Remaining Stimulus Money

[Patranus]

Remaining Stimulus Money
What would do more to boost the Economy?

Return Money to Taxpayers: 72% (IE Tax Cuts)
Government Spending Money: 19%

Return Money to Taxpayers
All: 72%
Democrat: 59%
Republican: 87%
Independent: 70%

http://www.foxnews.com/story/0,2933,539298,00.html

So a MAJORITY of Democrats, a MAJORITY of Republicans, and a MAJORITY of Independents think that they money that hasn't been spent shouldn't be spent....and should be returned to the taxpayer.

 

[JSt0rm]

shwat?

 

[marincounty]

The stimulus money is borrowed, and most people want it returned to them?

How about not spending it at all?

This just shows the stupidity of most Americans. Notice how 87% of the Republicans want it returned to them.

 

[xj0hnx]

Originally posted by: marincounty
The stimulus money is borrowed, and most people want it returned to them?

How about not spending it at all?

This just shows the stupidity of most Americans. Notice how 87% of the Republicans want it returned to them.

Notice how it doesn't say how many people of each affiliation were polled?

 

[woodie1]

Originally posted by: marincounty
The stimulus money is borrowed, and most people want it returned to them?

How about not spending it at all?

This just shows the stupidity of most Americans. Notice how 87% of the Republicans want it returned to them.

When people want it returned to them could return it mean repay the government?

 

[nobodyknows]

Originally posted by: xj0hnx

Originally posted by: marincounty
The stimulus money is borrowed, and most people want it returned to them?

How about not spending it at all?

This just shows the stupidity of most Americans. Notice how 87% of the Republicans want it returned to them.

Notice how it doesn't say how many people of each affiliation were polled?

Are you implying that FOX is biased against republicans?? :laugh:

 

[Athena]

Originally posted by: marincounty
The stimulus money is borrowed, and most people want it returned to them?

How about not spending it at all?

Agreed.

 

[bamacre]

Originally posted by: xj0hnx

Originally posted by: marincounty
The stimulus money is borrowed, and most people want it returned to them?

How about not spending it at all?

This just shows the stupidity of most Americans. Notice how 87% of the Republicans want it returned to them.

Notice how it doesn't say how many people of each affiliation were polled?

It does if you actually click on the .pdf.

If anything, they polled too many Republicans, considering only about 26% of Americans consider themselves that.

 

[blackangst1]

I want to see something spent in the private sector to create new jobs. According to the BLS, the only job growth has been in medicine. And yet, we continue to import talent in medicine because Americans either dont want to get into it, or cant due to education not being available. Its a shame, because the oldest baby boomers are turning 65 this year, and will soon be retiring, and increasing the demand in medicine. And Americans wont be able to fill the need.

Total nonfarm payroll employment declined by 247,000 in July. From May to July, job losses averaged
331,000 per month

Employment in construction declined by 76,000 in July, about in line with the average for the past 3
months (-73,000).

Manufacturing employment fell by 52,000 in July and has declined by 2.0 million since the recession
began.

In July, retail trade employment declined by 44,000. Job losses in the industry had averaged 27,000 per
month over the prior 3 months. Employment in wholesale trade fell by 19,000 in July

Employment in professional and business services continued to trend down in July (-38,000); the
industry has shed 1.5 million jobs since the start of the recession.

Transportation and warehousing lost 22,000 jobs in July.

Financial activities employment continued to trend down in July (-13,000). The average monthly
decline for this industry was 23,000 over the past 3 months compared with 46,000 per month from
November through April.

Health care employment increased by 20,000 in July, about in line with the average monthly gain for
the first half of this year but down from an average monthly increase of 30,000 during 2008.

 

[soccerballtux]

Returning money does nothing for the future. Better to use it as a downpayment for a permanent tax repeal-- that's one of the best ways to increase GDP-- remove a tax on something. Enables more competition, frees up resources, etc.

 

[Firebot]

Originally posted by: Patranus
Remaining Stimulus Money
What would do more to boost the Economy?

