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SirTripAlot
Semper Fidelis



Registered: 01/11/05
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Econ Stimuli....$800 per person.......Yeah!!!!!???
#7899519 - 01/18/08 10:15 PM (16 years, 14 days ago) |
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So our beloved government has decided (or about to decide???....or about to debate....) to throw the citizens a fucking bone in the form of the green back......
Good idea or bad ? Why or why not.......being totally oblivious to much econ matters.....enlighten me ( while I have dreams of cashing it at the liquor store)
-------------------- “I must not fear. Fear is the mind-killer. Fear is the little-death that brings total obliteration. I will face my fear. I will permit it to pass over me and through me. And when it has gone past I will turn the inner eye to see its path. Where the fear has gone there will be nothing. Only I will remain.”
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im_on_a_boat
Stranger

Registered: 04/06/06
Posts: 3,950
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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: SirTripAlot]
#7899555 - 01/18/08 10:25 PM (16 years, 14 days ago) |
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gov prints $ = inflation ^
http://www.brillig.com/debt_clock/
$800 wont make a dent in your share.
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Sausage
Hamster with asausage



Registered: 02/04/03
Posts: 55
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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: im_on_a_boat]
#7900128 - 01/19/08 02:09 AM (16 years, 13 days ago) |
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It's a temporary stopgap instead of addressing what's really wrong with the economy (look at what's happening to the dollar).
"Let's make the Proles happy for a minute. I know! Let's buy them all a flat screen TV!"
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Cubie
Moderator




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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: Sausage]
#7900148 - 01/19/08 02:15 AM (16 years, 13 days ago) |
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Fuk inflation I want 800 bucks so I can buy a flatscreen
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Seuss
Error: divide byzero



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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: SirTripAlot]
#7900377 - 01/19/08 03:33 AM (16 years, 13 days ago) |
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Like Ron Paul or not, he has a very valid point... America can not afford to police the world.
> Good idea or bad ? Why or why not.
Bad idea. People are losing their homes because they can't pay bills... Until the government stops unchecked spending, and until the government lets banks hang for making bad decisions, then nothing will change. The general idea is that if the government gives everybody $800, then people will spend that money, and it will boost the economy. The problem is that people have already spent that money and will have to use it to pay off debt... thus it does no good, other than to devalue the money I already have.
-------------------- Just another spore in the wind.
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SirTripAlot
Semper Fidelis



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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: Seuss]
#7900633 - 01/19/08 07:09 AM (16 years, 13 days ago) |
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Wouldn't it help the businesses that get paid, that are owed the debt? (assuming that citizens spend it on debt)......thereby stimulating the economy?
-------------------- “I must not fear. Fear is the mind-killer. Fear is the little-death that brings total obliteration. I will face my fear. I will permit it to pass over me and through me. And when it has gone past I will turn the inner eye to see its path. Where the fear has gone there will be nothing. Only I will remain.”
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MrBump
Third prize is you're fired



Registered: 10/01/02
Posts: 4,263
Loc: Denver, Colorado
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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: Seuss]
#7900970 - 01/19/08 10:07 AM (16 years, 13 days ago) |
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Quote:
Seuss said: Like Ron Paul or not, he has a very valid point... America can not afford to police the world.
> Good idea or bad ? Why or why not.
\
first, i'll take the $800 b/c I currently need it to assist with paying for a move, but i think it wont have any long term positive affects on the economy.
2nd, I agree w/ Ron Paul here. what do we do? reform and strengthen the UN and/or NATO? I wonder if that could be pulled off...
Even Truman, the man who dropped the bomb, said: "We all have to recognize, no matter how great our strength, that we must deny ourselves the license to always do as we please."
-------------------- If it weren't for the bloody corpses, I wouldn't have any corpses at all. There are two ways to get to the top of an oak tree: start climbing or sit on an acorn. Are you a carrot, an egg, or a coffee bean?
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Gijith
Daisy Chain Eater

Registered: 12/04/03
Posts: 2,400
Loc: New York
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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: Seuss]
#7901106 - 01/19/08 10:55 AM (16 years, 13 days ago) |
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Quote:
Seuss said: The problem is that people have already spent that money and will have to use it to pay off debt... thus it does no good, other than to devalue the money I already have.
I'm not sure about this. Isn't the problem that people are too stupid to pay their bills? Why would this make them start? I think most people will buy flat screens or computers. More money for China I guess. After all, what's a little more debt?
-------------------- what's with neocons and the word 'ilk'?
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rizingfire
Mycoticus psychoticus




Registered: 09/10/07
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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: Gijith]
#7901149 - 01/19/08 11:08 AM (16 years, 13 days ago) |
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It is a good idea. I didn't think they were printing more, merely giving you $800 in taxes that they would have kept, they figure that a large percent will spend it right away so if 100million+ people spend $800 it will boost the economy for a lil while, they are just hoping that it will allow for other things to pick up. I think it is a good idea and at least they are actually doing something right....make it $2-3k and it would be better. My sister gets $1000-1500 a year just for living in alaska....must be nice
-------------------- aka NHMI
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Cubie
Moderator




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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: rizingfire]
#7901155 - 01/19/08 11:10 AM (16 years, 13 days ago) |
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man id be happy with a hundred free bucks!
ill purposly piss in my pants if i actuley et 800
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Penguarky Tunguin
f n o r d


