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What's In Your Wallet?

THE BIG TAX BREAK: WORKERS GET $13 MORE A WEEK!

The $500-per-worker credit for lower- and middle-income taxpayers that Obama outlined during his presidential campaign was scaled back to $400 during bargaining by the Democratic-controlled Congress and White House. Couples would receive $800 instead of $1,000. Over two years, that move would pump about $25 billion less into the economy than had been previously planned.

Officials estimated it would mean about $13 a week more in people's paychecks when withholding tables are adjusted in late spring. Critics say that's unlikely to do much to boost consumption.


$13 a week. This is what is referred to as RICH by our overlords and masters in the Democrat Party.

BTW - Graph showing breakdown of House-approved stimulus bill and spending from 2009-2019.

Yes, the immediate & urgent stimulus spending bill is being stretched over 10 years. If something is immediate and urgent, wouldn't you want all the money spent NOW? Are we planning to have a 10-year recession under the Obama administration?

I know, me and my silly mean-spirited questions that Obama supporters can't possibly answer.

Comments

( 2 conspiracy theories — Conspire Here! )
slavetopassion
Feb. 12th, 2009 07:40 pm (UTC)
I think these are valid questions. And I agree with what you say. I guess if you had dug as deep into the stimulus packages that Bush pushed through then I might think it was more concern than just more politics.

And since you love political humor, I thought I would give you this link.

http://syndicated.livejournal.com/famouslikeme/49639.html
dgreatone
Feb. 13th, 2009 06:29 pm (UTC)
The Bush stimulus plan was easy to understand individual tax cuts and tax breaks for businesses. Bush did not try to push the final bill for a final Congressional vote 12 hours after the bill was finalized and published where hardly anybody could read the final version. His version even went thru Congressional hearings.

You remember all the hearings we had on the Obama stimulus bill? Don't worry, nobody does because we didn't have any.
( 2 conspiracy theories — Conspire Here! )