Topic: Taking Apart the $819 billion Stimulus Package
yellowrose10's photo
Wed 06/10/09 12:04 PM
I'm just curious as to what people think about this, because I'm far from an economics expert

*********************************************************************

Taking Apart the $819 billion Stimulus Package
The centerpiece of President Obama's domestic agenda is an $819 billion economic stimulus plan. The Senate will consider the measure this week, with an eye toward the amount of tax cuts and spending. Republicans and Democrats spar over what to consider a tax cut. An analysis by the nonpartisan Congressional Budget Office tallies the tax-cut portion to be significantly less than the one-third Democrats claim it to be.


**please see the charts with it

http://ow.ly/dHM

DaveyB's photo
Wed 06/10/09 12:46 PM
Edited by DaveyB on Wed 06/10/09 12:47 PM
Yeah I'm not too keen on they way a lot of this money is being "spent", far too much of it is going toward things that I really don't believe is going to stimulate much of anything.

But in all fairness before we say too much about how it's not working we really do need to wait for the money to be spent. So far only a very tiny percentage of that money has been handed out.

http://www.recovery.gov/?q=content/report-progress

yellowrose10's photo
Wed 06/10/09 12:58 PM
drinker Davey....trying to get feed back

DaveyB's photo
Wed 06/10/09 01:03 PM

drinker Davey....trying to get feed back


What kind of feedback... thought I just gave you some bigsmile

yellowrose10's photo
Wed 06/10/09 01:04 PM
lol i meant many sides...dork

metalwing's photo
Wed 06/10/09 01:05 PM
Good job Rose. I need a little time to digest this.

yellowrose10's photo
Wed 06/10/09 01:05 PM

Good job Rose. I need a little time to digest this.


wait an hour before swimming bigsmile

DaveyB's photo
Wed 06/10/09 01:50 PM
Edited by DaveyB on Wed 06/10/09 01:50 PM
Looking over the article a little more I'm not that unhappy about what they are complaining about. Tax cuts tend to favor those that need it the least. Traditionally that's been a very poor method of putting money into the economy. So if there are a few less than what the president wanted I'm not bothered.

AndrewAV's photo
Thu 06/11/09 07:24 AM

Looking over the article a little more I'm not that unhappy about what they are complaining about. Tax cuts tend to favor those that need it the least. Traditionally that's been a very poor method of putting money into the economy. So if there are a few less than what the president wanted I'm not bothered.


Directly, yes... but really, much of the poor (actually anyone below the poverty line) do not pay federal income taxes anyway. It's only basic logic that those paying the most save the most.

However, trickle down is real. Whether anyone likes to admit it or not, helping the wealthy helps everyone. helping the poor at the expense of the rich just hurts the middle who has to put up with the added costs placed on them from those from above while not being eligible to receive what those on the bottom are getting.

I'm disappointed greatly. Not only by the fact we even have this crap stimulus package, but the fact that they've still only sent out a very small, still single-digit percentage of the package. We are starting to hit a plateau... I think all this spending is just going to push us back off the edge.