Registered: 08/08/04
Posts: 17,192
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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: Seuss]
#7901166 - 01/19/08 11:14 AM (16 years, 13 days ago) |
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Quote:
Seuss said: Like Ron Paul or not, he has a very valid point... America can not afford to police the world.
> Good idea or bad ? Why or why not.
Bad idea. People are losing their homes because they can't pay bills... Until the government stops unchecked spending, and until the government lets banks hang for making bad decisions, then nothing will change. The general idea is that if the government gives everybody $800, then people will spend that money, and it will boost the economy. The problem is that people have already spent that money and will have to use it to pay off debt... thus it does no good, other than to devalue the money I already have.
Yep, I'll use the money to pay off some of my credit card debt.
-------------------- Every mistake, intentional or otherwise, in the above post, is the fault of the reader.
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Minstrel
Man of Science


Registered: 03/15/05
Posts: 1,974
Loc: Hogtown
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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: Penguarky Tunguin]
#7901200 - 01/19/08 11:21 AM (16 years, 13 days ago) |
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SPEND MARRY AND REPRODUCE CONSUME
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Penguarky Tunguin
f n o r d


Registered: 08/08/04
Posts: 17,192
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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: Minstrel]
#7901254 - 01/19/08 11:32 AM (16 years, 13 days ago) |
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Take out the middle one and
-------------------- Every mistake, intentional or otherwise, in the above post, is the fault of the reader.
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MrBump
Third prize is you're fired



Registered: 10/01/02
Posts: 4,263
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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: Minstrel]
#7901337 - 01/19/08 11:52 AM (16 years, 13 days ago) |
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Quote:
Minstrel said: SPEND MARRY AND REPRODUCE CONSUME
 purty much sums 'er up right there.
-------------------- If it weren't for the bloody corpses, I wouldn't have any corpses at all. There are two ways to get to the top of an oak tree: start climbing or sit on an acorn. Are you a carrot, an egg, or a coffee bean?
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RosettaStoned
Stranger


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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: Seuss]
#7901983 - 01/19/08 02:23 PM (16 years, 13 days ago) |
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Yup, this money is going to be spent on bills and debt by the vast majority of us. I guess the banks are gonna get paid for all those xmas credit card bills. So it seems this is just another bail out for the bankers.
-------------------- "Government big enough to provide you with all you need is also big enough to take everything you have." ~ Thomas Jefferson "Without stupid, faggy potheads we wouldn't have wars." - Zappa
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zappaisgod
horrid asshole


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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: RosettaStoned]
#7902202 - 01/19/08 03:28 PM (16 years, 13 days ago) |
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You have an extraordinarily fucked up notion of the ethics of borrowing and lending. Remind me never to lend you money so that I'll never need to be "bailed out".
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Diploid
Cuban



Registered: 01/09/03
Posts: 19,274
Loc: Rabbit Hole
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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: SirTripAlot]
#7902288 - 01/19/08 03:59 PM (16 years, 13 days ago) |
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This reminds me of Douglas Adam's book Hitchhiker's Guide to the Galaxy where a certain society decides to invalidate all paper currency and instead switch to the tree leaf as the new paper currency standard.
This, of course, has the effect of making everyone near a tree immensely wealthy.
The only problem is inflation. The end result was that a cup of coffee costs approximately three deciduous forests.
Douglas Adams for fed chairman!
-------------------- Republican Values: 1) You can't get married to your spouse who is the same sex as you. 2) You can't have an abortion no matter how much you don't want a child. 3) You can't have a certain plant in your possession or you'll get locked up with a rapist and a murderer. 4) We need a smaller, less-intrusive government.
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lonestar2004
Live to party,work to affordit.


Registered: 10/03/04
Posts: 8,978
Loc: South Texas
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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: SirTripAlot]
#7902342 - 01/19/08 04:20 PM (16 years, 13 days ago) |
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"Democrats on Capitol Hill are pushing to limit rebates to those making less than 115,000 usd per year."
fuck!
why do my wife and i even work......
-------------------- America's debt problem is a "sign of leadership failure" We have "reckless fiscal policies" America has a debt problem and a failure of leadership. Americans deserve better Barack Obama
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carbonhoots
old hand

Registered: 09/11/01
Posts: 1,351
Loc: BC Canada
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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: lonestar2004]
#7902446 - 01/19/08 04:43 PM (16 years, 13 days ago) |
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Are you making more than 115,000$ a year?
That's nearly 10K a month. How much can 800$ be to you, compared to families working for far, far less. A few days income?
-------------------- -I'd rather have a frontal lobotomy than a bottle in front of me CANADIAN CENTER FOR POLICY ALTERNATIVES
Edited by carbonhoots (01/19/08 04:46 PM)
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zappaisgod
horrid asshole


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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: carbonhoots]
#7902611 - 01/19/08 05:21 PM (16 years, 13 days ago) |
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Why don't you just tell us how much is too much, there, Karl? Should people who don't pay any taxes at all get the $800? Should people who pay less than $800 get $800?
We paid, that's fucking right PAID, over twice that income threshold in taxes and your goddamn right $800 isn't shit. But I'll be fucked if I'm interested in giving a bunch of stupid no account morons who don't know how to read a goddamn mortgage contract any more of my money. We should get a proportional rebate, Robin Hood, in direct proportion to what we paid.
This is supposed to be about economic stimulus, not a welfare program for losers.
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Cubie
Moderator




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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: zappaisgod]
#7902632 - 01/19/08 05:27 PM (16 years, 13 days ago) |
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Where did you hear this OP?
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zappaisgod
horrid asshole


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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: Cubie]
#7902664 - 01/19/08 05:34 PM (16 years, 13 days ago) |
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Hear what?
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im_on_a_boat
Stranger

Registered: 04/06/06
Posts: 3,950
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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: zappaisgod]
#7902691 - 01/19/08 05:41 PM (16 years, 13 days ago) |
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about the $800.. i'm very interested too i haven't heard about this anywhere else.
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gettinjiggywithit
jiggy


