Ways to stimulate the economy.

Posted:
in General Discussion edited January 2014
Please, no BS political rhetoric here.



I think that not just tax cuts, but total tax reform is needed. I'm in favor of the tax cuts the admin proposes, though I think they could go further.



But other than that, what is left? Interest rates are extremely low. Credit is widely available. The money supply is fine. Energy prices are going down.



Thoughts? What else can be done?
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Comments

  • Reply 1 of 41
    billybobskybillybobsky Posts: 1,914member
    Quote:

    Originally posted by SDW2001

    Please, no BS political rhetoric here.



    I think that not just tax cuts, but total tax reform is needed. I'm in favor of the tax cuts the admin proposes, though I think they could go further.



    But other than that, what is left? Interest rates are extremely low. Credit is widely available. The money supply is fine. Energy prices are going down.



    Thoughts? What else can be done?




    the gment needs to actually appear to be doing something
  • Reply 2 of 41
    brussellbrussell Posts: 9,812member
    Quote:

    Originally posted by SDW2001

    Please, no BS political rhetoric here.



    ... Oh, I was just about to post something.



    I think the whole idea of stimulating the economy in some short term fashion is silly. It's a way for politicians, who know the economy will eventually turn around, to try to take credit for that eventual turnaround that they actually had nothing to do with.
  • Reply 3 of 41
    Politicians don't stimulate the economy.



    They just choose the level of debt that needs to be wracked up so that they can appease all of the AARP bastards who run the whole goddamn cocksucking country since they hobble with their walkers from the freakin bingo parlor to the stupid ass voting booths in order to vote in favor of the scumbags who spread the other white meat around en masse because they are power whores and in my view they are lower than the drippings of a drunken fück whereas the dipshits of my pitiful generation are too fücking busy watching Survivor to realize that they are taking it up the ass for the sake of grandpa's sugary daddy aka FICA. Maybe if we threw all of the white haired wenches in with the fücking great whites that hover off of Mifückingami and then cashed in their social security to pay for more youth baseball fields then we as a country could get something positive going.



    Alternatively, we could take a different tact as well.
  • Reply 4 of 41
    curiousuburbcuriousuburb Posts: 3,325member
    perhaps we could arrange to give it a lap dance while talking sexy...



    who's my big hard economy... oooh yeah, get that GDP up, baby.



    * suggestive gyrations *
  • Reply 5 of 41
    alcimedesalcimedes Posts: 5,486member
    Quote:

    I think the whole idea of stimulating the economy in some short term fashion is silly. It's a way for politicians, who know the economy will eventually turn around, to try to take credit for that eventual turnaround that they actually had nothing to do with.



    SHHHHH!!!



    man, the black helicopters are on their way already. you're not supposed to talk about that.......
  • Reply 6 of 41
    aquafireaquafire Posts: 2,758member
    Invade Canada.

    & Take out the leader of the leftwing anti-american downwith the economy stooge of marxist mayhem...Chuck Anders the White ( RED ) in prison or send him to France......Then free the English language from the French Quebecian & Montrealian Frog slurping Euro freeks......

    Ban Canadian Ice ( Cup-Cake ) Hockey teams......

    & Oh only give Huskies the vote......

    Long live the running dogs of capitalism
  • Reply 7 of 41
    toweltowel Posts: 1,479member
    Tax Cuts For the Rich(tm)!



    Coveniently, Tax Cuts For the Rich(tm)! not only cures recessions, but also booms, bubbles, stagnation, stagflation, inflation, deflation and every other economic malady and malapropism! All while it polishes your lawn, educates your kids, mows your car, cures cancer, ends poverty and hunger, protects Gotham City from the Joker, solves global warming, makes every Saturday warm and sunny, and promotes a golden age for all mankind! Tax Cuts For the Rich(tm)!



    Best Doonesbury ever.
  • Reply 8 of 41
    naderfannaderfan Posts: 156member
    Well, I'll just have to go with what Lewis Black says:



    "Tax cuts won't do anything for the economy, unless we all line up and spend them at exactly the same time. Even that won't stimulate the economy, but at least it'll be fun."



