Comments on: Let’s bail ourselves out! http://deanesmay.com/2008/12/02/lets-bail-ourselves-out/ Defending the liberal tradition in history, science, and philosophy. Sat, 11 Feb 2012 13:24:07 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: JLBussey http://deanesmay.com/2008/12/02/lets-bail-ourselves-out/#comment-166145 JLBussey Tue, 02 Dec 2008 20:04:01 +0000 http://deanesmay.com/2008/12/02/lets-bail-ourselves-out/#comment-166145 Sign me up for J. A. Eddy's plan!  I'll take a quarter mil!  I know <em>just</em> what to do with it too... <em>JLBussey's last blog post..<a href='http://jlbussey.typepad.com/ce/2008/12/a-shed.html' rel="nofollow">A Shed</a></em> Sign me up for J. A. Eddy’s plan!  I’ll take a quarter mil!  I know just what to do with it too…

JLBussey’s last blog post..A Shed

]]> By: cardeblu http://deanesmay.com/2008/12/02/lets-bail-ourselves-out/#comment-166137 cardeblu Tue, 02 Dec 2008 17:08:54 +0000 http://deanesmay.com/2008/12/02/lets-bail-ourselves-out/#comment-166137 Rep. Louie Gohmert (Texas) proposes a <a href="http://gohmert.house.gov/Article.aspx?NewsID=1355" rel="nofollow">tax holiday</a>. <strong>"Billions of Dollars for Taxpayers, but Not One More Penny for Executive Bailouts" </strong>  [...] <blockquote>With $350 billion of the $700 billion bailout still available to Paulson pending Congressional approval, a conservative Texas lawmaker is proposing to put that money towards a tax holiday from both personal income tax and FICA tax for Americans during January and February of 2009.  He stated, "By instating a temporary tax holiday, we could electrify the American economy and provide overwhelming relief to taxpayers, all for less than the cost of the current failed Paulson-Pelosi bailout system." "We need to give this money to the people who earned it. I am sick of Washington millionaires trying to decide which of their cronies should get the next wad of taxpayer money," Rep. Louie Gohmert continued. "Think about how much you would have if you didn't have any social security or income tax withheld from your pay check, or if you didn't have to pay those taxes for January and February! Americans could take and invest their own money where they believe it should go - to paying down mortgages, buying a new car, making credit card payments. The economy would get relief where it is needed the most. Why try to decide how to prevent foreclosures? Just give taxpayers their own money to catch up on their payments. Those in lower income brackets who are hit the hardest by the FICA tax would see huge money back, and then THEY could choose who should benefit from their hard earned money.  Even the self-employed and small business owners would receive a fantastic amount of their own much-needed money, and they will be able to invest that back into their businesses and even create the ability to hire more people.” </blockquote> [...] Sounds like a real plan to me... Rep. Louie Gohmert (Texas) proposes a tax holiday.

"Billions of Dollars for Taxpayers, but Not One More Penny for Executive Bailouts"

 [...]

With $350 billion of the $700 billion bailout still available to Paulson pending Congressional approval, a conservative Texas lawmaker is proposing to put that money towards a tax holiday from both personal income tax and FICA tax for Americans during January and February of 2009. 

He stated, "By instating a temporary tax holiday, we could electrify the American economy and provide overwhelming relief to taxpayers, all for less than the cost of the current failed Paulson-Pelosi bailout system."

"We need to give this money to the people who earned it. I am sick of Washington millionaires trying to decide which of their cronies should get the next wad of taxpayer money," Rep. Louie Gohmert continued.

"Think about how much you would have if you didn’t have any social security or income tax withheld from your pay check, or if you didn’t have to pay those taxes for January and February! Americans could take and invest their own money where they believe it should go – to paying down mortgages, buying a new car, making credit card payments. The economy would get relief where it is needed the most. Why try to decide how to prevent foreclosures? Just give taxpayers their own money to catch up on their payments. Those in lower income brackets who are hit the hardest by the FICA tax would see huge money back, and then THEY could choose who should benefit from their hard earned money.  Even the self-employed and small business owners would receive a fantastic amount of their own much-needed money, and they will be able to invest that back into their businesses and even create the ability to hire more people.”

