IF YOU WANNA GET 100% OF GOV'T MONEY INTO THE ECONOMY
.......extend unemployment compensation.
Recipients will spend every dime, guaranteed.
posted by UMRBlog @ 06:18
10 comments
UMRBlog
The Upper Mississippi River Basin:Life, Worship, Sports, Transportation, Golf, Politics and other bizarre behaviors in the Upper Mississippi River Basin. The Quincy area has a history of tolerance. We seem to suffer fools gladly.
Tuesday, January 27, 2009
Recipients will spend every dime, guaranteed.
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- Name: UMRBlog
- Location: Upper Mississippi River Basin, Tri-State, United States
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10 Comments:
and cut Corp esp small business taxes , a 6 month break on payroll tax across the board would be a huge influx for the economy , maybe even a year on payroll tax
The multiplier on your solution is the highest of all the suggestions on the table. Trouble is, it has to happen NOW. Every job loss is that much less impact of your proposal. Payroll tax only matters when there's payroll.
I'd be glad to see it as a separate piece. You wouldn't even have to make a deal to get it. GOP would flock to it like a largemouth to a surface plug.
TYFCB
Yep ,
The GOP , The Chamber , the SBA , and every single lobby group for Business. This kind of direct injection would change balance sheets and might stem the flow of layoffs .
Without the 1/3 partner for every single staff member named the Government , companies could weather this storm .
This is a pure direct injection into the system and mixed with unemployment would be a huge turbo boost .
Historically New Deal schemes like yours do not work. Tax cuts, wars or both do.
1413,
That ship has sailed. We were discussing the delivery system.
Second, Tookie discussed, and I agreed, A TAX CUT. With whom are you arguing?
TYFCB
UMR,
Not about this post, but in reference to the "Isn't the no smoking law wonderful!" commercial you were wondering about - I caught it last night and tried to catch the sponsor. IN the lower left of the close was THE AMERICAN LUNG ASSOCIATION. Didn't catch if there was any other sponsor. If I catch it again I'll try to focus on the lower right (there was something there but I didn't catch it). Just FYI.
435
Looked like you were arguing for extending benefits as the best way to stimulate the economy or get money into the economy. It doesn't work. Look it up when you're on your next break from being a know it all smartass.
Both parties have already decided that putting gov't money into the economy is a worthwhile undertaking. Matters not whether you or I agree with them. That policy decision has been made (See TARP Mystery Meat Handout). Then the question becomes the best way to get 100 cents on the dollar into the economy. My initial premise was that, if 100 cents on the dollar being spent is the goal, extending UE benefits beyond 26 weeks (as GHWB did) is the best way to make that happen.
Then Tookie said abatement of the payroll tax would actually create jobs and I agreed with him.
If you're against gov't money being spent for a stimulus, you're making an interesting, useful point--just not one that was being taken up here.
You can call me names all you want. Doesn't change what the thread says.
TYFCB
How about all the boys and girls in Washington resign and run for relection. Secondly, no one who runs for office should not receive any retirement. They gernerally steal enough from the taxpayers to get by. Screw the politicians!!
Bushie,
On the same point how about about an IRA with a 3% match. That'd put them in touch with reality. The market would get real personal, in a hurry.
ABC
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