I got a letter from the IRS today »
Posted By populist 4 months, 1 week ago in Business & Financebecause the government was already running a deficit, its outlays for the stimulus payments must all be covered by borrowing, which means that the public debt will rise by the full amount of the payments. And guess who will be responsible for servicing that additional debt and paying it off when it matures.
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nostalgia4 months, 1 week ago
Did you miss this?
April 4 Pelosi pushes Bush for 2nd stimulus bill
Pelosi and other House Democratics are calling on Pres. Bush to work with Congress on another stimulus package.
"Today's disturbing unemployment numbers and threats to our standard living because of the rising costs of gas, groceries and health care compels the President to work with Congress on a 2nd stimulus package to get our economy back on track, create jobs, and speed assistance to families struggling to make ends meet," Pelosi said.
A House GOP aide said it's too early to talk about another stimulus bill. "It's still a couple of weeks until the checks from the last stimulus bill hit people's mailboxes. If the Democrats have ideas on things to help the economy we're happy to talk to them, but we see no need for additional legislation at this point."
http://politicalticker.blogs.cnn.com/2008/04/04...
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gbilly08Comment removed: User banned.
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1-2-Oscar4 months, 1 week ago
Insanity has been endemic in congress for more than a half-century. In good times, however, the profligate spending of "public servants" eager to assure their own re-election is constrained by a more temperate executive. But now the executive branch seems to have abandoned all pretense of good judgment, and actually proposes MORE borrowing and spending, not less.
Weep for the Republic.
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quackpot4 months, 1 week ago
This simple view neglects the difference in income tax revenues that are produced by a thriving economy rather than a faltering economy. This difference is likely to be FAR more than the cost of the stimulus.
The real problem is Bush's MASSIVE increase in the national debt during times of relative prosperity, not the current stimuli.
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