[...]

Sounds like a real plan to me…

]]> By: Trudy W. Schuett http://deanesmay.com/2008/12/02/lets-bail-ourselves-out/#comment-166136 Trudy W. Schuett Tue, 02 Dec 2008 16:39:47 +0000 http://deanesmay.com/2008/12/02/lets-bail-ourselves-out/#comment-166136 OMG! I can't believe this! I've been talking about this for days (at one point even with an accountant) and <strong>never</strong> has anyone brought up the math error. I guess the solution to that is don't talk turkey when you're cooking one. ;>) OMG! I can’t believe this!
I’ve been talking about this for days (at one point even with an accountant) and never has anyone brought up the math error.
I guess the solution to that is don’t talk turkey when you’re cooking one. ;>)

]]> By: Reading may be fundamental but math skills are handy too! « The Change http://deanesmay.com/2008/12/02/lets-bail-ourselves-out/#comment-166134 Reading may be fundamental but math skills are handy too! « The Change Tue, 02 Dec 2008 16:21:32 +0000 http://deanesmay.com/2008/12/02/lets-bail-ourselves-out/#comment-166134 [...] Categories: Uncategorized Trudy over at the blog that I used to be married to came up with a great idea, except for thing, she can’t add. My son and I came up with a cool idea over Turkey Day prep: instead of giving these businesses the [...] [...] Categories: Uncategorized Trudy over at the blog that I used to be married to came up with a great idea, except for thing, she can’t add. My son and I came up with a cool idea over Turkey Day prep: instead of giving these businesses the [...]

]]> By: Filed Away » Blog Archive » “A trillion here, a trillion there and soon you’re talking real money.” http://deanesmay.com/2008/12/02/lets-bail-ourselves-out/#comment-166131 Filed Away » Blog Archive » “A trillion here, a trillion there and soon you’re talking real money.” Tue, 02 Dec 2008 15:47:03 +0000 http://deanesmay.com/2008/12/02/lets-bail-ourselves-out/#comment-166131 [...] Schuett over at Dean’s World just posted a doozy of an idea, but got the math wrong by six digits. The idea was to foregoe all the banking bailouts and just [...] [...] Schuett over at Dean’s World just posted a doozy of an idea, but got the math wrong by six digits. The idea was to foregoe all the banking bailouts and just [...]

]]> By: J.A. Eddy http://deanesmay.com/2008/12/02/lets-bail-ourselves-out/#comment-166130 J.A. Eddy Tue, 02 Dec 2008 15:12:44 +0000 http://deanesmay.com/2008/12/02/lets-bail-ourselves-out/#comment-166130 Try it this way, give each household a bucket of money- that's roughly 116 million households (<a href="http://www.census.gov/popest/housing/HU-EST2007.html" title="US Cencus, Households" rel="nofollow">Information here</a>). Set it up in tiers based on a nuclear family of four- they get a million bucks, and that's the max. Sixteen kids, too bad, take your million and shut up. Live alone? 250,000. Retired? 250,000. Under 21? Zip, baby- how's about a nice voucher for 4 years at any state university? Already got a net worth in excess of say 50 million? No soup for you. The progressives would have a field day with this, and it would keep them so busy they couldn't do any real mischief. <em>J.A. Eddy's last blog post..<a href='http://jaeddy.com/?p=62' rel="nofollow">Funniest Christmas Commercial Yet</a></em> Try it this way, give each household a bucket of money- that’s roughly 116 million households (Information here). Set it up in tiers based on a nuclear family of four- they get a million bucks, and that’s the max. Sixteen kids, too bad, take your million and shut up. Live alone? 250,000. Retired? 250,000. Under 21? Zip, baby- how’s about a nice voucher for 4 years at any state university? Already got a net worth in excess of say 50 million? No soup for you.

The progressives would have a field day with this, and it would keep them so busy they couldn’t do any real mischief.

