Stimulus-palooza: It never ends

By Michelle Malkin  •  October 21, 2008 09:52 AM

Here. We. Go. Again.

Federal Reserve chairman Ben Bernanke was on the Hill yesterday clamoring and yammering about the need for yet another stimulus package.

Remember how these Spreaders of Wealth came up with the figure for the Crap Sandwich bailout? By pulling it out of their you-know-whats. Well, it looks like they’ll use the same methodology to come up with the figure for Stimulus 2.0:

Testifying on Capitol Hill Monday, Federal Reserve Chairman Ben Bernanke said Congress should consider another stimulus package.

“The uncertainty currently surrounding the economic outlook is unusually large,” said Ben Bernanke. “Any fiscal action inevitably involves trade-offs – not only among current needs and objectives, but also because commitments of resources today can burden future generations and constrain future policy options. That being said, with the economy likely to be weak for several quarters and with some risk of a protracted slowdown, consideration of a fiscal package by the Congress at this juncture seems appropriate.”

The central bank chief added that any stimulus should be crafted to boost economic activity in the short term without significantly adding to America’s fiscal deficit in the long term. Despite being prodded repeatedly by legislators, Bernanke declined to say how much money should be spent or specify what the package should contain.

More here.

Looks like he wants it quickly, quickly, right now! Prepare to have another gun put to your head and prepare for another inevitably larded-up sandwich with earmarks, goodies, and special-interest add-ons that all the principled earmark battlers oppose in theory, but will vote for anyway because they have NO CHOICE BUT TO DOOOOO SOMETHING.

Stimulus-palooza. It never ends.

Let me repeat what I said when this madness first kicked into high gear in January:

I’m all for the government giving me back my money. But why not drop the economic stimulus pretense? Just give me back my money. If the government can spare these “rebates” and send them back now, why did they take the money in the first place? Forget this temporary candy. Why not make this “rebate” permanent?

Another point: Given the estimates so far, these “rebates” will be more than offset by proposed and scheduled tax hikes and spending increases in liberal-nomics-dominated states like Maryland, NY, and NJ.

Another point: When exactly would these “rebates” get into the hands of taxpayers? By the time the checks get cut and mailed, the recession could be over. Government has a way of lagging like that.

Another point: As I’ve said repeatedly now, stimulation-palooza will inevitably be larded up with special-interest pork and other spending goodies in the tens of billions of dollars.

And let’s be clear what Washington wants people to do with this money. They want people to spend it. Not to save it. Not to apply it to their debt. Spend, spend, spend…In other words: The stimulus will stimulate more of the same bad behavior that got people into trouble in the first place.

Brilliant.


Treasury Secretary Hank Paulson delivered another snort-inducing pronouncement:

Meanwhile, Treasury Secretary Henry Paulson provided an update on how the rescue package is being implemented. He stressed that, while huge amounts of public funds have been allocated to save troubled financial institutions, ultimately there should be no cost for taxpayers.

“This is an investment, not an expenditure, and there is no reason to believe that this program will cost taxpayers anything,” said Henry Paulson.

Add this joke to his litany of wrong-headed one-liners over the last year.

***

Like clockwork, the Dems want to raise taxes in times of economic turmoil. Here’s Barney Frank salivating over the prospect of getting his grubby hands on more of your money.

Babs Boxer was making similar tax-raising noises in June.

Posted in: fiscal stimulus

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Comments


  1. #508459
    On October 21st, 2008 at 9:55 am, sonofdy said:

    Oh crap, I guess 1 TRILLION just wasn’t enough. Are we trying to see how fast we can bankrupt this country???

  2. #508463
    On October 21st, 2008 at 9:56 am, chapoutier said:

    Federal Reserve chairman Ben Bernanke was on the Hill yesterday clamoring and yammering about the need for yet another stimulus package.

    Save yourself some time in the future, MM and just write a macro for this sentence. Me thinks you’ll be using it a lot more.

  3. #508464
    On October 21st, 2008 at 9:57 am, txvet2 said:

    I don’t know what we can do about it. You can only not vote for somebody once.

  4. #508465
    On October 21st, 2008 at 9:57 am, Flyoverman said:

    “The central bank chief added that any stimulus should be crafted to boost economic activity in the short term without significantly adding to America’s fiscal deficit in the long term.”

    Oh wow man, they are definitely on some really good weed to put out that self-contradictory drivel.

  5. #508471
    On October 21st, 2008 at 10:02 am, txvet2 said:

    On October 21st, 2008 at 9:57 am, Flyoverman said:

    What he means, is (I think) that they should push something through so everybody will go out and spend the money for Christmas. Just like a credit card. Spend now, get the bill after New Years.

  6. #508473
    On October 21st, 2008 at 10:03 am, walterc said:

    Another good argument for two term limits . . .one in office, one in jail.

    Is it possible for the government to run out of money? Are they trying to find out? Are they making bets on how much they can spend before they run out?

    This is getting surreal.

  7. #508474
    On October 21st, 2008 at 10:04 am, Milwaukee Mike said:

    We keep printing more money, yet it seems like it is becoming worth less…
    Could there be a connection?

  8. #508476
    On October 21st, 2008 at 10:05 am, DBNinKY said:

    I expect the Democrats to salivate for more mindless spending using the nation’s checkbook, but for Paulson to do so is downright disturbing.

