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Great solution... Spend more money that we don't have... Oh wait, I forgot if you raise taxes on the people you will get that money back...
Newsmax.com - NY Gov. Paterson Urges Obama to Spend More
Or if you spend more money now and stimulate the economy, more people will move into higher tax brackets and you'll get more tax revenue. It's kind of a weird version of the trickle down effect, or Reaganomics, except instead of stimulating the upper class, you're stimulating the middle class, the people who have the most purchasing power.
For instance, if everyone was given a $750 check from the government Nov 28, retail sales would've been much better this year than they were. Corporations would've done better and hired more people to take the onslaught of consumers doing more holiday shopping and it would've been a great holiday season. State and local governments would've made bank on sales tax revenues, stockholders would've gotten a bang for their retail store stocks and the stimulation would've spread all around. Such as people who are going christmas shopping with their $750 check decide to stop off at a restaurant. They leave the waitor a nice tip and the waitor goes out and spends the money he got from his tip on a new pair of shoes. The shoe store is able to order more supplies from the manufacturer and it goes on and on and on. This is the trickle down theory, except rich people horde and save their money and middle class people spend their money.
Instead, the government didn't pass a stimulus package to the American people and 2008 is probably the worst year, economically, since 1931. Stores will go into bankruptcy, unemployment will rise and state governments will fail. Good idea, KMAN, let's not spend a dime on helping the American economy.
Or if you spend more money now and stimulate the economy, more people will move into higher tax brackets and you'll get more tax revenue. It's kind of a weird version of the trickle down effect, or Reaganomics, except instead of stimulating the upper class, you're stimulating the middle class, the people who have the most purchasing power.
For instance, if everyone was given a $750 check from the government Nov 28, retail sales would've been much better this year than they were. Corporations would've done better and hired more people to take the onslaught of consumers doing more holiday shopping and it would've been a great holiday season. State and local governments would've made bank on sales tax revenues, stockholders would've gotten a bang for their retail store stocks and the stimulation would've spread all around. Such as people who are going christmas shopping with their $750 check decide to stop off at a restaurant. They leave the waitor a nice tip and the waitor goes out and spends the money he got from his tip on a new pair of shoes. The shoe store is able to order more supplies from the manufacturer and it goes on and on and on. This is the trickle down theory, except rich people horde and save their money and middle class people spend their money.
Instead, the government didn't pass a stimulus package to the American people and 2008 is probably the worst year, economically, since 1931. Stores will go into bankruptcy, unemployment will rise and state governments will fail. Good idea, KMAN, let's not spend a dime on helping the American economy.
Or if you spend more money now and stimulate the economy, more people will move into higher tax brackets and you'll get more tax revenue. It's kind of a weird version of the trickle down effect, or Reaganomics, except instead of stimulating the upper class, you're stimulating the middle class, the people who have the most purchasing power.
For instance, if everyone was given a $750 check from the government Nov 28, retail sales would've been much better this year than they were. Corporations would've done better and hired more people to take the onslaught of consumers doing more holiday shopping and it would've been a great holiday season. State and local governments would've made bank on sales tax revenues, stockholders would've gotten a bang for their retail store stocks and the stimulation would've spread all around. Such as people who are going christmas shopping with their $750 check decide to stop off at a restaurant. They leave the waitor a nice tip and the waitor goes out and spends the money he got from his tip on a new pair of shoes. The shoe store is able to order more supplies from the manufacturer and it goes on and on and on. This is the trickle down theory, except rich people horde and save their money and middle class people spend their money.
Instead, the government didn't pass a stimulus package to the American people and 2008 is probably the worst year, economically, since 1931. Stores will go into bankruptcy, unemployment will rise and state governments will fail. Good idea, KMAN, let's not spend a dime on helping the American economy.
You are assuming these people take their $750 and spend it... I would be putting my check in the bank.
You are assuming these people take their $750 and spend it... I would be putting my check in the bank.
Right,,, keep borrowing money to hand out "hand over fist" and all you are going to stimulate is the interest on said loan. Jeez it is not that hard. Our economy will only be healthy when we the people and we the government learn to live within our means. Don't have 5 grand to spend on a plasma TV? don't frickin buy a plasma TV. Don't have 5 billion to pass out to yer constituents in hopes they will love you? Don't borrow 5 Billion. You are an idiot if you do.
Right,,, keep borrowing money to hand out "hand over fist" and all you are going to stimulate is the interest on said loan. Jeez it is not that hard. Our economy will only be healthy when we the people and we the government learn to live within our means. Don't have 5 grand to spend on a plasma TV? don't frickin buy a plasma TV. Don't have 5 billion to pass out to yer constituents in hopes they will love you? Don't borrow 5 Billion. You are an idiot if you do.
That's what people like DavidS don't understand... It's not free money. They think we can just print more. People like David are the reason we are in this mess in the first place. Because, just like you said, they don't live within their means... Their irresponsibility is killing the rest of us responsible people... Sad thing is I don't think they care.
So I take it you don't have a mortgage or a car payment?
That's why I left NYS a long time ago. That type of tax bill has a huge effect on the type of house that you can afford. Think of it- that's over $833 per month. That really takes a bite out what you can afford to pay in principle and interest. For retired people with a paid off mortgage, it takes a huge bite out of their monthly budget. And the amount goes up every year regardless of your home's value.I met a couple ten years ago from New York. Over the winter in Florida we got to know one another fairly well. They told me the taxes on their home was ten thousand dollars a year. I said wow you must have a castle. They said their house was 1300 sq ft. Then they showed me a picture of their older ranch style home. It floored me. I could not imagine paying ten grand a year on a average small ranch style home for just the taxes alone.
Or if you spend more money now and stimulate the economy, more people will move into higher tax brackets and you'll get more tax revenue. It's kind of a weird version of the trickle down effect, or Reaganomics, except instead of stimulating the upper class, you're stimulating the middle class, the people who have the most purchasing power.
For instance, if everyone was given a $750 check from the government Nov 28, retail sales would've been much better this year than they were. Corporations would've done better and hired more people to take the onslaught of consumers doing more holiday shopping and it would've been a great holiday season. State and local governments would've made bank on sales tax revenues, stockholders would've gotten a bang for their retail store stocks and the stimulation would've spread all around. Such as people who are going christmas shopping with their $750 check decide to stop off at a restaurant. They leave the waitor a nice tip and the waitor goes out and spends the money he got from his tip on a new pair of shoes. The shoe store is able to order more supplies from the manufacturer and it goes on and on and on. This is the trickle down theory, except rich people horde and save their money and middle class people spend their money.
Instead, the government didn't pass a stimulus package to the American people and 2008 is probably the worst year, economically, since 1931. Stores will go into bankruptcy, unemployment will rise and state governments will fail. Good idea, KMAN, let's not spend a dime on helping the American economy.
