Why do we need a new stimulus if 85% of the first one hasn't been spent? - GoFuckYourself.com

Kard63 · 07-08-2009, 07:55 AM

Why do we need a new stimulus if 85% of the first one hasn't been spent?

I believe in Keynesian Economics and the bailout was 92% perfect but the last month has been all about Obama's flaming liberal values. I think the stimulus is only coming out so slowly so has better odds of getting support for a 2nd stimulus.

Rochard · 07-08-2009, 09:47 AM

I just read a book by Congressman John Murtha detailing how we got to the point of 9/11, and in the book he mentions that everyone seems to think that a bill or law is passed, goes into effect, and that's that. The truth is more like when there is money involved, it takes years to get to it's destination - Details on how to disburse the money has to be made, contracts have to be bid on, etc.

What a fucked up system we have.

96ukssob · 07-08-2009, 10:03 AM

fucking stupid IMO. giving people back "stimulus" money is the worst idea. guess what they spent it on? Booze, food or other crap they did not need.

Instead, they should of just reduced the amount of taxes out of your check. Most people get raped by 25-28% on each check, but if they lowered that by 2-3% or so, that would be more money spread out over a greater period of time preventing people from blowing it on non essential "stimulus" items.

correct me if i'm wrong, but wasnt the point of this to get the economy to grow?

Robbie · 07-08-2009, 10:08 AM

Quote:

Originally Posted by Kard63

Why do we need a new stimulus if 85% of the first one hasn't been spent?

Because some people didn't get rich enough on the first money grab?

pornguy · 07-08-2009, 10:37 AM

Quote:

Originally Posted by Robbie

Because some people didn't get rich enough on the first money grab?

Does it make me a conspiracy nut to say I agree with that 100% If they had wanted to actually help the economy they would ahve given the money to the people not the businesses.

grumpy · 07-08-2009, 10:38 AM

solving debts with bigger debts wont work!!

CIVMatt · 07-08-2009, 10:39 AM

Because nobody has any fucking clue what they are doing

pornguy · 07-08-2009, 10:54 AM

Quote:

Originally Posted by CIVMatt

Because nobody has any fucking clue what they are doing

Hey, I know what...Im.. err. what was I doing?

theking · 07-08-2009, 10:58 AM

Quote:

Originally Posted by bossku69

fucking stupid IMO. giving people back "stimulus" money is the worst idea. guess what they spent it on? Booze, food or other crap they did not need.

Instead, they should of just reduced the amount of taxes out of your check. Most people get raped by 25-28% on each check, but if they lowered that by 2-3% or so, that would be more money spread out over a greater period of time preventing people from blowing it on non essential "stimulus" items.

correct me if i'm wrong, but wasnt the point of this to get the economy to grow?

It is my understanding that payroll taxes have been reduced.

ottyhotties · 07-08-2009, 11:25 AM

Quote:

Originally Posted by theking

It is my understanding that payroll taxes have been reduced.

Yes, there was a $400 payroll tax deduction for individuals and $800 for married couples. Rates were unchanged which means (depending on withholdings) some could be paying taxes next year when they weren't expecting to pay taxes. Shouldn't be too much of a problem though they did update the tax tables and Human Resource departments are typically pretty good at getting the withholdings right. 10% will probably be unhappy because small business owners aren't as good doing withholdings and don't keep up with changes until tax time comes.

I rarely support Obama but the payroll deduction was a good thing in the stimulus bill -- a Republican idea he reluctantly supported. Still he supported it so good job Obama!

pornguy · 07-08-2009, 11:30 AM

Oh Yeah and that put a TON of money back into the pockets of the people that can really stimulate the economy.. Tons and tons. Should have just payed that 70 billion to the people that pay taxes in the first place and that would have fixed the issues.

seeandsee · 07-08-2009, 11:46 AM

Quote:

Originally Posted by grumpy

solving debts with bigger debts wont work!!

Fletch XXX · 07-08-2009, 11:50 AM

Quote:

Originally Posted by CIVMatt

Because nobody has any fucking clue what they are doing

and they keep voting to raise their salaries and increasing their daily spending allowance, I think Nancy Pelosi has something like $200 allowance/per day on top of her salary LOL thats more than most Americans make, just in free money for her to blow on food, expenses etc...

DaddyHalbucks · 07-08-2009, 07:16 PM

The stimulus is all about paying back Obama's campaign supporters.

It has not stimulated the economy, it has burdened it more.

cherrylula · 07-08-2009, 07:29 PM

Dick Cheney could fix it.

DateDoc · 07-08-2009, 07:33 PM

The best part of the stimulus is that it was supposed to create new jobs. Unfortunately, while it created 150,000 jobs (or saved jobs) 2,000,000 more people have lost their job since it was passed. The stimulus, according to the White House, would stop unemployment from going above 8% nationwide. It is now at 9.5%. I say do not spend the rest of the stimulus money and do not add any more debt to the country.