    A few billion here, a couple of billion there, a trillion or two some place else – who does Paulson think he is, Obama?

  9. #508478
    On October 21st, 2008 at 10:06 am, ArizonaNeanderthal said:

    “This is an investment, not an expenditure, and there is no reason to believe that this program will cost taxpayers anything,” said Henry Paulson.

    Oh Lord, “won’t cost the taxpayers” has been the mantra for costing the taxpayers–repeatedly. Old enough to remember Lyndon Johnson’s Great Society wouldn’t cost the taxpayers as welfare would lift up everyone? Food stamps would pay for themselves with increased jobs?

    Oct 20, 2008 … Bernanke: Let’s Drop Money From Helicopters

    Got a basket?


    ALCOHOL, TOBACCO AND FIREARMS
    Should be a convenience store
    NOT a Government Agency

    God Bless America except for the blue states.

  10. #508479
    On October 21st, 2008 at 10:07 am, ArizonaNeanderthal said:

    On October 21st, 2008 at 10:03 am, walterc #6 said:

    Another good argument for two term limits . . .one in office, one in jail.

    ;-)

  11. #508480
    On October 21st, 2008 at 10:09 am, Stubby said:

    I don’t know one person who feels they are in some kind of financial crisis. It seems to me there is a far larger looming issue for the “big guys” that prompts all of the stimulus baloney.

    They keep using non-specific BS to frighten everyone about the impending disaster. I think the only disaster is the huge losses facing the inbred, elitist, scamming crooks who seek bailout from our taxes. Leave me alone. I’m fine and so is everyone else.

  12. #508481
    On October 21st, 2008 at 10:10 am, sonofdy said:

    Save yourself some time in the future, MM and just write a macro for this sentence. Me thinks you’ll be using it a lot more.

    You think this is bad? wait till extreme liberals control both houses of congress and the white house. This country will be bankrupt in 3 years unless this reckless spending is stopped. This stimulus package may have made sense before the bailout, but now where will we get the money? It is simply not there.

  13. #508482
    On October 21st, 2008 at 10:11 am, Truesoldier said:

    Why does this not surprise me at all. Between this latest bailout and Obama’s latest attempt to sic the justice department on opponents it makes me wonder where our nation is headed.

    On another note I had an idea about a call to arms so to speak. Check it out here if you like.

  14. #508483
    On October 21st, 2008 at 10:11 am, Weary Citizen said:

    What do the pols care? Its not their money. They are more than willing to throw as much taxpayer $ as it takes to keep their legacies from being tarnished by the bad decions the pols themsleves made in the past. And hey, if it doesn’t work, thye just say they did all they could. Lack of consequences will ultimately lead to bad decisions. You know, like the consequences any of us would face at our job for making horredous blunders and ill-informed risk/benefit decisions. We are so screwed.

  15. #508485
    On October 21st, 2008 at 10:12 am, pianoman said:

    On October 21st, 2008 at 10:03 am, walterc #6 said:

    Another good argument for two term limits . . .one in office, one in jail.

    +1 on that!

  16. #508488
    On October 21st, 2008 at 10:17 am, sonofdy said:

    Between this latest bailout and Obama’s latest attempt to sic the justice department on opponents it makes me wonder where our nation is headed

    I can’t believe the dnc actualy opposes cleaning out fraudulent registrations in Ohio. It casts doubt on the election before the election is done. How can we ever know at this point that the election was fair?

  17. #508489
    On October 21st, 2008 at 10:17 am, txvet2 said:

    If I were cynical, I’d think that this was just another ploy by the left to get more votes for the Obamessiah.

  18. #508492
    On October 21st, 2008 at 10:20 am, txvet2 said:

    On October 21st, 2008 at 10:17 am, sonofdy said:

    I can’t believe the dnc actualy opposes cleaning out fraudulent registrations in Ohio. It casts doubt on the election before the election is done. How can we ever know at this point that the election was fair?

    What makes you think they care?

  19. #508494
    On October 21st, 2008 at 10:20 am, ajmontana said:

    $$$$$$$$$$$$Nutter Butter$$$$$$$$$$$$$

  20. #508495
    On October 21st, 2008 at 10:21 am, txmom3 said:

    I’m so upset they are talking about another rebate.

    What the heck is going on??

    Why are they getting away with this, Let the darn markets correct themselves & stop trying to add more debt.

    I really wish just everyone could be fired.

  21. #508497
    On October 21st, 2008 at 10:22 am, conservativesRus said:

    Whether or not a government program “costs money – or makes money” is completely irrelevant. If we wanted central financial government control, we won’t have capitalism. Capitalism is (at least a major part of) what built this country to it’s great status. Non-capitalism (in any form) will not allow us to stay great.

  22. #508498
    On October 21st, 2008 at 10:23 am, CommonSensical said:

    I guess I am confused about why they believe another economic stimulus package is needed. Number one – gas prices are down. Number two – shouldn’t Americans be working on saving money instead of spending money? Isn’t that one of the issues that got us into this in the first place?

    I am so sick of this free-for-all! My husband and I have no credit cards, pay everything with cash/check, have a fairly modest income and we are not hurting! We can’t buy extravagant things but really, that’s not what life is about.

    If we do get yet another economic stimulus check, I’ll probably donate it to the non-profit I work for and help those who are really in need.

