How Would You Spend YOUR Money?

Let's consider for a second the sheer size of the Debt Stimulus Bill, which purports to "stimulate the economy." At current, it is $939 Billion as compared with expected tax revenue of $2.7 Trillion which has already been appropriated for spending, and it doubles the amount we have already added to the deficit in 2009, in two quarters, each of which would have been a record deficit.

When one considers that the Debt Stimulus Bill would spend 1/3rd of all tax revenues and that only 1/2 of tax revenues are actually apparent on our pay stubs, we can more accurately identify what this means to your finances by looking at your 2008 W2.

This bill is nearly equal with ALL Social Security tax revenue, 1/2 of which is seen on your paystub. If you look at your paystub, double the amount withheld, that is your portion of the Debt Stimulus Bill.

It is also equivalent to more than 75% of all Federal Income Withholding taxes. Look at your paystub and imagine what you could do with that amount of money in your wallet. That is how much debt, Representative Gordon is voting to add to your bill.

Now, if you are going to go into debt by that much, do you want that money spent on dogparks, condoms, AmTrak, and a new power plant for Consolidated Edison in Illinois, or would you spend it on something that would be more beneficial to you.

And if 145 Million Americans had that much more money in their wallets to spend on what mattered most to them. That would certainly stimulate the economy and ease their financial woes. The US Congress has the power to put that money in your wallet by the end of the month. The US Congress could simply reduce all Federal payroll taxes by 75%, costing less money to the Federal Government while more positively effecting your bottom line and not paying all the bureacratic middlemen in the process.

If, on the other hand, they wished to collect the money and then redistribute it to you after paying those middlemen, look back at the W2, and imagine a check for 1/3rd of what you paid in last year, rather than 75% of it. Regardless of whether Congress spends your money on Condoms, Dog Parks, Bureaucrats, or simply doesn't collect if from you, it will cost you the same amount in debt, but it costs more for the monolithic monopoly to process that money than to "allow" you to keep it in the first place.

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