    The problem with tax cuts now is that a lot of people use the money to pay off loans, credit cards, or just save it. When the economy is this bad and after people have spent so much on credit cards and whatnot, people are more likely to stick to buying just stuff they need and paying off what they already own.
  • Reply 9 of 41
    randycat99randycat99 Posts: 1,919member
    I thought the economy was just beginning to spin back up as we speak? The charts have been rising steadily in the past few weeks, have they not? (I guess what I'm saying is that it seems what is already in place right now seems to be making a positive effect. So no need to bugger with it further, IMO. Just let it naturally take hold...)
  • Reply 10 of 41
    scottscott Posts: 7,431member
    Quote:

    Originally posted by Towel

    ...



    Best Doonesbury ever.






    I think the best one will be the last one.
  • Reply 11 of 41
    brussellbrussell Posts: 9,812member
    Here are a set of basic principles that Congress said should underly economic stimulus. It was agreed to by the Senate and House Budget Committees, and signed by Democrats and Republicans a month or so after 9/11/2001. Here's the link but it's a pdf file.
    Quote:

    Overall principle. An economic stimulus package should be based on the recognition that long-term fiscal discipline is essential to sustained economic growth. Measures to stimulate the economy should be limited in time so that as the economy recovers, the budget regains a surplus that is at least equal to the surplus in Social Security. Any short-term economic stimulus should not result in higher long-term interest rates.



    Objectives. An economic stimulus package should restore consumer and business confidence, increase employment and investment, and help those most vulnerable in an economic downturn, and do all of the above without converting a cyclical deficit into a structural deficit.



    Timing. Congress should assemble an economic stimulus package deliberatively but with dispatch, aiming for passage within 3-4 weeks, based on the best economic data available.



    Rapid impact. A substantial portion of the fiscal impact on the economy should be felt within 6 months.



    Sunset. All economic stimulus proposals should sunset within 1 year, to the extent practicable.



    Targets. Economic stimulus should be broad-based rather than industry-specific. Policies should achieve the greatest possible stimulus effect per dollar spent and should be directed to individuals who are most likely to spend the additional after-tax income and businesses most likely to increase investment spending and employment.



    Size. The economic stimulus package should equal approximately 1 percent of GDP (about $100 billion) but should count the budgetary effects of policies implemented since August, which, at present, total roughly $40 billion.



    Offsets. To uphold the policy of repaying the greatest amount of national debt feasible between 2002-2011, outyear offsets should make up over time for the cost of near-term economic stimulus.



    I know that you don't want to get political, so I'll let people judge for themselves whether Bush's proposals meet these criteria.
  • Reply 12 of 41
    trick falltrick fall Posts: 1,271member
    Tax cuts for the rich won't alone heal the economy. We also need to remove all regulations from business! Business is so encumbered by silly red tape that nothing can be accomplished. Plus it would help if we could ratchet up the drug laws some more, we need some more prison labor, regular labor is getting all uppity, always wanting more, I've even heard people complain about 2% raises!
  • Reply 13 of 41
    billybobskybillybobsky Posts: 1,914member
    Quote:

    Originally posted by trick fall

    Tax cuts for the rich won't alone heal the economy. We also need to remove all regulations from business! Business is so encumbered by silly red tape that nothing can be accomplished. Plus it would help if we could ratchet up the drug laws some more, we need some more prison labor, regular labor is getting all uppity, always wanting more, I've even heard people complain about 2% raises!



    several more wars for cheap labor, invade canada for trained labor and mexico for cheap labor, the rest of SA will follow as we work the "things" to death and quel rebellion with religious ferver... after the western hemisphere is taken onto SEA where the use of former dominion labor will give us trained persons, and the well trained nike rats will provide us with cheap labor... again religious ferver and death... once that is done we put to use africa and europe in a similar set up using the former soviet bloc and france as the cheap labor and the rest of those over educated brats as trained labor... once we have the world bleeding we begin ritually sacficing our young and old and build massive temples honoring our forgotten science and history until the day that the jaguar god brings rain and bountiful crops...



    blood lust always cures the economy...
  • Reply 14 of 41
    sdw2001sdw2001 Posts: 17,044member
    Quote:

    Originally posted by Naderfan

    Well, I'll just have to go with what Lewis Black says:



    "Tax cuts won't do anything for the economy, unless we all line up and spend them at exactly the same time. Even that won't stimulate the economy, but at least it'll be fun."



