For the non CPAs - A Stimulus Story

It is the month of August, on the shores of the Black Sea. It is raining,
and the little town looks totally deserted. It is tough times, everybody is
in debt, and everybody lives on credit.

Suddenly, a rich tourist comes to town.

He enters the only hotel, lays a 100 Euro note on the reception counter,
and goes to inspect the rooms upstairs in order to pick one.

The hotel proprietor takes the 100 Euro note and runs to pay his debt to
the butcher.

The Butcher takes the 100 Euro note, and runs to pay his debt to the pig
grower.

The pig grower takes the 100 Euro note, and runs to pay his debt to the
supplier of his feed and fuel.

The supplier of feed and fuel takes the 100 Euro note and runs to pay his
debt to the town's prostitute that in these hard times, gave her "services"
on credit.



The hooker runs to the hotel, and pays off her debt with the 100 Euro note
to the hotel proprietor to pay for the rooms that she rented when she
brought her clients there.

The hotel proprietor then lays the 100 Euro note back on the counter so
that the rich tourist will not suspect anything.

At that moment, the rich tourist comes down after inspecting the rooms,
and takes his 100 Euro note, after saying that he did not like any of the
rooms, and leaves town.

No one earned anything. However, the whole town is now without debt, and
looks to the future with a lot of optimism..

And that, ladies and gentlemen, is how the United States Government
is doing business today.

kinda like the barter system



and no one had to pay the tax

in reality no money really changed hands

It's actually been the way the U.S. Government has been doing business for the last thirty-plus years, starting with the Reagan Administration. It's all been about shifting the economic balance to those who already have too much while screwing over those who don't. It's also been about shifting the labor market overseas just for the sake of "higher profits" which is a misnomer as they really aren't making any "new" money at all- they essentially lowered the bar by cutting down on the "bottom line".

And it's not gonna change, either. It's like the saying goes... "same poop, different flies".

In short the way I see it is- everyone got paid, everyone is happy and that my friend is why so many move to the US or call the US for help.. The funny thing is no one is kept here against their will and so many are allowed to come here and the US gives them money, go figure!

you forgot the interest.

<-- CPA in training.