Pelosi raises idea of $150 billion stimulus bill

Zorkon756 wrote:

I still don't think this individual would get a cent for insurance via a tax credit. If you don't pay taxes in the first place you can't get a tax credit. Sort of like claiming 28,000 of deductions after you were only when your income is only 10,000.00 See what I mean. You get back the money you actually paid, but not what you would had gotten back if you had paid more.
I thought people in Santa Fe screwed in hot tubs?

Aden wrote:

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Hey steve get a clue, do you work?. well unless you work for the government or own your own business, then it is one those millionaires that made your job possible, get it yet??.

Steve van Dresser wrote:

Gerry, you keep under estimating the budget deficit. It was estimated to be a little more than $400 billion, but that was before the bailout of Bear Sterns ($29 billion), AIG ($85 billion initially and another $35 billion today), Fannie and Freddie ($200 billion) and the new rescue package ($700 billion). So a better estimate, which includes these new commitments, would come to a deficit of about $1.5 trillion. The total cumulative national debt of all Presidents from George Washington through Jimmy Carter came to $1 trillion. So, in one year, Bush will out deficit all the presidents from one through thirty nine put together. Only Ronald Reagan even comes close to Bush II in deficit spending.

Aden wrote:

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Hey steve get a clue, do you work?. well unless you work for the government or own your own business, then it is one those millionaires that made your job possible, get it yet??.

RandyNason wrote:

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No, we don't. Actually, it would be more accurate to rate Hoover's policies to McSame's, and liken Obama's to FDR's. After Hoover drove the country into the ground (as Bush has done) it was FDR who brought us out of that mess by regulating industry and putting people back to work.

Steve van Dresser wrote:

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Part of the deal is that you would get the credit whether you paid any taxes, or not. And I think it is structured so that you get the money whether you spent it for insurance, or not. It turns out to be a partial compensation for the insurance you are going to lose.