Thursday, February 12, 2009
Porkulus bill
The Senate compromise does not contain anything that will benefit average Americans. Nothing in there to help with refinancing loans, no real tax cuts. The tax cut in there will give the average American $13 a week. $800 billion, and we're getting $13 a week. That would pay off my remaining hospital bills in 12 years. Basically they said, "The economy's in the tank and Congress has been on a spending spree under Bush. So to get us out of this, we're going to increase the Federal budget by another 30%."
Thursday, February 5, 2009
$78 billion overpaid?
So the TARP money that Congress threw at banks for the stimulus package has mostly gone away. Turns out Jon Stewart and I had the same idea. Why not use that money to give to banks in the names of the people who owed them money? People with less debt will be free to spend more. But it's billions under the bridge now.
The Senate compromise I've heard that I like with the stimulus package is allowing people to buy or refinance homes with 4% interest rate, and cutting taxes in half for those making less than $35,000 (or $67,000 for couples). Since all these homes have lost value, at least with lower payments they'll be able to stay in them longer until the value goes back up.
Meanwhile how do some of these jokers keep getting elected? Thanks to gerrymandering I understand party entrenchment in two-thirds of this country, but there's always primary elections within the party, right? Where's the new generation to get the corrupt ones out?
The Senate compromise I've heard that I like with the stimulus package is allowing people to buy or refinance homes with 4% interest rate, and cutting taxes in half for those making less than $35,000 (or $67,000 for couples). Since all these homes have lost value, at least with lower payments they'll be able to stay in them longer until the value goes back up.
Meanwhile how do some of these jokers keep getting elected? Thanks to gerrymandering I understand party entrenchment in two-thirds of this country, but there's always primary elections within the party, right? Where's the new generation to get the corrupt ones out?
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