COntinued....
Are you following me? How about not a one-month tax holiday, but six months? How about letting people keep almost their entire paychecks for one-half of a year?
So -- here are the two possible scenarios our politicians had to work with:
1.Borrow the $750 billion and let the politicians (the looters) decide how it is going to be spent to stimulate our economy.
2.Give the producers a six month period in which they owe no federal income or payroll taxes. For these six months they get to keep their checks. This puts $750 billion into the hands of American workers - American producers - to spend and invest.
Either way you are going to have to borrow $750 billion. If you give the people a six-month tax holiday the money will have to be borrowed to replace the lost revenue.
You see it, don't you? There is one huge difference between the two plans. Under the government spending scenario the politicians get to decide how the money is spent. In other words, they get the power. Remember ... power is the goal. It's everything to the political class. Politicians wanted to decide which road is built, which park is refurbished, and which research project gets additional funding. Every one of these decisions would be made based on the political capital it will generate.
Under the tax holiday plan the people, not the politicians, get to cast the ballots/dollars. Spending choices would not be made on the basis of political expediency, but on the free choices of the people. Businesses that delivered a good product and good customer service would get the votes, not politicians who delivered a pork project to their districts.
A dollar spent on a new lawnmower at the hardware store does not generate a single vote. A dollar spent on a new job mowing grass along an Interstate highway does.
So ... there was a decision to be made. Massive amounts of money were going to be borrowed and spent to stimulate our economy (or so the storyline went). But just who would get to spend the money?
Do you remember that famous Bill Clinton line? It was January of 1999. The place was Buffalo, New York. The federal government had actually collected more tax money that it needed. There was a surplus. Someone asked Clinton if, considering the surplus, there might be a tax cut. His response: "We could give it all back to you and hope you spend it right... But ... if you don't spend it right, here's what's going to happen." He then went on to describe the gloomy future of Social Security when more people are collecting benefits than paying taxes.
Sure .. it's your money. You worked for it; you earned it. That money actually represents the expenditure of a portion of your life ... and here's this politician telling you that even though he doesn't actually need that money right now, he's going to go ahead and keep it because if he returns it to its rightful owner - you - then you won't "spend it right." Now excuse me, but don't you get to decide what would be the right way and the wrong way to spend your money?
You know the rest of this story. The politicians in Washington decided that they would be doing the spending, not you. You just could not be trusted to spend it "right." So President Obama sent the word to Princess Pelosi to gather together all of the spending dreams and schemes of her Democrat members of congress and compile them into a massive spending bill. The bill would be pure pork and designed for nothing more than to secure reelections; but it would be called stimulus.
boortz.com im sure you will wont accecpt it because of the source, but the truth hurts. what a libtard, still blaming bush. lol