Stimulus bills head to conference

[traderx]

And, it's easy to pay the $1TR debt - every person in America pays approx $3K....that's all, $3K.

You have to compute according to households. Minor children and the poor would have a tough time coughing up $3k. We have a little more than 100 million households in America. That equates to ~ $10K per household.

Our national debt is already over $14 trillion (with a T) so now we will have total debt of $15 trillion. That equates to $143k per household.

Feel better?

 

[heathernken]

Prophetic words??

"Owners of capital will stimulate the working class to buy more and more expensive goods, houses and technology, pushing them to take more and more expensive credits, until debt becomes unbearable. The unpaid debt will lead to the bankruptcy of banks, which will have to be nationalized, and the State will have to take the road which will eventually lead to Communism. " Karl Marx, 1867

 

[scooterbug44]

Obama will work to reform congressional rules to require all legislative sessions, including committee mark-ups and conference committees, to be conducted in public.

I haven't found anything that proves they AREN'T doing this (beside the wack-a-doo site you listed). All I am hearing from other sources are what compromises and changes are being batted around w/ quotes from Repubs and Dems alike.

 

[scooterbug44]

You have to compute according to households. Minor children and the poor would have a tough time coughing up $3k. We have a little more than 100 million households in America. That equates to ~ $10K per household.

Our national debt is already over $14 trillion (with a T) so now we will have total debt of $15 trillion. That equates to $143k per household.

Feel better?

I wondered about her math to get $3k since my share of the Iraq War is currently $1,700.

 

[Lynnie]

You have to compute according to households. Minor children and the poor would have a tough time coughing up $3k. We have a little more than 100 million households in America. That equates to ~ $10K per household.

Our national debt is already over $14 trillion (with a T) so now we will have total debt of $15 trillion. That equates to $143k per household.

Feel better?

Yeah, yeah, I know.....and, everybody loves a wisea$$, too. I meant just for this proposed bill and yes I know 2/3 are childrens.

Let's try this one then: tax non-Americans who stay here more than 60 days/year.....I feel certain we can raise a great deal of $$ this way - both those who enter legally and those who do not.

 

[Santiago]

I spent more time researching my last vehicle purchased, than Congress will spend debating this Bill which is so enormous and complex, that they won't even read, nor understand! ...and FL Gov Charlie Crist can kiss my @ss. (he supports it)

I'm with you 100% on the Gov.

 

[Lynnie]

I spent more time researching my last vehicle purchased, than Congress will spend debating this Bill which is so enormous and complex, that they won't even read, nor understand! ...and FL Gov Charlie Crist can kiss my @ss. (he supports it)

Did Crist support it because there was pork for FL? I just have no idea what is in this bill~~~~~~

Anyone know/have a clear picture on this?????

 

[traderx]

Yeah, yeah, I know.....and, everybody loves a wisea$$, too. I meant just for this proposed bill and yes I know 2/3 are childrens.

Let's try this one then: tax non-Americans who stay here more than 60 days/year.....I feel certain we can raise a great deal of $$ this way - both those who enter legally and those who do not.

Unfortunately, in order to pay off our debt, we first have to stop the bleeding and nobody has the appetite to do so. In fact, we are spending more money we don't have. And btw, paying off $143k per household is just the principal. Fold in interest carrying expenses and it is an interesting number.

Okay, here is the really depressing part: this is nothing compared to unfunded liabilities handed to us by the Congress. This primarily reflects social entitlement programs. I have seen the figure of over $50 billion over the next X years.

There is no fix to this mess. Our kids and grandkids will inherit it. I hope that they will understand what a revolution is all about and take this country back from the idiots in Washington.

 

[Santiago]

Most of the items that article listed as "pork" I disagree with.

I can see a direct link between the stated goal of improving our country's infrastructure and creating construction jobs, improving health care, and stimulating the economy w/ most of them. It's money we are spending now to save $ in the future.

For example, we're already spending billions to bail out automakers, so $650 million to buy cars that are more fuel efficient (and gas prices are expected to rise again) means long term savings and money going through the faltering auto industry and into our economy.

People rail against STD prevention and anti-smoking being included, but treating the results of those are a massive cost to our government health care system.

Two that I do TOTALLY think of as dumbarse pork - honeybee insurance and the stupid analog TV conversion thing. Convert the tvs already, if they don't work you either buy a $50 converter, get cable, or a new TV. If you don't want to do this, that is your choice. Don't understand the bee thing.

They're not doing anything to improve health care, they're just trying to control it. If that's what the people(idiots) want then fine, but it should be debated on its own merits. This is total bs and has not a thing to do with stimulus.

 

[heathernken]

Unfortunately, in order to pay off our debt, we first have to stop the bleeding and nobody has the appetite to do so. In fact, we are spending more money we don't have. And btw, paying off $143k per household is just the principal. Fold in interest carrying expenses and it is an interesting number.

Okay, here is the really depressing part: this is nothing compared to unfunded liabilities handed to us by the Congress. This primarily reflects social entitlement programs. I have seen the figure of over $50 billion over the next X years.

There is no fix to this mess. Our kids and grandkids will inherit it. I hope that they will understand what a revolution is all about and take this country back from the idiots in Washington.

Here is a link to a very simple explanation of Bretton Woods II, an informal arrangement whereby pegged exchange rates have led us to the pickle we are in. Don't know what to do to fix it though, but after reading this I have a much better understanding of how this situation of being the nation's consumer is by design, and not just OUR design.


Debt Man Walking