My favorite is the Making work Pay tax credit. We pay their SS and medicare payroll taxes (our payroll taxes are taxed) but recipients of credit are still entitled to full benefits, but our benefits are taxed.
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Even this non-economist can understand that increasing taxes and selling tax-exempt bonds automatically reduces the pool of funds available for private investment. It’s as though these people think money really can be printed in the Mint basement with an adverse effect, and that government bond purchasers would otherwise stuff their money into mattesses when they can’t buy bonds. All this does is make government the extremely expensive middleman of the exchange between producers and investors.
If there is no economic growth there is no tax revenue to pay for this so Obama is playing a dangerous game. At some point Obama will stop talking down the economy (after he gets what he wants) and will have to start talking it up, about how he saved it from republicans. He will need us to spend again enough to pay taxes.
Meanwhile Peter Schiff was in Saudi Arabia telling them they are crazy to loan anymore money to the US government, that our current spending trajectory shows we never plan on paying back the debt, just refinancing more and more, and eventually printing it away. I don't know if they have a choice, many say they dont.
WTF?
Is that where they plan to bury the bodies of those who do not conform?
$75 million for the Smithsonian Institution.........
For construction of a new wing celebrating the glory of Obama
$125 million for the Washington, D.C. sewer system...
....because of the never ending bullsh*t coming from congress
This is the point we need to keep hammering on. The stimulus defenders say plans the reason previous spending plans failed is that they were not 'big enough'. Well, if that were true, then the economy would have gotten a little better, it wouldn't have gotten worse.
Obama seems to be using fear that the package won't get passed while admitting that there is a chance it might not work. Well, what about the very real fear that it will actually MAKE THINGS WORSE?
Federal Employees are union members. This whole bill was a targeted pork project to pay back union members for the big win. Remember the fact that federal employees are not subject to the same rationalized health care that the rest of us will have, nor do they pay into social security.
The looters have taken over the Treasury and are doubling down on our credit cards...
$10 million to fight Mexican gun-runners
What the hell does this mean???
Absolutely nothing...
And a waste of money...Oh wait...I forgot...Government IS waste...
Muh bad...
The Democrats are rewarding their do-nothing voters for their vote with your money. Wonderful, huh? Prichard is presently on the verge of bankruptcy again.
It’s weird when one’s only hope for stopping this is global economic meltdown so they just won’t have the money for any of it.
$180 million for construction of Bureau of Land Management facilities $500 million for wildland fire management $110 million for construction for the U.S. Fish and Wildlife Service $522 million for construction for the Bureau of Indian Affairs $412 million for Centers for Disease Control headquarters $500 million earmark for National Institutes of Health facilities in Bethesda, Maryland $100 million for constructing U.S. Marshalls office buildings $300 million for constructing Federal Bureau of Investigation office buildings
And I wonder who's districts these plums are going to??? I'll tell you who's NOT going to get any return favors - Obama. My guess is there's few to zero "plums" for Chicago. Isn't the Bureau of Indian Affairs almost a revolving door "contribution"? Obama's being rolled.