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Ga Congressman Proposes $9,000 Rebate to Each Tax Payer vs Stimulus Package: What would this do for the economy?
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Woman On The Edge
User ID: 470724
 United States
1/28/2009 7:14 AM
Report abusive post | Ga Congressman Proposes $9,000 Rebate to Each Tax Payer vs Stimulus Package: What would this do for the economy?
| Quote |
Just what would this do for the economy?
How would YOU spend your $9,000.00?
[link to www.freerepublic.com]
[GOP Congressman]Broun: Stimulus package more effective as taxpayer rebates ($9K per taxpayer)
The Athens Banner-Herald ^ | January 27, 2009 | Blake Aued
Posted on Tuesday, January 27, 2009 6:39:50 PM by 2ndDivisionVet
U.S. Rep. Paul Broun, R-Athens, wants to give about $9,000 to every taxpayer in the United States to stimulate the economy, he said today.
Broun has proposed spending President Barack Obama’s proposed $825 billion economic stimulus package on taxpayer rebates rather than a mix of spending and tax cuts.
“I urge President Obama and Speaker (Nancy) Pelosi to skip the pork wish list and work with my colleagues on a true economic recovery program that provides tax relief to small businesses and families and offers incentive-based relief for job creators,” Broun said in a news release.
Under Broun’s plan, every legal resident who filed a tax return in 2008 would receive a check for $8,895.75.
But one economist said stimulus checks like those Broun proposed are the worst way to bring the country out of its worst downturn in 70 years because consumers are likely to save the money rather than spend it.
Infrastructure spending, aid to states like Georgia that are facing budget crunches, and tax cuts to encourage productivity would all be more effective, said Jeff Humphreys, director of the University of Georgia’s Selig Center for Economic Growth.
"Courage & knowledge always triumph over fear & ignorance"
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Irdooomed
User ID: 602671
 Australia
1/28/2009 7:17 AM | | Re: Ga Congressman Proposes $9,000 Rebate to Each Tax Payer vs Stimulus Package: What would this do for the economy? | Quote |
Just what would this do for the economy?
How would YOU spend your $9,000.00?
[ link to www.freerepublic.com]
Infrastructure spending, aid to states like Georgia that are facing budget crunches, and tax cuts to encourage productivity would all be more effective, said Jeff Humphreys, director of the University of Georgia’s Selig Center for Economic Growth.
I don't know maybe it's just me, but isn't there something coming out of that cow's bum?
Holy cow! It's the woowoo patrol! |
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Anonymous Coward
User ID: 602672
United States
1/28/2009 7:18 AM | | Re: Ga Congressman Proposes $9,000 Rebate to Each Tax Payer vs Stimulus Package: What would this do for the economy? | Quote |
If they want to stimulate the economy, they should give that money to everyone making less than a certain amount, say 15,000. Those people would spend the money for sure. |
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Woman On The Edge
User ID: 470724
United States
1/28/2009 7:19 AM | | Re: Ga Congressman Proposes $9,000 Rebate to Each Tax Payer vs Stimulus Package: What would this do for the economy? | Quote |
Well, it just seems to me that either way we are taxing future generations for our own mistakes .... is that what you mean?
"Courage & knowledge always triumph over fear & ignorance"
[link to www.facebook.com] |
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Woman On The Edge
User ID: 470724
United States
1/28/2009 7:21 AM | | Re: Ga Congressman Proposes $9,000 Rebate to Each Tax Payer vs Stimulus Package: What would this do for the economy? | Quote |
If they want to stimulate the economy, they should give that money to everyone making less than a certain amount, say 15,000. Those people would spend the money for sure. Quoting: Anonymous Coward 602672
I for one could put it to very good use, but I just am not sure if it is right at all. This entire bail out scenario, while we are being 'told' it is needed, makes me very nervous.