Kevin Marx · 07-08-2009, 08:23 PM

As soon as they are done with payback, maybe they will try to get things fixed. Don't bet on it.

What a mess. The whole political system needs an overhaul. It has been abused beyond repair.

07-08-2009, 07:55 AM	#1
Kard63 Confirmed User Join Date: Nov 2003 Location: 237 619 975 Posts: 8,944	Why do we need a new stimulus if 85% of the first one hasn't been spent? Why do we need a new stimulus if 85% of the first one hasn't been spent? I believe in Keynesian Economics and the bailout was 92% perfect but the last month has been all about Obama's flaming liberal values. I think the stimulus is only coming out so slowly so has better odds of getting support for a 2nd stimulus. __________________

07-08-2009, 09:47 AM	#2
Rochard Jägermeister Test Pilot Industry Role: Join Date: Dec 2001 Location: NORCAL Posts: 74,001	I just read a book by Congressman John Murtha detailing how we got to the point of 9/11, and in the book he mentions that everyone seems to think that a bill or law is passed, goes into effect, and that's that. The truth is more like when there is money involved, it takes years to get to it's destination - Details on how to disburse the money has to be made, contracts have to be bid on, etc. What a fucked up system we have. __________________ “The choice is no longer between right or left. The choice is between normal and crazy.” - Sarah Huckabee Sanders YNOT MAIL \| THE BEST ADULT MAILING SOLUTION

07-08-2009, 10:03 AM	#3
96ukssob So Fucking Banananananas Industry Role: Join Date: Mar 2003 Location: If I was in your ass you'd know it Posts: 12,991	fucking stupid IMO. giving people back "stimulus" money is the worst idea. guess what they spent it on? Booze, food or other crap they did not need. Instead, they should of just reduced the amount of taxes out of your check. Most people get raped by 25-28% on each check, but if they lowered that by 2-3% or so, that would be more money spread out over a greater period of time preventing people from blowing it on non essential "stimulus" items. correct me if i'm wrong, but wasnt the point of this to get the economy to grow? __________________ Email: Clicky on Me

07-08-2009, 10:38 AM	#6
grumpy Too lazy to set a custom title Join Date: Jan 2002 Location: Holland Posts: 9,870	solving debts with bigger debts wont work!! __________________ Don't let greediness blur your vision \| You gotta let some shit slide icq - 441-456-888

07-08-2009, 10:39 AM	#7
CIVMatt Amateur Pimpin Industry Role: Join Date: Aug 2004 Location: Orlando, FL Posts: 13,075	Because nobody has any fucking clue what they are doing __________________ Make easy money with Webcams

07-08-2009, 11:30 AM	#11
pornguy Too lazy to set a custom title Industry Role: Join Date: Mar 2003 Location: Homeless Posts: 62,911	Oh Yeah and that put a TON of money back into the pockets of the people that can really stimulate the economy.. Tons and tons. Should have just payed that 70 billion to the people that pay taxes in the first place and that would have fixed the issues. __________________ PornGuy skype me pornguy_epic AmateurDough The Hottes Shemales online! TChicks.com \| Angeles Cid \| Mariana Cordoba \| MAILERS WELCOME!

07-08-2009, 07:16 PM	#14
DaddyHalbucks A freakin' legend! Industry Role: Join Date: Feb 2004 Location: Las Vegas, Nevada USA Posts: 18,975	The stimulus is all about paying back Obama's campaign supporters. It has not stimulated the economy, it has burdened it more. __________________ Boner Money

07-08-2009, 07:29 PM	#15
cherrylula lol Industry Role: Join Date: Jan 2002 Posts: 15,969	Dick Cheney could fix it.

07-08-2009, 07:33 PM	#16
DateDoc Outside looking in. Industry Role: Join Date: Feb 2005 Location: To Hell You Ride Posts: 14,243	The best part of the stimulus is that it was supposed to create new jobs. Unfortunately, while it created 150,000 jobs (or saved jobs) 2,000,000 more people have lost their job since it was passed. The stimulus, according to the White House, would stop unemployment from going above 8% nationwide. It is now at 9.5%. I say do not spend the rest of the stimulus money and do not add any more debt to the country. __________________

07-08-2009, 08:23 PM	#17
Kevin Marx Confirmed User Join Date: Apr 2007 Location: Phoenix, AZ Posts: 1,888	As soon as they are done with payback, maybe they will try to get things fixed. Don't bet on it. What a mess. The whole political system needs an overhaul. It has been abused beyond repair. __________________ ICQ: 370 037 008