This is a good one, Neil smokes em..
IS THERE A BETTER IDEA? YOU BET!
By Neal Boortz @ January 9, 2009 9:16 AM Permalink | Comments (16) | TrackBacks (0)
So we now have the benefit of PEBO's* general position on a plan to stimulate our economy. Government shall be our savior. We shall not want. More specifically, government spending. About $800 billion (probably more) will be created out of thin air and then spent by politicians and their cronies in an effort to get our economy moving. PEBO has decided that our economy can be stimulated by purchasing computers for teachers and building windmills.
Obama's stimulus plan is very little more than a plan to enhance and solidify the power of the Imperial Federal Government over our economy at the expense of the private sector and free markets.
Is there a better idea out there? You bet there is, and it came from the 1st Congressional District of Texas. We've talked about this great idea several times on the show ... and after Obama's speech its time to bring it up again.
Texas Congressmen Louie Gohmert notes that the federal government collects about $100 billion in income taxes every month, plus another $60 billion in Social Security and Medicare taxes. If those of you who are government educated have a calculator handy, you'll see that this adds up to about $160 billion a month. Now if you divide Obama's proposed $800 billion stimulus plan by $160 billion, you'll come up with five. This means that our government will collect $800 billion in income and payroll taxes from February through June of 2009.
So, Gohmert asks, instead of bureaucrats and politicians deciding how all of this money is going to be spent, why not let the people who actually worked for this cash make their own independent spending decisions for this money. How would you do that? Simple: declare a five-month tax holiday. From February through June everybody keeps their paycheck. No income tax withholding ... no payroll taxes. No income or payroll taxes owed. What will the people do with this money? What, are you crazy? They'll spend it, that's what. And they'll spend it on the stuff that they want! Not the stuff Obama promised during his campaign. Talk about stimulating the economy!
Let's just wrap this up with a handy little chart. Politicians just love charts.
http://boortz.com/nealz_nuze/2009/01...a-you-bet.html