What about the $500 "stimulus" check that all citizens will receive whether you've paid income taxes or not. That sounds reasonable. Wellfare and socialism in full effect. Why not just have a tax holiday. If the government is willing to fund a trillion dollars than why not forgo a trillion dollars in tax revenue and let the consumer reap the benefit where he dictates. Additionally it is the only way to be certain that the consumer puts his own stimulus package to work rather than save it. The entire $500 check is unlikely to get spent much to the government's chagrin.
Tuesday, January 6, 2009
$1,000,000,000,000
Is a trillion dollars in stimulus really necessary? Do we really need the package? Do you get the feeling that we're bottoming anyway? Afterall, the bad news is almost at a fever pitch and the misery and suffering is euphoric. In fact the consumers are starting to save money rather than spend it and as a consumer driven recession that has been the crux all along and therein lies the paradox of thrift.
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