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sabra Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-24-08 10:04 AM
Original message
AP: Economic "stimulus package" details emerge
Edited on Thu Jan-24-08 10:05 AM by sabra

http://blogs.usatoday.com/ondeadline/2008/01/broad-outlines.html

The Associated Press is describing the broad outlines of a compromise between the White House and congressional on plans to stimulate the nation's economy.

The wire service quotes an anonymous source who says just about everyone who earns a paycheck would receive $300 from the government. Families would get an extra $300 for each child, up to a cap of $1,200 or so. But individuals who earn more than $75,000, or couples with a combined income that exceeds $150,000, are out of luck under the latest proposals.

Of course, all of this could change in the face of continuing negotiations over tax cuts for businesses and greater assistance for those who are out of work or under-employed.

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lumberjack_jeff Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-24-08 10:05 AM
Response to Original message
1. I think it's a bad idea.
But it could be worse.
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Hugabear Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-24-08 10:07 AM
Response to Original message
2. $300 - whoop-de-fucking-doo
They really expect that $300 will make an impact on anything? I was skeptical that the original $800/1600 would do very much, but this almost seems like an insult. It's almost like saying "I know you're starving and in desperate need of food - here's a slice of bread. Sorry we couldn't get you that full meal like we teased you with"
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sabra Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-24-08 10:09 AM
Response to Reply #2
6. they also want you to spend the $300 - to revive the economy
that is so spectacular according to Hannity...
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Hugabear Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-24-08 10:13 AM
Response to Reply #6
10. Spend it on what?
I remember hearing on some talk-show a few days ago, some electronics retail guy was saying he anticipated people walking in with the $800/1600 fresh in their wallets, and buying plasma TVs, iPods, stereos, videogame systems, etc.

While the original amount might have given a slight boost, I really don't see what this $300 is going to do. Maybe after I pay a few bills with that, I can treat myself to a Happy Meal at McDonalds?
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Blarch Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-24-08 10:08 AM
Response to Original message
3. good.
can we fucking enforce some subpoena's already ? ..or are they working on the next excuse ?
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newportdadde Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-24-08 10:08 AM
Response to Original message
4. Rebate or an 'advance' on 2009 tax refund?
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danalytical Donating Member (603 posts) Send PM | Profile | Ignore Thu Jan-24-08 10:11 AM
Response to Reply #4
8. Great question
didn't they do just that before right?
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racaulk Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-24-08 10:12 AM
Response to Reply #4
9. I'm pretty sure it will be an advance.
This won't do jack for the economy. It's all smoke and mirrors.
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RebelOne Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-24-08 10:24 AM
Response to Reply #9
15. If it's an advance, I'm sending back the check.
I never get a refund. Every year, I have to pay.
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Hugabear Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-24-08 10:27 AM
Response to Reply #15
17. It is a nice little "Fuck You" statement, isn't it?
Here's a few hundred bucks for you, that you didn't even ask for!

Oh, by the way - you're going to have to pay it back later on!

How many people are going to have the discipline to send the check back? How many people are going to be in for a rude awakening when they do their taxes for next year?
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newportdadde Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-24-08 10:38 AM
Response to Reply #9
21. If its an advance how does that work for those who don't pay federal tax?
Edited on Thu Jan-24-08 10:38 AM by newportdadde
Would they then perhaps receive nothing at tax time instead of an Income Credit? Or maybe they would owe?
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racaulk Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-24-08 10:46 AM
Response to Reply #21
23. The OP stated that basically everyone who receives a paycheck will get the $300 check.
If you're receiving a paycheck, then you're paying federal taxes in the form on withholdings from your paycheck. If your tax liability is zero on your tax return, then you get back all of those withholdings in the form of a refund at the end of the year. My guess would be that you would just reduce your refund by $300 on your tax return when you file it--there would probably be a line item on the 2008 tax return to allow us to do so.
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Atman Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-24-08 10:08 AM
Response to Original message
5. The only they're hoping to stimulate is their re-election chances
Get real. This won't do squat. That horse has left the barn.

