Politics
Out of context: Reply #9486
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- ukit0
Yeah I didn't get any tax cut (too rich apparently;)). But extra money in your paycheck obviously is a tax cut or tax credit or whatever you want to call it, $15-$30 x 26 weeks is about equal to the stimulus Bush sent out the year before the election. So there's your tax cut, kind of hard to make the argument that that's what Obama should have done when that is what he did.
In terms of the states, obviously CA's problems are unique, all I'm saying is a major part of that bill was money to state governments to prevent them going bankrupt, in the context of the collapse. If dozens of state governments can't pay their employees and provide services then obviously there is going to be a huge ripple effect from that in terms of the overall economy. Interesting how no alternative is offered to that from those criticizing. Anyway, read Frum's piece, he explains it better than I could.