I believe this is the $250 stimulus check for retired people who are...sm
Posted By: passing thru on 2009-05-16
In Reply to: This is about LAST YEAR'S stimulus - check, the BUSH stimulus check.
drawing Social Security. It is a one-time $250 check out of Obama's stimulus package. It has nothing to do with the stimulus checks sent out during Bush's administration.
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I used the last economic stimulus check
It was costing me about $25 in quarters every time I went to the laudromat. Not to mention gasoline and time spent not typing. I used the $600 to buy myself a portable washing machine (attaches to sink in kitchen when in use) and a portable drier. They use very little electricity. Washer uses very little water (good thing, now that we're in a major drought), and only a teaspoon of detergent per load. So it's nice to no longer have to pay at the pump and at the 'mat!
Lots of ways to cut down costs and giving our money to the government in taxes. I now pay all my bills online. Costs me nothing. Saves me a stamp (the price of which is going up AGAIN this spring), and the use of a check that i had to pay to have printed.
If they want to send me another $400, I'm sure not gonna complain. As a single renter with no kids, I have ZERO tax breaks. Last year, the I overpaid and Calif. OWED me $300. Then they very conveniently 're-figured' my taxes, and sent me a letter saying I actually made LESS MONEY than I had put on my return, and by their calculations, they didn't owe me anything. (???) If I made less money, but still overpaid the same amount in taxes, shouldn't they owe me MORE? Needless to say, if I owe them this year, they might just be getting a $300 IOU. They can spend their bailout money collecting it from me.
Hey gourdpainter, did you send your stimulus check back?
Just wondering.
not retired
I take it you guys are already retired because if you are still working and your retirement is your 401K you can't touch it. Luckily my dh's service provider has a fund that does not really make money or lose money so we moved it there. Mine has nothing like that so I moved it to the least volatile but its a crap shoot.
Dee
You mean kinda sorta like some retired ex-MTs who do the same..
and paint gourds in their spare time?
This liberal is a retired attorney. Not in it for the money.
All she wants is for McCain campaign to denounce the death threats and tone down the rhetoric. Once done, suit withdrawn.
I weighed in with my radical retired Teamster husband
to make sure I get it right. Having been married to me for a number of years, he is fairly well versed in the field of MT. So let's look at unions from that perspective:
Say we have an MT who cherry picks and signs off every time a dictator comes up that she doesn't want to do. Other MTs that have to pick up after this MT complain until the company finally decides to fire this bad MT. Okay, the firing is done. The slacking MT files a grievance with her union. A hearing is scheduled with the Union representative, the company representative, the bad MT and any interested parties may also appear on either side as witnesses...a sort of trial if you will. The company must present all records for the bad MT to day 1 of employment. Co-workers can speak for or against the person. Let's say that the documentation backs up the bad MT firing. She is fired.......end of story.
Another real example: Radical Teamster husband once had a hot-shot supervisor. Husband got so angry one day that he threw a trash can at the supervisor. He was fired. He filed a greviance and was suspended until the hearing. At the hearing the company brought their records of some 20 odd years of hard work and being a good employee, 1 episode of, I think they called it insubordination. Co-workers appeared on behalf of husband. Husband received a reprimand from the union about the trash can throwing incident and went back to his job. Shortly thereafter the company fired the supervisor. Supervisors were not represented by the union and he was fired...period.
Wouldn't it be nice if MTs had someone to stand up for them today?
You have to check and double check every single thing they say. They're not capable of telling t
truth about anything. It's getting very boring and tedious to read their crap. Why won't they stay on their own board like they tell us to do?
stimulus
Where did you get that info from?
Stimulus
The Congressional Budget Office has estimated that eliminating the waiver requirement (which is what Pelosi et AL are talking about) would save $400 million dollars over 10 years. The stimulus package contains short-term and long-term stimuli.
Here's a link, but it wasn't working last time I tried it. It's a pdf so you'll need Adobe Acrobat to read it.
http://change.gov/open_government/yourseatatthetable/2008121
If you Google "CBO stimulus package family planning waiver" you'll find new articles with references to those same figures found in the CBO report.
The stimulus was this big because it has to be BIG.
