Wednesday, August 11, 2010

Stimulus Works!

Congress has returned early from their summer vacations to spend more money, twenty six billion dollars to be exact.

It is claimed that for every dollar spent on a stimulus style program for instance extending unemployment benefits returns $1.64 per dollar spent. Tax cuts delivered a mere $1.02 per dollar making them the least effective return on government spending.

If this were the case on unemployment benefits why can't every employer fire everyone so we can spend our way out of this recession/depression? Why stop at twenty six billion dollars when we can spend ten trillion dollars and earn .62 cents on every dollar?

Here is why, the government as an entity doesn't bring in any income that doesn't come from someone who has earned their pay. The government isn't a business that earns revenue. They are a leach that sucks the lifeblood from people who work for a living in the form of taxes.

Obama's America is one where anyone who has worked hard for a living has done it in an unfair way and must have their money taken from them by threat of the IRS and given in the form of handouts to those who didn't earn that money.

My America is where if you earn your money, you keep your money and it's your choice to help someone less fortunate. You can hire them, give them a helping hand up, or even if the situation is dire enough you can give them a handout. Your choice.

Congress is back to spend twenty six billion dollars that we don't have. This is on top of the massive 700 billion dollar stimulus package that was passed that we had to so unemployment wouldn't rise above 8.8%. We are now sitting at 10% and no signs of improvement.

The only way out now is to raise taxes to such a degree that everyone will hurt more. Let's see if Obama sticks to his pledge that if you are a family making 250,000.00 per year your taxes will not be raised by one dime. Remember that pledge? Yeah in January it's history when the Bush tax cuts expire.

What are corporations? Corporations are made up of people, people who take their kids to school and corporations who make things people buy. Chances are you work for a corporation, your coworkers are those people.

The capital gains tax will go up if the tax cuts expire, meaning more of a tax liability on corporations, meaning they will cut people to meet that liability, your coworkers or you could be cut.

But you should be happy about that because then you'll be able to contribute more to the economy and give .62 cents on every dollar that the government gives you to spend and get us out of this recession/depression faster:)

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