"Courage & knowledge always triumph over fear & ignorance"
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Irdooomed
User ID: 602677
Australia
1/28/2009 7:25 AM | | Re: Ga Congressman Proposes $9,000 Rebate to Each Tax Payer vs Stimulus Package: What would this do for the economy? | Quote |
Well, it just seems to me that either way we are taxing future generations for our own mistakes .... is that what you mean? Quoting: Woman On The Edge
Not quite, I meant isn't it wryly amusing, that a university of Georgia professor would claim that Barack Obama's economic cabinent was wrong about their assessment of the American economy and that the state of Georgia should be ear marked for additional funding.
Obama's pork barreling is evil, yet the professor's pork barreling is the solution to the economic woes being experienced by America.
Holy cow! It's the woowoo patrol! |
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Anonymous Coward
User ID: 375101
United States
1/28/2009 7:26 AM | | Re: Ga Congressman Proposes $9,000 Rebate to Each Tax Payer vs Stimulus Package: What would this do for the economy? | Quote |
i want that! I need that! gimme that money! oh please please please! I want the money! I need the 9000! PLEASE!!!
ALL SENATORS AND CONGRESSMAN AND OBAMA!!! PLEASE PLEASE PLEASE!!!! |
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Woman On The Edge
User ID: 470724
United States
1/28/2009 7:29 AM | | Re: Ga Congressman Proposes $9,000 Rebate to Each Tax Payer vs Stimulus Package: What would this do for the economy? | Quote |
i want that! I need that! gimme that money! oh please please please! I want the money! I need the 9000! PLEASE!!!
ALL SENATORS AND CONGRESSMAN AND OBAMA!!! PLEASE PLEASE PLEASE!!!! Quoting: Anonymous Coward 375101
You know, that is the immediate reaction from those of us who are in need. Which is my point, all of it sounds very 'taxing' (pun intended).
But, are we better off just saying "NO THANK YOU?"
"Courage & knowledge always triumph over fear & ignorance"
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Woman On The Edge
User ID: 470724
United States
1/28/2009 7:31 AM | | Re: Ga Congressman Proposes $9,000 Rebate to Each Tax Payer vs Stimulus Package: What would this do for the economy? | Quote |
Well, it just seems to me that either way we are taxing future generations for our own mistakes .... is that what you mean?
Not quite, I meant isn't it wryly amusing, that a university of Georgia professor would claim that Barack Obama's economic cabinent was wrong about their assessment of the American economy and that the state of Georgia should be ear marked for additional funding.
Obama's pork barreling is evil, yet the professor's pork barreling is the solution to the economic woes being experienced by America. Quoting: Irdooomed
I take that as being Selig's opinion rather than involvement, did I miss something there?
"Courage & knowledge always triumph over fear & ignorance"
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Phennommennonn 
The Queen Of Mean *VENOMmennonn*
User ID: 581503
United States
1/28/2009 7:38 AM
 | | Re: Ga Congressman Proposes $9,000 Rebate to Each Tax Payer vs Stimulus Package: What would this do for the economy? | Quote |
I don't know maybe it's just me, but isn't there something coming out of that cow's bum? Quoting: Irdooomed
I can get a good look at a T-bone by sticking my head up a bull's ass, but I'd rather take a butcher's word for it.
** Banned from Voice Chat? Email me/VC-Mod**
glp.phennommennonn@gmail.com & include your IP address from [link to showmyip.com]
~Galatians 4:16
Am I therefore become your enemy, because I tell you the truth?
~“In the Communist world, we see failure, technological backwardness, declining standards of health, even want of the most basic kind -- too little food. Even today, the Soviet Union still cannot feed itself. . . . East and West do not distrust each other because we are armed; we are armed because we distrust each other. And our differences are not about weapons but about liberty. . . . The most fundamental distinction of all between East and West is that the totalitarian world produces backwardness because it does such violence to the spirit, thwarting the human impulse to create, to enjoy, to worship. The totalitarian world finds even symbols of love and of worship an affront.” Ronald Reagan
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Woman On The Edge
User ID: 470724
United States
1/28/2009 7:41 AM | | Re: Ga Congressman Proposes $9,000 Rebate to Each Tax Payer vs Stimulus Package: What would this do for the economy? | Quote |
I don't know maybe it's just me, but isn't there something coming out of that cow's bum?
I can get a good look at a T-bone by sticking my head up a bull's ass, but I'd rather take a butcher's word for it.
