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Old 01-24-2008, 04:07 PM #22
berry_wendel
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This.
is that like a qft?
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Old 01-24-2008, 04:10 PM #23
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is that like a qft?
Yar!
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Old 01-24-2008, 05:05 PM #24
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Originally Posted by Furious Ge0rge View Post
If I'm not wrong, these tax 'breaks' are supposed to stimulate the economy where it needs stimulation; at the bottom. It's obvious making a living in this country in the lowest echelon is impossible. If you really think giving families $1,200 a year is going to help them, you're wrong. They'll spend it, sure, but what happens next year? The fact is, many of them are living pay check to pay check, the last thing they need to do is get the idea that the Government is going to give them money every time the economy is in a tough spot. If the Government wants to fix the issue in the lower class, maybe they should invest in affordable housing. Coming from a single-mother household that has benefited immensely from a similar welfare program, I can say it works. Living pay check to pay check, paying rent each month and putting $20 in the bank for 'savings' is what's killing the lower class, and denting the economy. Cost of living goes up in virtually every area [Food, Energy, Utilities], yet, wages remain stagnant. I'm no longer a socialist, but I also think it's unfair for the price of living to skyrocket, and to be making the same amount of money you did 10 years ago.

You act like this is a welfare program. It's not. It's a tax rebate. The government is letting families keep part of the taxes that they have paid in the last year. It's the same as lowering tax rates. It's not a government hand-out.

It also has nothing to do with helping out "the poor". It's to stimulate the economy into what the government considers the "proper" rate of growth.
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Old 01-24-2008, 05:13 PM #25
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yea im gonna see money back!!!

o wait 98% of ST already gets everything back
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Old 01-24-2008, 05:15 PM #26
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Originally Posted by berry_wendel View Post
yea im gonna see money back!!!

o wait 98% of ST already gets everything back
Yes, but I make over 3,000 grand a year, I'm gonna get some monies.
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Old 01-24-2008, 05:18 PM #27
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Yes, but I make over 3,000 grand a year, I'm gonna get some monies.
dank. guess ill be adding it to my cd
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Old 01-24-2008, 05:28 PM #28
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i'll be getting the 1200 and i already informed the wife it will go to paying down our debt, so technically i think i will be hurting the economy by paying off debt and not spending it on a new TV.......
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Old 01-24-2008, 05:33 PM #29
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i'll be getting the 1200 and i already informed the wife it will go to paying down our debt, so technically i think i will be hurting the economy by paying off debt and not spending it on a new TV.......
No. You're still paying the company that you owe money to. It's still stimulating the economy. No matter what you do with the money, the fact that you have that money, will affect the economy.

Even if every family saves the money from this rebate, it will create a surplus of loanable funds, which will lower interest rates. Business will borrow and invest more, people will in turn spend more.
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Old 01-24-2008, 05:35 PM #30
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Originally Posted by graysonp View Post
No. You're still paying the company that you owe money to. It's still stimulating the economy. No matter what you do with the money, the fact that you have that money, will affect the economy.

Even if every family saves the money from this rebate, it will create a surplus of loanable funds, which will lower interest rates. Business will borrow and invest more, people will in turn spend more.
good point, didn't think of it that way....
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Old 01-24-2008, 08:44 PM #31
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Originally Posted by Furious Ge0rge View Post
If I'm not wrong, these tax 'breaks' are supposed to stimulate the economy where it needs stimulation; at the bottom. It's obvious making a living in this country in the lowest echelon is impossible. If you really think giving families $1,200 a year is going to help them, you're wrong. They'll spend it, sure, but what happens next year? The fact is, many of them are living pay check to pay check, the last thing they need to do is get the idea that the Government is going to give them money every time the economy is in a tough spot. If the Government wants to fix the issue in the lower class, maybe they should invest in affordable housing. Coming from a single-mother household that has benefited immensely from a similar welfare program, I can say it works. Living pay check to pay check, paying rent each month and putting $20 in the bank for 'savings' is what's killing the lower class, and denting the economy. Cost of living goes up in virtually every area [Food, Energy, Utilities], yet, wages remain stagnant. I'm no longer a socialist, but I also think it's unfair for the price of living to skyrocket, and to be making the same amount of money you did 10 years ago.
When people stop buying homes for $40-50,000 more then it was worth just 6 months ago, housing costs will come down. The recent housing surge has created a dramatic effect on young, new homebuyers as far as cost of living is concerned. This would either add to inflation or (as it has) cause a severe market "readjustment". I'd like to wait on this before starting government run home projects (like the ones that have failed numerous times in cities) and watch how the market readjusts.

