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Will Stimulus Spending Package Help America? Readers Express Strong Opinions--Most Express Doubts About Success

Stimulus Spending

QAS
DCMA
Wed Feb 11, 2009 9:21 AM

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Can anyone give any example where spending has gotten you out of debt???? The gloom and doom rhetoric that obama used to fool so many people and got him elected just isn't going to work and we are putting our great grand children in debt as well as putting our country in danger. The "change" and the free ride so many were suckered into thinking they were going to get just isn't going ti happen. By the spring of 2012 it will be hard to find anyone who will admit they supported this total failure and they way this country is going by 2012 we are going to be in big economic trouble.

Stimulus Spending Package

Hydraulic Engineer
USACE
Wed Feb 11, 2009 9:26 AM

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What congress and others do not understand is that government does have enought money and congress does not have the guts to pass a Stimulus big enought to help the U.S. enconomy.To really provide a stimulus the Government would have spend a 2.5 - 3 Tillion dollars above thenornal budgeted funds a year for the next 4 or 5 years . What got us out of the last depression was not the pulic workers programs of FDR but WWII and all of the Government spending with war. Spending for the war, 2 - 3 times more than peace time budget, also twice as many people working in 1943 counting the number in army, navy etc. than in 1939. Keynesian economics proably works but only with really big sums of money provided to projects that increase productivity of the country . Short of a real stimulus package the federal should step back provide unemployment benefits and other small things to help poeple out, but half-behind stimulus packages like this one should not be passed.

Re: Stimulus Spending Package

IT Specialist
SSA
Wed Feb 11, 2009 10:44 AM
WWII period also had rationing with wage and price freezes. I thought Bush should have suggested that when he decided to into Afghanistan and Iraq, instead of the 'go shopping' speech. I suspect it wasn't his idea but came from the genius economic advisors which are abundant but never seem to have the correct solution. Here we go again but now on a much grander scale.

As an analogy someone mentioned the cholera epidemic in England 1831-32. As victims became dehydrated they were given more water, but water was the cause of the disease.

Taxes, the war and the stimulus package

Administrative Support Assistant
HUD
Wed Feb 11, 2009 9:31 AM

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Number 1: EVERYONE, including the rich and the big companies, should PAY their share of taxes.
Number 2: Get our military out of a war that is going nowhere.
Number 3: Quit bailing the big banks and industries out

It may sound simple but I think these three steps would improve the American economy more that just throwing huge amounts of money at the problem, we might as well burn the money. After these three steps are implemented we need to work on our internal problems, such as health care, the poor, education, etc.

Re: Taxes, the war and the stimulus package

Tester
SSA
Wed Feb 11, 2009 1:45 PM
Yes,
I agree that everyone should pay their share of taxes. Unfortunately, the richest of the rich pay the majority of the personal income taxes in this country. The lower income brackets (under 75K) pay very little in contrast.

Re: Taxes, the war and the stimulus package

Diversity Manager
DOL
Wed Feb 11, 2009 5:45 PM
You need to qualify your statement "democrats should pay their taxes"

Re: Taxes, the war and the stimulus package

everyman
dod
Thu Feb 12, 2009 9:22 AM
Everyone should pay a flat 10% tax and get rid of the loopholes.

Re: Taxes, the war and the stimulus package

Acountant, Retired gs 14
DOE, Albuquerque
Thu Feb 12, 2009 12:19 PM
10% flat tax? GAO said the tax would have to be 25% to make up for lost revenue of income tax. Currently,40% of workers pay no income tax and 30% that do pay taxes pay more in social security than income tax. GAO found in a flat tax, everyone but the top 5% would pay more. Typical right wing drivel . Flat tax is a cut for the rich.

Re: Taxes, the war and the stimulus package

Agent
IRS
Thu Feb 12, 2009 3:09 PM
Number 1 Diversity Manager is a bigot for insinuating that Democrats don't pay taxes. 2. Everyman needs to do a little calculating as a 10% flat tax will produce significantly less revenue than the current tax structure. In fact CBO did a study over a decade ago that found a flat tax rate had to be at least 25% to replace the current revenue stream brought in by the tax code. I'm not saying there are no loopholes in the current code, but most have an economic reason. The top 1% of taxpayers pay 70% of the total tax pie. Corporate America pays 8%. I'm in favor of reforming the tax code but not ready for a flat tax that will shift the burden on people who can least afford it. The answer is to hit the underground economy and make the corporations invest in America

survey results

hydrologist
doi
Wed Feb 11, 2009 9:31 AM

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I guess the one thing I would caution about this survey is that it was completed by government employees who have not and probably will not feel the true impact of the current downswing. We have good benefits and salary and job security and I think the survey clearly shows that people with good secure jobs at this point do not want to see the govt. go any deeper in debt since the last adminstration did such a good job of leaving us with a big bill to pay.

Budget cuts/belt tightening

HR Specialist
Dept of Veterans Affairs
Wed Feb 11, 2009 9:33 AM

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In a recession corporate america cuts there costs through layoffs and eliminating unecessary positions. Congress should follow suit. Eliminate 50% of the House and Senate. The savings would be significant and immediate.

Re: Budget cuts/belt tightening

Diversity Manager
DOL
Wed Feb 11, 2009 11:49 AM
I would cut HR what the hell do they do?

Re: Budget cuts/belt tightening

IT Specialist
DOD
Thu Feb 12, 2009 6:32 AM
The first positions that get eliminated are administrative overhead positions. Be careful what you ask for.

Let's Spend

Samuelson
Books Unlimited
Wed Feb 11, 2009 9:35 AM

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This downturn is a result of lack of spending. The govt has decided that since you people aren't going to spend it will. Better than no spending at all. I would rather have you people spend but since you are tightwads and there is no other option, I say spend, spend, spend.

At least this spending is limited in amount and duration unlike medicare, medicaid, sosecurity, military, govt funding of abortion clinics etc. etc. Those types of spending are what will be our undoing, not this little trill or so going down now.

Greed and bonuses for failures

Physical Scientist
DOI
Wed Feb 11, 2009 9:37 AM

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This is like throwing fuel on the fire. People on Wall Street and others like them need to clean up their greeding act. Now I and my children are going to be paying off their golden payoffs when they as CEO cannot manage a company-they should be fired with no big bonus for causing this mess. The American people should not be bailing out failures who cannot manage because of their greed.

Re: Greed and bonuses for failures

usda
worker
Fri Feb 13, 2009 2:42 PM
I feel we should go get our money back that was spent on bonuses and prosecute anyone who broke the law to enrich themselves or their stockholders. We need to revise exec compensation to ensure that no failing company manager is rewarded for doing so. I realize that is not part of capitaism, but look what unbridled capitalism has done to us now!
Total Comments: 111
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