Originally Posted by Joe V. (Post 1920138)

Good for you. Pat yourself on the back! I am sure you double pay income tax too, out of your concern. I, for one, believe my taxes paid are way too much. The federal government is out of control. Anything the people can claw back from them is a good thing.

Originally Posted by Stu from NYC (Post 1920143)

The part that bothers me is the govt just keeps borrowing to spend money they do not have and has no intention of ever paying it back.

At some point it will be time to pay the piper.

Originally Posted by Ben Franklin (Post 1920153)

"Yes, debt has to be repaid when it comes due. But maturing debt can be replaced with newly issued debt. Rolling over the debt in this manner means that it need never be “paid back.” Indeed, it may even grow over time in line with the scale of the economy’s operations as measured by population or GDP."
Source:
Does the National Debt Matter?| St. Louis Fed

Originally Posted by jimjamuser (Post 1920592)

Wrong - and especially when we are in a low-interest environment. Telling people to now worry about the "boogeyman of national debt" is just a scare tactic. Now is the PERFECT time to borrow!

Originally Posted by jimjamuser (Post 1920592)

Wrong - and especially when we are in a low-interest environment. Telling people to now worry about the "boogeyman of national debt" is just a scare tactic. Now is the PERFECT time to borrow!

Originally Posted by Cheryl Barrios (Post 1920577)

I am on a fixed income that includes a small pension and $156 from SS each month. Because of that, I get nothing from the government for stimulus. Could I use the money to stimulate the economy? Yes, just as much if not more than the next guy. Does it make me angry that I don't get it because I have a pension check even though it is small and SS? Yes. I have worked my entire life - and worked hard. Just because of this I get nothing. I don't like handouts but so many are getting them that don't need them that I'd like to get my fair share. I would appreciate lower taxes or no income taxes just as much.

Originally Posted by golfing eagles (Post 1920582)

OK, but your "small pension" must total $73,128/ year since you only get $1872/year in SS and stimulus checks were given out this time to those with income under $75,000. Then please define "fair share". Do you believe you paid your "fair share" of taxes all your life?

Originally Posted by tophcfa (Post 1920170)

The real scam is the $350 billion in the package that is going to bail out irresponsible state and local governments like Chicago, California and Connecticut because of many years of poor fiscal management. There financial problems existed long before Covid and now they are getting bailed out on the backs of responsible tax payers. Very sad. As far as the $2,800 stimulus my wife and I recently received, we will be needing at least that to cover the ever increasing price of gas and oil since the new administration has taken over.

Originally Posted by FG111 (Post 1920104)

President Biden signed the American Rescue Plan Act on March 11. Provisions in the bill authorize another round of $1,400 stimulus checks for each eligible person ($2,800 for couples).

There are 1000's of couples living in The Villages with a paid-off house, no debt, tons of money in the bank, free paid medical insurance and as long as their gross adjusted yearly income is under $150,000, the couple will receive $2,800 in free US tax dollars. This is on top of the two prior stimulus checks they have received in the past six months.

I honestly believe those folks who need the money should be helped, but this stimulus money was not meant for people who didn't need it and for those people living in The Villages that meet this criteria and don't need the stimulus money are just scamming the rest of us.

Originally Posted by sanman8285 (Post 1920550)

That is not a fair assumption. what about the people that actually save the money did right by themselves to afford a house paid off cash and live on an income that they worked for that they pay taxes for what about the people that are collecting the stimulus money have not worked a day in their life and are driving $80,000 cars and not paying rent or mortgage?

Originally Posted by jimjamuser (Post 1920592)

Wrong - and especially when we are in a low-interest environment. Telling people to now worry about the "boogeyman of national debt" is just a scare tactic. Now is the PERFECT time to borrow!

Originally Posted by jimjamuser (Post 1920591)

The federal government is NOT "out of control". It did what it is supposed to do in this case. The federal government is DESIGNED to protect and help its citizens, especially in a crisis. Could any of us by ourselves have built our interstate road system? Or any of the BIG scientific and medical miracles of modern America. Hating on Government is like a dog biting the hand that feeds him!

Originally Posted by Dr Winston O Boogie jr (Post 1920548)

Can you give me some examples of these tax cuts for the rich?

Originally Posted by tvbound (Post 1920626)

I easily could, but I won't. I'm not going to be baited into a subject that is banned here and it only takes a very simple search, which most anyone can do, to find the examples.