Registered: 07/20/04
Posts: 7,469
Loc: Heart of Laughter
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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: im_on_a_boat]
#7902742 - 01/19/08 06:00 PM (16 years, 13 days ago) |
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http://www.newstarget.com/z019659.html
According to the St. Louis Federal Reserve bank, America is bankrupt. Please read the above link for an eye opener.
Why is Bernake doing this at a time like this?
-------------------- Ahuwale ka nane huna.
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zappaisgod
horrid asshole


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Posts: 81,741
Loc: Fractallife's gym
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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: im_on_a_boat]
#7902750 - 01/19/08 06:02 PM (16 years, 13 days ago) |
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Quote:
drkrobotnik said: about the $800.. i'm very interested too i haven't heard about this anywhere else.
It's been bandied about in newspapers. All speculative.
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zappaisgod
horrid asshole


Registered: 02/11/04
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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: gettinjiggywithit]
#7902805 - 01/19/08 06:16 PM (16 years, 13 days ago) |
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Quote:
gettinjiggywithit said: http://www.newstarget.com/z019659.html
According to the St. Louis Federal Reserve bank, America is bankrupt. Please read the above link for an eye opener.
Um, well no, it is not "According to the St. Louis Federal Reserve bank." They printed an opinion piece "authored by a Boston University teacher named Prof Kotlikoff" in their publication "Federal Reserve Bank of St Louis Review." That does not quite rise to the level you give it. It is not the official position, as far as I can tell.Quote:
Why is Bernake doing this at a time like this?
Doing what?
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bmiles
artist



Registered: 12/31/07
Posts: 2,299
Loc: on the left side
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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: zappaisgod]
#7902820 - 01/19/08 06:20 PM (16 years, 13 days ago) |
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Quote:
zappaisgod said: This is supposed to be about economic stimulus, not a welfare program for losers.
-------------------- Never go with a hippy to a second location.
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bmiles
artist



Registered: 12/31/07
Posts: 2,299
Loc: on the left side
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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: gettinjiggywithit]
#7902855 - 01/19/08 06:28 PM (16 years, 13 days ago) |
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Quote:
gettinjiggywithit said: http://www.newstarget.com/z019659.html
thats a good article, worth reading.
-------------------- Never go with a hippy to a second location.
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gettinjiggywithit
jiggy


Registered: 07/20/04
Posts: 7,469
Loc: Heart of Laughter
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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: zappaisgod]
#7902903 - 01/19/08 06:41 PM (16 years, 13 days ago) |
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Doing this-
 
I was being speculatively sarcastic.
No one seems to know exactly what the plan will be, from the portion of Bernakes speaking on it that I saw this week, I heard him say that a tax credit isn't fair to those without a job and who are not paying taxes. It won't help them see any money. He was discussing the option of sending a $150 check to everyone that makes under $55,000 a year.
That's when I shut it off.
-------------------- Ahuwale ka nane huna.
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zappaisgod
horrid asshole


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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: gettinjiggywithit]
#7902916 - 01/19/08 06:44 PM (16 years, 13 days ago) |
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Are you serious? I hadn't heard anything at all like that. This $800 deal is being floated by Bush. Bernanke has nothing to do with it.
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gettinjiggywithit
jiggy


Registered: 07/20/04
Posts: 7,469
Loc: Heart of Laughter
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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: zappaisgod]
#7903087 - 01/19/08 07:21 PM (16 years, 13 days ago) |
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Dead serious.
Who knows for sure what they will actually do next though. It is all talk floating around right now.
-------------------- Ahuwale ka nane huna.
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im_on_a_boat
Stranger

Registered: 04/06/06
Posts: 3,950
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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: gettinjiggywithit]
#7903098 - 01/19/08 07:25 PM (16 years, 13 days ago) |
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well if it is the bush admin's idea... they'd better get on it because his time is almost up.. would be a good PR move for his admin too.. kinda close off his presidency with a bang.
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Madtowntripper
Sun-Beams out of Cucumbers



Registered: 03/06/03
Posts: 21,287
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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: zappaisgod]
#7903191 - 01/19/08 07:46 PM (16 years, 13 days ago) |
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Quote:
zappaisgod said: But I'll be fucked if I'm interested in giving a bunch of stupid no account morons who don't know how to read a goddamn mortgage contract any more of my money.
I disagree w/ everything you said except for that.
I have no sympathy for all of these idiots who are losing their houses because they signed a mortgage they didn't understand.
Get a fucking lawyer if you don't speak legal-ese.
-------------------- After one comes, through contact with it's administrators, no longer to cherish greatly the law as a remedy in abuses, then the bottle becomes a sovereign means of direct action. If you cannot throw it at least you can always drink out of it. - Ernest Hemingway If it is life that you feel you are missing I can tell you where to find it. In the law courts, in business, in government. There is nothing occurring in the streets. Nothing but a dumbshow composed of the helpless and the impotent. -Cormac MacCarthy He who learns must suffer. And even in our sleep pain that cannot forget falls drop by drop upon the heart, and in our own despair, against our will, comes wisdom to us by the awful grace of God. - Aeschylus
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zorbman
blarrr



