I was unable to attend the Political forum held at the Armory in Crystal River. I was hoping to go and report back to everyone what the different candidates said. If any of my readers was able to attend, please click on the comments above and let us know what was said.
Thank you,
The House of Represenitves have passed the Wall Street Bailout bill 263 to 171. This is a sad day in our country that the middle class has to bail out the wealthy upper class. They got themselves into this mess and they should have figured out how to get themselves out.
Today is the day that the House will vote on the new version of the bailout bill. The Senate passed it the other day after filling it with tax cuts and other sweeteners. The process could be a long one today, for more information about that process please see the Fox News Report about today’s session in the House.
The heart of the bill, and the opposition to it, remained the same. It would enable the government to spend billions of dollars to buy bad mortgage-related securities and other devalued assets held by troubled financial institutions. If successful, advocates say, that would allow frozen credit to begin flowing again and keep the economy from a deep recession.
As revised by the Senate, the package would extend several tax breaks popular with businesses. It would keep the alternative minimum tax from hitting 20 million middle-income Americans, and provide $8 billion in tax relief for those hit by natural disasters in the Midwest, Texas and Louisiana.
Another addition, to extend the deductibility of state and local taxes for people in states without income taxes, helps Florida and Texas, among others.
That said the bill would be great for the economy if it were that simple. The lawmakers expect this to have the “trickle down effect” to help out the average citizen. In my personal opinion I feel that this trickle down would be too slow to affect individuals and small businesses. If you are not trying to get a loan right now and you don’t own stock – this bill will do nothing for you.
On top of that the additional “sweeteners” that the senate added in making the bill actually cost $850 billion is what I have the problem with. A couple of things that they added into the package are tax breaks for companies that make wooden arrows for children, to help litigants in the 1989 Valdez Oil Spill, and also ones that import Puerto Rican Rum.
What in the world does this have to do with our economy? These items are by far the dumbest things I have ever heard of. Politicians hard at work as normal I guess. Things like that are what put our economy in this position in the first place. We need to write our Congressman immediately and tell them not to vote for something stupid like that, or we won’t vote for them ever again.
Something needs to be done I agree with that, but politicians need to wake up and figure out the correct way to do it. Help the population out – not the companies who caused our economy to decline by doing stupid things. Put this money into our hands and the economy will turn around. Lower gas prices substantially and it will help the economy.
It’s time to Wake Up America. Here is a link to Ginny Brown-Waite’s website tell her to vote nay!
Hi Pals,
I’m against the $85,000,000,000.00 bailout of AIG.
Instead, I’m in favor of giving $85,000,000,000 to America in a We Deserve
It Dividend.
To make the math simple, let’s assume there are 200,000,000 bonafide U.S.
Citizens 18+.
Our population is about 301,000,000 +/- counting every man, woman and child.
So 200,000,000 might be a fair stab at adults 18 and up..
So divide 200 million adults 18+ into $85 billon that equals $425,000.00.
My plan is to give $425,000 to every person 18+ as a We Deserve It Dividend.
Of course, it would NOT be tax free.
So let’s assume a tax rate of 30%.
Every individual 18+ has to pay $127,500.00 in taxes.
That sends $25,500,000,000 right back to Uncle Sam.
But it means that every adult 18+ has $297,500.00 in their pocket.
A husband and wife team has $595,000.00.
What would you do with $297,500.00 to $595,000.00 in your family?
Pay off your mortgage – housing crisis solved.
Repay college loans – what a great boost to new grads
Put away money for college – it’ll be there
Save in a bank – create money to loan to entrepreneurs.
Buy a new car – create jobs
Invest in the market – capital drives growth
Pay for your parent’s medical insurance – health care improves
Enable Deadbeat Dads to come clean – or else
Remember this is! for eve ry adult U S Citizen 18+ including the folks who
lost their jobs at Lehman Brothers and every other company that is cutting
back. And, of course, for those serving in our Armed Forces.
If we’re going to re-distribute wealth let’s really do it…instead of
trickling out a puny $1000.00 (‘vote buy’) economic incentive that is being
proposed by one of our candidates for President.
If we’re going to do an $85 billion bailout, let’s bail out every adult U S
Citizen 18+!
As for AIG – liquidate it.
Sell off its parts.
Let American General go back to being American General.
Sell off the real estate.
Let the private sector bargain hunters cut it up and clean it up.
Here’s my rationale. We deserve it and AIG doesn’t.
Sure it’s a crazy idea that can ‘never work.’
But can you imagine the Coast-To-Coast Block Party!
How do you spell Economic Boom?
I trust my fellow adult Americans to know how to use the $85 Billion
We Deserve It Dividend more than do the geniuses at AIG or in Washington DC
And remember, this plan only really costs $59.5 Billion because $25.5
Billion is returned instantly in taxes to Uncle Sam.
Ahhh…I feel so much better getting that off my chest.
Citrus County it is definitely election season. All TV commercials are politically centered nowadays and that seems to be it. The presidential election is very important this year as we need change, but who do we vote for to give the Right kind of Change? On top of that we also have some very important races right here in Citrus County. Read the rest…
The Citrus County Network is looking for people who would like to submit articles about various subjects. Are you interested in politics, or maybe Citrus County sports? Write about it. We invite all of the political candidates to submit an article about why we should elect them. Any topics Citrus County Related is welcome. Let us know your thoughts, contact Paul at sales@citruscountynetwork.com for more information and to get started.