.
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bluestateguy Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-24-08 10:11 AM
Response to Original message
7. Once again, preferential treatment for people who make the lifestyle choice to have children
I'm getting real tired of that.
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lumberjack_jeff Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-24-08 10:26 AM
Response to Reply #7
16. Then have kids. n/t
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newportdadde Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-24-08 10:34 AM
Response to Reply #7
19. I have 4 children. One is 4, Twins just turned 2yrs old, 6 month old baby. I'll send you my check
Edited on Thu Jan-24-08 10:50 AM by newportdadde
and you can pay all of their bills and find a way to send them to college. Also you can then go 4 years without a uninterrupted night due to someone being up in the middle of the night and not getting even eight hours of sleep.

Or the fact that I thank God if I get one hour out of my 24 hour day to do something I want to do for myself.

Sound like a good trade? LOL.

Anyways remember.. sometimes children aren't a 'choice'. We got lucky with the twins.. no fertility medicine or family history it just happened and our youngest came along during breast feeding and birth control.

I guess I'm just tired of people without children whining. If your single you have more free time then you can possibly imagine and maybe money. If your married and both work your cash flow is probably fantastic, the classic DINK.

There are advantages and disadvantages to each situation... well and then there is the whole dying alone part, your very existence remembered by no-one thats going to suck for you. ;)

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halobeam Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-24-08 10:41 AM
Response to Reply #19
22. I couldn't respond.
I kept getting more sarcastic as I was writing. All people get checks, just not the children. OMG, if not people, then what are they? Oh forget it, I'm doing it again. LOL ... glad you kept it cooler than I would've.
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sinkingfeeling Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-24-08 10:51 AM
Response to Reply #22
26. No, all people aren't getting checks. Those of us making $75K or more are not going to receive
anything. As I said below, I'm really getting tired of paying for everybody else.
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newportdadde Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-24-08 10:55 AM
Response to Reply #26
27. If it is advance then it really doesn't matter. Nobody is getting anything just money they
would have gotten the next year.
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dysfunctional press Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-24-08 11:45 AM
Response to Reply #26
37. maybe then you should consider voting republican next time...?
:shrug:
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DadOf2LittleAngels Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-24-08 11:05 AM
Response to Reply #19
33. LOL That happened to use as well
"our youngest came along during breast feeding and birth control."

Yea there is nothing as fun as having a 7mo who still wont sleep through the night *and* finding out your pregnant.

It gets better as my wife gets hyperemesis during the first trimester and has to take some pretty strong meds to keep food down (Zofran as I recall). On the bright side it was career training if I ever wanted to be an LPN...

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dysfunctional press Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-24-08 11:43 AM
Response to Reply #19
36. everyone's very existence will be remembered by no-one...
the earth is not immortal.

btw- how do you comfort yourself, knowing the kind of world your children & grandchildren will inherit? if my wife and i had kids, the idea of my offspring suffering through a world gone mad from a combination of global warming and peak oil would definitely keep me up at night.
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DadOf2LittleAngels Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-24-08 10:50 AM
Response to Reply #7
25. I hope you dont feel that way
When you're getting SS it is, after all linked to an increasing population. Every Dollar you pay in now goes to someone collecting it..
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LSK Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-24-08 10:58 AM
Response to Reply #7
28. kids are expensive
Edited on Thu Jan-24-08 10:59 AM by LSK
BTW I do not have kids. My sister does.

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TCJ70 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-24-08 11:01 AM
Response to Reply #7
32. I costs a lot of money to have children...
...you DO realize that right?
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EmperorHasNoClothes Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-24-08 10:14 AM
Response to Original message
11. So people will have $300 to pay off their credit card bills
or their mortgage, or student loans. And the net effect in stimulating the economy will be zero.