Hilarious!
"Courage & knowledge always triumph over fear & ignorance"
[link to www.facebook.com] |
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Anonymous Coward
User ID: 602684
United States
1/28/2009 7:43 AM | | Re: Ga Congressman Proposes $9,000 Rebate to Each Tax Payer vs Stimulus Package: What would this do for the economy? | Quote |
This is one way which will probably help usher in the mark of the beast. Like Nesara was proposing to eliminate past debt and start anew... with even some money ready in the account. All you have to do is get your remote control chip and the rest is yours. |
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Woman On The Edge
User ID: 470724
United States
1/28/2009 7:43 AM | | Re: Ga Congressman Proposes $9,000 Rebate to Each Tax Payer vs Stimulus Package: What would this do for the economy? | Quote |
If, just if that were to happen,I would buy a car (a nice used car that I could pay for 100%) and possibly put down the balance of the $$$ as a down payment on a home.
"Courage & knowledge always triumph over fear & ignorance"
[link to www.facebook.com] |
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Woman On The Edge
User ID: 470724
United States
1/28/2009 7:44 AM | | Re: Ga Congressman Proposes $9,000 Rebate to Each Tax Payer vs Stimulus Package: What would this do for the economy? | Quote |
This is one way which will probably help usher in the mark of the beast. Like Nesara was proposing to eliminate past debt and start anew... with even some money ready in the account. All you have to do is get your remote control chip and the rest is yours. Quoting: Anonymous Coward 602684
Now that is a very disturbing thought .....
If you do this, we'll give you that ....
"Courage & knowledge always triumph over fear & ignorance"
[link to www.facebook.com] |
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Anonymous Coward
User ID: 602637
 Anonymous Proxy
1/28/2009 7:47 AM | | Re: Ga Congressman Proposes $9,000 Rebate to Each Tax Payer vs Stimulus Package: What would this do for the economy? | Quote |
I don't know maybe it's just me, but isn't there something coming out of that cow's bum?
I can get a good look at a T-bone by sticking my head up a bull's ass, but I'd rather take a butcher's word for it.
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Anonymous Coward
User ID: 602670
United States
1/28/2009 7:47 AM | | Re: Ga Congressman Proposes $9,000 Rebate to Each Tax Payer vs Stimulus Package: What would this do for the economy? | Quote |
Put the rebate on a pre-paid debit card and if they don't spend it in 60 days it goes back into the goverment coffers. |
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Woman On The Edge
User ID: 470724
United States
1/28/2009 7:48 AM | | Re: Ga Congressman Proposes $9,000 Rebate to Each Tax Payer vs Stimulus Package: What would this do for the economy? | Quote |
Put the rebate on a pre-paid debit card and if they don't spend it in 60 days it goes back into the goverment coffers. Quoting: Anonymous Coward 602670
Well, there's an idea ... but I propose to give it to charity if it isn't spent .....
"Courage & knowledge always triumph over fear & ignorance"
[link to www.facebook.com] |
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Anonymous Coward
User ID: 602674
 Puerto Rico
1/28/2009 7:53 AM | | Re: Ga Congressman Proposes $9,000 Rebate to Each Tax Payer vs Stimulus Package: What would this do for the economy? | Quote |
The TARP ripoff that was pulled on the American taxpayers would of gone better if they had gone to everyone who has a mortgage, (income of 250k and down) and brought them up to date, then put them 2 years up.
This would of done several things, stopped all foreclosures immediately, give the owners a chance to breathe, save up, and look to refinance a fixed interest instead of those ARMs, etc. And the banks still would of gotten their money!!
As it is now, the banks took the money, don't want to lend a penny! (first hand experience, contractor here, had 2 customers with great credit told NO to new house loans) and the people are still being screwed. |
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Woman On The Edge
User ID: 470724
United States
1/28/2009 7:58 AM | | Re: Ga Congressman Proposes $9,000 Rebate to Each Tax Payer vs Stimulus Package: What would this do for the economy? | Quote |
The TARP ripoff that was pulled on the American taxpayers would of gone better if they had gone to everyone who has a mortgage, (income of 250k and down) and brought them up to date, then put them 2 years up.
