Aramike's Economic Stimulus Package

rubenandthejets · 02-06-09, 09:33 AM

A lot of countries are trying this-Japan is doing it yet again, even though a cash handout did jack las time and polls in Australia show more than half the people are going to SAVE the money....

Maybe the money would be better spent on reducing the huge US national debt.

UnderseaLcpl · 02-06-09, 10:22 AM

Quote:

Originally Posted by rubenandthejets

A lot of countries are trying this-Japan is doing it yet again, even though a cash handout did jack las time and polls in Australia show more than half the people are going to SAVE the money....

Maybe the money would be better spent on reducing the huge US national debt.

It would only reduce it by less than a tenth. I think we need to cut spending drastically and eliminate the deficit first.

02-06-09, 10:52 AM

Lowering company taxes would not do a lot but give the US government even less room to maneuver. The economy does not have a tax problem, the econmy has a credit problem, as the banks do not give out money urgently required by companies to aquisitions and investments. Cutting taxes won't help this companies at all in bringing up this money. It certainly won't help the government, which is a record deficit and debt situation and hardy able to act anymore, resulting in even more debts following generations have to carry.

Fiddling around with taxes won't do a lot in such a situation. It's up to the banks to give out money again, and the framework for this needs to be laid. Everything else is just money taken from the government the regular taxpayer has to compensate for. After all, infrastructure and education still has to be paid, and all this forms the foundation propper growth relies upon, not to talk about hospitals, the military and all the other expenses the state has to come up with.

02-06-09, 09:33 AM	#1
rubenandthejets 中国水兵 Join Date: Jan 2009 Posts: 279 Downloads: 20 Uploads: 0	A lot of countries are trying this-Japan is doing it yet again, even though a cash handout did jack las time and polls in Australia show more than half the people are going to SAVE the money.... Maybe the money would be better spent on reducing the huge US national debt. __________________ HMAS Sydney III "Thorough and Ready"

02-06-09, 10:52 AM	#3
Bewolf Stowaway Posts: n/a Downloads: Uploads:	Lowering company taxes would not do a lot but give the US government even less room to maneuver. The economy does not have a tax problem, the econmy has a credit problem, as the banks do not give out money urgently required by companies to aquisitions and investments. Cutting taxes won't help this companies at all in bringing up this money. It certainly won't help the government, which is a record deficit and debt situation and hardy able to act anymore, resulting in even more debts following generations have to carry. Fiddling around with taxes won't do a lot in such a situation. It's up to the banks to give out money again, and the framework for this needs to be laid. Everything else is just money taken from the government the regular taxpayer has to compensate for. After all, infrastructure and education still has to be paid, and all this forms the foundation propper growth relies upon, not to talk about hospitals, the military and all the other expenses the state has to come up with.