Post by goGopherBill on Feb 21, 2009 12:38:19 GMT -5
WASHINGTON (Reuters) – President Barack Obama ordered the U.S. Treasury on Saturday to implement tax cuts for 95 percent of Americans, fulfilling a campaign pledge he hopes will help jolt the economy out of recession.
The tax cuts are part of a $787 billion economic recovery plan passed by the Democratic-controlled Congress over Republican opposition. The aim is to put more money in the pockets of Americans and stimulate the economy by increasing consumer spending.
"I'm pleased to announce that this morning the Treasury Department began directing employers to reduce the amount of taxes withheld from paychecks, meaning that by April 1st, a typical family will begin taking home at least $65 more every month," Obama said in his weekly radio address.
"Never before in our history has a tax cut taken effect faster or gone to so many hard-working Americans," he said.
Gee for years we have debated tax cuts vs.spending cuts.
DEMOCRATS CRIED during elections that cutting taxes would ruin our economy..we needed more to balance the budget they said.
When a Republican president AND CONGRESS spent money like it was just free paper..DEMOCRATS and liberals SCREAMED BLOODY MURDER..
"We are sacrificing our children's future" was a common cry.
Now Democrats say spending at 3 TIMES WHAT BUSH DID IS BETTER since it helps the poor folks.
I think that's great now that we are all poorer for it.
SPENDING IS SPENDING no matter who BENEFITS FROM IT !!
ECONOMICS 101 ..FACT
You cannot spend more than you earn OR TAX.
Fact..of course you can but that is our HISTORY LESSON FOR TODAY.
History shows TAX CUTS STIMULATE and spending and increasing debt HURTS ANY ECONOMY.
NO MATTER WHO does it and for what reasons.
But play along..Imagine if we SPENT LESS and taxed LESS !!
We cut waste and fraud...we organized and made a better government that FOLLOWED RULES..just as we wanted the evil BUSH to follow.
IF OBAMA can ORDER A TAX CUT without due process and vetting ...imagine for a second ..that he could also INCREASE TAXES without due process and vetting.
That means he is over writing our votes on state and local levels and at national levels also.
Liberals cried over wire tapping terrorist phone calls...
Where are their cries over foregoing the constitutional process of producing and implementing a budget?
Crickets?
Or more sheep with wool over their eyes happily grazing on government grass?
The tax cuts are part of a $787 billion economic recovery plan passed by the Democratic-controlled Congress over Republican opposition. The aim is to put more money in the pockets of Americans and stimulate the economy by increasing consumer spending.
"I'm pleased to announce that this morning the Treasury Department began directing employers to reduce the amount of taxes withheld from paychecks, meaning that by April 1st, a typical family will begin taking home at least $65 more every month," Obama said in his weekly radio address.
"Never before in our history has a tax cut taken effect faster or gone to so many hard-working Americans," he said.
Gee for years we have debated tax cuts vs.spending cuts.
DEMOCRATS CRIED during elections that cutting taxes would ruin our economy..we needed more to balance the budget they said.
When a Republican president AND CONGRESS spent money like it was just free paper..DEMOCRATS and liberals SCREAMED BLOODY MURDER..
"We are sacrificing our children's future" was a common cry.
Now Democrats say spending at 3 TIMES WHAT BUSH DID IS BETTER since it helps the poor folks.
I think that's great now that we are all poorer for it.
SPENDING IS SPENDING no matter who BENEFITS FROM IT !!
ECONOMICS 101 ..FACT
You cannot spend more than you earn OR TAX.
Fact..of course you can but that is our HISTORY LESSON FOR TODAY.
History shows TAX CUTS STIMULATE and spending and increasing debt HURTS ANY ECONOMY.
NO MATTER WHO does it and for what reasons.
But play along..Imagine if we SPENT LESS and taxed LESS !!
We cut waste and fraud...we organized and made a better government that FOLLOWED RULES..just as we wanted the evil BUSH to follow.
IF OBAMA can ORDER A TAX CUT without due process and vetting ...imagine for a second ..that he could also INCREASE TAXES without due process and vetting.
That means he is over writing our votes on state and local levels and at national levels also.
Liberals cried over wire tapping terrorist phone calls...
Where are their cries over foregoing the constitutional process of producing and implementing a budget?
Crickets?
Or more sheep with wool over their eyes happily grazing on government grass?