  23. #508499
    On October 21st, 2008 at 10:23 am, MtsEdge said:

    On October 21st, 2008 at 10:02 am, txvet2 said:
    On October 21st, 2008 at 9:57 am, Flyoverman said:
    What he means, is (I think) that they should push something through so everybody will go out and spend the money for Christmas. Just like a credit card. Spend now, get the bill after New Years.

    I liked Michelle’s point above – if the Gov’t. can afford to give out these “rebates”, then why take the money from us in the first place?

    Seriously considering a move to a desert island.

  24. #508500
    On October 21st, 2008 at 10:25 am, FamilyMan said:

    stimulus should be crafted to boost economic activity in the short term without significantly adding to America’s fiscal deficit in the long term.

    How the heck can you do that?

  25. #508501
    On October 21st, 2008 at 10:26 am, bayou22 said:

    Here’s your chance America. If you hate Congress and the country’s misguided, selfish direction, vote them out in November. Impose term limits on them.

    Our government is out of control and is beyond fixing short of removing every single existing member of Congress.

    I challenge you America. Vote for the OTHER candidate no matter who. Give someone else a chance.

    At some point, they will have to learn we ultimately pull the strings. We just have to have the guts to pull the lever first…for someone else.

  26. #508503
    On October 21st, 2008 at 10:26 am, Truesoldier said:

    On October 21st, 2008 at 10:25 am, FamilyMan said:
    stimulus should be crafted to boost economic activity in the short term without significantly adding to America’s fiscal deficit in the long term.
    How the heck can you do that?

    By the government staying the hell out of it.

  27. #508504
    On October 21st, 2008 at 10:26 am, CantCureStupid said:

    “This is an investment, not an expenditure, and there is no reason to believe that this program will cost taxpayers anything,” said Henry Paulson.

    Really, sir? I assume that you’re basing this theory on the federal government’s historical financial successes, right?

    Oh, wait…

    And of course, Bawney Fwank is now out there talking about raising taxes on “rich” (read: working) people. It’s gonna be a freakin roman orgy in DC if Obozo pulls this off.

  28. #508505
    On October 21st, 2008 at 10:27 am, FamilyMan said:

    “This is an investment, not an expenditure, and there is no reason to believe that this program will cost taxpayers anything,” said Henry Paulson.

    When pigs fly with lipstick.
    GEEEEEESSSSS!!!!!!!

  29. #508507
    On October 21st, 2008 at 10:27 am, FilmLadd said:

    What’s really bizarre is that the dollar has been strengthening lately and gold has been going down, which seems counter-intuitive to me.

    Government printing lots of money and borrowing lots of money points to inflation and currency devaluation. Unless we are taking into account oil prices dropping like a stone.

    Talking heads on CNBC / Fox Business keep blaming this on the mortgage crisis. But weren’t those issues preceded by the rapid increases in energy? In other words, people (especially poor people) couldn’t afford their mortgage payments because they were putting all of their money into their gas tanks…

    Now Opec wants to cut production and raise prices, but I get the suspicion that the price point has become inelastic… people can not borrow more on their credit cards in order to go to work.

    What are Bernanke and Paulson really up to?

    Curiouser and curiouser…

  30. #508508
    On October 21st, 2008 at 10:28 am, PKAmmoTroop said:

    On October 21st, 2008 at 10:25 am, FamilyMan said:

    stimulus should be crafted to boost economic activity in the short term without significantly adding to America’s fiscal deficit in the long term.

    How the heck can you do that?

    You do it by lowering taxes. Like Abstinence, it works every time it’s tried.

  31. #508510
    On October 21st, 2008 at 10:29 am, CantCureStupid said:

    On October 21st, 2008 at 10:26 am, bayou22 said:
    I challenge you America. Vote for the OTHER candidate no matter who. Give someone else a chance.

    This is not an option for me, I’m afraid, as my so-called representative (Melancon) is running unopposed. He will not, however, benefit from my vote. That space will be left blank.

    How pathetic.

  32. #508511
    On October 21st, 2008 at 10:29 am, Bud Fox said:

    It’s funny how the American people gave George Bush an 89% approval rating to attack Iraq and now they’re so demoralized and dumb they’re willing to throw themselves into liberal bondage just so they can ‘feel’ like they got back at George Bush in the end.

    In all likelyhood, Bush gets the last laugh.

  33. #508513
    On October 21st, 2008 at 10:31 am, rocketman said:

    More giveaways of taxpayer’s money will force some basic changes in our behavior. When countries expand the money supply the value of the money drops when inflation kicks in.

    Countries like Mexico, Brazil and Argentina did this–some of the peoples and companies responses were:

    (1) Spend your pay immediately before the value drops more tomorrow.

    (2) Never save any money.

    (3) Money had to be put into your credit card the beginning of each month before you could use the card–like a debit card. No credit–and value drops of 50 percent during the month.

    (4) Anyone holding debt (car / real estate loans) lost their A**. No more loans were made–cash only.

    (6) Gold became the only acceptable currency or savings.

    (7) Barter became the “new” way of doing business.

    Coming soon to the new U.S.S.A. ??

    John Bibb

  34. #508515
    On October 21st, 2008 at 10:31 am, Hadenough said:

    Just another cow pie on top of the heap of W failures. I’m moving to Costa Rica.

