Thursday, March 5, 2009

Who pays back who

A good amount of Americans stood up and cheered as President Obama signed the Stimulus bill a couple weeks ago. The thoughts that must have gone thru peoples minds. New jobs, better health care, better roads. One important thing was over looked. Who is going to pay the money back. The answer to that is we are. Thru higher sales tax and state and local taxes. In Florida where i live there is no state income tax. Its something were used to. Now state law makers are looking into it. Last year we passed a new piece of legislation that would lower you primary homes Property Taxes thus putting the state in the hole. Now schools are closing and teachers are being laid off. This is the problem i saw coming as soon as i read the bill. Now that billions of dollars we didn't have to put into the economy are being handed out to the states we have to find a way to pay back China or where ever else we got the money from. So consumers are going to foot the bill. Your going to pay higher sales tax on things, and its going to put the economy in a even worse position. Giving the money to the people would have been a better idea. Let us control how the economy rebounds. Let us spend money on things. Its a proven fact that if you give broke people money they will spend it, mostly on things they don't need. They will go out and buy a new car or a new TV. They will go out to dinner to celebrate this new found money. Giving the money to politicians to spend is a bad idea.

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