 Have You Heard the News?!?
Federal spending made interesting.
Desparately needed to stave off a massive recession here in the U.S., Federal spending comes not in the form of another war, nor in the guise of yet another interest rate slash. It comes to us as an all-out hand out.
When in Rome... I suppose.
I'm looking forward. I've got a double-dip coming. Not only am I a tax payer, I'm married. And I have a small business. Being a tax payer here in the U.S means (at least for this year anyway) receiving a nice little check from the government with the hope that I'll spend it on a new TV or maybe some clothes. If I'm married, that check (however much) is going to double, plus one to two hundred dollars. And if I own a small business on top of that, we're talking tax breaks for new equipment.
Pretty sweet, eh? Anyone else smell a high-def 52 incher?
I do. The whole place stinks to high heaven like one...
Anyway, I think the payout is a cool way to go, but this isn't the late 1940's, where 70-sum percent of the WASP population had scuttled away nest eggs from the War. Though the number of people with actual money in hand is going to be significantly larger (if the bill passes the Floor), I wonder how a few hundred bucks each is going to dig us out of this whole we've been widening and poised to fall into since 2001.
Economies go up and down. We've been leading the world for decade. But what do I know. All I'm saying is that sometimes the hardest thing for an 'old hat' to do is sit quietly upon the shelf and 'recede' into antiquity...
Last edited by The Lion : 01-25-2008 at 08:25 AM.
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