This would of done several things, stopped all foreclosures immediately, give the owners a chance to breathe, save up, and look to refinance a fixed interest instead of those ARMs, etc. And the banks still would of gotten their money!!
As it is now, the banks took the money, don't want to lend a penny! (first hand experience, contractor here, had 2 customers with great credit told NO to new house loans) and the people are still being screwed. Quoting: Anonymous Coward 602674
And I have major doubts about the 'new' stimulus package as well ....
Heard a guy on Fox News yesterday say, (referring to the new jobs this is supposed to create) would a guy laid off from Microsoft be willing to paint bridges????
I think not ....
"Courage & knowledge always triumph over fear & ignorance"
[link to www.facebook.com] |
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Irdooomed
User ID: 602693
Australia
1/28/2009 8:06 AM | | Re: Ga Congressman Proposes $9,000 Rebate to Each Tax Payer vs Stimulus Package: What would this do for the economy? | Quote |
I take that as being Selig's opinion rather than involvement, did I miss something there? Quoting: Woman On The Edge
The Selig centre can have whatever opinion they want.
I'd be suspisious of financial experts claiming that the only way to clear all my debt, is to funnel money into their bank account.
Holy cow! It's the woowoo patrol! |
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Anonymous Coward
User ID: 599611
United States
1/28/2009 8:07 AM | | Re: Ga Congressman Proposes $9,000 Rebate to Each Tax Payer vs Stimulus Package: What would this do for the economy? | Quote |
If, just if that were to happen,I would buy a car (a nice used car that I could pay for 100%) and possibly put down the balance of the $$$ as a down payment on a home. Quoting: Woman On The Edge
Oh come on now Woman, FEMA has tents for us, and they have also stockpiled 10's of thousands of bicycles for us too... ooops, gotta run, it's time for the next re-education film... |
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Woman On The Edge
User ID: 470724
United States
1/28/2009 8:09 AM | | Re: Ga Congressman Proposes $9,000 Rebate to Each Tax Payer vs Stimulus Package: What would this do for the economy? | Quote |
If, just if that were to happen,I would buy a car (a nice used car that I could pay for 100%) and possibly put down the balance of the $$$ as a down payment on a home.
Oh come on now Woman, FEMA has tents for us, and they have also stockpiled 10's of thousands of bicycles for us too... ooops, gotta run, it's time for the next re-education film... Quoting: Anonymous Coward 599611
I would literally rather die, no make that would seriously run for my life, rather than go to any FEMA camp. NEV-AH - they will not take me, make me!
"Courage & knowledge always triumph over fear & ignorance"
[link to www.facebook.com] |
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Woman On The Edge
User ID: 470724
United States
1/28/2009 8:11 AM | | Re: Ga Congressman Proposes $9,000 Rebate to Each Tax Payer vs Stimulus Package: What would this do for the economy? | Quote |
I take that as being Selig's opinion rather than involvement, did I miss something there?
The Selig centre can have whatever opinion they want.
I'd be suspisious of financial experts claiming that the only way to clear all my debt, is to funnel money into their bank account. Quoting: Irdooomed
I understand that, and I'm sure a lot of people, were they to receive this rebate, would do just that.
"Courage & knowledge always triumph over fear & ignorance"
[link to www.facebook.com] |
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Anonymous Coward
User ID: 602696
United States
1/28/2009 8:12 AM | | Re: Ga Congressman Proposes $9,000 Rebate to Each Tax Payer vs Stimulus Package: What would this do for the economy? | Quote |
The TARP ripoff that was pulled on the American taxpayers would of gone better if they had gone to everyone who has a mortgage, (income of 250k and down) and brought them up to date, then put them 2 years up.
This would of done several things, stopped all foreclosures immediately, give the owners a chance to breathe, save up, and look to refinance a fixed interest instead of those ARMs, etc. And the banks still would of gotten their money!!
As it is now, the banks took the money, don't want to lend a penny! (first hand experience, contractor here, had 2 customers with great credit told NO to new house loans) and the people are still being screwed.
