H.R.1
" American Recovery and Reinvestment Act of 2009"
BAILOUT
No more rumors, No more stories, here it is! Do you AGREE or NOT? Voice your comment.
*Mike Mayo: Will boost to local bail bond industry cost us all?*
BAILOUT
No more rumors, No more stories, here it is! Do you AGREE or NOT? Voice your comment.
*Mike Mayo: Will boost to local bail bond industry cost us all?*
For God's sakes, no. This is a "cure" worse than the disease. Politicians cannot repeal the business cycle, but they can definitely make things worse. Fortunately, whatever emerges from the Senate and the conference between the two chambers will bear very little resemblance to this monstrosity, but doing nothing at all would be preferable.
What happened to the banks and Car companies, tons of pork. Check out page 147, I see the only stimulus is to create more government, more regulation, more control all on the peoples back who pay taxes. Its a penalty for those who do pay tax, its a bonanza to those who dont.
The centerpiece tax cut calls for a $500 break for single workers and $1,000 for couples, including those who don't earn enough to owe federal income taxes.
Democrats now own the government. And all US citizens should be very very afraid as a result. When one political party owns the Senate, the House, the President's office, and the main stream media, there is no system of "checks and balances", there is no questioning of purpose, intent, or action of those in power. They can do anything they want...and, they will. These are truly perilous times.
The Nationalization of Banking Institutions has always led historically to disastrous results. There are a plethora of examples. The Government should have let the banks fail holding the appropriate persons responsible and allow the market to make the resultant adjustments on its own.
This throwing of money at the problem will do nothing but put off the inevitable. We all know what that is. This honeymoon with change will soon come to an abrupt halt with the same pain being inflicted, just at a later point in time.
It's borrowing from Peter to pay Paul, and Paul is gonna what his money back sometime. Prepare for the worst.
Paulson said orignally, if you remember, that unless this package is passed before the asian market opens on Monday, there will be financial armageddon here. Well, it wasnt passed by monday, tuesday or wedsnesday, there was something agreed upon the following weeks weekend. Nothing happened, all scare tactics. Get the people scared, have them turn to the government for the solution, government institutes nationalization which means greater control of the people through debt and the regulation it brings. Think its bad now, just wait.
The critics of current US political-economy. both left and right wing, are correct-all bailouts so far are simply political payoffs to campaign contributors. The solution, both long and short-term, is to eliminate all tax exemptions written secretly into the tax code for individuals and organizations (they are identified in language that applies to only that person or entity), then invest the proceeds for 5 years into a trust account that pays out $15,000 per year, adjusted annually for inflation, to all citizens between 21 and 65 years of age (retaining social security for seasoned citizens). This money could then be used by people to cover life-cycle idiosyncratic risks to income from any source: health, job loss, divorce, household and transportaion repairs, macroeconomic chaos, or anything else that life throws at a person. The funds are retrievable as the person chooses, weekly, monthly, yearly, or in a $50,000 lump sum once every three years. In addition,all income-based taxes for people and entities should be eliminated, replaced with a 5% tax on all transactions recorded and cleared through the banking system, similar to the Automated Payments Transaction tax described by Wisconsin professor Edgar Fiege. This aspect of the policy duality would allow supply of products and services to roughly match the increased demand for same generated by the transfer program previously described, avoiding or mitigating both inflation and the business cycle source of current economic problems we see today. The precise mechanism for the trust-funded aspect of this proposal is based on the Alaska Permanent Fund,which takes monies earned from state-owned oil fields, invests the money prudently in a diverse portfolio worldwide, then pays out yearly half the sums generated to Alaska citizens. In turn, the idea is sub silentio based on the "topsy-turvey nationalization" concept of English economist James Meade, who suggested government purchasing a 50% share of all publicly-traded stock, then paying a "social dividend" out of earnings from those investments. The potential "pension-fund socialism" Peter Drucker feared in such an arrangment would be avoided by the government being prohibited by law from exercising voting rights control in the businesses purchased in part, as is true today in the Federal Reserve's employee pension fund. Under the proposed plan,both conservatives and liberals achieve what they say they desire-ongoing non-paternalistic help for people's income fluctuations for libs, and real incentives to work and invest for conservers. Given Obama's populatity with both citizens and the media today, if he pushed for this, it would be implemented. Of course, human nature suggests that partisans (think Rush Limbaugh and Michael Moore, for example) would not accept a policy that rewards not just themselves but the presumed-evil "other" (we all like hierarchy and competition). But, nonetheless, this is the solution if we really care
ELIMINATE ALL LOBBYISTS FROM APPEARING BEFORE ANY MEMBER OF LOCAL, STATE OR FEDERAL GOVERNMENT FOR STARTERS.
Interesting post. But from all of your others, I thought you just wanted to watch Casey Anthony and Ana Gardiner get it on.
I have a multitide of interests-can't be John Stuart Mill, or even Milton Friedman, all the time. BTW, what do you think of the specifics I outlined?
The Wall Street Journal says Police officers lie? No way!
the fish rots from the head down ....... judges like JAY SPECHLER , robert lance andrews , beverly cohen ,LARRY SEIDLIN , Richard LeFEVOUR , TOM KANGALOS , tom lynch and reggie holzer taught lawyers to steal , while some cops learned to mimic the robed thieves ...... 08-61130 SDFL .
A socialists dream, no stimulus just fundamentally dishonest
Why not just hold people accountable for the decisions they make in life and stop blaming everyone else for their problems?