The reason it has to be BIG is because there are a lot of things that need MONEY!!! It needs to be big to get back on track, and if this doesn't work, your grandchildren will be eating dirt, everything is just that BAD!!! HE HAS TO SPEND A LOT OF MONEY!!! That's the predicament we're in because of the last 8 years. Taxes cut for the rich with 2B going to Iraq every week, we're still paying Iraqis to not shoot us at $250 a week per family, 700B a year for oil, and nothing for us. So goes the Bush agenda which did very well for the rich, but not for you nor me, now we PAY! You can't fight wars, deregulate the banks, cut taxes, etc., and expect it not to bite you in the a@@, and that's where America is now, broke and beaten to a pulp. The gift Bin Laden never thought he'd receive.
Stimulus checks
How many of you enjoyed your Stimulus Checks? I for one loved mine. Think back to what you did with that check? Maybe you paid some bills, bought that CD you have been wanting, maybe a night out with your family to a nice restaurant or even Pizza Hut. A lot of us were able to buy new clothes for our children.
Admit it, it was worth going to the mailbox for. I looked forward to the mail for once.
Senator Obama has pushed for more Stimulus checks immediately for the American people. But who do you think veto'd it? President Bush did. Senator McCain has sided with President Bush 90% of the time. Believe me, you won't be going to the mailbox to find anymore Stimulus Checks in there if you elect John McCain on November 4, 2008.
Stimulus checks
I'm ill, have no health insurance, and if we get another stimulus check, I'll be able to go see the doctor again. (I've been there twice: When I received my income tax refund and when I received the first stimulus check.)
The doctor is pretty far away, and I need to rent a car (with a $250.00 deposit) since my daughter's car is very old and probably wouldn't make the trip. (My car was repossessed when I couldn't afford the payments any more due to being in the hospital so often.)
I hope we get another stimulus check so I can see the cystic fibrosis specialist again. In the meantime, I'm fortunate to have found a good doctor for low-income people in my town. 
stimulus package
Has anyone heard anything about the stimulus stating that if you're white, do not apply?
Stimulus Package
I've read a lot about it on line and decided to get the info from the government itself.
Division B is where the so-called stimulus for us is located. A whole 5 pages or so. The rest is for millions and billions to go to:
Agricultural Research Services, buildings and facilities
Farm Bureau Salaries and Expenses
Natural Conservation Sevices Watershed and flood prevention operations, watershed rehab, fisheries
Rural Development Programs, rural housing services, utilities including distance learning, telemedicine,and broadband program
Bonneville Power Administration
Appropriations Transfer Authority: Department of Energy for `Energy Efficiency and Renewable Energy', `Electricity Delivery and Energy Reliability', and `Advanced Battery Loan Guarantee Program'
Financial Services: GSA, federal building fund,energy efficient government motor vehicle fleet procurement
Then we come to small businesses. Economic Stimulus LENDING for small businesses.
Shall I keep going or does everybody get the jist of this so-called stimulus package?
Stimulus package, etc.
I absolutely agree with you. You are 150% right.
So, In Obama's stimulus there is anything about
Just great. Is that why now Government is taking over the car companies now?
The programs in the stimulus...nm
x
This is about LAST YEAR'S stimulus
Now this makes sense.
Yes, let's all blame W's stimulus
STIMULUS STORY
It is the month of August, on the shores of the Black Sea . It is raining, and the little town looks totally deserted. It is tough times, everybody is in debt, and everybody lives on credit.
Suddenly, a rich tourist comes to town. He enters the only hotel, lays a 100 Euro note on the reception counter, and goes to inspect the rooms upstairs in order to pick one.
The hotel proprietor takes the 100 Euro note and runs to pay his debt to the butcher. The Butcher takes the 100 Euro note, and runs to pay his debt to the pig grower.
The pig grower takes the 100 Euro note, and runs to pay his debt to the supplier of his feed and fuel.
The supplier of feed and fuel takes the 100 Euro note and runs to pay his debt to the town’s prostitute that in these hard times, gave her “services” on credit.
The hooke*r runs to the hotel, and pays off her debt with the 100 Euro note to the hotel proprietor to pay for the rooms that she rented when she brought her clients there.
The hotel proprietor then lays the 100 Euro note back on the counter so that the rich tourist will not suspect anything.
At that moment, the rich tourist comes down after inspecting the rooms, and takes his 100 Euro note, after saying that he did not like any of the rooms, and leaves town.
No one earned anything. However, the whole town is now without debt, and looks to the future with a lot of optimism….
And that, ladies and gentlemen, is how the United States Government is doing business today.
And if that doesn’t scare the ____ out of you then you are brain dead!
