Twitter   RSS   Email  

 How the Global Economy is Dependent on Christianity

 Why America May Never Recover From the Recession

 Save Money Homeschooling

I Would Prefer a 2009 Stimulus Check, To a Tax Deduction

By: Steve Johnson

3/12/2009 - 49 Comments

So let me see if I understand the new economic stimulus package. 

Instead of the $400 stimulus check in the mail, like we got in 2008 with the Bush stimulus plan, we are going to get a deduction of our taxes taken out of our paycheck.

If the average tax deduction is going to be about $12/week, which is $48/month and its going to start mid-summer, than I should get about $48x6 = $288 in 2009

That is less than the $400 I got last year and it took longer to get it, because last year I got my stimulus check by mid-summer.  Of course the Obama stimulus is also for 2010, so I should see another $12/week or $576 next year as the tax deduction continues.

Why is the Obama stimulus check smaller then the Bush stimulus check, when the Obama stimulus package is five times the Bush stimulus package ($787 billion compared to the Bush stimulus package of $150 billion)?

Shouldn't we be getting 5 times the amount of money we did with the Bush stimulus? And what if I get laid off from my job - as 4.4 million have been so far since the start of this recession?  Under the Bush plan, I would have still gotten my stimulus check. 

It seems to me that the Obama stimulus plan is primarily focused on social welfare (education, healthcare, foreign aid, military etc.), when it should be focused on stimulating the economy – and the money should have already been in the mail.  The Obama stimulus plan is a stimulus plan by name only.  The stock market has obviously seen through the BS and come to the same conclusion.

Copyright © 2019 All rights reserved.

Increase Your Financial IQ

For years, Robert Kiyosaki has firmly believed that the best investment one can ever make is in taking the time to truly understand how one's finances work. Too many people are much more interested in the quick-hitting scheme, or trying to find a short-cut to real wealth. As Kiyosaki has preached over and over again, one has to truly under the process of how money works before one can start out on trying to escape the daily financial Rat Race.

The New Master Your Money

This book provides a step-by-step plan to financial freedom presented in an easy-to-understand format. Do you know if you have enough? Do you know how much is enough? If you can't answer these questions, The New Master Your Money is for you. Ron Blue extracts principles from God's Word and applies them to your financial portfolio. Ron's professional experience in financial planning will be an asset to you and to your family for generations to come.

America Alone

In this, his first major book, Mark Steyn--probably the most widely read, and wittiest, columnist in the English-speaking world--takes on the great poison of the twenty-first century: the anti-Americanism that fuels both Old Europe and radical Islam. America, Steyn argues, will have to stand alone. The world will be divided between America and the rest; and for our sake America had better win.

Gold: The Once and Future Money

Governments and central bankers around the world today unanimously agree on the desirability of stable money, ever more so after some monetary disaster has reduced yet another economy to smoking ruins. Lewis shows how gold provides the stability needed to foster greater prosperity and productivity throughout the world. He offers an insightful look at money in all its forms, from the seventh century B.C. to the present day, explaining in straightforward layman’s terms the effects of inflation, deflation, and floating currencies along with their effect on prices, wages, taxes, and debt.