THE CANCER KILLING PDCOM - Blow-by-Blow Coverage of Democratic Primary Race

[AFK]

But I think there is a middle ground.  I know because I live on it.  I save money, I don't have credit card debt, I am able to make my mortgage payments, and I have some things/material goods.  It is possible to put money into the economy and maintain a financially stable household.  Now, of course, I am the Middle Class, and it's a whole different bowl of wax for lower middle class and the poor. 

And I know there's always been irresponsbile spending and there always will.  I guess the big difference really was when so many people were being irresponsible with finances when it came to buying houses.  If that shit isn't fixed, it doesn't matter what Bush, Pelosi, and Reid come up with to stimulate the economy, because we'll be right back at square one in a few years. 

[Diseris]

Just got to work out the year early tax credit numbers-

$1.4b / 300m = $466.67 per person average.

PRT=i

4.2% on 30 yr T-bills 

http://www.federalreserve.gov/releases/h15/update/

30 year maturity



466.67*.042*30

$588 interest per person

=$1054.67 per person average cost, because the money you get at first is your own assumed tax return from next year. 

That's per person though, not taxpayer

http://answers.google.com/answers/threadview?id=380531

140b / 130,728,360 = $1070.92 cost per taxpayer, 30 yrs later its $1349.36 in interest total cost
is $2421 ea for your $600-1200 refund. 

Is this correct?  I have payday loans that were a lot worse than that

The numbers look real bad per individual when you do the same for the national debt....

http://www.brillig.com/debt_clock/

Vote early, vote often, vote with your money.

have a nice day.

[Diseris]

Sorry, it gets just a bit worse, lol

30225*.042*30 =$38083.5 ea in interest
                            $30225.0
                            $68k owed by each living person to pay for the government if the govt were to stop spending    right now and pay off the debt 30 years from now?

I don't even really understand what that means, or maybe I'm just having cognitive dissonance.

[Cain]

Add another $5000 per person, per annum. 

For when China's economy goes up merde creek sans une paddle.

[LMNO]

ok, someone explain this to me.

I just read in the paper (so it's a summary, and might be false) that poor people will get $300, and the middle class will get up to $1200.

So the people that need it less will get the most?

[Cain]

Poor people will put their money to essential uses, like food and heating and bills.

Middle class people will spend it on iPods and laptops and lunch at suishi bars.

The latter helps the economy more.  Didn't you realize people exist only to serve The Market?

[Darth Cupcake]

At least they aren't sending GIANT checks out to the upper class.

It doesn't seem right to me that the regular people get checks and then lower class get mini-checks, but on the other hand, the dividing line is "people who make so little that they don't pay taxes." And I guess the justification is that in paying money to people who don't pay taxes, you will NEVER see return on that money. Cause they don't pay taxes. The middle class pays taxes, so while they will get double the check, they will eventually at least marginally contribute to paying it back.

Not saying that I think that's correct, but I just imagine that is the logic.

Although, you have to be making so absurdly little to not actually have to pay taxes. The cut-off is around $5k a year. So most of the "working poor," people stuck in minimum wage jobs, working two jobs, etc, will be well above the cut-off to get the $600 instead of the $300.

[Cain]

The "logic" is to keep consumer spending high in order to keep the Chinese economy afloat.  Because if its not kept afloat, then you can pretty much kiss goodbye the chance to see your current standard of living again in your lifetime.

[Cain]

http://www.nytimes.com/2008/01/25/opinion/25fri1.html?_r=1&oref=slogin
http://www.nytimes.com/2008/01/25/opinion/25fri2.html

NY Times articles showing who they are backing.

[AFK]

ok, someone explain this to me.

I just read in the paper (so it's a summary, and might be false) that poor people will get $300, and the middle class will get up to $1200.

So the people that need it less will get the most?

No, the $300 checks are going to single individuals while the $1200 is for couples.  Couples with children may also quality for an additional $300 per child.  Unless anyone here made over $170,000 last year, in which case you are shit out of luck.  

[Darth Cupcake]

ok, someone explain this to me.

I just read in the paper (so it's a summary, and might be false) that poor people will get $300, and the middle class will get up to $1200.

So the people that need it less will get the most?

No, the $300 checks are going to single individuals while the $1200 is for couples.  Couples with children may also quality for an additional $300 per child.  Unless anyone here made over $170,000 last year, in which case you are shit out of luck. 

What I got on the news last night is that it's $600 to individuals, $1200 for couples, plus $300 per child. This is available for individuals who earn less than $95k a year and families at less than $170k. For people who are making so little that they do not qualify to pay taxes, it is $300 to individuals and $600 to couples. There might've also been some money for children in there, but I didn't catch that.

[AFK]

Yeah, I was just pulling that from the examples given over at MSNBC.com  I think there are a lot of different scenarios that will mean more/less money.  I'm sure there will be one of those "Choose Your Own Adventure"type formula thingies like they use on the 1040. 

[Cramulus]

Yeah, I was just pulling that from the examples given over at MSNBC.com  I think there are a lot of different scenarios that will mean more/less money.  I'm sure there will be one of those "Choose Your Own Adventure"type formula thingies like they use on the 1040. 

[AFK]

"If you're Gross Adjusted Income is less then $72,000 then go to page 37 and fill out lines 34 through 47.  If you're Gross Adjusted Income is more than $72,000, STOP, you can't take this credit and you are going to be eaten by a Bear!"

[trippinprincezz13]

Yeah, I was just pulling that from the examples given over at MSNBC.com  I think there are a lot of different scenarios that will mean more/less money.  I'm sure there will be one of those "Choose Your Own Adventure"type formula thingies like they use on the 1040. 

Ahh, I had a bunch of those books when I was a kid. Fun times.