Where's the "Change"

Change is all we'll have left in our pockets by the time the socialists get done with us.

 

All hail The Obama!!!!

 

too bad. Tax cuts stimulate the economy. Unnecessary construction projects don't.

 

You believe that fixing the crumbling infrastructure is "unnecessary?"

 

like spending on useless wars is alright with you.

the schools in california are like jail for kids.

 

immorality and lawlessness and in your face corruption is an all time high.

senate seats are for sale?

what freaking joke.

 

Most of the times I agree with you, Thunder. But this time around I am afraid you bought into a wrong idea. Fixing the infrastructure that is on the surface will destroy deeper support mechanisms of the economy and it will only make the situation worse. Fixing the economy has to start with reducing taxes to "0" for a while. It will renew the energy and boost the economy after which the taxes should be increased slowly. Of course, I am talking about corparate taxes only.

 

I guess we'll have to agree to disagree, MAESTRO. At least expenditure on infrastructure is targeting "stimulus" where it is needed. Across-the-board tax cuts would not necessarily boost spending beyond the incremental spending that would occur from targeted tax cuts. I'm not suggesting I know the best answer, but I suspect that none of us here does.

In any event, it's time to save and hope the other guy spends.

 

Very true. It's not easy to come up with the solution to such a difficult problem. I do not know the answer either, but I think small and medium businesses might be supported best via corporate tax cuts and that, in turn, should create more jobs and fuel the economy. Of course I am no expert.

 

Do you always rely on the news media for their "biased" presentation of the news, or are you able to turn your BRAIN "on" and read for yourself?

From the Bill:

“For a further additional amount for ‘Community Development Fund,’ $4,190,000,000, to be used for neighborhood stabilization activities related to emergency assistance for the redevelopment of abandoned and foreclosed homes as authorized under division B, title III of the Housing and Economic Recovery Act of 2008 (Public Law 110–289), of which—



“(1) not less than $3,440,000,000 shall be allocated by a competition for which eligible entities shall be States, units of general local government, and nonprofit entities or consortia of nonprofit entities[.]”



“(2) up to $750,000,000 shall be awarded by competition to nonprofit entities or consortia of nonprofit entities to provide community stabilization assistance […]”