and it isn't right, IMO. People shouldn't work hard to get where they are and then end up paying everyone else's debt. I was not a big proponent of the first package, and I will definitely be against anymore of them.
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RE: Another stimulus package? - 10/14/2008 1:17:13 PM
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joannepir
Posts: 176
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From: NY
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So....you'll refuse to take another stimulus package.....
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RE: Another stimulus package? - 10/14/2008 1:38:03 PM
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Mrs.Wifey
Posts: 5097
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From: The Gorgeous plains of Colorado
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If we could refuse, then we certainly would... Things like stimulus packages go against the principles of capitalism, IMO. HERE is a good article about stimulus packages... The thing is that you have to look at the big picture. Yeah, it's nice to have some extra cash to pay off debt/buy toys but it's not the best thing overall in the long run. I would much prefer that we figure out a true "solution"(because I tend to think alot of our economy is cyclic) then to just keep putting a dab of Neosporin here and there.
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RE: Another stimulus package? - 10/14/2008 2:20:55 PM
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P31W
Posts: 2972
Joined: 6/13/2005
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quote:
You talk as if everyone personally stole from you.
They did. I hope one day someone steals from you. Then you can realize that it's wrong.
Next time you say you want something from the government...instead look at a person who pays more than their fair share in personal income tax to the government and just say to their face....."I hope Uncle Sam takes your money away and gives it to me".....just be honest and say it that way.
It would help some of us feel better to realize that you do acknowledge that it's not your money and it's our work effort and sacrifice that you are demanding.
Before the stimulas checks and the bail out happened Rhippie figured that each and every one of us had to send in over $7,000 to the Fed. government in "income tax alone" just to pay our fair share. For a family with two babies that $28,000.00 just to say you paid your fair share. For some of us we "wish" that was all we had to pay in. For some of you that figure will blow you out of the water.
The bailout package I believe will cost each of us who pays taxes 32K? Is that correct. Oh how some of us "wish" that we only had to pay 28K plus 32K this year and that would be all that was expected/demanded out of us. I would cut the check today if Uncle Sam promised to leave me along until next year.
< Message edited by P31W -- 10/14/2008 2:58:14 PM >
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RE: Another stimulus package? - 10/14/2008 8:07:38 PM
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Lady_of_Faith
Posts: 81
Joined: 9/18/2008
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Well, the stimulus package really helped my family at the time. If it was an 'advance' on our 2008 refund, oh well. It's done, people cashed the checks and spent the money, no sense in complaining about it now.
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