Registered: 06/04/04
Posts: 5,952
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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: im_on_a_boat]
#7903192 - 01/19/08 07:46 PM (16 years, 13 days ago) |
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Quote:
kinda close off his presidency with a bang.
I'm sure there are a lot of people who would like to end the Bush presidency with a bang.
But seriously, this so-called stimulus is a joke. And everyone knows it. You don't end a recession by piling on more government debt.
Twenty years of easy credit have gotten us to this point. It gave rise to bad debt which must be cleansed off the books.
That can happen in one of two ways: 1) Default.
Or the way I envision: 2) Monetizing of the debt. In other words Mr. Bernanke makes his famous helicopter drop of cash which inflates the currency and past debt is repaid in future worthless dollars. Not so good for the american people but they are unimportant to these folks. The banking system is. It will be saved at all costs.
-------------------- “The crisis takes a much longer time coming than you think, and then it happens much faster than you would have thought.” -- Rudiger Dornbusch
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zappaisgod
horrid asshole


Registered: 02/11/04
Posts: 81,741
Loc: Fractallife's gym
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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: zorbman]
#7903222 - 01/19/08 07:51 PM (16 years, 13 days ago) |
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Governments don't go into a recession, the people do. Any return of funds to the people who pay taxes will have a stimulating effect. And hopefully it will make the government cut spending. I don't give much of a shit if the government runs a deficit, it's the people that matter. They need to keep and spend their money, not send it down an entitlement rathole.
--------------------
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Madtowntripper
Sun-Beams out of Cucumbers



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Last seen: 5 months, 23 days
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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: zappaisgod]
#7903277 - 01/19/08 08:02 PM (16 years, 13 days ago) |
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There is no way the government is cutting spending.
Its just not going to happen.
Sorry.
-------------------- After one comes, through contact with it's administrators, no longer to cherish greatly the law as a remedy in abuses, then the bottle becomes a sovereign means of direct action. If you cannot throw it at least you can always drink out of it. - Ernest Hemingway If it is life that you feel you are missing I can tell you where to find it. In the law courts, in business, in government. There is nothing occurring in the streets. Nothing but a dumbshow composed of the helpless and the impotent. -Cormac MacCarthy He who learns must suffer. And even in our sleep pain that cannot forget falls drop by drop upon the heart, and in our own despair, against our will, comes wisdom to us by the awful grace of God. - Aeschylus
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zorbman
blarrr



Registered: 06/04/04
Posts: 5,952
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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: Madtowntripper]
#7903370 - 01/19/08 08:20 PM (16 years, 13 days ago) |
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There is no way the government is cutting spending.
Probably the best we can hope for short-term is a halt in the growth of spending. And since government spending accounts for about one-third of economic activity overall (if memory serves) that in itself will intensify, rather than alleviate, the recession.
In the long-run they will have no choice but to cut spending as painful as it may be ala' early 80's Reagan era.
We have to take our medicine.
-------------------- “The crisis takes a much longer time coming than you think, and then it happens much faster than you would have thought.” -- Rudiger Dornbusch
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zappaisgod
horrid asshole


Registered: 02/11/04
Posts: 81,741
Loc: Fractallife's gym
Last seen: 7 years, 7 months
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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: zorbman]
#7903426 - 01/19/08 08:28 PM (16 years, 13 days ago) |
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Am I getting this right. You think that cutting government spending will spur a recession? If the government doesn't have the money, the people do. The people are much more efficient utilizers of currency than the government. Now then, where would the money be best utilized? With the government or with the people? Or are you advocating even more government deficit spending?
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BrAiN
Art Fag


Registered: 03/01/01
Posts: 6,875
Loc: Chocolate City
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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: zappaisgod]
#7903498 - 01/19/08 08:43 PM (16 years, 13 days ago) |
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This sums up what I think about these crowd pleasing tax rebates
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BrAiN
Art Fag


Registered: 03/01/01
Posts: 6,875
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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: BrAiN]
#7903518 - 01/19/08 08:46 PM (16 years, 13 days ago) |
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only the highest tax paying ppl would prolly get 800.. avg chumps like u an me would probably get 400
I'd use it to catch up on credit card payments
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zorbman
blarrr



Registered: 06/04/04
Posts: 5,952
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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: zappaisgod]
#7903528 - 01/19/08 08:48 PM (16 years, 13 days ago) |
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Am I getting this right. You think that cutting government spending will spur a recession?
What I am saying is that a reduction in total spending, no matter the source, will reduce economic activity. That is a fact. It will not create the recession but it will make the inevitable recession worse. A cut in spending will make things worse short-term but when you are strapped for cash, hey you tighten your belt. That is the responsible way.
Or you can opt to print more monopoly money. I believe that is irresponsible.
The people are much more efficient utilizers of currency than the government.
Agreed.
If the government doesn't have the money, the people do.
Really?

Uh oh.
-------------------- “The crisis takes a much longer time coming than you think, and then it happens much faster than you would have thought.” -- Rudiger Dornbusch
Edited by zorbman (01/19/08 11:52 PM)
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lonestar2004
Live to party,work to affordit.


Registered: 10/03/04
Posts: 8,978
Loc: South Texas
Last seen: 12 years, 9 months
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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: carbonhoots]
#7903616 - 01/19/08 09:05 PM (16 years, 13 days ago) |
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Quote:
carbonhoots said: Are you making more than 115,000$ a year?
That's nearly 10K a month. How much can 800$ be to you, compared to families working for far, far less. A few days income?
"That's nearly 10K a month."
NO
Our family combined take home pay is around 7k a month. I guess the rest goes to med/dent, 401k, Federal income tax withheld......
And I could still find something to do with $1600!
Apparently people like carbonhoots have decided that Couples/Families who make$115k/year makes you part of the “evil rich”.
fucking bullshit
-------------------- America's debt problem is a "sign of leadership failure" We have "reckless fiscal policies" America has a debt problem and a failure of leadership. Americans deserve better Barack Obama
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BrAiN
Art Fag


