Comments on: Stimulus Package Gives Families $65 a Month Tax Break: Don't Spend It All In One Place

By: Koolaid

Koolaid — Fri, 24 Apr 2009 22:20:42 +0000

If you did the research Chris you would see Between the years of 1993-1995(when Clinton was in office) there was a $90 billion shrink in the deficit! After that we actually had a nice 4 year run being in the positive numbers! So your comment that “we have been in a deficit since WW2” is incorrect. If you look at the data it wasn’t till after 9/11 that we had a deficit again. If you want to check out the website that had all the information copy and paste this site into your browser. Hope you find it interesting.

http://www.davemanuel.com/history-of-deficits-and-surpluses-in-the-united-states.php
but here is what the numbers look like for the surplus.

1998 69.2 Billion Dollar Surplus
1999 125.6 Billion Dollar Surplus
2000 236.4 Billion Dollar Surplus
2001 127.3 Billion Dollar Surplus

As for the crap were going through now….who knows what’s to come.

By: L.M.

L.M. — Tue, 10 Mar 2009 20:31:21 +0000

What am I going to do with my $65? Nothing. I’ll never even see it. I live in CA and they just raised sales taxes by 1% and state income taxes by 1/4% and doubled car registrations (what a coincidence, huh?). I figure with all the state increases, I’m looking at a negative $10-15 per month, even WITH the federal tax relief. The state even held up my tax refund
(2 months and counting) because poor management and political bickering has brought the state coffers to near bankruptsy. But if I DID get anything, I’d probably just give it to my elderly parents who are struggling in NY on Social Security that has not kept up with skyrocketing food and heating costs. If any of you CA legislaters are out there listening, come next election, you are SOOOO out of here.

By: greenANDgeek

greenANDgeek — Wed, 25 Feb 2009 20:40:37 +0000

Well I guess that will help cover the increased sales tax we are getting, if I’m lucky it will cover all of the increased sales tax that I have to pay.

By: Crimson Wife

Crimson Wife — Mon, 23 Feb 2009 20:00:47 +0000

Marie- I’m not turning up my nose at any decrease we might receive in our Federal tax bill. All I’m saying is that the increase in my state taxes is going to eat up the entire thing. Our annual car registration tax is going to double. There’s going to be a 1% increase in the sales tax. And our state income tax is increasing because the rate is going up and the dependent child credit is going to shrink by $200.

What the Feds giveth, the People’s Republic of California taketh away…

By: Marie

Marie — Mon, 23 Feb 2009 18:39:51 +0000

I can see that none of you are the vulnerable or the working poor — the ones will probably really appreciate another 60 or so dollars for food or medicine. I’m a single parent getting ready to borrow some money for my son to go to college (that might actually be there to be lent out now), so, I am in a boat where every little bit will help. And I’ve gotta say, its kind of … I don’t know, appalling maybe, to hear so many of you turning your noses up at the extra money in your checks. Kind of snobby. But so glad for all of you doing well enough to wave it off

By: Paul Turner

Paul Turner — Mon, 23 Feb 2009 03:01:08 +0000

Any money the federal government puts into our pockets will be more than offset by the cost of living increases which will include higher taxes on just about anything that can be taxed. New ways of taxing citizens are being pursued on a large scale now. Municipalities will increase the use of private enterprise photo-enforced speed and red light cameras to raise revenues. Licensing fees, insurance, etc. will cost more. It is important to pay attention to what has happened to the citizens of the United Kingdom, because the same eroding of are freedoms is being pushed for and is happening here in the U.S. Paul Turner

By: David L.

David L. — Mon, 23 Feb 2009 00:17:07 +0000

Just remember that socialism is great until you run out of people to pay for it! As long as Obama has everyone believing they can get something for nothing the U.S. is doomed. The change we can believe in is the fact that our economy is on the verge of collapse and our government would have us believe that we can borrow and spend our way out of it. What a joke! So what happens when all of the countries we owe money to figure out we can’t pay them back?

By: Crimson Wife

Crimson Wife — Mon, 23 Feb 2009 00:11:14 +0000

“I am going to use it to help offset my state tax increases.”

Ditto. That is assuming that we even get the tax break in the first place rather than hit with the AMT again like we did for ’08.

By: tom

tom — Sun, 22 Feb 2009 18:31:03 +0000

This is just what the doctor ordered! Change, Yeah that’s it A real change we can believe in! The only thing funnier is that they lead the dumb, stupid and deaf right to the slaughter house. Yea The Dems sucker us right in. $13.00 a week. Hey stupid Don’t spend it all in one place!

G gettem!

By: john

john — Sun, 22 Feb 2009 18:29:13 +0000

I am going to use it to help offset my state tax increases.
As a single guy, if the feds save me $30/month, my California tax increases are lessened by half.