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!

2009 Economic Stimulus Plan

I turned on the TV this morning and heard some shocking news that the senate was close to reaching a bi-partisan agreement! Then I surfed the Internet and everyone on here is saying the same thing!

I am kind of scratching my head on this one, evidently none of these people actually watched the LIVE CSpan Senate session like I did Friday night. It is pretty bad when the national news blatantly lies to the American public and no one notices.

Out of all the Republican Senators only two are in favor of the Senates revised version of the Economic Stimulus Plan, and those two senators were part of the four person committee that wrote it. WOW! That really sounds like a bi-partisan plan to me! But wait it gets better.

This new Economic Stimulus Plan isn't like the Houses version that was full of PORK and would have cost the American Taxpayer $820 billion. This new Senate version supposedly cut out $100+ billion of pork and will only cost us $827 billion! Oh, I almost forgot since we are borrowing this money don't forget to add the $300 billion in interest! I guess this is a small price to pay for getting the economy back on track.

With this $1.1 trillion Economic Stimulus Plan it should create 1.5 million to 4 million Americans jobs! Which doesn't sound too bad. Well lets do a little math. If in the remote chance that this plan creates 4 million new jobs, which I think most would agree is pretty slim. Those 4 million jobs will only cost a little over $220,000 each! I don't know anyone who would think that sounded like a good plan. If we are just going to waste money like this why don't we just give 32 million people $22,500 to spend as they like?

Don't get mew wrong I am all for getting the economy and my fellow Americans back working again, but not at this price!