Registered: 03/01/01
Posts: 6,875
Loc: Chocolate City
Last seen: 2 years, 5 months
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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: lonestar2004]
#7903636 - 01/19/08 09:11 PM (16 years, 13 days ago) |
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115K a year doesnt get what it used to ;(
In some areas like DC/NYC/LA you need to make that just to get by
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DieCommie


Registered: 12/11/03
Posts: 29,258
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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: BrAiN]
#7903743 - 01/19/08 09:47 PM (16 years, 13 days ago) |
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Quote:
In some areas like DC/NYC/LA you need to make that just to get by
Give me a break. You could use some global perspective.
115K is clearly rich. Not evil, but rich. What percentage of the world is someone who makes 115K? Probably in the top 5% of the richest people in the world.
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rizingfire
Mycoticus psychoticus




Registered: 09/10/07
Posts: 875
Loc: North-east USm'f'nA
Last seen: 4 months, 11 days
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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: DieCommie]
#7903838 - 01/19/08 10:23 PM (16 years, 13 days ago) |
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No the top 5% in this country are all multimillionaires & billionaires There are shitloads of people in this country with over 1 mill and under 2.
I don't know what the average nationwide income is but every area differs. I have a marketing site that tells property values and economics of where each lead is that I enter into the system, kinda cool.
I don't know what the real # is but I bet 15-20% make more than 100k a year because I know a couple dozen myself and 4 millionaires , well 3 now, one lost it all to coke/crack...but he was a millionaire when I met him..lol...and I am only one person and I live in the friggen woods and I make $8-10k a month from my mold testing and treatment business. $115k is hardly even comfortable. I am stil broke IMO...I have like $1400 right now, that will change in a day or two but still.I have more bills now then when I was broke...so I still feel like I am struggling with all my bills, weed, car & truck payments...etc....but I guess since I was $60k in debt and the beginning of the summer and owe $3-5k now it ain't that bad...but I feel like I didn't make shit yet I see the numbers on paper...
Breaking six figures means you have just began to be successful, but rich, that's a laugh!
I think the $800 is a good start
-------------------- aka NHMI
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rizingfire
Mycoticus psychoticus




Registered: 09/10/07
Posts: 875
Loc: North-east USm'f'nA
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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: rizingfire]
#7903863 - 01/19/08 10:32 PM (16 years, 13 days ago) |
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oh, in the world...ya maybe...but not in the US
-------------------- aka NHMI
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rizingfire
Mycoticus psychoticus




Registered: 09/10/07
Posts: 875
Loc: North-east USm'f'nA
Last seen: 4 months, 11 days
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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: BrAiN]
#7903870 - 01/19/08 10:33 PM (16 years, 13 days ago) |
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Brain, I can't imagine living in places like that. You are paying $3k/month for a 1 bedroom apt...in some cities like Boston
-------------------- aka NHMI
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gettinjiggywithit
jiggy


Registered: 07/20/04
Posts: 7,469
Loc: Heart of Laughter
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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: BrAiN]
#7903909 - 01/19/08 10:46 PM (16 years, 13 days ago) |
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Quote:
BrAiN said: only the highest tax paying ppl would prolly get 800.. avg chumps like u an me would probably get 400
I'd use it to catch up on credit card payments
You have it in reverse. The higher income people, who pay more in taxes, do not qualify for this tax credit. They get zippo stimulus.
I'm with zap in that I want to see entitlements go ASAP and I want the door to hit them on the way out too.
-------------------- Ahuwale ka nane huna.
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BrAiN
Art Fag


Registered: 03/01/01
Posts: 6,875
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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: DieCommie]
#7903991 - 01/19/08 11:06 PM (16 years, 13 days ago) |
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Quote:
DieCommie said:
Quote:
In some areas like DC/NYC/LA you need to make that just to get by
Give me a break. You could use some global perspective.
115K is clearly rich. Not evil, but rich. What percentage of the world is someone who makes 115K? Probably in the top 5% of the richest people in the world.
115K is a year is NOT rich. Hell I make around 75K and I can barely afford a 250K condo and a 20K car....
115K being single in the middle of no where.. where a house costs 100K would put you in upper middle class at most....
Try living in an area like southern california where a normal 3 story house costs an avg of 600K in the suburbs even 50 miles away from the city....
Edited by BrAiN (01/19/08 11:11 PM)
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BrAiN
Art Fag


Registered: 03/01/01
Posts: 6,875
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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: DieCommie]
#7904028 - 01/19/08 11:17 PM (16 years, 13 days ago) |
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115K a year is (after taxes) about 80K... that's about 6.7K a month.
Take any american household that makes 115K in an LA suburb area with 2 kids where the avg price of a home in the LA suburb area is about 600K. Thats around 3K a month after mortgage and insurance, toss in another 1K a month for payments, insurance, maintenance, and gas for TWO cars... on top of KIDS, food, education, etc... that doesn't leave much to save.
DieCommie, if a company has a job opening and the job description was PULLING STATISTICS OUT OF YOUR ASS and making random guesses while trying to sound like you know what you're talking about, you'd be the #1 candidate.
Get off your high horse and stop trying to pretend I don't know how far money goes in the third world. I'm talking about living in and around a big city here like LA/DC/NYC and you're trolling a board trying to look for any opporunity to sound like you're wiser than someone else. Go find some family in the San Fernando valley with three kids and ask THEM how far 115K a year gets THEM.
Putting you even in the top 10% in America in income doesn't mean you're in the top 10% of wealth. Wealth isn't how much you make, it's how much you KEEP in assets... if half your money gets sucked out of you in rent (or a mortgage in a time like now where home prices aren't going to be going up for a long time), or paying for 4-5 mouths to feed, that doesn't give you a lot of money to save... and NOT saving money doesn't make you very rich, does it?
Edited by BrAiN (01/19/08 11:36 PM)
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bmiles
artist



