Congress just sent a bill on to Bush to spend $170 billion (yes, billion) to “stimulate the economy” by sending us tax rebates.
I’m all for more money in my pocket, but we’ve already got a deficit of over $9 trillion! How about we do something intelligent, like revamping the tax system or cutting pork barrel spending? Cripes.
Before anyone tells me there’s nothing wrong with the tax system, let me lay out an illustration. In the 2006 tax year, the feds refunding every penny I gave them. For the 2007 tax year, they only kept a couple hundred bucks. How does this make any sense?
If I get a $1200 check like the article suggests, the government is giving me free money, which is actually a loan we’re going to have to pay for later. They may as well be saying “Well, the economy sucks, here’s a free 42″, high-def Vizio for everybody! But don’t worry, you’ll pay it all back when the next administration raises taxes to fix the mess we made.”