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usarender
millennium club
Joined: 01 May 2004
Posts: 1258
Location: San Diego, Ca
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 Posted: Wed Jan 23, 2008 12:01 pm Post subject: President Bush & Economic Stimulus |
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This is an interesting article, on the US economy and President's Bush's efforts to re-stimulate the same -->>
Stimulus Plan
Global Innovation and Architecture
1 % of the US GNP corresponds to roughly the amount President Bush is allocating to recuperate the American economy. This is the corresponding cost for the World Pyramid. This would then provide the equivalent economic incentive needed to re-boost the global economy. One percent of US GNP is around 140 to 150 billion, the estimated total cost of the WP, over a period of ten years. All we need is a little creativity and for people to join in large efforts and much economic stimulus can result in a natural way.
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"You can't stop me, my horizon is allready planned. If you are worthy, you can fly with me over these seasons. I am coming, all around the world. Just to hear the power of "I survive". I am coming, all for the sake of a better place for all. |
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Antisthenes
Joined: 28 Nov 2006
Posts: 551
Location: Phoenix
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| Posted: Wed Jan 23, 2008 12:53 pm Post subject: |
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NO.
The President's plan—tax breaks for corporations and rebate checks for the well-off—isn't just morally wrong. It's based on discredited "trickle down" theories and it won't work.
Administration Stimulus Plan Fails Tests for Achieving Most Effective Stimulus, Gives Less Favorable Treatment to Families Under $40,000," Center on Budget and Policy Priorities, January 18, 2008. http://www.cbpp.org/1-17-08tax-stmt.htm
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The most necessary/useful piece of learning is that which unlearns what is untrue: 'evil'
may be acquired, Happiness through virtue which is based on knowledge!/? |
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Antisthenes
Joined: 28 Nov 2006
Posts: 551
Location: Phoenix
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| Posted: Wed Jan 23, 2008 12:56 pm Post subject: |
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We need to get help into the hands of those who need it. That means making sure tax rebates go to working people, not millionaires, extending unemployment benefits, sending money to the states so they don't have to cut back programs for average people, and fully funding energy assistance programs for the low-income families struggling to heat their homes as oil prices rise
And, with skyrocketing oil prices driving the recession, we need public infrastructure investments that create jobs in the short-term, and move us toward a 21st century, clean energy economy in the long-term. We should invest in energy efficiency, mass transit, and a Clean Energy Corps, putting hundreds of thousands of people to work rebuilding our economy.
And of course, we need to end the war that has already cost us $2.25 trillion.
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The most necessary/useful piece of learning is that which unlearns what is untrue: 'evil'
may be acquired, Happiness through virtue which is based on knowledge!/? |
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Architorture
millennium club
Joined: 31 Jul 2004
Posts: 1375
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| Posted: Fri Jan 25, 2008 10:35 am Post subject: |
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so if you make more than 40k you are a millionaire now?
and anyone making over 75k individually or 150k as a couple wouldn't get the rebate... so it appears that there are no millionaires eligible for this rebate...
i think the plan has changed a little from its earliest reports... i really don't see what the problem is which giving a TAX REBATE to people who PAY TAXES...
the article you post seems to think that payroll taxes and income taxes are equal... all those payroll taxes are going to support social security, medacaid, etc... programs that many of those who will not be recieving a rebate are already taking part in- thus recieving their funds back in another form...
you don't hear me complaining about having to pay social security, medacaid etc when i don't collect any of them and am very unlikely to ever see a cent of social security by the time i'm old and gray...
the biggest problem i see with the plan is that the amounts seem negligible...given the current economic situation... 600 bucks isn't going to keep your house from being foreclosed and its not going to get you out of the 10k in high interest credit debt you have... which are the really big problems facing the economy right now...
sure you could buy a cheap LCD tv for your living room and help line the pockets of best buy and walmart... but thats about it... |
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