Happy 2008! I want to comment on the "Economic Stimulus Plan" announced today.
First let me say that I think the entire plan is the most stupid move on the part of Washington that I have heard this year.
Let me explain - the country doesn't have the money to fund SS; medicare; the Medicaid Drug plan...and they want to take money that they are supposed to be using to manage the country's defense and infrastructure; and send it to citizens to spend at Wal-Mart? Can you say "stupid"?
Second - the compromised bill will "rebate" tax dollars to people WHO DON'T PAY TAXES. Yep it is right in the news stories - "The Bush plan would not pay rebates to citizens who hadn't paid taxes" Uh, that is not a rebate it is a hand out. Who paid for THOSE checks? You and me that pay taxes. What do you think is going to happen in 2009 if a Democrat like Hilary Clinton is elected? She has already said that she is going to repeal the Bush tax cuts and raise taxes. Well, there goes that "rebate".
Third - if they wanted to "stimulate the economy" long term they should look at ways of keeping jobs in America - and shoring up the borders to stop the flow of people who are using our systems to ruin our schools and hospitals.
And Last, Americans and our "leaders" have poorly managed the economy for well over 15 years - the piper has to be paid. A recession is likely in the cards for 2008 - and this "band-aid" isn't going to stop it.