The new stimulus payment idea
Have you seen the new stimulus payment idea, 150 billion dollars??? Do you know I looked up and it there is an estimated 304,000,000 (304 million) people in the US. 150 Billion dollar plan? Give us ALL 1 million dollars and it would make sense to me!
the problem is that the stimulus checks are not...
"compliments of Obama." He is not footing the bill. The tax payers are, one way or another. There is no such thing as a free lunch.
Boooo... stimulus package
Is anyone else not happy about this stimulus package? 
McCain won't vote for stimulus as it
Sen. John McCain, Obama's opponent in the November presidential contest, said he did not believe the stimulus package did enough to create jobs.
http://www.msnbc.msn.com/id/28840572/
Stimulus Package breakdown
I know some of you don't like Glen Beck, but he has broken it down by the numbers and provides links so you can check the facts yourself. It sounds okay until you get to the heading: "When is the money going to be spent, and on what?"
http://www.glennbeck.com/content/articles/article/198/20639/
What! The current stimulus plan
I heard about Hollywood wanting money and I did not believe it, but furniture? You gotta be kidding me! Can I have a new couch too and a new desk for my computer?
The GOP want to get rid of:
Meanwhile, House Republican leaders put out a list of more than 30 "wasteful" provisions in the Senate version of the stimulus, including:
• A $246 million tax break for Hollywood movie producers to buy motion pictures
• $650 million for the digital television (DTV) converter box coupon program
• $248 million for furniture at the new Department of Homeland Security headquarters
• $600 million to buy hybrid vehicles for federal employees
• $1 billion for the 2010 Census
Maybe their payment of taxes is all the stimulus...
$$ we need? Makes one wonder, doesn't it????
Stimulus versus tax cuts
Stimulus means SPENDING
Non-refundable tax rebates means every $1.00 spent creates $1.02 in economic activity. 2 freaking cents (makes sense to the pubs.....I guess)
Infrastructure - every dollar spent equals $1.59 in economic activity (bridges, roads, etc.)
Food stamps (which the pubs want to cut out of the bill) - every dollar spent equals $1.73 in economic activity. This is the single most productive stimulus we have. Food stamps will get SPENT, unlike tax rebates.
If the pubs have their way, the bill will be 42% tax cuts which will not benefit job creation or improve the economy. They want to fail. Why? And you all call your senators to support this? If it gets pushed through like this, you have only yourselves to blame when everything goes to helll. You can't blame Obama for this cluster.
Yeah, the junk in that stimulus is really
nm
Stimulus package -- what the pubs want..(sm)
http://video.google.com/videosearch?hl=en&q=pete%20sessions%20taliban&um=1&ie=UTF-8&sa=N&tab=wv#
Disagree. This WASTEFUL stimulus is likely
nm
Stimulus package could be hazardous to your
health. Take a look at this little hidden jewel.
http://www.bloomberg.com/apps/news?pid=20601039&refer=columnist_mccaughey&sid=aLzfDxfbwhzs
Stimulus is 'anti-religious'
Former Arkansas Gov. Mike Huckabee warned supporters Tuesday that the $828 billion stimulus package is “anti-religious.”
In an e-mail that was also posted on his blog ahead of the Senate’s passage, Huckabee wrote: “The dust is settling on the ‘bipartisan’ stimulus bill and one thing is clear: It is anti-religious.”
The former Republican presidential candidate pointed to a provision in both the House and Senate versions banning higher education funds in the bill from being used on a “school or department of divinity.”
“You would think the ACLU drafted this bill,” Huckabee said. “For all of the talk about bipartisanship, this Congress is blatantly liberal.”
“Emily’s List, radical environmental groups, etc. all have a seat at the decision making table in Washington these days,” he continued. “Nancy Pelosi and Harry Reid are in charge and they are working with an equally ‘progressive’ President Obama (remember his voting record is more liberal than Ted Kennedy!).”
In the e-mail, Huckabee concedes that there is little that conservatives can do in the near term, but advocated mobilization to defeat those “masquerading as ‘conservative Democrats.’”
“This is the opening round of the Democrats’ campaign for big government,” he wrote. “We cannot afford to sit round one out, because if we do, they will only become more emboldened and their grab for power more audacious and damaging to our country and our freedoms.”
So agree with you. It is a spending stimulus.