Registered: 12/31/07
Posts: 2,299
Loc: on the left side
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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: BrAiN]
#7904038 - 01/19/08 11:21 PM (16 years, 13 days ago) |
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Quote:
BrAiN said: DieCommie, if a company has a job opening and the job description was PULLING STATISTICS OUT OF YOUR ASS and making random guesses while trying to sound like you know what you're talking about, you'd be the #1 candidate.
i thought we were in OTD for a minute...
-------------------- Never go with a hippy to a second location.
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Seuss
Error: divide byzero



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Posts: 23,480
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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: BrAiN]
#7904683 - 01/20/08 03:43 AM (16 years, 12 days ago) |
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> 115K is a year is NOT rich.
To somebody that will be lucky to make $18,000 their entire life, $115,000 is pretty rich. All a matter of perspective.
However, within the US, no 115K a year is not right. It is certainly not poor, but not rich, either.
-------------------- Just another spore in the wind.
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Asante
Mage


Registered: 02/06/02
Posts: 86,795
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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: zorbman]
#7904807 - 01/20/08 06:38 AM (16 years, 12 days ago) |
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Zorbman, just wondering.. Is your $800 going where I think it's going?

Quote:
Or the way I envision: 2) Monetizing of the debt. In other words Mr. Bernanke makes his famous helicopter drop of cash which inflates the currency and past debt is repaid in future worthless dollars. Not so good for the american people but they are unimportant to these folks. The banking system is. It will be saved at all costs.
Yup thats how I see it too. Defaulting is not an option, so flush the dollar, pay off expensive debt with cheap dollars, and abandon ship towards the Amero or another New Dollar.
$250.000.000.000 is an awful lot of dollars to print. If they're gonna print that thats like taking the dollar out the back and executing it.
If anyone is at a loss what to do with the $800 I strongly recommend to buy 5 bars of 10oz silver each. Buy domestic so it will boost the economy like envisioned, and you got a nice position in silver for the dire times that may be ahead.
I see this as a desparate effort to lower personal debt throughout America. I immediately thought "wow, mr Bernanke's helicopter is really gonna fly."
-------------------- Omnicyclion.org higher knowledge starts here
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rizingfire
Mycoticus psychoticus




Registered: 09/10/07
Posts: 875
Loc: North-east USm'f'nA
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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: lonestar2004]
#7904831 - 01/20/08 07:00 AM (16 years, 12 days ago) |
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Quote:
lonestar2004 said: "Democrats on Capitol Hill are pushing to limit rebates to those making less than 115,000 usd per year."
fuck!
why do my wife and i even work......
That is exactly why I work for myself. I lost a lot last year on paper...lol....but am just fine with it. Plus I don't have to report inspections because they are individually $400 and anything less than $600 you don't have to report...
If that is true that just adds to why I hate democrats. They say they are all about the lil guy but Mike Huckabee looks like he is the one most geared towards helping the average person not get sucked dry. That is pretty hypocritical of them if it is true but the blue states are the highest spenders nationwide. Plus I would rather get to choose my health care and have the govt pay for it then to get stuck with a socialized mass-health system. I had to get my wisdom teeth out but with state provided care you have to be awake for it. That is not equal care...that is suffering for substandard care or footing the bill yourself. That type of system is why my teeth are so bad, cuz I was a pussy and too scared to be awake cuz I have COPD and was worried I would start choking . Really shitty that govt provided coverage isn't equal or adequit so at this point I would rather pay for it.
But I do look forward to my $800 and if the democrats stop it I will never listen to anything they have to say again. I lived in Mass and watched them ignore a 300,000 signature petition, the largest ever in the history of the state calling for Gay marriage to be on the ballot but after polls said the majority are against it the took a break early last year so they could wait til Romney was out so Deval could remove the Bill. That is not fair and is not upholding the constitution either. But that is typical in MA They let judges break the law without consequence yet Deval stuck up for that psycho saying it was about protecting the proccess...yet he purposely did the opposite here.....makes me so mad! Lies, lies, and more lies!
-------------------- aka NHMI
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BrAiN
Art Fag


Registered: 03/01/01
Posts: 6,875
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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: Seuss]
#7904883 - 01/20/08 07:47 AM (16 years, 12 days ago) |
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Quote:
Seuss said: To somebody that will be lucky to make $18,000 their entire life, $115,000 is pretty rich. All a matter of perspective.
Can't argue with that.... Also can't argue that living in the burbs of a big city with a few kids is gonna suck up all your 115K and not let you save jack shit.
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RosettaStoned
Stranger


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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: zappaisgod]
#7904958 - 01/20/08 08:34 AM (16 years, 12 days ago) |
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Explain to me how this is fucked up
1) Most americans are majorly in debt.
2) We get $800 extra dollars.
3) We use it to pay off some of the debt we owe.
4) The creditors get the money for the debt they lent us.
What is so fucked up about that analogy?
-------------------- "Government big enough to provide you with all you need is also big enough to take everything you have." ~ Thomas Jefferson "Without stupid, faggy potheads we wouldn't have wars." - Zappa
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Redstorm
Prince of Bugs




Registered: 10/08/02
Posts: 44,175
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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: RosettaStoned]
#7904998 - 01/20/08 08:58 AM (16 years, 12 days ago) |
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Quote:
RosettaStoned said: Explain to me how this is fucked up
1) Most americans are majorly in debt.
2) We get $800 extra dollars.
3) We use it to pay off some of the debt we owe.
4) The creditors get the money for the debt they lent us.
What is so fucked up about that analogy?
Nothing is.
People choose whether or not they are going to take out credit. When they do, they need to be accountable for their actions.
Should people only have to pay their bills when they feel like it?
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BrAiN
Art Fag