    The problem with tax cuts now is that a lot of people use the money to pay off loans, credit cards, or just save it. When the economy is this bad and after people have spent so much on credit cards and whatnot, people are more likely to stick to buying just stuff they need and paying off what they already own.




    And that's just patently false. It's such wrong-headed thinking. When people keep more money, there is more available to spend. It's a fact. Whether they use it to pay off debt first is irrelevant. People need to consistently have more of their own money. If they lower their debt first, it's also more likely they'll spend later.



    Tax cuts do work.
  • Reply 15 of 41
    sdw2001sdw2001 Posts: 17,044member
    Quote:

    Originally posted by Randycat99

    I thought the economy was just beginning to spin back up as we speak? The charts have been rising steadily in the past few weeks, have they not? (I guess what I'm saying is that it seems what is already in place right now seems to be making a positive effect. So no need to bugger with it further, IMO. Just let it naturally take hold...)



    It is getting better. And it would be better still if the government didn't tax away half of our incomes.
  • Reply 16 of 41
    brbr Posts: 8,395member
    Quote:

    Originally posted by SDW2001

    Please, no BS political rhetoric here.



    I think that not just tax cuts, but total tax reform is needed. I'm in favor of the tax cuts the admin proposes, though I think they could go further.



    But other than that, what is left? Interest rates are extremely low. Credit is widely available. The money supply is fine. Energy prices are going down.



    Thoughts? What else can be done?




    Hardcore porn. Oh whoops...wrong stimulate.



    *trudges back to his cave*
  • Reply 17 of 41
    sdw2001sdw2001 Posts: 17,044member
    Quote:

    Originally posted by Towel

    Tax Cuts For the Rich(tm)!



    Coveniently, Tax Cuts For the Rich(tm)! not only cures recessions, but also booms, bubbles, stagnation, stagflation, inflation, deflation and every other economic malady and malapropism! All while it polishes your lawn, educates your kids, mows your car, cures cancer, ends poverty and hunger, protects Gotham City from the Joker, solves global warming, makes every Saturday warm and sunny, and promotes a golden age for all mankind! Tax Cuts For the Rich(tm)!



    Best Doonesbury ever.




    Well, here comes the political stuff. Oh well.



    What people fail to understand is that the IRS definition of "rich" includes people that make 92,000 a year...even for combined incomes. You may think that's a lot of money, but in the real world of mortgages and property taxes and braces and car insurance and home improvements and college saving, it may not go all that far.



    "Tax Cuts for the Rich" is just class warfare political bullshit spewed forth by the Democratic party. First, class warfare doesn't work as a political strategy. Middle Class Americans simply don't hate rich people. They want to BE rich, actually. Second, there is no question that the "rich" pay most of the taxes in the country. Who's going to to get the tax relief, those who DON'T pay taxes?



    Look, without getting a whole big thing here, the best way the government can stimluate the economy is by taking and spending less of our money. This country has become a welfare state, and is getting worse every day in that regard. Republicans are almost as much as fault as democrats. People should provide for themselves. The only ones we should take care of are the ones that absolutely CANNOT do it themselves for medical or mental health reasons. THAT'S what our founding fathers envisioned.
  • Reply 18 of 41
    Quote:

    Originally posted by Scott

    I think the best one will be the last one.



    that's because you have no sense of humor scott.
  • Reply 19 of 41
    bungebunge Posts: 7,329member
    Quote:

    Originally posted by SDW2001

    Who's going to to get the tax relief, those who DON'T pay taxes?



    No one believes that the rich pay ZERO dollars in taxes. Don't make up straw men.
  • Reply 20 of 41
    groveratgroverat Posts: 10,872member
    Stimulate the economy by public hanging for robber barons.
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