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Letter Re: The US Tax Giveaway Economic Stimulus Charade
Mr. Rawles,
On June 27, 2008 the following Associated Press headline was on Yahoo Finance:
After-tax incomes and
spending show big gains. "The millions of economic stimulus payments
gave a massive jolt to household finanances (sic) in May, sending after-tax
incomes up by the largest amount
in 33 years."
Q: Does borrowing money from the next two generations, while saddling our grandkids
with principal and interest repayment obligations to foreign countries really
now count as "after tax income"?
A: Not to regular SurvivalBlog readers.
Regards, - Kevin A.
JWR Replies: Those with the Big Government mindset would
answer: "Oh, but we just owe
it to ourselves!" Or as J. Wellington Wimpy, from the Popeye comic
strip
would say: ""I'd gladly pay you Tuesday for a hamburger today!"
FWIW, I'm planning to spend my IRS "stimulus" check
on some more full capacity magazines
(aka "high capacity" in the liberal lexicon) and some .45 ACP ammunition,
while they are still somewhat affordable.
