Taxpayers would get checks from $600 $1200

#52
#52
The irony is that we'll be running up our deficit further 1.) to give money to people who don't pay federal income tax to start with 2.) who will just run out to WalMart to buy cheap foreign goods, 3.) further boosting our trade deficit with those countries. What a great idea! :crazy:

If Bernanke had any balls, he'd jack interest rates back up to about 5.5%, flush all the crap and bad debt out of this country's system, and fight inflation. I mean he doesn't have to go all Volcker on the interest rates, but he's printing money so fast that inflation is sure to follow. Ready for $150/barrel oil?
 
#54
#54
Nonsense OE. They're handing out just what is needed, no more and no less. People "feel" a crunch and big brother is showing them that they will always be there to get them out of it.
 
#55
#55
OrangeEmpire said:
How about the government eliminates their waste and shortages and we get more money back?
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Good luck with that. With Boomers starting to draw SS and Medicare, we've got too many citizens sucking on Uncle Sam's teat. Those entitlements ain't going to go away.

My suggestion to today's young workers - form an S-corporation and generate work through your business. You can shelter a lot more of your income from FICA taxation that way.

Only suckers are going to be still getting W-2s in the coming years.
 
#56
#56
HotlantaVol said:
Good luck with that. With Boomers starting to draw SS and Medicare, we've got too many citizens sucking on Uncle Sam's teat. Those entitlements ain't going to go away.

My suggestion to today's young workers - form an S-corporation and generate work through your business. You can shelter a lot more of your income from FICA taxation that way.

Only suckers are going to be still getting W-2s in the coming years.
Click to expand...


Of course it is crazy, but eventually the government will have to be responsible for all the waste that occurs.
 
#57
#57
HotlantaVol said:
The irony is that we'll be running up our deficit further 1.) to give money to people who don't pay federal income tax to start with 2.) who will just run out to WalMart to buy cheap foreign goods, 3.) further boosting our trade deficit with those countries. What a great idea! :crazy:

If Bernanke had any balls, he'd jack interest rates back up to about 5.5%, flush all the crap and bad debt out of this country's system, and fight inflation. I mean he doesn't have to go all Volcker on the interest rates, but he's printing money so fast that inflation is sure to follow. Ready for $150/barrel oil?
Click to expand...

inflation is near 50 year lows. he's doing the right thing. he just shouldn't have raised interest rates 15 straight times.
 
#58
#58
allvol123 said:
Nonsense OE. They're handing out just what is needed, no more and no less. People "feel" a crunch and big brother is showing them that they will always be there to get them out of it.
Click to expand...


Of course it is non sense, one of these days people will wake up and say, WTF!?!

:furious3:
 
#59
#59
OrangeEmpire said:
Of course it is crazy, but eventually the government will have to be responsible for all the waste that occurs.
Click to expand...
No, the taxpayers are going to be responsible for all that mess. And every year, the percentage of people who pay more taxes than they get in benefits shrinks. That's not a good trend.
 
#61
#61
droski said:
inflation is near 50 year lows. he's doing the right thing. he just shouldn't have raised interest rates 15 straight times.
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Bernanke didn't raise rates 15 times. He's only been the Fed chairman for what, a year now?

Also, there are many ways to measure inflation - the government can fib about what it considers to be inflation.

Check out the price of milk over the past 5 years... eggs... oil.... gold
 
#62
#62
OrangeEmpire said:
Why?

Why does it have to be the taxpayers?
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Because we are under the boot of the government. Good luck telling Uncle Sam that he needs to clean up the mess, and you won't pay your ever-increasing taxes to do so. I'll bake you a cake with a file in it.
 
#64
#64
HotlantaVol said:
Because we are under the boot of the government. Good luck telling Uncle Sam that he needs to clean up the mess, and you won't pay your ever-increasing taxes to do so. I'll bake you a cake with a file in it.
Click to expand...


The only thing that needs to happen is for the mindset of the people to change.

The people are the government.............

The government does not control this country........

Or at least it shouldn't....
 
#65
#65
OrangeEmpire said:
The only thing that needs to happen is for the mindset of the people to change.

The people are the government.............

The government does not control this country........

Or at least it shouldn't....
Click to expand...
I applaud your idealism. However, many people in this country are content getting their handouts, free medical care, etc while the country slowly rots. As long as they've got a warm place to sleep, with beer and a TV, they're happy.
 
#66
#66
HotlantaVol said:
I applaud your idealism. However, many people in this country are content getting their handouts, free medical care, etc while the country slowly rots. As long as they've got a warm place to sleep, with beer and a TV, they're happy.
Click to expand...


Exactly 100% correct, this country is weak!

:eek:k:
 
#72
#72
Should I post the criticism of the geostrategymap?

We could run circles around each other all day long.

:)
 
#74
#74
OrangeEmpire said:
Should I post the criticism of the geostrategymap?

We could run circles around each other all day long.

:)
Click to expand...
No, you don't need to. I'm just more skeptical of the CPI than most. But I'm old school when it comes to finances .. I don't think credit should be available to the degree it has been over the past 15 years.
 
#75
#75
HotlantaVol said:
Bernanke didn't raise rates 15 times. He's only been the Fed chairman for what, a year now?

Also, there are many ways to measure inflation - the government can fib about what it considers to be inflation.

Check out the price of milk over the past 5 years... eggs... oil.... gold
Click to expand...

he continued to raise interest rates after he took over and was a fed governor before that. the fed uses core inflation which does not include energy or food. which is 100% appropriate. raising interest rates would not help either energy or food prices. the most important thing the fed looks at is wage inflation. if you want to blame someone for your food costs going up I suggest you look at all the idiots thinking ethanol is the future for alternative energy. ethanol by itself doubled corn prices which filters into virtually every food category.
 
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