Registered: 03/01/01
Posts: 6,875
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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: Redstorm]
#7905008 - 01/20/08 09:00 AM (16 years, 12 days ago) |
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For real. I'm in debt up to my eyeballs and I feel 100% responsible for it. If you agree to terms and then can't meet those terms, what right do you have to piss and moan?
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xFrockx



Registered: 09/17/06
Posts: 10,455
Loc: Northeast
Last seen: 11 days, 13 hours
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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: zappaisgod]
#7905035 - 01/20/08 09:08 AM (16 years, 12 days ago) |
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You know why the rich shouldn't get more of a rebate? Because they are rich.
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zorbman
blarrr



Registered: 06/04/04
Posts: 5,952
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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: Asante]
#7905521 - 01/20/08 11:59 AM (16 years, 12 days ago) |
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Zorbman, just wondering.. Is your $800 going where I think it's going?
Absolutely. I would like to buy one of those buffalo gold coins they recently minted. That used to be my avatar actually.
I strongly recommend to buy 5 bars of 10oz silver each.
Personally, I am recommending silver coins. If times get as tough as I envision (recession deepens into a depression) they can be used as money. In that case they are more convenient to use for small purchases. Junk silver coins are nice but I hear they're going fast.
I do own one 10 oz. silver bar though. If things get bad enough that might buy me a small farm someday. Sounds crazy now but it's happened before. That is what smart people do during depressions- snap up the means of production at bargain-basement prices, then when the economy turns around they've got the goose that lays the golden eggs.
Leverage is a beautiful thing.
A little bit of precious metals will go a long way during a depression. Just don't make the mistake of getting out too early.
-------------------- “The crisis takes a much longer time coming than you think, and then it happens much faster than you would have thought.” -- Rudiger Dornbusch
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Cubie
Moderator




Registered: 01/11/08
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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: BrAiN]
#7905904 - 01/20/08 01:59 PM (16 years, 12 days ago) |
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The government still has plenty of money. There just running out of clean money and have no way to explain the extra drug and other dirty money. If we were broke we wouldn't silll be signing multi-million doller deals every other day.
I mean billion.
Edited by Cubie (01/20/08 02:00 PM)
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gettinjiggywithit
jiggy


Registered: 07/20/04
Posts: 7,469
Loc: Heart of Laughter
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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: Cubie]
#7905951 - 01/20/08 02:18 PM (16 years, 12 days ago) |
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Quote:
Cubie said: The government still has plenty of money. There just running out of clean money and have no way to explain the extra drug and other dirty money. If we were broke we wouldn't silll be signing multi-million doller deals every other day.
I mean billion.
If they have plenty of money, why do they keep "borrowing" it from the social security fund and from CHINA?
In the mean time, their stupid Invasion of Iraq doubled Oil prices and the Saudis are buying up alot of American Business's and property with the money they are making off of us.
How anyone can be complacent about whats happening is beyond me.
-------------------- Ahuwale ka nane huna.
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Cubie
Moderator




Registered: 01/11/08
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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: gettinjiggywithit]
#7905963 - 01/20/08 02:22 PM (16 years, 12 days ago) |
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I'm saying there borrowing money and shit because they can't explain the money they really got and were a lot better off then most people think.
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bmiles
artist



Registered: 12/31/07
Posts: 2,299
Loc: on the left side
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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: Asante]
#7905993 - 01/20/08 02:33 PM (16 years, 12 days ago) |
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Quote:
Wiccan_Seeker said:
Yup thats how I see it too. Defaulting is not an option, so flush the dollar, pay off expensive debt with cheap dollars, and abandon ship towards the Amero or another New Dollar.
If anyone is at a loss what to do with the $800 I strongly recommend to buy 5 bars of 10oz silver each. Buy domestic so it will boost the economy like envisioned, and you got a nice position in silver for the dire times that may be ahead.
you are a smart man, i'm suprised no one has brought up the amero so far. the fact that we might be turning towards the north american union is very frightening to me. investing in silver is also a great idea, because when paper money is no longer good anymore silver will retain its value.
-------------------- Never go with a hippy to a second location.
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Cubie
Moderator




Registered: 01/11/08
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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: bmiles]
#7906008 - 01/20/08 02:39 PM (16 years, 12 days ago) |
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What wrong with a north American union? Seems to me It would just make us a stronger nation.
Wouldn't they convert dollers to ameros?
Edited by Cubie (01/20/08 02:42 PM)
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Redstorm
Prince of Bugs




Registered: 10/08/02
Posts: 44,175
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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: Cubie]
#7906019 - 01/20/08 02:42 PM (16 years, 12 days ago) |
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Quote:
Cubie said: I'm saying there borrowing money and shit because they can't explain the money they really got and were a lot better off then most people think.
Have any proof for this?
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Cubie
Moderator




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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: Redstorm]
#7906036 - 01/20/08 02:45 PM (16 years, 12 days ago) |
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A friend of mine was at the Marshall islands and saw a navy ship loading tons of weed. That's where they grow it. Don't believe me? Google earth Marshall islands. You'll be surprized.
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RosettaStoned
Stranger


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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: gettinjiggywithit]
#7906042 - 01/20/08 02:47 PM (16 years, 12 days ago) |
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Quote:
If they have plenty of money, why do they keep "borrowing" it from the social security fund and from CHINA?
That's how they have plenty money - borrowing
-------------------- "Government big enough to provide you with all you need is also big enough to take everything you have." ~ Thomas Jefferson "Without stupid, faggy potheads we wouldn't have wars." - Zappa
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bmiles
artist