Return Money to Taxpayers: 72% (IE Tax Cuts)
Government Spending Money: 19%

Return Money to Taxpayers
All: 72%
Democrat: 59%
Republican: 87%
Independent: 70%

http://www.foxnews.com/story/0,2933,539298,00.html

So a MAJORITY of Democrats, a MAJORITY of Republicans, and a MAJORITY of Independents think that they money that hasn't been spent shouldn't be spent....and should be returned to the taxpayer.

Returned to taxpayers? How about putting it towards the insane debt? Taxpayers pay nowhere near the amount required to run the country. It's borrowed money after all, current taxpayers have been paying squat, it's future generations who are getting the bill. Get rid of bloated government departments like Homeland Security, get out of Iraq, introduce real working universal healthcare and form a 2 tiered system to lower costs overall, and stop sending so much aid money to other countries like Israel.

Of course stupid taxpayers will want the imaginary money that they 'paid' put back into their pockets. Who wouldn't want free money?

 

[Fenixgoon]

Originally posted by: soccerballtux
Returning money does nothing for the future. Better to use it as a downpayment for a permanent tax repeal-- that's one of the best ways to increase GDP-- remove a tax on something. Enables more competition, frees up resources, etc.

you can increase GDP all you want - but when creditors decide they want their money, we're screwed. what, are we going to pay them with their own money?

 

[heyheybooboo]

Being that 37% of the Recovery Act was tax cuts ....

does that mean that taxes may be raised $297 billion ?

And seeing that individual and corporate income tax receipts this fiscal year will be at their lowest percentage of GDP since 1959 or so, a reasonable person may feel that as the economy recovers 'revenue enhancements' in addition to cost savings will be necessary to address the Federal debt ...

 

[Schadenfroh]

How about not spending it at all?

This just shows the stupidity of most Americans.

That was not an option in the poll, unfortunately:

So far only a small amount of the $787 billion dollars in economic stimulus
money has been spent. Which do you think would do more to boost the economy --
the government spending the rest of the stimulus money or the government
returning the money to the taxpayers?

1. Government spending
2. Returning money the money to taxpayers
3. (Don't know)

How about putting it towards the insane debt?

Agreed

 

[her209]

Originally posted by: Fenixgoon

Originally posted by: soccerballtux
Returning money does nothing for the future. Better to use it as a downpayment for a permanent tax repeal-- that's one of the best ways to increase GDP-- remove a tax on something. Enables more competition, frees up resources, etc.

you can increase GDP all you want - but when creditors decide they want their money, we're screwed. what, are we going to pay them with their own money?

- raise taxes
- print money
- default and make them come collect it

Besides, our creditors can't choose when they get their money back from the US government, i.e. the T-notes they bought will be paid when they mature or they could sell them on an exchange/market.

 

[heyheybooboo]

Originally posted by: her209

Originally posted by: Fenixgoon

Originally posted by: soccerballtux
Returning money does nothing for the future. Better to use it as a downpayment for a permanent tax repeal-- that's one of the best ways to increase GDP-- remove a tax on something. Enables more competition, frees up resources, etc.

you can increase GDP all you want - but when creditors decide they want their money, we're screwed. what, are we going to pay them with their own money?

- raise taxes
- print money
- default and make them come collect it

Besides, our creditors can't choose when they get their money back from the US government, i.e. the T-notes they bought will be paid when they mature or they could sell them on an exchange/market.

Thank goodness Bush brought back 30-year bonds, huh? BUT ...

Because of the budget surplus in the late 1990's, the Treasury Dept. had the opportunity to lower the average maturity. It did work, with the average rate of going from 5.8 years in 2001 to 4.6 years in 2005.

This also lowered the average interest rate as the highest rate was cut. That rate went from 5.9% in August 2001 to 4.5% in May 2005.

This lowered the amount of interest the government has to pay on its debt, even though the amount of debt increased - tremendously.