  35. #508517
    On October 21st, 2008 at 10:32 am, WarEagle82 said:

    The idea that the government can borrow money from us to give to us and make the economy “better” is one of the stupidest ideas ever conceived by leftists.

    If you want to stimulate the economy then lower marginal tax rates, reduce idiotic regulations, eliminate corporate income taxes, and eliminate the capital gains tax. The economy would soar within two years. I expect the DJIA would top 20,000.

    But, so far the government has spent at least 50% of the 2008 fiscal budget on bailouts and stimulus. Get that straight. These geniuses added nearly $1 Trillion to the deficit in only 10 months!

    Then, these morons are going to turn around and take that stimulus check back from us on 15 April! How is that goint to help? I have no idea how screwed up my taxes are going to be this year thanks to the stimulus I had to take last year.

    If the government would stop screwing with the economy things just might have a chance of getting better. Lord help us from yet another government program or policy. I can’t afford any more government help!

    Vote Constitution Party in 2008 to return to a limited central government.

  36. #508522
    On October 21st, 2008 at 10:36 am, conservativesRus said:

    Talking heads on CNBC / Fox Business keep blaming this on the mortgage crisis

    Note: These are talking heads, not financial experts. If they were financial experts, they would all be making money doing financial things instead of making money talking about financial things.
    Every time a financial adviser calls me, I ask what their net worth is. Of course, none of them tell me…then I suggest I see no reason I’d like to consider advice from someone who hasn’t demonstrated with their own money how to make money.

  37. #508523
    On October 21st, 2008 at 10:37 am, granite said:

    On October 21st, 2008 at 10:21 am, txmom3 said:

    I’m so upset they are talking about another rebate.

    What the heck is going on??

    Why are they getting away with this,….

    They’re getting away with it because they can.

    Because it seems we have entered an era in which there is, if not an actual majority, a large enough mass of economically non- or underproductive voters that figure, “What the Hell? Why shouldn’t the government give me more money? It’s sure not going to cost me anything!”.

    It seems we are on the cusp of the demographic composition that appropriately is referred to from time to time on this blog, that discusses the limited lifespan of a democracy (or republic), once a majority of its voting citizens discover that they can vote, and keep voting, themselves largesse (goodies) from the public treasury (i.e., tax dollars extracted from economically productive workers, essentially and effectively at the point of a gun).

    And these people are the ones responsible for electing the clowns we presently have in Congress.

    This just reinforces what I’ve said over and over and over…The fact that every citizen can vote; and the fact every citizen’s vote counts just as much as the vote of every other citizen; is at the same time our country’s greatest strength, and it’s greatest weakness.

    What the heck is going on??

    Why are they getting away with this,…

    That’s what’s going on.

    And that’s why they’re getting away with it, IMHO.

  38. #508525
    On October 21st, 2008 at 10:37 am, FamilyMan said:

    Well folks all those economics teachers I had in college were wrong. These people must be using some new money theory that I’m not aware of. Thank God we have these brilliant people working for us. Now I can go out and believe my labor has value.
    GEEEEESS!!!!!

  39. #508527
    On October 21st, 2008 at 10:37 am, wckelly60 said:

    Hey, if you want to give me an economic stimulus, LOWER MY TAXES!

    Stop printing money and giving it to people who don’t pay income taxes.

  40. #508528
    On October 21st, 2008 at 10:37 am, rightwingrocker said:

    The stimulus will stimulate more of the same bad behavior that got people into trouble in the first place.

    As does every other liberal/socialist government intervention.

    Time to kick out the Republicrats!

    KEYES/ROHRBOUGH ‘08

    RWR
    http://www.rightwingrocker.com

  41. #508530
    On October 21st, 2008 at 10:39 am, LC said:

    Dear Government,

    Go $%&@ yourself.

    Sincerely,
    The American Taxpayers

  42. #508531
    On October 21st, 2008 at 10:39 am, madchef said:

    I think at this point, there needs to be an immediate increase in spending, and I think this is a time when deficit fear has to take a second, uh, a second seat. I do think this is the time for a very important kind of dose of [unintelligible]. Yes, I think later on, there should be tax increases. Speaking personally, I think there are a lot of rich people out there who we can tax at a point down the road to recover some of this money.

    That’s one campaign promise that Barney Frank DOES plan to keep. Higher Taxes, Higher Deficits, More Spend, Spend, Spend.

  43. #508535
    On October 21st, 2008 at 10:43 am, cicerokid said:

    Barney Frank salivating is a mental picture I can do without.

  44. #508536
    On October 21st, 2008 at 10:44 am, Gorebot said:

    Osama was right, in a way.

    The abject stupidity of the American electorate validates the question of whether or not the nation has any business surviving.

    No wonder fascist dictators have the appeal they do.

    Ergo: no wonder Obama is doing so well.

  45. #508538
    On October 21st, 2008 at 10:45 am, publiuswarmac9999 said:

    The answer is a massive tax cut and a major reduction in the size and scope of government. McCain has said he will impose a government spending freeze except for —- . Obama is just itching to raise taxes and he will do so immediately regardless of his statements.

    By the way, a stimulus check is nothing more than welfare as a lot of it goes to people who pay no taxes – much like the obama tax cut to people who pay no taxes. Actually, the stimulus will not work to promote the economic recovery because no business and no person can plan for the future based on such a thing. Think of it this way: You find a $20 bill laying in the gutter. You pick it up and put it in your wallet – it is found money. However, you can’t plan that tomorrow you will find another $20 bill laying in the gutter and, therefore, you cannot base your future activity on it.