J.A. Eddy’s last blog post..Funniest Christmas Commercial Yet

]]> By: CosmicConservative http://deanesmay.com/2008/12/02/lets-bail-ourselves-out/#comment-166129 CosmicConservative Tue, 02 Dec 2008 15:12:27 +0000 http://deanesmay.com/2008/12/02/lets-bail-ourselves-out/#comment-166129 I think Trudy was using U.S. Congress mathematics..  ;) <em>CosmicConservative's last blog post..<a href='http://www.cosmicconservative.com/weblog/?p=4432' rel="nofollow">A respite from snark?</a></em> I think Trudy was using U.S. Congress mathematics..  ;)

CosmicConservative’s last blog post..A respite from snark?

]]> By: J.A. Eddy http://deanesmay.com/2008/12/02/lets-bail-ourselves-out/#comment-166128 J.A. Eddy Tue, 02 Dec 2008 15:01:46 +0000 http://deanesmay.com/2008/12/02/lets-bail-ourselves-out/#comment-166128 See! Costs are already spiraling out of control! <em>J.A. Eddy's last blog post..<a href='http://jaeddy.com/?p=62' rel="nofollow">Funniest Christmas Commercial Yet</a></em> See! Costs are already spiraling out of control!

J.A. Eddy’s last blog post..Funniest Christmas Commercial Yet

]]> By: TexasAg03 http://deanesmay.com/2008/12/02/lets-bail-ourselves-out/#comment-166126 TexasAg03 Tue, 02 Dec 2008 14:59:15 +0000 http://deanesmay.com/2008/12/02/lets-bail-ourselves-out/#comment-166126 <em>My son and I came up with a cool idea over Turkey Day prep: instead of giving these businesses the big bucks to cover their incompetence, why not give every American a million dollars?</em> <em> That’s only three hundred million bucks – a bargain at current bailout rates. </em>I was under the impression that there are about 300 <strong>MILLION</strong> Americans.  Give each American 1 million dollars {typed with pinky in corner of mouth}, and that comes to 300 <strong>TRILLION</strong> dollars. For 700 billion, you could give every American about $2,300 - I'll take it. <em>TexasAg03's last blog post..<a href='http://texasag03.wordpress.com/2008/11/25/posted-in-the-something-awful-forums-hilarious/' rel="nofollow">BEES!</a></em> My son and I came up with a cool idea over Turkey Day prep: instead of giving these businesses the big bucks to cover their incompetence, why not give every American a million dollars?

That’s only three hundred million bucks – a bargain at current bailout rates.

I was under the impression that there are about 300 MILLION Americans.  Give each American 1 million dollars {typed with pinky in corner of mouth}, and that comes to 300 TRILLION dollars.

For 700 billion, you could give every American about $2,300 – I’ll take it.

TexasAg03′s last blog post..BEES!

]]> By: J.A. Eddy http://deanesmay.com/2008/12/02/lets-bail-ourselves-out/#comment-166125 J.A. Eddy Tue, 02 Dec 2008 14:52:28 +0000 http://deanesmay.com/2008/12/02/lets-bail-ourselves-out/#comment-166125 No, no, no, no and for that last time, NO!! Don't you see what would happen? People wouldn't go blow the million on Plasma TV's and Ford Expeditions, instead they'd likely pay off all their debts, maybe even their mortgages! Then where would America be? They might even decide to take anything left over and, God Forbid, SAVE it! And how is this fair? Think of the wealthy! What good is a million bucks to them? Cripes, woman, they probably spend that much in the monthly Brie budget. And quite frankly, the thought of my sixteen year old with a million dollars... <em>shudder.</em> <em>J.A. Eddy's last blog post..<a href='http://jaeddy.com/?p=62' rel="nofollow">Funniest Christmas Commercial Yet</a></em> No, no, no, no and for that last time, NO!!

Don’t you see what would happen? People wouldn’t go blow the million on Plasma TV’s and Ford Expeditions, instead they’d likely pay off all their debts, maybe even their mortgages! Then where would America be? They might even decide to take anything left over and, God Forbid, SAVE it!

And how is this fair? Think of the wealthy! What good is a million bucks to them? Cripes, woman, they probably spend that much in the monthly Brie budget.

And quite frankly, the thought of my sixteen year old with a million dollars… shudder.

J.A. Eddy’s last blog post..Funniest Christmas Commercial Yet

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