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Post by bchevy on Feb 27, 2009 18:29:40 GMT -4
hehehe, he said MISSPOKE,
Gotta love how the GOP lies to us, and the DEMS misspeak.... gotta love it.
Come on pot, meet kettle and get cookin' on an even flame.
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Post by dej on Feb 28, 2009 2:17:34 GMT -4
I can think of a "tax cut" that might help jump start things, and it's not even an original thought, as it used to exist. I (and probably a couple other posters) am old enough to remember filing income tax returns where interest on car loans, and I believe even credit card interest was deductible. (I operated mostly on cash back then, with just a gas card) After these deductions were eliminated, how did people try to work around that? By using home equity loans and refinancing mortgages to pay off credit cards and cars. So now instead of a 3 year car loan, people were refinancing, effectively creating 10, 15, or even 30 year car loans. By the time people rolled two or three cars into their mortgages, it started getting hard to make the payments, so they started falling for a lot of "creative" financing banks were offering to tap that bonanza. I think this was part of the reason people just seemed to get stupid when banks were offering loan deals some customers would have never touched 10 years earlier.
Maybe restoring these deductions could help. If they gradually restored car sales, and generated more retail sales, states would see an increase in sales taxes, vehicle registrations, and associated revenues, which means they might not have to be so reliant on federal handouts. Increased consumer consumption creates jobs, more workers, create more income tax revenue. People might be less inclined to try using their home as a piggy bank, making that market more stable, and keeping homes more realistically priced. That's how these cuts would be paid for.
I believe Sen. Mikulski actually got something into the stimulus bill that provides a temporary restoral of part of the car loan interest, but it is such short term & limited scope that it was really nothing more than a feel good gesture to claim one more tax cut as part of the bill, without actually providing anything of substance.
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Post by misternuke on Feb 28, 2009 2:33:11 GMT -4
hehehe, he said MISSPOKE, Gotta love how the GOP lies to us, and the DEMS misspeak.... gotta love it. Come on pot, meet kettle and get cookin' on an even flame. I'm particularly amused at how "dissent is the highest form of patriotism" when a liberal is being critical of a sitting conservative administration, yet conservative criticism of the new uber-lib administration is out of bounds and obstructionist. The irony is crushing. Who has the best price on pitchforks and torches?
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Deleted
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Post by Deleted on Feb 28, 2009 12:35:38 GMT -4
Wal Mart of course.....and those pitchforks and torches are at low, low prices. Those chinese make everything we americans will need for that day.
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Post by speedergurl68 on Feb 28, 2009 17:22:01 GMT -4
DO YOU KNOW WHO ISN'T GONNA PAY FOR IT? I KNOW THAT TOO p.s. And...'bitte that statement was most certainly NOT racist...I knew RobMoore was kidding...and I do think there are some NOW overly sensitive people out there waiting for something that JUST isn't coming....
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Post by linda712 on Feb 28, 2009 17:34:23 GMT -4
True and agreed. T'was as innocent as saying, "like white on rice". Just sayings.
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Post by mcbeth on Mar 1, 2009 0:34:22 GMT -4
Can the Chinese afford to pay for it, is more like it; that's how we've been getting too much money by "borrowing" it from overseas. What happens when no one can afford to float us those loans? Very scary, selling ourselves off, piece by piece....
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