    If obama is elected along with a dominant Democrat House and Senate, you can bet on more socialist tax and spend politics. The eventual result will be economic disaster – and there is plenty of proof of just how great a disaster by looking at the FDR and then Johnson/Carter years.

  46. #508539
    On October 21st, 2008 at 10:45 am, ArizonaNeanderthal said:

    I can’t believe the dnc actualy opposes cleaning out fraudulent registrations in Ohio.

    Believe. It has been the Democrats SOP for generations. Add the Dictatorship of the Proletariat to the mix and it is not a fraud-it is policy.

    ALCOHOL, TOBACCO AND FIREARMS
    Should be a convenience store
    NOT a Government Agency

  47. #508540
    On October 21st, 2008 at 10:46 am, cicerokid said:

    On October 21st, 2008 at 10:09 am, Stubby said:
    I don’t know one person who feels they are in some kind of financial crisis.

    Absolutely stubby. My wife and I were discussing that same statement yesterday. This is all smoke and mirrors. I say again: let it play out.

  48. #508541
    On October 21st, 2008 at 10:46 am, DBNinKY said:

    That’s one campaign promise that Barney Frank DOES plan to keep. Higher Taxes, Higher Deficits, More Spend, Spend, Spend.

    Between Reid, Pelosi, Dodd, Frank, etc., we will all kiss our dreams of retirement and a secure future goodbye under an Obama administration!

    McCain-Palin `08!

  49. #508542
    On October 21st, 2008 at 10:47 am, dlabedz said:

    Spend, spend, spend…In other words: The stimulus will stimulate more of the same bad behavior that got people into trouble in the first place.

    Brilliant.

    Michelle is so on the mark. The last time Michelle on with Neal Cavuto, she made more economic sense about the current situation than all the pointy headed -so called economic experts-. These experts have been wrong as to explaining what happened, and are clueless as to what will happen.

    We need more Michelle Malkin!

  50. #508544
    On October 21st, 2008 at 10:49 am, magicarb said:

    “This is an investment, not an expenditure, and there is no reason to believe that this program will cost taxpayers anything,” said Henry Paulson.

    This is an exhibition, not a competition.
    Please, no wagering.

  51. #508546
    On October 21st, 2008 at 10:50 am, pueblo1032 said:

    You people!!! When are you going to learn??? It’s their MONEY not yours… They are letting you use it, until they need it… Then you give them what’s left… You got that??? I don’t want to have to tell you again!!!

  52. #508549
    On October 21st, 2008 at 10:53 am, Flyoverman said:

    A question: An economist I am not, but if we encouraged people to save would that not make more money available for banks to extend as credit?

    I would think that at this point you would encourage people to put any rebate in the bank to imrove their capitalization and thuse ease the credit situation. Falling gas and food prices will provide the economic stimulus on their own.

    A month ago, I needed almost $60 to fill my car. Today, I filled it for less than $40. Do the math.

  53. #508552
    On October 21st, 2008 at 10:56 am, WarEagle82 said:

    “This is an investment, not an expenditure, and there is no reason to believe that this program will cost taxpayers anything,” said Henry Paulson.

    No, Hank, this is organized, state-sponsored looting of the national treasury. There is EVERY REASON to believe that this program will be the final push into socialism and complete bankruptcy for the nation.

    Excuse me, but I never voted for Hank Paulson for anything. Why does he have $1 Trillion of taxpayer money to award to his friends?

    Bush has been an utter disaster domestically and fiscally. I am done with the GOP.

    Limit government. Restore the Constitution. Vote Constitution Party in 2008!

  54. #508555
    On October 21st, 2008 at 10:56 am, nlebou said:

    I’m going to quit my job. My home is paid for…. if they keep sending me money why work? sheeeesh

  55. #508559
    On October 21st, 2008 at 10:57 am, MarcoPolo said:

    Yea! I got a ton of deductions on my taxes, but a lot of non-home owners don’t.

    Their taxes are actually subsidizing my bailouts!

    Wealth distribution is turning out to be like the lottery! A tax on the stupid!

  56. #508560
    On October 21st, 2008 at 10:58 am, sonofdy said:

    Dems in congress:

    I spend what I want and you will pay for it. Now shut up peasants and PAY YOUR TAXES

    dem mode off/

  57. #508563
    On October 21st, 2008 at 10:59 am, sonofdy said:

    sadly the above has applied to the gop the last few years as well, sigh…

  58. #508565
    On October 21st, 2008 at 11:00 am, FamilyMan said:

    The result of extreme government spending and the resulting gargantuan deficit will be INTENTIONAL hyper-inflation. How else will the government grow out of the debt?

  59. #508574
    On October 21st, 2008 at 11:03 am, sonofdy said:

    INTENTIONAL hyper-inflation

    The only benefit to this is it will be easier to pay off my debts as long as my pay keeps up. Germany circa 1932. 100,000,000 marks for a loaf of bread.

  60. #508575
    On October 21st, 2008 at 11:03 am, MarcoPolo said:

    “This is an investment, not an expenditure, and there is no reason to believe that this program will cost taxpayers anything,” said Henry Paulson.