I'd also like to say a big THANK YOU to those people who are financially inept and can't figure out how much it costs to own a home before buying one. Your complete disregard for your own money made the feds drop interest rates, which means I can possibly refi on my home and save a few thousand dollars.
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Old 01-24-2008, 08:57 PM #32
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I'd also like to say a big THANK YOU to those people who are financially inept and can't figure out how much it costs to own a home before buying one. Your complete disregard for your own money made the feds drop interest rates, which means I can possibly refi on my home and save a few thousand dollars.
hells yeah!!! i am looking to pick up one that someone is about to loose when my debt is paid off......
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Old 01-24-2008, 10:22 PM #33
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hells yeah!!! i am looking to pick up one that someone is about to loose when my debt is paid off......
DITTO! There is a house on an acre here that is being foreclosed on. My Dad is going to bid on it!

As far as the money thing...I am looking at fat free money....both my wife and I work and I have two kids.....YEAH BABY!
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Old 01-24-2008, 11:00 PM #34
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DITTO! There is a house on an acre here that is being foreclosed on. My Dad is going to bid on it!

As far as the money thing...I am looking at fat free money....both my wife and I work and I have two kids.....YEAH BABY!
Bastard... Do co-dependant dogs count as children? I think one has a mental illness, does that get me more cash?
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Old 01-25-2008, 01:57 AM #35
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Government is giving money back because our nation is going into a recession...according to experts. Tax cuts are bad for the economy, but good for politicians. You paying the government less money and the government spending the same amount is highering the national debt....which is 9.1 Trillion...which you know..is bad. The stock markets were down 300 pts 2 days ago..but then rose 600 pts...now were 300 pts ahead....This is not good when it jumps like that. Also, the Federal Reserve lowered interest rates.. Which has the tendency to cause inflation if other economic factors happen..... I forsee a recession coming soon....
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Old 01-25-2008, 02:03 AM #36
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Government is giving money back because our nation is going into a recession...according to experts. Tax cuts are bad for the economy, but good for politicians. You paying the government less money and the government spending the same amount is highering the national debt....which is 9.1 Trillion...which you know..is bad. The stock markets were down 300 pts 2 days ago..but then rose 600 pts...now were 300 pts ahead....This is not good when it jumps like that. Also, the Federal Reserve lowered interest rates.. Which has the tendency to cause inflation if other economic factors happen..... I forsee a recession coming soon....
You have little to no knowledge of economics, I'm going to leave it at that.
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Old 01-25-2008, 02:09 AM #37
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You have little to no knowledge of economics, I'm going to leave it at that.
Thats pretty much why I have a 105% in Economics. Maybe our teacher is wrong...because he has a degree in Finance and Economics and all.... But you know..You are obviously the expert here...
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Old 01-25-2008, 02:25 AM #38
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Thats pretty much why I have a 105% in Economics. Maybe our teacher is wrong...because he has a degree in Finance and Economics and all.... But you know..You are obviously the expert here...
Tax cuts have already been shown within this administrations time frame to help economic rebound and prevent recession. Please explain this then?
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Old 01-25-2008, 02:38 AM #39
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Thats pretty much why I have a 105% in Economics. Maybe our teacher is wrong...because he has a degree in Finance and Economics and all.... But you know..You are obviously the expert here...
Dude, I am an econ major with a 4.0 and passed the two hardest quantitative classes in my school with A+'s, so please don't pull out that ****, yet while I am hardly an expert in the field I can tell you two things.

Tax cuts are good for the economy as taxes are inefficient and decrease economic growth, all they are good for is providing is equity and public goods.

Also, in times where monetary policy is ineffective in jump starting the economy, ie now. Fiscal policy is extremely effective due to a near horizontal LM curve. And if you don't know what that means. Go ask your teacher.

Yes, increasing the money supply and increasing spending, which a tax cut essentially does increases inflation, but fiscal policy is needed at this point as the economy needs to grow, were these tax cuts to continue without proper restructuring of the budget it would be bad for the economy, but at the moment the country needs a good kick in the *** to get it going.
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It is no crime to be ignorant of economics, which is, after all, a specialized
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Old 01-25-2008, 03:54 AM #40
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It's another failure by George Bush to fix the American Economy which he destroyed with unjust war and bad diplomacy. They should have called it "No taxpayer left behind". To bad Clinton can't run again. Then there would be some good jobs in America again.
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Old 01-25-2008, 05:39 AM #41
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It's another failure by George Bush to fix the American Economy which he destroyed with unjust war and bad diplomacy. They should have called it "No taxpayer left behind". To bad Clinton can't run again. Then there would be some good jobs in America again.
Did you not just read the thread?
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Old 01-25-2008, 07:17 AM #42
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Did you not just read the thread?
A tax rebate for each American Taxpayer will not fix the economy. To stop wasting our budget on Iraq and repairing our destroyed global image and diplomacy would be a good start.
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