'Tax rebate' checks expected to yield short-term benefits, long-term troubles
'Tax rebate' checks expected to yield short-term benefits, long-term troubles
Budget expert Stan Collender doesn't even like the "tax rebate" terminology used by Washington, since many of the poorer recipients will have paid no 2007 federal income tax or amounts less than their government check. The stimulus package, he says, is really "pure borrowing … just increasing the [federal] deficit." picked by DerAlt 6 months ago
tags Debt rebates taxes federal budget economy deficit
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 McCain: Cutting taxes more important than balanced budget
McCain: Cutting taxes more important than balanced budget
Republican John McCain said Sunday that cutting taxes and stimulating the economy are more important than balancing the budget, and accused both Hillary Rodham Clinton and Barack Obama of supporting tax hikes that would worsen the impact of a recession. picked by JDRucker 6 months ago
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 Federal defecit of $162 billion doesn't tell the whole story
Federal defecit of $162 billion doesn't tell the whole story
If they were forced to use the same accounting methods as everybody else the number would be more like $2.5 TRILLION!

Accounting magic at it's best. picked by tigertony 5 months ago
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63
 YAHOO: American households forced to budget
YAHOO: American households forced to budget
WTF?
The average American income is less than $40K...
People in that earnings range budget all the time.


Note:This article is submitted not for its content, but as an exhibit in itself. picked by fugazi 7 months ago
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47
 Congress Approves Stimulus Package
Congress Approves Stimulus Package
Which means up to $600 for me, you, and pretty much everyone else who is paying taxes in America. I think its an absurd idea but you sure as hell don't see me complaining.

Update to this post. picked by mahler87 8 months ago
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91
 Homeowner Equity Is Lowest Since 1945, Dipping Below 50 Percent, the Lowest on Record
Homeowner Equity Is Lowest Since 1945, Dipping Below 50 Percent, the Lowest on Record
Americans' percentage of equity in their homes fell below 50 percent for the first time on record since 1945, the Federal Reserve said Thursday. That marks the first time homeowners' debt on their houses exceeds their equity since the Fed started tracking the data in 1945. picked by 2longdogs 7 months ago
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115
About Plime
Plime is an editable wiki community where users can add and edit weird and interesting links. Users earn karma when other users vote on their actions. The more karma you have, the more power you have at Plime.
 Ben and Jerry's American Pie Game
Ben and Jerry's American Pie Game
Not THAT American Pie. This game is an educational tool to show how every taxpayer's dollar actually gets divided up by the federal government.

51% of discretionary spending goes to national defense???
Compared with 4% to veterans benefits and services??? picked by mahler87 8 months ago
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129
 Debt Slavery: Why Are Americans So Willing to Dig Themselves Deep into Debt
Debt Slavery: Why Are Americans So Willing to Dig Themselves Deep into Debt
Just two generations ago, America was a nation of mostly thrifty people living within their means, even setting money aside for unforeseen expenses.

Today, Americans carry $2.56 trillion in consumer debt, up 22 percent since 2000 alone, according to the Federal Reserve Board. The average household’s credit card debt is $8,565, up almost 15 percent from 2000. picked by BWallaby 3 months ago
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78
 Ever wanted to spend $3 trillion?
Ever wanted to spend $3 trillion?
Before you criticize the presidential candidates' budget priorities, see how YOURS would affect the country by playing this Budget Hero! game. Good luck... and don't forget about the little people. picked by meggysue 1 month ago
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227
 Federal Goverment Wastes More Money (Again)
Federal Goverment Wastes More Money (Again)
"Federal employees charged millions of dollars for Internet dating, tailor-made suits, lingerie, lavish dinners and other questionable expenses to their government credit cards over a 15-month period, congressional auditors say." picked by gammerus 6 months ago
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