    I wondered about this. eBay, despite having 3 billion in cash stashed in offshore accounts, decided to hog $1 billion of our preciously tight credit from BOA to buy a “buy now, pay later” service.

    Because BOA was dragged into the cesspool of government intervention by Paulson, it is essentially our money being used to finance eBay’s expansion.

    Now, as such, Paulson is maintaining that we will theoretically get that money back at a profit, in the form of interest.

    How does that pan out, when eBay writes that interest off their taxes?

    Answer: it does not pan out. We’re getting screwed. But I guess we knew that.

  61. #508578
    On October 21st, 2008 at 11:04 am, rightwingrocker said:

    If obama is elected along with a dominant Democrat House and Senate, you can bet on more socialist tax and spend politics.

    Bend over.

    You’re getting that if McCain wins too.

    RWR
    http://www.rightwingrocker.com

  62. #508581
    On October 21st, 2008 at 11:05 am, WarEagle82 said:

    Keep this in mind as you prepare to go to the polls.

    Vote Constitution Party in 2008. Save our nation from Socialist Assisted Suicide!

    “Civilizations die from suicide, not murder. — Arnold Toynbee

  63. #508585
    On October 21st, 2008 at 11:08 am, conservativesRus said:

    Speaking personally, I think there are a lot of rich people out there who we can tax at a point down the road to recover some of this money.

    I love how he thinks it’s his job to reduce the wealth of those HE deems rich. Has it occurred to any of those who vote for him (or anybody who favors income redistribution) that taking from the rich is no more “fair” that say taking from those with blond hair or those with size 7 shoes.

  64. #508593
    On October 21st, 2008 at 11:14 am, Gorebot said:

    If only Flight 93 had been allowed to hit its target (in exchange for the other three planes not hitting theirs, of course).

    Had Congress been in full session at the time, so much of this would have been prevented.

    Sigh.

  65. #508604
    On October 21st, 2008 at 11:20 am, rplatt said:

    It’s too bad we can’t just load everyone of those worthless politicians on a fleet of aircraft and deliver them to some third world country. if the founding fathers knew how these idiots have trashed their constitution and their ideals they’d be doing flip flops in their graves.

  66. #508607
    On October 21st, 2008 at 11:20 am, granite said:

    On October 21st, 2008 at 11:14 am, Gorebot said:

    If only Flight 93 had been allowed to hit its target (in exchange for the other three planes not hitting theirs, of course).

    Had Congress been in full session at the time, so much of this would have been prevented.

    Sigh.

    I’m not trying to act like a teacher or a disciplinarian, but…do you really want to post that comment?
    With respect, it sounds very wrong, very bush league (absolutely no pun intended); it sounds like something the socialists/adolescents/anarchists/statists/nihilists would post.

  67. #508611
    On October 21st, 2008 at 11:22 am, JDinTX said:

    Hey. What are we worried about? B. Hussein Obama has promised he won’t raise taxes on us poor working people. He is going to give all of us rebates. Sarcasm off.
    Obama is telling us on Fox News right now that McCain is wanting to give tax cuts to those who don’t need it, but I thought people who don’t work and are on welfare don’t need tax cuts either. Why should anyone get a rebate if they don’t work? He will never understand that the rich people of this country who pay most of the taxes now provide jobs for the rest.

  68. #508612
    On October 21st, 2008 at 11:22 am, America1st said:

    How about instead of”doing something” they try doing the RIGHT SOMETHING. Novel idea, but since they have YET TO TRY IT, how about now.

    On Obama’s socialism, how come no one discusses the fact that Obamas redistribution (an extra thousand or two a year) is not gonna do ANYTHING to make anyone’s life appreciably better. They will have an extra tv or some new clothes or some “thing” equally meaningless.

    The main point is that the cost for accomplishing this will be killing jobs and the standard of living for all people in our once great country.

    He is buying votes from idiots who will be worse off under his plan and making US pay for it.

  69. #508616
    On October 21st, 2008 at 11:25 am, maisy said:

    It is a terrible comment….and I have slapped myself many times for thinking it! But when it comes down to it…..sacrifice for the survival of the country may have been worth it…………..I really think they are trying to destroy this country. The massive give-away goes on and on……….It is depressing how crazy things have gotten….Could there possibly be that many politicians with evil intent? It is like watching a great friend die a slow and painful death.

  70. #508621
    On October 21st, 2008 at 11:29 am, Gorebot said:

    On October 21st, 2008 at 11:20 am, granite said:

    I’m not trying to act like a teacher or a disciplinarian, but…do you really want to post that comment?

    Newsflash:

    Rhetorical retrospective whimsy is not a crime.

    At least not yet…

  71. #508626
    On October 21st, 2008 at 11:31 am, granite said:

    On October 21st, 2008 at 11:25 am, maisy said:

    It is a terrible comment….

    My post considered the comment wrong because it used the crash of the poor, blessed (excluding the Muslim hijackers, ‘course) folks on the airliner to make its point…not because it considered that the elimination of all of Congress, and starting over completely, would be a good thing.

    The point of the comment, itself, cannot be disagreed with.

  72. #508627
    On October 21st, 2008 at 11:32 am, RabbidSquirrel said:

    On October 21st, 2008 at 11:20 am, granite said:

    On October 21st, 2008 at 11:14 am, Gorebot said:

    I’m not trying to act like a teacher or a disciplinarian, but…do you really want to post that comment?