No social security, nothing for the future but debt. I bet a country will be ready to buy us soon. Probably China, Iran, and Russia just waiting to buy us and take over. Shoot, probably it is in the stimulus bill because NOT ONE PERSON HAS HAD TIME TO READ IT AND GOVERNMENT PASSED IT. HOW STUPID!!!!!!!!
Another CNN reporter says stimulus a sorry spectacle.
Commentary: Stimulus bill a sorry spectacle
* Story Highlights
* Jack Cafferty: 1,073-page bill was passed before Congress could read it
* He says Congress violated pledge to make it public 48 hours before vote
* Cafferty: Some provisions enable leaders to grab pork for their districts
* He says the tax cuts in the bill may be too small to get the economy moving
By Jack Cafferty
CNN
Decrease font Decrease font
Enlarge font Enlarge font
Editor's Note: Jack Cafferty is the author of a new book, "Now or Never: Getting Down to the Business of Saving Our American Dream," to be published in March. He provides commentary on CNN's "The Situation Room" daily from 4 to 7 p.m. You can also visit Jack's Cafferty File blog.
Jack Cafferty
Jack Cafferty says the House violated a pledge to make stimulus bill public 48 hours before vote.
NEW YORK (CNN) -- What a joke. Your Congress has voted to spend almost $790 billion of your money on a stimulus package that not a single member of either chamber has read.
The 1,073-page document wasn't posted on the government's Web site until after 10 p.m. the day before the vote to pass it was taken. I don't care if you're Evelyn Wood, you can't read almost 1,100 pages of the lawyer talk that makes up all legislation in eight or 10 hours.
The criminal part of this boondoggle is divided into two parts. The first is the Democrats promised to post the bill a full 48 hours before the vote was taken to allow members of the public to see what they were getting for their money. Both parties voted unanimously to do this ... and they lied.
It didn't happen. Why am I not surprised? Congress lying to the American people has become part of their job description. They can't be trusted on anything anymore.
I'm sure part of the reason there was no time for the public to read the bill was the 11th-hour internecine warfare between House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid.
When Reid first announced the compromise had been reached, Nancy Pelosi was nowhere to be seen. And it would take an act of God for this egotistical, arrogant woman to miss a photo op where she could take credit for anything. But she wasn't there.
She summoned Reid to her office, where unnamed sources said she blew her top over some provision for schools that she wasn't happy with. Pelosi's snit delayed everything.
Don't Miss
* Cafferty: You can blame Pelosi for stumbles
* The Cafferty File: Join the conversation
* Jack's new book: "Now or Never"
* In Depth: Commentaries
It's really too bad President Obama couldn't figure out a way to jettison these two who are poster children for everything that is wrong in Washington. The Associated Press called the birth of the stimulus bill "sausage making" in the best tradition of Washington politics as usual.
The second part of the crime is the contents of the bill itself. Far from being only about jobs, infrastructure and tax cuts as promised, the stimulus bill stimulates a bunch of other stuff as well. Eight billion dollars for high-speed rail lines, including a proposed line between Las Vegas and Los Angeles. This little bit of second story work wasn't even in the House version of the bill.
It started in the Senate as a $2 billion project, and came out of the conference committee costing a whopping $8 billion. Gee, now who would that benefit? Oh yeah, the Senate majority leader is from Nevada.
Filipino veterans, most of whom don't live in the U.S., will get $200 million in compensation for World War II injuries. And: $2 billion in grants and loans for battery companies, $100 million for small shipyards and a rollback of the alternative minimum tax at a cost of some $70 billion.
The AMT provision is much-needed legislation, but it doesn't belong in the stimulus bill. It forced other things out so Congress could keep to its self-imposed $800 billion cap.
And when it comes to the tax cuts contained in the stimulus bill, experts have determined they will amount to about $13 per week after taxes for the average American. I'm not sure how much stimulation $13 a week buys. It depends on the neighborhood.
The biggest problem of all is the stimulus bill may not be nearly enough. And if the president has to come back asking for more, the next time might not be so easy.
So far, we have an anemic stimulus bill and some sort of vague proposal from the secretary of the Treasury to deal with the banking crisis -- a proposal that landed with a thud last week -- as the two first steps toward solving a financial crisis that is threatening to take down the country.
Obama better step up his game, or it's going to be a short four years in office.
Another CNN reporter says stimulus a sorry spectacle.
The line I find funniest: "He says the tax cuts in the bill may be too small to get the economy moving."
