So how's your economic stimulus checks working for you? - GoFuckYourself.com

sortie · 09-29-2008, 12:39 PM

What a waste of tax revenue.

Could have bought some failed mortages with that money before the shit hit the fan.

http://en.wikipedia.org/wiki/Economi...us_Act_of_2008

Quote:

The Economic Stimulus Act of 2008 (Pub.L. 110-185, 122 Stat. 613, enacted 2008-02-13) is an Act of Congress providing for several kinds of economic stimulus intended to boost the United States economy in 2008 and to avert or ameliorate a recession. The stimulus package was passed by the U.S. House of Representatives on January 29, 2008, and in a slightly different version by the U.S. Senate on February 7, 2008. The Senate version was then approved in the House the same day. It was signed into law by President George W. Bush on February 13, 2008.[2] The law provides for tax rebates to low- and middle-income U.S. taxpayers, tax incentives to stimulate business investment, and an increase in the limits imposed on mortgages eligible for purchase by government-sponsored enterprises. The total cost of this bill was projected at $152 billion for 2008 with an additional $124 billion to be spent over the next 10 years.

And this was the second payoff. Don't forget the 2001 "tax rebate".

uno · 09-29-2008, 12:40 PM

Hmm I still didn't get mine yet. I should call the IRS.

sortie · 09-29-2008, 12:43 PM

Quote:

Originally Posted by uno

Hmm I still didn't get mine yet. I should call the IRS.

Too late, they'd have to get a loan to pay you and the banks are now closed.

</sarcasm>

HorseShit · 09-29-2008, 12:49 PM

i don't even remember what I spent that 600 on probably booze and whores

mynameisjim · 09-29-2008, 12:52 PM

I used my stimulus check to invest in AIG.

Nikki_Licks · 09-29-2008, 12:53 PM

I spent mine on toys for the models

But you are right, that money could have been better used for something else besides another stupid ass plan from bush.

sortie · 09-29-2008, 12:53 PM

Quote:

Originally Posted by mynameisjim

I used my stimulus check to invest in AIG.

stevo · 09-29-2008, 12:56 PM

I think my tax rebate went towards paying my taxes

Pete-KT · 09-29-2008, 12:56 PM

I think i used mine to buy toys with for my boat

HorseShit · 09-29-2008, 12:58 PM

now that I remember correctly I'm right, spent it at Platinum Plus

96ukssob · 09-29-2008, 01:21 PM

Quote:

Originally Posted by uno

Hmm I still didn't get mine yet. I should call the IRS.

I just realized this today... didnt get mine either. although i think i only get like $100, its still $100 i didnt have before

directfiesta · 07-10-2011, 12:55 PM

So, how was that stimulus check for you guys ????

Happy to see that it was OK to raise debt in 2008 ....

SPEND, GOP, SPEND |||

marketsmart · 07-10-2011, 12:58 PM

they would have been better off giving the bank bailout money to the public...

the money would have been dumped right back into the economy..

.

Houdini · 07-10-2011, 01:10 PM

Quote:

Originally Posted by directfiesta

So, how was that stimulus check for you guys ????

Happy to see that it was OK to raise debt in 2008 ....

SPEND, GOP, SPEND |||

"The fact that we are here today to debate raising America?s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can?t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government?s reckless fiscal policies. ? Increasing America?s debt weakens us domestically and internationally. Leadership means that ?the buck stops here. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better."

-Barack Obama 2006

GregE · 07-10-2011, 01:12 PM

Quote:

Originally Posted by marketsmart

they would have been better off giving the bank bailout money to the public...

the money would have been dumped right back into the economy...

Where it belongs.

As crazy as that idea sounds to some people, I have yet to hear a convincing argument why it wouldn't have resulted in a much, much better outcome.

BFT3K · 07-10-2011, 01:16 PM

Quote:

Originally Posted by Houdini

"The fact that we are here today to debate raising America?s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can?t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government?s reckless fiscal policies. ? Increasing America?s debt weakens us domestically and internationally. Leadership means that ?the buck stops here. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better."

-Barack Obama 2006

Here is the longer version, which doesn't make it any less poignant...

The fact that we are here today to debate raising America?s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can?t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government?s reckless fiscal policies.

Over the past 5 years, our federal debt has increased by $3.5 trillion to $8.6 trillion.That is ?trillion? with a ?T.? That is money that we have borrowed from the Social Security trust fund, borrowed from China and Japan, borrowed from American taxpayers. And over the next 5 years, between now and 2011, the President?s budget will increase the debt by almost another $3.5 trillion.