    Its been posted before so it has already been vetted by the higher ups! ;)

    Sometimes we all go to the well for our classical stock! (Some of us more than others lol)

  73. #508629
    On October 21st, 2008 at 11:33 am, granite said:

    On October 21st, 2008 at 11:29 am, Gorebot said:

    On October 21st, 2008 at 11:20 am, granite said:

    I’m not trying to act like a teacher or a disciplinarian, but…do you really want to post that comment?
    Newsflash:

    Rhetorical retrospective whimsy is not a crime.

    At least not yet…

    Reciprocated newsflashes:

    1) Never said it was.

    2) I’m a private citizen with an opinion, not the government.

  74. #508631
    On October 21st, 2008 at 11:34 am, cheapseat said:

    compassionate conservatism is sophisticate speak for rino. hire a dem and he will spend other peoples money with wild abandon. paulson is a dem. and always has been.

  75. #508636
    On October 21st, 2008 at 11:35 am, tyrfing said:

    All Right! More free money! Money is free isn’t it? What, its not?? darn.

  76. #508639
    On October 21st, 2008 at 11:36 am, dan708 said:

    So let me get this straight – our country is already in dire financial straits partly because interest on the multi-trillion dollar national debt is a huge part of the federal budget. So let’s borrow more? WHAT???!!!

  77. #508642
    On October 21st, 2008 at 11:37 am, Ahh a Lion! said:

    So both presidential candidates are supportive of economic “stimulation”, both candidates are supportive of corporate bailouts, both are supportive of moral-hazard-laced bailouts of delinquent mortgage holders, both are supportive of deficit spending, both are supportive of the thought that government can ‘manage’ the economy.

    Honestly, everything that the government is doing right now is socialism. It’s borderline retarded to harp on ‘Joe the Plumber’ and Obama’s ’spread the wealth’ message, when socialism of an unprecedented scale is happening right now. We know that Obama supports socialism – it doesn’t take a rocket scientist to figure that out, what we should be doing is holding McCain’s feet to the fire here. He bitches about Obama’s ’spread the wealth’, then why does he support government renegotiation of delinquent mortgages? He says he’s a federalist, then why does he support No Child Left Behind? He says he’ll veto any pork-filled bill that comes across his desk, then why did he vote yes on the bailout bill with 150 billion of pork?

    Seriously, does this election even matter? I guess if Obama gets in the Republicans might start acting conservative. If McCain gets in, will there be anyone to fight against socialism?

  78. #508643
    On October 21st, 2008 at 11:37 am, RabbidSquirrel said:

    Rhetorical retrospective whimsy …

    LOL I note that you did not copyright your posting. I am now co-opting your turn of phrase. (pwned)

  79. #508645
    On October 21st, 2008 at 11:38 am, rightwingrocker said:

    So let me get this straight – our country is already in dire financial straits partly because interest on the multi-trillion dollar national debt is a huge part of the federal budget. So let’s borrow more? WHAT???!!!

    Ask Oblahma and JohnnyMac.

    They voted for the thing …

    KEYES/ROHRBOUGH ‘08

    RWR
    http://www.rightwingrocker.com

  80. #508648
    On October 21st, 2008 at 11:39 am, JT said:

    Spread this around. I bet some Obama supporters would be surprised by the result.

    http://www.barackobamatest.com/

  81. #508659
    On October 21st, 2008 at 11:42 am, Gorebot said:

    On October 21st, 2008 at 11:32 am, RabbidSquirrel said:

    Its been posted before so it has already been vetted by the higher ups!

    Yes, when one starts plagiarizing oneself, it’s time to “move on” (sorry for using such a repugnant term!).

    And yes, of course, the concocted scenario I depicted (ie, Congress being wiped out in a monumentally sinister act) does tend to detract from the underlying point.

    It’s just that, when the idiot voters keep reflexively calling the very same arsonists to put out the fire they already started, one can at least begin to comprehend the desperate insanity of the bin-Laden buried deep in all of us.

  82. #508660
    On October 21st, 2008 at 11:42 am, Ahh a Lion! said:

    Is there any real discernible difference between the two candidate’s positions?

  83. #508661
    On October 21st, 2008 at 11:43 am, granite said:

    On October 21st, 2008 at 11:34 am, cheapseat said:

    compassionate conservatism is sophisticate speak for rino.

    Bingo!

    Same BS “sophisticate speak” as in the way “investments” is, since that ______ (insert adjective here), Clinton, introduced the term as a smokescreen for “spending the taxpayers’ money” in the early 90s.

  84. #508663
    On October 21st, 2008 at 11:43 am, nyc123me said:

    This will be to placate the bulk of those still questioning Congress’ motives.. kind of a “play along, and we’ll give you more cash” deal.

  85. #508680
    On October 21st, 2008 at 11:47 am, Ahh a Lion! said:

    In the next two years, or maybe even sooner, every cent of taxpayer money will go toward interest on the national debt. This country is completely broke, and soon the countries who have lent us their money to finance our spending and consumption will lose faith in this country’s ability to repay. If people think McCain will not raise taxes then they are delusional. The years ahead are going to be really hard.

