Wednesday, February 11, 2009

Stimulus Bickering

We are in the unfortunate position of having to blindly trust what our new leader is telling us - that we need to allow the government to spend our money. ~800 billion dollars of our money that is, and that's before interest. In order to save the economy Obama & company are asking that the stimulus be spent on various non-profit projects such as updating schools, implementing green energy buildings, and constructing and improving roads and bridges. This will create jobs and get the wheels of the economy spinning—sounds reasonable enough. But the argument against the stimulus is viable as well; it's unproven, untested, and uncertain. On the other hand it is to be expected because this is the first time this nation has ever faced circumstances such as these. So let's see what the opponents of this option have come up with. After all they've had a few months to at least make their theories known to the public.

The first option is to use the money to cut taxes. This was one the Bush administration implemented when the situation wasn't as perilous in January of 2008 costing us roughly $146 billion. The stimulus in the form of a tax cut came about when the economy was slipping and I, as well as many Americans were broke. Shockingly enough the six hundred dollars did not exactly prompt me, and my compatriots to hop off our couches and head for the mall. If we spend the stimulus on tax breaks alone, a large portion of that money will vanish into diminished accounts for safekeeping and will do little to bolster any growth. Due to the seriousness of the situation, which is evidenced by the fact that we lost over half a million jobs last month and companies are going bankrupt at an accelerated rate, we cannot afford to let money go stale.

The second alternative option being suggested is doing nothing. Literally, that is one of the options that has been put forward by those opposed to the stimulus. I'm actually an avid user of this method so I'll use myself as the case study. I've tried it for getting in shape, I've tried it for getting a job, I've tried it for getting rich, I've tried it for cleaning up my apartment, and I've tried it for reading War and Peace. Now let's look at the results: I'm still broke, my apartment is a dump, I can't run a mile without coughing up a lung, I'm unemployed, and have never read a page of Tolstoy.

So to recap: Our options are three fold:

#1 An intelligent but questionable something
#2 Nothing
#3 And something that clearly won't work but has to be said because there can be no party where a certain party doesn't use the words ' tax breaks'

In conclusion:
for you #3 supporters - broken records don't spin
for you #2 supporters - I find your laziness becoming, but come take a nap with me and let the rich men work
for you #1 supporters - you've accepted it sometimes a Bud Light is the only thing that's on tap. Now buy your tables' next round

And if you're off the charts, especially if you're a politician, then clue us all in because those are the only options being reported.

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