No one in the world thinks tax cuts can get the economy moving (although plenty of pundits get paid to say they do). Removing all taxes on everyone would *still* be too small. Tax cuts are a pointless, ineffective gesture. (And of course, he doesn't say what the little bullet point says he says!)
The line I find correctest: "The biggest problem of all is the stimulus bill may not be nearly enough."
It's too early to say they blew it, but dear god, it looks like they blew it. The one time we really require the congress to blow some massive money...and they get all stingy. Where was all this fiscal responsibility back during the Bush era?
Who wrote the stimulus bill, do you know?...
//
Healthcare provision in stimulus package
Apparently this was added in at the last minute by an unknown. I heard bits and pieces about this today in between working, but never really got the whole story. Did anyone get the whole story?
Wondering where the money is coming from for this stimulus?? sm
and then saw this - http://www.youtube.com/watch?v=Ulp_96DYiqg
Ron Paul on the stimulus bill today sm
"The American people will wake up out of necessity." I sure wish there were more like him looking out for us.
http://www.youtube.com/watch?v=7hlszHekH6I
Obama signs the stimulus in Colorado
around 2:40 ET. Then off to Phoenix for a couple of nights and then to Canada. Sure loves to travel in Air Force One and still on a promotional tour. I bet he sure misses campaigning.
http://www.c-span.org/
Pres. Obama Promotes Stimulus Plan
Today
Pres. Obama signs the Economic Stimulus bill in Denver, Colorado, this afternoon. His promo-
tional tour for the $787 billion plan then takes him to Phoenix, Arizona, where he will stay the night. On Thursday, he travels to Canada, to discuss economic issues with Prime Minister Stephen Harper.
Obama signs the stimulus in Colorado
around 2:40 ET. Then off to Phoenix for a couple of nights and then to Canada. Sure loves to travel in Air Force One and still on a promotional tour. I bet he misses campaigning.
http://www.c-span.org/
Pres. Obama Promotes Stimulus Plan
Today
Pres. Obama signs the Economic Stimulus bill in Denver, Colorado, this afternoon. His promo-
tional tour for the $787 billion plan then takes him to Phoenix, Arizona, where he will stay the night. On Thursday, he travels to Canada, to discuss economic issues with Prime Minister Stephen Harper.
Obama signs the stimulus in Colorado
around 2:40 ET. Then off to Phoenix for a couple of nights and then to Canada. Sure loves to travel in Air Force One and still on a promotional tour. I bet he misses campaigning.
http://www.c-span.org/
Pres. Obama Promotes Stimulus Plan
Today
Pres. Obama signs the Economic Stimulus bill in Denver, Colorado, this afternoon. His promo-
tional tour for the $787 billion plan then takes him to Phoenix, Arizona, where he will stay the night. On Thursday, he travels to Canada, to discuss economic issues with Prime Minister Stephen Harper.
Granted, the stimulus bill will help alleviate.......sm
our dependency on foreign oil. However, the green plans will take quite a bit of time to institute and will not completely replace gas and oil. Some people will not be able to afford new automobiles that run on green fuel or hybrid vehicles; I know I can't. As far as the foreign oil, that may be a moot point anyway if OPEC terminates our contracts in March and we start getting the leftovers instead of a regular supply. This was discussed below.
True, we will pay taxes no matter what, but the amount of those taxes over the course of our lifetime as well as that of our decendents for possibly generations to come will far outweigh the overall benefit of this package to the average tax payer. I personally don't play disc golf and I have no need of dog park.
I sure hope you have deep pockets and can afford both to pay your taxes and be able to eat as the economy circles the drain of government overspending and out to the cesspool of government programs.
GOP governors: Stimulus May Hurt in the Long Run
Of course, that doesn't stop my governor from taking the temporary money, probably raising our taxes after the states have to fend for themselves. As he said, he doesn't care. Know why? It's his last term. He's going to let the next governor be the bad guy. We've been suffering since he became governor. He juggles the money all the time, yet the people of this state do not see any relief. He promised property tax relief after the casinos were up and running. We have yet to see a dime of it.
"I'm not sure that we can, over the long run, cope with the high unemployment compensation standard that this mandates for states," Pennsylvania Gov. Ed Rendell, the head of the National Governor's Association, told "Fox News Sunday."
"But I don't care. My people are suffering," he added. "They need that extra money. And right now that's paramount in my mind."
http://www.cnn.com/2009/POLITICS/02/22/stimulus.governors/index.html?iref=mpstoryview
Is this under the stimulus plan or is this a state thing?
