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What is this?
Don't spend it, just give it back
Published Tuesday, January 13, 2009
All across the country, the jockeying has begun.
State and national agencies and organizations are elbowing one another in an attempt to be first in line for the much-anticipated stimulus package expected with the impending inauguration of President Barack Obama.
But before our nation begins building bridges to nowhere and applying for grants from the government that infamously was caught spending exorbitant amounts of money on hammers and toilet seats years ago, perhaps we should consider a few things.
Part of the stimulus program that is being formulated is estimated to be nearly $1 trillion in scope.
Rather than spending money that we don’t have on things that we may not even need in the first place, what if the federal government did something different for a change, something that would have quick impact?
In 2007, the Internal Revenue Service collected approximately $2.69 trillion in income tax revenue.
Why not provide an income tax cut for a year equal to the $1 trillion that the government is considering spending?
Imagine if all individuals and businesses received a more than 30-percent rebate off last year’s federal income tax.
The money saved could easily either add to the deposits that banks have on hand, thus freeing up more capital that banks could lend, or the funds could be applied to personal and business needs that could quickly jump start a sluggish economy and sluggish personal income, too.
Before we start throwing around expensive federal bricks and mortar, we need to invest in common sense and put the money back in the hands of the people who made it in the first place.
Comments
Posted by ghost (anonymous) on January 13, 2009 at 2:45 a.m. (Suggest removal)
One day closer until the Obama voters get to see the catastrophe they voted for.
Posted by jwiggins (anonymous) on January 13, 2009 at 8:17 a.m. (Suggest removal)
Is this as opposed to the catastrophe that Obama is inheriting from the Bush-McCain voters?
Posted by southernbelle (anonymous) on January 13, 2009 at 9:54 a.m. (Suggest removal)
I couldn't believe what I read just last week in the Woodville Republican . I don't kow why it surprises me. It came right from the lips of Board president of the supervisors in Wilkinson county,Robert Morgan. I quote,"Has the town of Crosby done their planning to receive some of President -elect Obama's Stimulus Plan Funding?You need to submit plans and cost for any needed projects in Crosby including your street problems. YOU NEED TO GET THIS DONE NOW."Gimmee,Gimmee, Gimmee! It still amazes me of the handouts people look so forward to. Of course we all know that Wilkinson County is the poorest county in the poorest state in the Union. We all know it has more "minoritys"than any county in the state and is very much used to filling out forms for anything free. What happened to people earning their money? I have a feeling a lot of these Stimulus Packages are going to be a lot like the voting in Wilkinson County. A whole lot of fraud is going to go on here.In case some of ya'll aren't aware of just who Morgan is, then I will tell you. He's the one that,as illegally as it is,failed to show respect to our state flag during a ceremony that was being given for the donation of the American and Mississippi flags for the county courthouse in Woodville. This was on Dec.22,2008.Shame on Morgan!
Posted by southernbelle (anonymous) on January 13, 2009 at 6:10 p.m. (Suggest removal)
It looks like nobody is reading this article,so.... Ntz. Dem, an attorney named Bradley Hayes,from Natchez, wrote a really good letter to the editor of the Woodville Repubican. It was in the Jan.8th paper. Please read it and the next time something like this happens,I hope you get a call and come running with your cameras. I don't know how much Andy feels free to do. It may be too controversial for the health of his paper.
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