No Stimulus Petition

If you haven't heard there is an advocacy group calling themselves “Americans for Prosperity” that has started a No Stimulus Petition drive. Basically Americans for Prosperity are requesting that there be no spending in any government passed stimulus package.

I don't know that I necessarily agree 100% with their No Stimulus Petition but it does have some merit. Why do we as a nation have to accept our leaders borrowing $1.1 Trillion ($827 Billion + $300 Billion Interest) to be spent on projects that don't stimulate the economy very well when there are so many good ideas out there that actually cost far less.

Here are just a few of my ideas, please feel free to leave some of your ideas in the comments.

-Lower or temporarily suspend payroll taxes

I personally pay around $70 a week just in the Federal Withholding Tax, that's $280 a month. Imagine if you multiplied that by 2 for a couple. I don't know of too many families that couldn't use an extra $560 a month!

-Regulate the Credit Card Industry

Make federal mandate that the credit card companies can not charge more than 12 or 13%. The credit card companies are Raping the American public by charging upwards of 33%.

Most people are unaware that almost all the states have laws on the books that regulate the amount of interest that can be charged by these companies. From what I remember this rate was in between 10 to 15% maximum. So how do the credit card companies get around this and legally charge you 33%? They incorporate in states like Nevada that doesn't have these laws. So when you sign your credit agreement you are agreeing to that states credit laws not your home states.

-Help people refinance their houses

By refinance I mean help get people loans with good fixed interest rates and a monthly payment that they can afford. Even if the loan has to be for 40 or 50 years. It is better than these people defaulting on their loans, besides the average person only lives in their house for about 7 years. I in no way agree with just giving these people money or paying part of their loans.

-Don't bail out the Auto Manufacturers

Why just give the auto manufacturers money to keep going? There is no value there. How about giving every American that wants to buy a new car a $5,000 tax credit for buying it?

There are still a lot of people out there with good jobs that aren't worried about loosing them that would love to buy a new car if they had an incentive. I know of a lot of people that went out and bought new cars when they were first offered at 0% interest.



These are just a few of my thoughts, but I would urge everyone in these tough times to keep up to date on what is going on in our government, know who you Senators and Representatives are! Remember your vote put them there, they represent your interests. Call them and let them know what you think on the issues that are important to you, thats what they are there for!