And I have major doubts about the 'new' stimulus package as well ....
Heard a guy on Fox News yesterday say, (referring to the new jobs this is supposed to create) would a guy laid off from Microsoft be willing to paint bridges????
I think not .... Quoting: Woman On The Edge
Perhaps? If unemployment was made contingent upon it somehow.  |
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Anonymous Coward
User ID: 553433
United States
1/28/2009 8:15 AM | | Re: Ga Congressman Proposes $9,000 Rebate to Each Tax Payer vs Stimulus Package: What would this do for the economy? | Quote |
But one economist said stimulus checks like those Broun proposed are the worst way to bring the country out of its worst downturn in 70 years because consumers are likely to save the money rather than spend it. Quoting: Woman On The Edge
SAVE? NOT fucking likely for most. It would be used to pay off existing debt, helping banks and such, but wouldn't help manufacturing much at all.
Anything left over would be spent at WalMart, helpin the Chinese economy!!
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Anonymous Coward
User ID: 602642
 United Kingdom
1/28/2009 8:17 AM | | Re: Ga Congressman Proposes $9,000 Rebate to Each Tax Payer vs Stimulus Package: What would this do for the economy? | Quote |
giving everyone 9k would temporarily stimulate spending for a few months, but would lead to higher inflation. |
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Juan Moremoney
User ID: 429261
United States
1/28/2009 8:22 AM | | Re: Ga Congressman Proposes $9,000 Rebate to Each Tax Payer vs Stimulus Package: What would this do for the economy? | Quote |
Here is another good idea. Rather than give banks billions that they don't lend out and use to buy corporate jets this person is proposing the government LOAN not give but LOAN $20,000 per employee to small businesses.
[link to www.forbes.com]
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Nailer45
User ID: 601507
United States
1/28/2009 8:24 AM | | Re: Ga Congressman Proposes $9,000 Rebate to Each Tax Payer vs Stimulus Package: What would this do for the economy? | Quote |
The TARP ripoff that was pulled on the American taxpayers would of gone better if they had gone to everyone who has a mortgage, (income of 250k and down) and brought them up to date, then put them 2 years up.
This would of done several things, stopped all foreclosures immediately, give the owners a chance to breathe, save up, and look to refinance a fixed interest instead of those ARMs, etc. And the banks still would of gotten their money!!
As it is now, the banks took the money, don't want to lend a penny! (first hand experience, contractor here, had 2 customers with great credit told NO to new house loans) and the people are still being screwed. Quoting: Anonymous Coward 602674
TARP: Tax And Rape People |
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Anonymous Coward
User ID: 478606
United States
1/28/2009 8:25 AM | | Re: Ga Congressman Proposes $9,000 Rebate to Each Tax Payer vs Stimulus Package: What would this do for the economy? | Quote |
Jon Stewart (The Daily Show) was talking to Gwen Ifil. He suggested the gov give the taxpayers the money (versus the financial institutions) and that money is earmarked for people to pay mortgages and debts -- that way people pay off debt and the banks get the money. I like that idea. Economically, it doesn't create new spending per se, but if people are caught up, they may have more income to "new" spend to stimulate the economy. The idea of "bailing out the banks" doesn't help the average person, just the investors if they don't offer credit -- which they are not. |
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Anonymous Coward
User ID: 368888
United States
1/28/2009 8:26 AM | | Re: Ga Congressman Proposes $9,000 Rebate to Each Tax Payer vs Stimulus Package: What would this do for the economy? | Quote |
Well, it just seems to me that either way we are taxing future generations for our own mistakes .... is that what you mean? Quoting: Woman On The Edge
It means in a few years WE will be taxed beyond our capacity to repay. It will go on for years... |
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PatrikC325
User ID: 587344
United States
1/28/2009 8:31 AM
 | | Re: Ga Congressman Proposes $9,000 Rebate to Each Tax Payer vs Stimulus Package: What would this do for the economy? | Quote |
Eliminate Capital Gains Tax for 6 months and the economy will soar. Lower the rate business tax to be more competitive currently at 39% which is the 2nd highest in the world. Drop it to 29% and what the jobs soar! |
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