Did the Obama stimulus stipulate this expenditure?
I agree, doesn't make much sense either way except maybe if liquor store employees are more courteous, they might get more business and need to hire more help...
or maybe they are creating jobs for courtous liquor teachers!!! Hey that might be a good alternative to MTing!!
Congress now looking at THIRD stimulus package...yippie!!! More of .
))
Those were economic stimulus checks...a one-time deal.
what Obama is proposing is NOT a one-time deal. It will be part of the tax code. BIG difference.
Stimulus plan...the short version....no one talks about....
Obama: I'm going to give you a one-time $500 tax rebate check.
I'm also going to give those people who don't work for a living, or pay into the system, a $500 check too.
Oh, did I forget to mention.....
You're going to owe the govt. $10,000 in taxes, once I can get away with asking you all to foot the bill for my stimulus package.
Stimulus plan...the short version....no one talks about....
Obama: My trillion dollar stimulus package, very dire, we must do something NOW, right now, before it gets worse. Therefore I'm going to......
I'm going to give you a one-time $500 check.
I'm also going to give those people who don't work for a living, or pay into the system, a $500 check too.
Oh, did I forget to mention.....
You're going to owe the U.S. govt. $10,000 in taxes, once I can get away with asking you all to foot the bill for my stimulus package.
Obama’s Stimulus Package: A Pricey Experiment ..sm
I am especially concerned with the question and comparison regards to homeowners in the second to the last paragraph.
Obama’s Stimulus Package: A Pricey Experiment
By Andrea Tantaros
Republican Political Commentator/FOXNews.com Contributor
President-elect Barack Obama is prepping to jam another massive stimulus plan down our throats. Lately the president-elect has been hitting the media circuit to sell this monstrosity and each time he launches into his pitch he proves that what he lacks in actual specifics he makes up for in vocabulary. But is this bloated bill just a ruse for another big, federally funded bailout for struggling states?
Obama
According to Obama, his road and sewer stimulus package would pump billions into things like “infrastructure” and “green jobs.” Wait a minute, nobody is saying that the failure to spend over $700 billion on roads and sewers created this mess, and no one saying that new sewers will get us out of it. Obama has insisted that we must invest in what works. How do we know green jobs will work and provide a return? We don’t. And it’s quite a pricey experiment to find out.
What’s most troubling is the notion that more taxpayer money is heading right for states that are in the red. Just a few weeks ago, governors and mayors made their way to Washington, DC to hound Obama for a handout. Now mayors across America have submitted over 11,000 proposals for some bailout cash including one to fund a mob museum in Vegas. Talk about a real gamble in Sin City. Is Tony “The Ant” Spilotro really our best bet?
Take New York for example, a state that’s in financial ruin. The Empire State is facing a $15 billion budget deficit. Why would we encourage a state that spent itself into disaster to spend more? There are workers already repairing sewers and roads around the Big Apple and America. Will Obama give money that will be spent on existing jobs or hire thousands of new sewer workers?
According to Obama, “only government can break the vicious cycles that are crippling our economy…where an inability to lend and borrow stops growth and leads to even less credit.” What our future president doesn’t understand is that the vicious cycles were caused by the government through the creation of Fannie Mae and Freddie Mac, and the refusal to regulate, in part because there was a belief that a regulation would prevent the prosperity associated with owning a home. How do we expect government to be part of the solution? According to CNBC we have allocated 7 trillion to fix our economic crisis and there is $300 billion currently left in TARP. Is that not enough?
Obama is refusing to ask the same question that homeowners didn’t answer when the mortgage mess was going on: Can we afford to borrow this money? At some point we are mortgaging our national security by letting developing countries buy our debt. The more we spend the less we have to spend on our national defense. What if China develops a distaste for buying our debt? Maybe refusing to borrow more money might be the best thing for us. Sort of like the way parents cut off a frivolous child’s allowance.
On the campaign trail Obama campaigned for balanced budgets. This might be his first broken promise. While we wait to hear answers about what this massive deficit spending will do to our currency, to inflation and to our national security even Obama admits that his recovery plan alone will not solve all the problems that led us into this crisis. (So why are we doing it??) I’ll tell you what, for a trillion dollars, it better.
http://foxforum.blogs.foxnews.com/2009/01/13/tantaros_stimulus/
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