But it's a nice way for republicans to try to buy some more votes, anyway.
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HereSince1628 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-24-08 10:15 AM
Response to Original message
12. Remember the days when economic stimulus meant roads, bridges,
Edited on Thu Jan-24-08 10:16 AM by HereSince1628
regional water and power systems? I've got nothing against stimulating the economy. But this notion of stimulating retail sales which will further stimulate the imbalance of trade just proves how old fashioned I am.

Remember the heady days when the foresight of the government set up the US to become the most productive (and hence the richest) nation in the world?

Huh? Oh. . . that was all the consequence of the free-market and the destruction of our European competitors? Really? Are we sure of that?
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DadOf2LittleAngels Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-24-08 11:06 AM
Response to Reply #12
34. LOL
No Im a child of the 70s/80s :(
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Warpy Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-24-08 10:16 AM
Response to Original message
13. Well, that might catch the light bill up to date
or pay off the phone bill that's in arrears, but it won't do anything else.

It certainly won't send them to the malls on a spree.

It's too little, too late, and the wrong idea. What folks need are jobs that pay a living wage, not handouts once every 6 years or so.
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sinkingfeeling Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-24-08 10:21 AM
Response to Original message
14. Oh, good another 'hit' to the middle class... those making $75K or more.
I'm really getting sick of paying for everybody else.
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LSK Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-24-08 11:01 AM
Response to Reply #14
31. well the average income is 40k
So you are doing fucking fantastic unless you live in NYC or California.
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sinkingfeeling Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-24-08 11:35 AM
Response to Reply #31
35. Right, but you see, the state and feds are getting over $24K of that, which includes
a $31K pension payment. While some couple making $40K with 2 or 3 kids pays what?
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LSK Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-24-08 11:49 AM
Response to Reply #35
38. 75 - 24 = 51
Still greater than 40. Which is probably really 30.

So you are still almost double the average.

Stop complaining.
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sinkingfeeling Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-24-08 12:05 PM
Response to Reply #38
40. I have every right to complain. Those making a whole lot more than me, pay a lesser % of their
income in taxes and those making a quarter less, pay only about 7% in income taxes. As someone, who has worked since age 16, I'm tired of paying more than my fair share.
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dembotoz Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-24-08 10:32 AM
Response to Original message
18. 300 bucks moves the wolves from the door to the front walk
They are still there.

What was the line from Cheers?
"Its a dog eat dog world and I am wearing Milkbone underwear."

It really isn't enough to really spend, it only means someone will be paid a little quicker.

If it goes to the rich it will go to savings --to the bank.
If your are always broke like me, it will pay part of a credit card bill, so it goes--to the bank.

Damn wished I owned a bank!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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Hugabear Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-24-08 10:36 AM
Response to Reply #18
20. Oooh, I love your avatar
I might have to steal that for mine!
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DadOf2LittleAngels Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-24-08 10:48 AM
Response to Original message
24. Well Im out
"But individuals who earn more than $75,000"

Just over this.. Of course Im providing by myself for a family of four...
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SammyWinstonJack Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-24-08 10:59 AM
Response to Original message
29. georgie's energy sec. said, get this, that the economic stimulus plan
MIGHT CAUSE OIL PRICES TO RISE AND HURT THE ECONOMY. :wow:


georgie is a GD genius! FUCKING BRILLIANT! :eyes:

So oil prices rise causing fuel prices to rise causing everything related to RISE :argh:


This morans are like a dog with a bone regarding these stupid tax cuts and tax rebates, thinking it help stimulate the economy.
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Winterblues Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-24-08 11:00 AM
Response to Original message
30. Oh boy America gets to go on a good drunk....
$300. isn't really good for much else. Might pay the light bill for a couple of months but sure as hell wouldn't even come close to filling up my fuel oil tank...
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alfredo Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-24-08 11:53 AM
Response to Original message
39. What about us on fixed incomes.
Edited on Thu Jan-24-08 11:54 AM by alfredo
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