Registered: 12/31/07
Posts: 2,299
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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: Cubie]
#7906115 - 01/20/08 03:14 PM (16 years, 12 days ago) |
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Quote:
Cubie said: What wrong with a north American union? Seems to me It would just make us a stronger nation.
Wouldn't they convert dollers to ameros?
some people believe if we become the north american union, which consists of america, canada and mexico, we will lose many of our rights from the constitution. we may even have a new constitution. and i doubt most canadaians/mexicans want to be involved in our policing of the world, and our inevitable bankruptcy.
-------------------- Never go with a hippy to a second location.
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Cubie
Moderator




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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: bmiles]
#7906134 - 01/20/08 03:23 PM (16 years, 12 days ago) |
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I think we would have more rights. Better economy. Bigger army. Or if they try to fuck is its just more people for the revolution.
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RosettaStoned
Stranger


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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: bmiles]
#7906179 - 01/20/08 03:38 PM (16 years, 12 days ago) |
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Quote:
and our inevitable bankruptcy
The bankruptcy will come before the NAU. It will be sold as a "saving grace" to end our economic depression. Remember the New Deal? That's the only way I can see it happening. Else they will just do it behind the scenes and subvert our constitution without the need to do it overtly until they have absolute authority and no fear of reprisal.
-------------------- "Government big enough to provide you with all you need is also big enough to take everything you have." ~ Thomas Jefferson "Without stupid, faggy potheads we wouldn't have wars." - Zappa
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Asante
Mage


Registered: 02/06/02
Posts: 86,795
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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: Cubie]
#7907009 - 01/20/08 07:20 PM (16 years, 12 days ago) |
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Quote:
What wrong with a north American union? Seems to me It would just make us a stronger nation.
The United States of America will cease to exist. Quebec and Tijuana will have equal say to California and New York. This offers opportunities to write a new constitution, not one yearning for freedom, but one written by the people who brought you the patriot act.
Quote:
Wouldn't they convert dollers to ameros?
Your wallet will be fucked so hard when they do that. All stores will raise their prices. All services will follow suit. That you have a weird currency with a weird value you are not acquainted with will be used to fuck you over.
It happened with the Euro, it will happen with the Amero. One big, grand THEFT operation. They'll rob you blind to coerce you to want the Amero and then they'll rob you blind with the introduction of the Amero.
American and Canadian businesses will outsource their production to Mexico, ever think of that?
North American Union + European Union + African Union + Asian Union --> ONE WORLD GOVERNMENT
And you're going to wonder WTF happened.
The superhighway infrastructure of the North American Union is being built as we speak. The NAU is coming, be sure about that.
One World Goverment. Sanitized media and Internet. The World Government having their eye on you ALL the time. Slavery through debt. Dependence through control.
THE FOURTH REICH
That's where we're headed.
-------------------- Omnicyclion.org higher knowledge starts here
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bmiles
artist



Registered: 12/31/07
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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: Asante]
#7907024 - 01/20/08 07:23 PM (16 years, 12 days ago) |
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Wiccan_Seeker hit the nail on the head people.
-------------------- Never go with a hippy to a second location.
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minesstudent
Who knows?



Registered: 12/12/05
Posts: 400
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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: Asante]
#7907541 - 01/20/08 09:37 PM (16 years, 12 days ago) |
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"The superhighway infrastructure of the North American Union is being built as we speak."
No its not.
-------------------- "The universe is the way it is because if it wasn't we wouldn't be here to talk about it"
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rizingfire
Mycoticus psychoticus




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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: minesstudent]
#7907592 - 01/20/08 09:47 PM (16 years, 12 days ago) |
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Well it isn't like this happened overnight. The global ID is in the Bible as the mark in revelations, it is a explanation that fits what we are seeing today that is pretty friggen scary since the Dead Sea manuscripts backed up the untouched /un-manipulated manuscripts...so we had more than a 2000 yr warning...lol It said that nothing will be bought and sold without it. So here is what I figure. We will get our new ID cards that have all our info and people will start counterfeiting them so they will have to go to a chip in the hand system or a barcode.
That is what I think. But even if it isn't the who One world Govt which is also in Rev. is definitly not a good thing. Shortly after it's creation an apostate world religion will be made. I would predict there will be an apostate pope who says Jesus was the son of God like you and I and not the Begotton son. Then it can easily be merged with islam. Many Catholics believe whatever the Pope says is true. Then there will be a war in the middle east and whoever stops the war with a 7yr treaty is the AntiChrist who will look like the savior...then 3.5 yrs into it he will break the treaty and enslave civilization with the mark, or the global identification system.....Really kinda scary how close it is.
-------------------- aka NHMI
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Cubie
Moderator




Registered: 01/11/08
Posts: 8,840
Loc: Down the rabbit hole...
Last seen: 11 years, 8 months
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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: rizingfire]
#7907617 - 01/20/08 09:52 PM (16 years, 12 days ago) |
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Fuck we live in a fuct society.. We just need to revolt
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rizingfire
Mycoticus psychoticus




Registered: 09/10/07
Posts: 875
Loc: North-east USm'f'nA
Last seen: 4 months, 11 days
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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: Cubie]
#7907633 - 01/20/08 09:55 PM (16 years, 12 days ago) |
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I may have mixed up the order a lil. Im with Cube! REVOLT!!!...or sit at home and get stoned and eat something....maybe next week or the week after...i don't really feel like it now...lol
-------------------- aka NHMI
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