Garfield1966
Veteran
As I recall W was protecting Indiana from imminent attack and his side kick got 5 deferments. None of them are fit to lead the country.
Fed to match your bonus
- Thread starter WingNaPrayer
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As I recall W was protecting Indiana from imminent attack and his side kick got 5 deferments. None of them are fit to lead the country.
T
The Goose
Guest
Ed Norton
Veteran
The only anti-war candidate remaining is Ron Paul. He served as a flight surgeon in Vietnam.
T
The Goose
Guest
Maybe I just heard him on a bad day, but I listened to Ron Paul try to answer a question on some show; I don't remember what it was.
He was very evasive, did not answer the asked question at all, and reminded me very much of the governor in Blazing Saddles played by Mel Brooks.
I didn't see any distinguishing characteristics in the man and at the end of the day, he's still a Republican regardless of what banner he's running under, and as we have all found the hard way, the Repooplickans are hardly the friends of labor.
The most telling event to me, however, is that Ted Kennedy endorsed him. Perhaps he want to give Obama driving lessons? That may be a political death sentence.
TIME FOR CHANGE
Veteran
So I not only get to pay taxes to educate your children (I get no break on that even though I do not get nearly the benefit that someone with children does) but I get to pay extra tax so that you can get $300 a kid? What entitles you to more of my money?
The same thing that entitles AA's management to more money.
If you dont like it write to your comgress person
or have some kids for a tax break
Garfield1966
Veteran
So I not only get to pay taxes to educate your children (I get no break on that even though I do not get nearly the benefit that someone with children does) but I get to pay extra tax so that you can get $300 a kid? What entitles you to more of my money?
The same thing that entitles AA's management to more money.
If you dont like it write to your comgress person
or have some kids for a tax break
I realize you like to try and get your union spchiel into everything but I fail to see the connection between tax rebates for children and management getting stock bonuses.
I fail to see why my being married obligates my family paying a higher percentage tax, as apportioned, than two single people that cohabitate. Over the respective lifetimes of the married versus cohabitating couples, the married pay more in taxes.
This chump change is much like the periodic bailouts given Industry for their excesses. If Congress really wanted to get people spending money they shouldn't be spending versus money the treasury doesn't have- allow a tax free withdrawl from 401(k)s for payment of debts limited to the percentage of debt to Adjusted Gross Income: it would be a way of reducing personal debt while not increasing national debt. I believe the precedent was set during the legislative wrangling over Hurricane Katrina Funding.
Just like the check from AA: I'll take the check and cash it, but it will only buy future reserves against hard times; not goodwill.
This chump change is much like the periodic bailouts given Industry for their excesses. If Congress really wanted to get people spending money they shouldn't be spending versus money the treasury doesn't have- allow a tax free withdrawl from 401(k)s for payment of debts limited to the percentage of debt to Adjusted Gross Income: it would be a way of reducing personal debt while not increasing national debt. I believe the precedent was set during the legislative wrangling over Hurricane Katrina Funding.
Just like the check from AA: I'll take the check and cash it, but it will only buy future reserves against hard times; not goodwill.
Garfield1966
Veteran
TIME FOR CHANGE
Veteran
You asked "what entitles you to more of my money"
I replied
The same thing that entitles AA management to more of my money.
Now do you see the connection
😉
WingNaPrayer
Veteran
Not every person has a 401K they can tap, in fact - most don't.
The idea is to get some cash into everyone's pocket so they can run out and give it to walmart and the like. That way, the money ends up where it really has to go in order to truly stimulate our economy . . . . .CHINA!
Every time I borrow against my 401K, it's tax exempt and when paying it back, all the interest goes to me as well. I think the AA 401K plans work similarly, but I can't say whether or not they have a charge for making the loan, or what happens if you just plain don't pay it all back.
My 401K allows for borrowing of up to 90% of my balance, I think AA limits you to half or less.
Now I like your idea of a tax free withdrawal, rather than a loan. But you would also have to remember that taking money from your 401K with no intent to pay it back can jeopardize a lot of people's ability to retire at the time they want to.
The fact is the majority of people aren't going to use any stimulus money to stimulate the economy, most are going to use it to pay, as you say, debt and bills. A married couple with 4-5 kids is going to make out quite nicely with 1200 for the parents and 1500 for the kids. I can see a lot of big screen TVs and blue ray DVD players going out the door with that kind of coin. That doesn't stimulate the economy per se, rather it would stimulate a specific industry.
Had I qualified, 600 bucks is a car payment and I don't think using the national debt increase to pay loan payments does a whole helluva lot to stimulate the economy either!
Its impossible to stimulate the economy in this manner simply because, although the government is writing the check, they aren't dictating how it is to be spent. Should they say - "here is 600 bucks, go blow it on crap?"
Waiting until June won't help either, the economy is already in the toilet, by June it will be flushed and gone. This will really hurt the repuplicans in the up coming elections.
I think it's a stupid idea, but I'm not turning down "free" $1,500. I'll cash it and put it in my safe for a rainy day where it won't do the economy any good at all.
My opinion is that an occasional recession is a good thing, much like a forest fire. Keep putting them out, and the waste builds and builds until you have a massive failure (huge forest fire out of control = economic collapse under an unmanageable amount of debt).
My opinion is that an occasional recession is a good thing, much like a forest fire. Keep putting them out, and the waste builds and builds until you have a massive failure (huge forest fire out of control = economic collapse under an unmanageable amount of debt).
Actually, I never have believed that the poorest among us are the ones that can drag this FUBAR of an economy out of the mud.
On average, my opinion is that, the largest 401(k) balances belong to those with the highest disposable incomes: thus the link between debt as a ratio of AGI.
If we want to more tightly focus the effort you would exclude mortgages so that those with million dollar homes would loose but those whose mortgages are more in line with their earnings would benefit.
We need to reduce consumer debt through means other that raising the public debt and simultaneoulsy reducing consumption.
Allowing those that have saved the opportunity to reduce debt will allow others to further extend credit terms while not saddling future generations with debts they never incurred;increase the size of the credit pie reduces the interest rates for "borrowed" pie.
At the end of the day, in my narrow world view, Airlines agreed to contracts with Unions that they abrogated at will; adversely impacting the ability of hundreds of thousands of good men and women to retire: NO ONE GAVE A DAMN. The resultant defaults and bankruptcies created a wave of credit insecurity for those in this industry that preceeded the larger national picture.
HILLARY CLINTON, BARACK OBAMA, JOHN EDWARDS, JOHN McCAIN, RUDY GULIANI, and MITT ROMNEY never asked for, nor demanded, restitution on behalf of these people whose only sin was working for the wrong company, that was never truly deregulated. It is interesting to note thatone of the individuals, Ted Kennedy, still claims to have their interests in hand.
Given the scale of the default of the Airlines and Politicians with respect to the employees of those airlines; giving the fiscal bone would in large part make up for the other bone they have taken.
Edward
Veteran
Since this thread has turned into partisan politics and is only tangentially relevant to AA please continue to follow it at its new home in "The Water Cooler".
Garfield1966
Veteran
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