And your point ? Just think how GOOD the economy could have been if Obama had a clue .
Oldmanbad...
- Thread starter Monello
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easyliving45
Active Member
The economy was always a red headed stepchild under Obama because he had no clue, Trump broke the chain of underperformance simply by being a business advocate not to mention America becoming energy independent and lowering of the corporate tax rate
Have you ever taken an economics course in your life ? If you did you certainly didn't profit much from it . But then again reading comprehension is NOT your strong suit.
This_person
Well-Known Member
Hint: it wasn't labelled, argued as, or meant to be a stimulus. It's a COVID relief bill.
easyliving45
Active Member
So why did both Trump and this bill mark the previous $600 checks and now the $1400 checks as stimulus checks?
Toxick
Splat
This_person
Well-Known Member
It relieves people of the problems of government overreach by forcing business to close and thus forcing those business to lay off or fire employees. It charges people almost $6,000 to get $1400 back, which is about as stupid a bill as one can do. And, that's the best part of the bill.
Since prisoners didn't lose their jobs, it seems unreasonable to pay them to lay in prison.
easyliving45
Active Member
Please stop listening to Fox news.
First of all thats not how taxes work. The doesn't only supply $1,400 to each american it does many many other things too.
The American Rescue Plan includes:
- $1,400 per-person checks to struggling Americans
- $30 billion in rental and critical utilities assistance
- Expansion of ACA tax credits
- $20 billion for a national vaccination program
- $50 billion for an expansion of testing
- $25 billion in grants to help small restaurants remain open
- $350 billion in direct support for state and local governments
- $13 billion for nutrition programs
- $10 billion to reauthorize the State Small Business Credit Initiative
- Permanent increase of $130 million/year for child care assistance and expansion of the Earned Income Tax Credit & Child Tax Credit
- $170 billion to help K-12 schools and higher ed institutions re-open
- 100% fed reimbursement for FEMA resources
- Extensions to COVID relief programs that offer supplemental unemployment benefits and expanded paid leave for workers affected by COVID
- $30 billion for supplies and PPE for frontline workers
- $5 billion for Americans experiencing homelessness
Your exampl of spending $6,000 to get $1,400 is wrong for two reasons:
First as I showed above the bill does much more than give people $1,400
Second you cant measure it in direct effect as there is no direct line that this will increase anyones taxes as this is deficit spending.
Please educate yourself a tiny bit before wading in to conversations you clearly don't understand.
This_person
Well-Known Member
Who pays the deficit? (You really don't want to go down what this "funds".)
Don't forget the billions for Democrats TDS treatments, Tens of Billions for Nancys facelift cream, 14 billion for wrinkle remover so Chuck doesn't shrivel back into his sphincter-like appearance, 25 billion in air freshener to fumigate each room as Kamala exits....\
easyliving45
Active Member
No one. As the can keeps getting kicked down the road.
You can not make a direct correlation between the deficit and the magical $6000 number Fox told you about because the deficit will not be paid in our lifetime and therefore it is impossible to calculate what taxes will be allocated to paying it or the interest associated with it.
If this was a bill being paid for by raising taxes by a certain amount you could make the argument. You cant because it makes no sense.
This_person
Well-Known Member
You don't get economics at all, do you?
What percentage of the national budget, today, pays JUST THE INTEREST on our debt?
easyliving45
Active Member
That's a great first step.
Now draw a line from every one of your tax dollars adding up to $6000 and show that they go to that interest?
This_person
Well-Known Member
You sound like PP.
Of my tax dollars, they are distributed exactly the same way the total budget is divided.
So, what percentage of the national budget, today, goes toward just paying the interest on the national debt?
Clem72
Well-Known Member
Damn, he passed out all of those vaccines, brokered that deal, and then wrote that bill? Busy as all hell. Get this man a Nobel.
easyliving45
Active Member
Clem72
Well-Known Member
The Chinese and Saudis?
easyliving45
Active Member
You cant be serious can you?
You really think thats how it works?
I doubt you even pay $6,000 a year in taxes.
Also the approval rate for Biden's bill is up to 75%