Extra Tax Checks this year?
snitches get stitches
Joined: May 2002
Posts: 49,696
Likes: 1
From: Portland, OR
That's the problem. This money is far from free. Regardless of where it comes from, it's cost is greater than the benefit
Free markets are notoriously great at correcting themselves. This wont be another 1929 by far. We need to let industry spend the next year rebuilding itself proper while we study what went on and see what we can do to prevent it from happening again in the future.
This sort of economic downturn is not the sign that the American economy is collapsing, but it could be if we panic about it and start throwing money we don't have at a problem that isn't being solved. Or at least it might be a sign that we no longer have an idea of how to economically conduct ourselves as a country... If we don't critically look at how we do business, things will get a fair bit worse in the next decade.
Free markets are notoriously great at correcting themselves. This wont be another 1929 by far. We need to let industry spend the next year rebuilding itself proper while we study what went on and see what we can do to prevent it from happening again in the future.
This sort of economic downturn is not the sign that the American economy is collapsing, but it could be if we panic about it and start throwing money we don't have at a problem that isn't being solved. Or at least it might be a sign that we no longer have an idea of how to economically conduct ourselves as a country... If we don't critically look at how we do business, things will get a fair bit worse in the next decade.
Yeah, but in the meantime the government can't stand by and let nothing happen while tens of thousands of people suffer due to the consequences of the economic cycle. If the government didn't do anything, the consequences for the laissez faire mentality would be far worse for both the American people and the Governments already spotty reputation with respect to timeliness on handling adversity.
Doing the whole head in the sand thing is a naive and far more dangerous mentaily to have.
RIP Woong.
Joined: May 2000
Posts: 17,284
Likes: 0
From: san jose, ca
Originally Posted by CNN
The main exception will be higher-income taxpayers - individuals earning $75,000 or more or couples earning $150,000 or more - who would get reduced rebate checks, or none at all, depending upon their income.
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CHRISTMASTIME IN IRAQ
Joined: Apr 2003
Posts: 12,413
Likes: 0
From: Bay Area
Yeah, but in the meantime the government can't stand by and let nothing happen while tens of thousands of people suffer due to the consequences of the economic cycle. If the government didn't do anything, the consequences for the laissez faire mentality would be far worse for both the American people and the Governments already spotty reputation with respect to timeliness on handling adversity.
Doing the whole head in the sand thing is a naive and far more dangerous mentaily to have.
Doing the whole head in the sand thing is a naive and far more dangerous mentaily to have.
This money isn't really to help us. It's to bribe us into thinking our government is trying to react.
