Thursday, November 05, 2009

Where's Mine?

I have been waiting for a while to point this out. It has been bothering me for a long time so I thought I would bother you some.

The Stimulus Bill that was passed by the Obama Administration is reported to cost us $787billion.

There are almost 308million people in the US.

Small Businesses produce about 85% of the Jobs in America.

There are almost 23million small businesses in the US.

The Stimulus bill cost us almost $2600 per person. This does not include future interest on this additional debt. If 47% of Americans don't pay any taxes then the actual cost per person is $5600 per person who pays taxes. (This is skewed farther by able bodied workers who pay taxes.)

If the Stinulus would have been distributed to small businesses, each business would have gotten $34,250. This money could have provided one job at a living wage for one year for every small business, adjusting for employer side taxes and expenses. That would have created 23million jobs. Notice that the employer and the employee are immediately contributing back in the form of payroll taxes minimizing the net cost of the stimulus package. Don't forget to imagine 23million significant wage earners as consumers in the system. Now we are talking real stimulus.

If the US is statisticly suffering from 10% unemployment then putting the money to work by giving it to small business for job creation would have cut unemployment by 7.4%. Mathematically we would be at 2.6% unemployment.

Does anyone still think those in Washington DC have a clue on how to get the most bang out of our buck. Don't allow them to take anything more from us.

Keep saying NO to Healthcare.

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Blogger Tom said...

It's fun to play with numbers. Since consumers are not buying, I doubt employers would spend that money on hiring another employee. They could use it to pay for health insurance for their current employees, pay their debts do to lack of profit, or we could use to pay the 11 trillion dollar debt run up by two Republican Presidents.

3:46 AM, November 06, 2009  
Blogger Joe said...

Tom: What part of the debt increase run up by one Democrat President, which amount is multiple times larger than what he "inherited" should it be used to pay?

ablur is correct in his assessment.

10:29 AM, November 06, 2009  
Blogger Tom said...

I must have missed it.

Bush added 5-1/2 trillion to the debt.

Obama has not added multiple times that to the debt.

Obama is still running the government on Bush's fiscal budget.

Bush and the Republicans wrote the first TARP bill. What makes you think if Bush were still President he would not also have pushed for the second? Bush was the one who said if we did not, the economy might collapse.

I was against any bailouts from the government, and I still am.

What right has this selfish generation got - to run up a debt of 11 trillion dollars in less than one generation (30) years, and leave future American generations bankrupt?

We should tax ourselves and pay off the debt we created, before our generation dies off.

It's simple Math.

Cut taxes - don't cut spending = bankruptcy, and irresponsible, negligent leadership.

Who left us with this financial A-bomb? Republicans.

And the Republicans answer, is to continue to cut taxes, that's irresponsible.

Why leave your children and grandchildren with a bankrupt country?

The greatest economic boom in History was in America between 1948 - 1972, when our tax rate was twice as high as it is now.

Proving that exceptionally great financial growth can occur within a higher tax rate.

The trillion dollar deficits started as soon as we cut taxes, but not spending. That was President Reagan, a 5 trillion dollar deficit.

When Reagan took office our debt was just under 1 trillion, and it took us 200 years to get there.

10:59 AM, November 06, 2009  
Blogger ablur said...

Tom -
You may want to go back and check before you write some of these things. One year after the Bush Tax Cut the Treasury reported a net increase in money coming in not a decrease. The tax cuts stimulated the economy and increased the governments revenue.

Bush did things I couldn't stand, but he was the best we had given what was offered up. I think we can do far better.

The current budget falls on the head of BO for Signing us away to more debt. The Stimulus, TARP 2, and many other bills signed by BO. The debt load we are currently under was indeed started by Bush but BO has pushed it way beyond his budget proposal.

We need to cut spending. We need to review all the spending of the federal government line by line program by program and any that are not fulfilling their purpose should be cut. We can't afford pet projects. Any government program becomes the closest thing to eternal life the moment it is enacted. We cannot afford anymore programs.

You might want to check your Reagan numbers. I have only found him to have generated $1.74trillion in 8 years.
HW Bush added $1.13T in 4 years.
Clinton did well by comparison only $884Billion in 8 years.

3:04 PM, November 06, 2009  
Blogger ablur said...

Back to my article. If the money given to small business was specifically required to be spent on new hires and their associated costs it would match my numbers. The government loves requiring people to do things.

I'm sure we could generate other ideas that would out perform what BO's Stimulus bill will do.

3:08 PM, November 06, 2009  
Anonymous Anonymous said...

As for the specific lack of respect for the GIs who were gunned down, (another Chicago moment in his mind) we must remember, the U.S. military is one of the strong obstacles the Left must overcome to effect their complete take over. So why would Obama show up to support what he and his want to collapse?

Obama's actions, or should I say, reactions, are also completely consistent with a faithful Muslim. He could barely contain his delight. Arriving at Camp David as usual for evening prayers yesterday, he undoubtedly thanked Allah for the success of the mission.


God Bless our fallen and injured troops, and thank you President Bush and First Lady Laura Bush for being there quietly, discreetly, and compassionately. I miss you .

10:31 AM, November 09, 2009  

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