Conspiracy or State's preparing for the worst?

[Yasik2]

Just exactly as I expected...

[Leaf]

I believe this is what Mikey was lookin for. Whats in this stimulus?

http://news.yahoo.com/s/ap/20090214/ap_ ... _gets_what

[Tap]

Sorry..how is 300 million dollars allocated to an exhibit out west help someone on the east coast? And 50 mil set aside for "green-energy" golf carts? umm if you want to bail me out..just send me the cash..I'll handle it from there...Govt on both sides have sucked at running it's own affairs and now they deem it necessary to handle the citizens affairs as well? There's a reason while China stop investing in our debt....you did hear the story how California is giving itself a loan by buying it's own debt because no one else would.....that's just hilarious on a whole other scale

[reboog]

Obama is a SOCIALIST. I hope you guys are happy that you got your pinko commie nation!

This stimulus bill is loaded with pork. What did you expect from a president who followed a anarchist who hated America?!

He is stealing money from right out of your pockets, and everyone is letting him. I bet Monica Lewinski is sucking him off too, cuz she has a thing for communist pinkos.

America deserves what it's got coming.

[reboog]

ps we are in DEFLATION, NOT INFLATION

[Yasik2]

[quote="reboog":1tijkk5j]ps we are in DEFLATION, NOT INFLATION[/quote:1tijkk5j]

[img:1tijkk5j]http://yasik.kiev.ua/4chan/All_my_base_belong_to_you.gif[/img:1tijkk5j]

[Sheng]

I'm not excited about our new socialist majority. I'm a taxpaying US citizen and it upsets me that Obama and his party want to redistribute my (very limited) wealth. I'm a conservative, not a Republican -- and I think the country would be in a lot better shape right now if we'd had any conservative leadership since before Bill Clinton.

As my taxes increase though, it will become increasingly difficult to break even without taking advantage of stupid government programs. Congress just decided to hand me an $8000 check this year because I did my 'civic duty' and bought a house for the first time.

Stupid, stupid, stupid. I would have bought the house anyways -- without a 'stimulus' and without giving my children an extra 2 trillion dollars in debt to pay off. But I'll take the money, because I'm going to need it to pay my taxes when they go up next year and my salary doesn't.

[*juggleblood*]

[quote="reboog":d77wykia]ps we are in DEFLATION, NOT INFLATION[/quote:d77wykia]

True true, but I can't imagine it will be long b4 inflation hits. I just don't see how they can print money and spend it without causing inflation.

[Tap]

Right now..most [working]people pay between 33 and 42% of their salary in taxes..by 2012/2013 it will be around 60-70%. Hopefully by 2011 people will realize and revolt.

Have a nice day.

[jezer]

[img:36if5nr6]http://www.boom2bust.com/wp-content/uploads/2008/07/stimulus-package.jpg[/img:36if5nr6]

[Leaf]

[quote="Sheng":1tm96iqz]
As my taxes increase though, it will become increasingly difficult to break even without taking advantage of stupid government programs. Congress just decided to hand me an $8000 check this year because I did my 'civic duty' and bought a house for the first time.

Stupid, stupid, stupid. I would have bought the house anyways -- without a 'stimulus' and without giving my children an extra 2 trillion dollars in debt to pay off. But I'll take the money, because I'm going to need it to pay my taxes when they go up next year and my salary doesn't.[/quote:1tm96iqz]

I could be wrong, but the gov will give u $8k. However its not "free" money.
Every yr when u do ur taxes, you will receive ~$500 less. If u sell the
house, then u would pay back the amount minus the yrs u been there.
So ppl who lives there for several yrs it will "pay" itself out.
I brought a house a couple of yrs ago, and my uncle is a CPA didn't sign
me up for a "First time home buyer". His reason was because I didn't need
the money that bad, and since I'm only planning to live here for 5yrs. There
wouldn't be much of a point, because when I sell the house. I would need
to pay back ~$4.5k. Better to not have spent something if you don't know
u have it. Or something like that...

[reboog]

[quote:1wu0i75x]I could be wrong, but the gov will give u $8k. However its not "free" money.
Every yr when u do ur taxes, you will receive ~$500 less. [/quote:1wu0i75x]

You are correct. They are giving you cash back, but increasing marginal tax rates (this means more of your income will go to Uncle Sam, and you are not really getting any cash back at all in the long term)

[reboog]

[quote:3onohg28]
True true, but I can't imagine it will be long b4 inflation hits. I just don't see how they can print money and spend it without causing inflation.[/quote:3onohg28]

If you are referring to the stimulus, then maybe. It is not "timely, targeted, and temporary" as Larry Summers is so famous for saying. The money is going to be spent slowly, and I'm not convinced that this is going to stop deflation. If it does, it will simply reverse when the government cannot find any more holes to dig and holes to fill and infrastructure ends.

If you are speaking of the bailout money (we inflated the currency in 4 months what it would normally take us years to reach), that does not have any effect on the value of the dollar. Bonus points: why?

[Poggle]

I am not a financial expert, but I would guess it's because the banks are deleveraging.

[jezer]

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This infomercial was brought to you by timelife. We now return you to your hosts goober and boogle for there breakdown of the global economic crisis.

Back to you in the studio...

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