  86. #508685
    On October 21st, 2008 at 11:50 am, granite said:

    On October 21st, 2008 at 11:42 am, Gorebot said:

    And yes, of course, the concocted scenario I depicted (ie, Congress being wiped out in a monumentally sinister act) does tend to detract from the underlying point.

    It’s just that, when the idiot voters keep reflexively calling the very same arsonists to put out the fire they already started, one can at least begin to comprehend the desperate insanity of the bin-Laden buried deep in all of us.

    After all is said and done, I agree completely with you.

    Unlike the the airline passengers, Congress is not innocent, by any, even unreasonable, stretch of the imagination.

    …idiot voters keep reflexively calling the very same arsonists to put out the fire they already started….

    Yep.
    To repeat myself: the socialists start the fire, then keep sreaming for more gasoline with which to put it out!
    Idiots….
    Dangerous idiots….

  87. #508689
    On October 21st, 2008 at 11:51 am, John Ansell said:

    If Execs get 10’s of millions in bonuses for failing, We should at least get 100’s of millions for Successfully bailing their arses out. :evil: (that’s per person.)

  88. #508693
    On October 21st, 2008 at 11:52 am, John Ansell said:

    I wonder how many of the first checks went to Obama’s campaign.

  89. #508696
    On October 21st, 2008 at 11:52 am, RabbidSquirrel said:

    And yes, of course, the concocted scenario I depicted (ie, Congress being wiped out in a monumentally sinister act) does tend to detract from the underlying point.

    So was Tom Clancy a visionary? or did he plant the seed to 9/11? Or is he part of the conspiracy….

  90. #508698
    On October 21st, 2008 at 11:53 am, Rogue Cheddar said:

    Time to secede from the Union folks! They can have New York and California!

  91. #508717
    On October 21st, 2008 at 12:00 pm, WarEagle82 said:

    Ironically, Tom Clancy developed a scenario where a Japanese pilot flew a 747 into the Capitol and wiped out most of the US government including the House, Senate, President and Supreme Court in his book “Debt of Honor” in 1994.

    The idea is old. Personally, I don’t find it a topic I would joke about but then I have had nearly a dozen friends killed by terrorists since 1998.

    I despise the leftists who are in power now. But, I wouldn’t wish ill on them or their families.

  92. #508726
    On October 21st, 2008 at 12:04 pm, dominigan said:

    When in the Course of human events, it becomes necessary for one people to dissolve the political bands which have connected them with another, and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature and of Nature’s God entitle them, a decent respect to the opinions of mankind requires that they should declare the causes which impel them to the separation.

    We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness. Prudence, indeed, will dictate that Governments long established should not be changed for light and transient causes; and accordingly all experience hath shewn, that mankind are more disposed to suffer, while evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security.

    Or is this just some document to be buried in the dustbin of history?

  93. #508729
    On October 21st, 2008 at 12:06 pm, granite said:

    On October 21st, 2008 at 12:00 pm, WarEagle82 said:

    I despise the leftists who are in power now. But, I wouldn’t wish ill on them or their families.

    At least, not yet.

    How long before the increasing, worsening threat and peril the socialists are imposing on us become “mortal” enough to provoke an explosive, fight-for-survival response?

    Because, clearly, “things” in our country, as arranged and orchestrated by the socialists over the past 40+ years, cannot continue indefinitely.

  94. #508732
    On October 21st, 2008 at 12:06 pm, dominigan said:

    I’m not suggesting armed revolution… yet. But I thought we all needed a reminder of what our country once stood for, and the ideals for which our Founders fought and died.

  95. #508734
    On October 21st, 2008 at 12:07 pm, Ahh a Lion! said:

    Now when we say socialists we are talking about both Democrats and Republicans right?

  96. #508738
    On October 21st, 2008 at 12:09 pm, normsrevenge said:

    Mo’ Money!

    Mo’ Money!

    Mo’ Money!

    What a Country!

  97. #508741
    On October 21st, 2008 at 12:14 pm, greenfairie said:

    Proof positive that the rise of the professional politician is the worst thing that has ever happened to representative democracy.

  98. #508744
    On October 21st, 2008 at 12:16 pm, WarEagle82 said:

    Well, granite, there may come a point when I might consider more vigorous action to reclaim my freedoms are necessary. I have not concluded that I cannot redress my grievances via the ballot box. Should I ever reach that conclusion I would be faced with some very difficult choices.

    I suspect that you are not ready to make those difficult choices yet either for if you were you wouldn’t be in this forum chatting up everyone but would be out stocking your survival shelter with food, arms and ammunition.

    But, rest assured, murdering or wishing someone else to murder my political opponents is not something I can condone or support. And joking about it is in poor taste at the very least.

    On October 21st, 2008 at 12:06 pm, granite said:

    On October 21st, 2008 at 12:00 pm, WarEagle82 said:

    I despise the leftists who are in power now. But, I wouldn’t wish ill on them or their families.

    At least, not yet.

    How long before the increasing, worsening threat and peril the socialists are imposing on us become “mortal” enough to provoke an explosive, fight-for-survival response?

    Because, clearly, “things” in our country, as arranged and orchestrated by the socialists over the past 40+ years, cannot continue indefinitely.

  99. #508755
    On October 21st, 2008 at 12:22 pm, granite said:

    On October 21st, 2008 at 12:16 pm, WarEagle82 said:

    I agree with you.
    You are correct.

    And, I see nothing to joke about, believe me.

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