FootballFirst
Well-Known Member
Anyone know where we can read this bill Obama is pushing through? The news sources only have "summaries"
$825 billion package bill anywhere?
- Thread starter FootballFirst
- Start date
misshestermoffitt
New Member
as if they're going to let the citizens in on it, it's only our money you know.
FootballFirst
Well-Known Member
keeps competition low for future jobs? ahaha
misshestermoffitt
New Member
I think it's going to help women in thrid world countries. They used to get funding but Bush cut it off. It's either give them birth control or try to help feed 4 times as many in 10 years.
misshestermoffitt
New Member
Maybe they're going to stop abstinence only education in school and start teaching them some actual sex education. That would be a good thing.
TheBrutalTruth
Well-Known Member
2 Month (better would be a 2 year) tax holiday on income and payroll taxes.
misshestermoffitt
New Member
keep dreaming, they can't make ends meet on the money they're getting now.
TheBrutalTruth
Well-Known Member
You know, I have yet to hear Congress (either House) say that they were going to take pay cuts until the economy recovered, thus saving potentially 53.5 Million per year if they all take $100K/year tax cuts.
Though I think such action might be suitable for California to... except maybe instead of 40% of their pay, or even 50% of their pay they can go to 25% of their pay.
FootballFirst
Well-Known Member
I looked up the revenue the gov't collected last year from taxes. It took in $2.2 trillion dollars. A trillion is one thousand billions. So we have $2,200 billion to work with every year. We spent $700 billion on the bail out. Now we're looking at $819 for a stimulus. That is $1,519 billion. Our nat'l debt is roughly $11 trillion.
Unfortunately when a bank gets 1 billion dollars, due to the fractional reserve system, it can and will legally loan out up to 10 times that amount. So your 1.5 trillion is really the equivalent of 15 trillion once all that money goes through the system. Sinc ethat number is larger than the Total US GDP, it means the USA is bankrupt. The value of the dollar will fall to near 0 as bread costs 50 billion dollars per loaf. It could happen. It is happening right now in Zimbabwe, and it happened in Germany. In fact the hyperinflation of Germany is what allowed Hitler to succeed in taking over the country.
Watch food prices, they will be a predictor of inflation more so than anything else.
misshestermoffitt
New Member
They should not only take pay cuts, but let's stop paying them when they leave office. Ex-presidents too.
I bet 25% of their pay is still more than what we live on in a year.
They want us to tighten our belts, while they just take their belt off and bloat up. It's disgusting.
Wall street workers took their bailout check and turned into bonus checks.
Aig is doing the same thing, took their bailout and is turning it into bonus checks. (average of 1 million dollars per employee)
Bailouts should not be turned into bonus checks. If your company is so broke that you need a taxpayer handout, there should be no bonus, ever again, until every last penny of bailout money has been paid back with interest.
I bet 25% of their pay is still more than what we live on in a year.
They want us to tighten our belts, while they just take their belt off and bloat up. It's disgusting.
Wall street workers took their bailout check and turned into bonus checks.
Aig is doing the same thing, took their bailout and is turning it into bonus checks. (average of 1 million dollars per employee)
Bailouts should not be turned into bonus checks. If your company is so broke that you need a taxpayer handout, there should be no bonus, ever again, until every last penny of bailout money has been paid back with interest.