Comments on: Bush May Be Warming to the Idea of a Second Stimulus Package http://www.taxgirl.com/bush-may-be-warming-to-the-idea-of-a-second-stimulus-package/ Paying taxes is painful... but reading about them shouldn't be. Sat, 21 Nov 2009 12:33:00 -0500 http://wordpress.org/?v=2.8.6 hourly 1 By: Fix the Tax Code Friday: Second Economic Stimulus Package | taxgirl http://www.taxgirl.com/bush-may-be-warming-to-the-idea-of-a-second-stimulus-package/comment-page-1/#comment-6931 Fix the Tax Code Friday: Second Economic Stimulus Package | taxgirl Fri, 24 Oct 2008 20:16:49 +0000 http://www.taxgirl.com/?p=1694#comment-6931 [...] the economy continues to sour, Congress and the White House both agree that some measure of economic stimulus is needed. The problem? They can’t agree on what would work best. So, I’m taking it to you, the [...] [...] the economy continues to sour, Congress and the White House both agree that some measure of economic stimulus is needed. The problem? They can’t agree on what would work best. So, I’m taking it to you, the [...]

]]> By: Kelly http://www.taxgirl.com/bush-may-be-warming-to-the-idea-of-a-second-stimulus-package/comment-page-1/#comment-6895 Kelly Tue, 21 Oct 2008 18:18:04 +0000 http://www.taxgirl.com/?p=1694#comment-6895 Mike, That's just crazy talk. Spend less? What kind of fiscal responsibility is that? ;) Mike,
That’s just crazy talk. Spend less? What kind of fiscal responsibility is that? ;)

]]> By: Mike Sylvester CPA/ABV http://www.taxgirl.com/bush-may-be-warming-to-the-idea-of-a-second-stimulus-package/comment-page-1/#comment-6894 Mike Sylvester CPA/ABV Tue, 21 Oct 2008 18:07:44 +0000 http://www.taxgirl.com/?p=1694#comment-6894 I am completely against a second "stimulus package." The Federal debt on a cash basis is over 10 trillion dollars and rising rapidly. On an accrual basis the debt is six times as much. The Federal Government needs to spend less money. I am completely against a second “stimulus package.”

The Federal debt on a cash basis is over 10 trillion dollars and rising rapidly. On an accrual basis the debt is six times as much.

The Federal Government needs to spend less money.

]]> By: Melody http://www.taxgirl.com/bush-may-be-warming-to-the-idea-of-a-second-stimulus-package/comment-page-1/#comment-6890 Melody Tue, 21 Oct 2008 15:58:55 +0000 http://www.taxgirl.com/?p=1694#comment-6890 I live in the rustbelt; and, I'll tell you, we've been in a recession for some time. Actually, it reminds me a little of the stagflation we saw during the Carter administration. The cost of necessities like food and gasoline have gone up while salaries has not kept pace and jobs are disappearing in droves. People are also running to the South for the job market (we really didn't need Ike--that just left more people damaged!). We also have bridges and roads that really need some work. Needless to say, I prefer a stimulus package that includes infrastructure work. It will at least temporarily provide some jobs up here and stop the outflux of our tax base. In terms of a capital gains cut, I've had to sell some assets this year; and I'm probably looking at carrying some of my capital losses forward -- for the first time ever. Put the people who can work to work. I'll take care of myself, thank you, and it's getting kinda lonely up here. I live in the rustbelt; and, I’ll tell you, we’ve been in a recession for some time. Actually, it reminds me a little of the stagflation we saw during the Carter administration. The cost of necessities like food and gasoline have gone up while salaries has not kept pace and jobs are disappearing in droves. People are also running to the South for the job market (we really didn’t need Ike–that just left more people damaged!). We also have bridges and roads that really need some work. Needless to say, I prefer a stimulus package that includes infrastructure work. It will at least temporarily provide some jobs up here and stop the outflux of our tax base. In terms of a capital gains cut, I’ve had to sell some assets this year; and I’m probably looking at carrying some of my capital losses forward — for the first time ever. Put the people who can work to work. I’ll take care of myself, thank you, and it’s getting kinda lonely up here.

]]> By: Kelvin Kao http://www.taxgirl.com/bush-may-be-warming-to-the-idea-of-a-second-stimulus-package/comment-page-1/#comment-6888 Kelvin Kao Tue, 21 Oct 2008 06:28:26 +0000 http://www.taxgirl.com/?p=1694#comment-6888 Some said that the first stimulus package didn't do that much good since many used it to buy essentials, some just saved it, instead of taking it out to shop. I wonder how much of this stimulus thing is to give a psychological boost and how much is to actually help out your finance, and in turn, the economy. I guess it depends on different people's income and debt level as well. Some said that the first stimulus package didn’t do that much good since many used it to buy essentials, some just saved it, instead of taking it out to shop. I wonder how much of this stimulus thing is to give a psychological boost and how much is to actually help out your finance, and in turn, the economy. I guess it depends on different people’s income and debt level as well.

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