Numbers that large are sometimes hard to understand. Some people may wonder why they matter. Here is why: This year, the Federal Government will spend $220 billion on interest. That is more money to pay interest on our national debt than we?ll spend on Medicaid and the State Children?s Health Insurance Program. That is more money to pay interest on our debt this year than we will spend on education, homeland security, transportation, and veterans benefits combined. It is more money in one year than we are likely to spend to rebuild the devastated gulf coast in a way that honors the best of America.

And the cost of our debt is one of the fastest growing expenses in the Federal budget. This rising debt is a hidden domestic enemy, robbing our cities and States of critical investments in infrastructure like bridges, ports, and levees; robbing our families and our children of critical investments in education and health care reform; robbing our seniors of the retirement and health security they have counted on.

Every dollar we pay in interest is a dollar that is not going to investment in America?s priorities.

Senator Barack Obama
Senate Floor Speech on Public Debt
March 16, 2006

IllTestYourGirls · 07-10-2011, 01:20 PM

It is insanity that we are borrowing more money to pay off money we borrowed. Spending has to be drastically cut. Once that happens I would consider raising some taxes. Raising taxes without DRASTICALLY cutting, Im talking cutting 500 billion a year every year for a few years, is just a distraction from more fleecing of the middle class.

MaDalton · 07-10-2011, 01:37 PM

Quote:

Originally Posted by Pete-KT

I think i used mine to buy toys with for my boat

i wonder how that worked out

GARY LEE · 07-10-2011, 03:03 PM

Obama saw our latest video on our site with him in it and got pissed and tore mine up.

09-29-2008, 12:40 PM	#2
uno RIP Dodger. BEST.CAT.EVER Industry Role: Join Date: Dec 2002 Location: NYC Area Posts: 18,450	Hmm I still didn't get mine yet. I should call the IRS. __________________ -uno icq: 111-914 CrazyBabe.com - porn art MojoHost - For all your hosting needs, present and future. Tell them I sent ya!

09-29-2008, 12:52 PM	#5
mynameisjim Confirmed User Join Date: Aug 2007 Posts: 2,985	I used my stimulus check to invest in AIG. __________________ jim (at) amateursconvert . com Amateurs Convert

09-29-2008, 12:53 PM	#6
Nikki_Licks Confirmed User Join Date: May 2005 Location: Behind The Lens Posts: 6,323	I spent mine on toys for the models But you are right, that money could have been better used for something else besides another stupid ass plan from bush. __________________ Amateur Content ICQ: 292 356 077 Last edited by Nikki_Licks; 09-29-2008 at 12:55 PM..

07-10-2011, 12:55 PM	#12
directfiesta Too lazy to set a custom title Industry Role: Join Date: Oct 2002 Location: Montreal, Quebec Posts: 29,667	So, how was that stimulus check for you guys ???? Happy to see that it was OK to raise debt in 2008 .... SPEND, GOP, SPEND \|\|\| __________________ I know that Asspimple is stoopid ... As he says, it is a FACT ! But I can't figure out how he can breathe or type , at the same time ....

07-10-2011, 01:20 PM	#17
IllTestYourGirls Ah My Balls Industry Role: Join Date: Feb 2007 Location: Under the gold leaf ICQ 388-454-421 Posts: 14,311	It is insanity that we are borrowing more money to pay off money we borrowed. Spending has to be drastically cut. Once that happens I would consider raising some taxes. Raising taxes without DRASTICALLY cutting, Im talking cutting 500 billion a year every year for a few years, is just a distraction from more fleecing of the middle class. __________________

09-29-2008, 12:49 PM	#4
HorseShit Too lazy to set a custom title Join Date: Dec 2004 Posts: 17,513	i don't even remember what I spent that 600 on probably booze and whores

09-29-2008, 12:56 PM	#8
stevo Confirmed User Join Date: Aug 2002 Location: Orlando, Florida Posts: 2,051	I think my tax rebate went towards paying my taxes

09-29-2008, 12:56 PM	#9
Pete-KT Workin With The Devil Industry Role: Join Date: Oct 2004 Location: West Bloomfield, MI Posts: 51,532	I think i used mine to buy toys with for my boat

09-29-2008, 12:58 PM	#10
HorseShit Too lazy to set a custom title Join Date: Dec 2004 Posts: 17,513	now that I remember correctly I'm right, spent it at Platinum Plus

07-10-2011, 12:58 PM	#13
marketsmart HOMICIDAL TROLL KILLER Industry Role: Join Date: Dec 2004 Location: Sunnybrook Institution for the Criminally Insane Posts: 20,419	they would have been better off giving the bank bailout money to the public... the money would have been dumped right back into the economy.. .

07-10-2011, 03:03 PM	#19
GARY LEE Confirmed User Industry Role: Join Date: Aug 2007 Location: Paso Robles, CA. U.S.A. Posts: 600	Obama saw our latest video on our site with him in it and got pissed and tore mine up. __________________ amateur porn videos lipstick lesbians