Bush’s Economic Stimulus Plan

Economic Stimulus Plan

Bush’s stimulus plan includes tax rebate of $300-$1200 for most households. The IRS estimates that more than 130 million Americans will benefit from this plan.

While I applaud the government giving us back our money, we will need to pay it back later as it will add another $150 billion dollars to our national debt. It would be better if the plan included cuts to the budget to compensate for this, instead of further increasing the size of the budget.

However, the goal of the plan is not to reduce the size of government and to give us back our money, it’s to stimulate the national economy.  It is their hope that people will take the money and run out and buy a bunch of stuff they wouldn’t usually buy. However, I believe that the economy will most likely be improving by the time the money is dispersed like the last time the government gave a tax rebate so it won’t really matter anymore by the time it comes, but I’m sure they will take credit for it.

If the government really wanted to make a difference that would stimulate the economy for the long term, they should make it easier for people to participate in the economy…

1. Lowering taxes such as the death tax, capital gains taxes, and income tax rates.

2. Remove trade barriers that prevent free trade with other nations.

Of course in order to lower taxes, the government should reduce spending so that taxes don’t need to be increased in the future on us or our children.

However, I don’t see this happening anytime soon with our current administration and I wouldn’t expect much from Obama, Clinton or McCain (one of which is most likely going to be our next president).

Personally, I plan on using the tax rebate to increase my investments, which will help provide capital to businesses who will use the money to invest in more products/services.

How do you plan on using your tax rebate?
(Feel free to use the comments to post what you plan to do with yours)

Ron Paul formally Announces Run for President

Ron Paul It’s official, Ron Paul is now running for president…

Segment from article on SmallGovTimes.com…

SOUTHERN ARIZONA (SGT NEWS) – Political maverick and Texas House member Ron Paul formally announced his candidacy for the president of the United States this morning during the “Washington Journal” call-in program on C-SPAN.

(click here for full story)


More information on Ron Paul:

Ron Paul for President 2008

Ron PaulThat’s right, Ron Paul recently started an exploratory committee for a 2008 presidential campaign.

Paul has represented Texas’s 14th congressional district in the U.S. House of Representatives since 1997, and had previously served as the representative from Texas’s 22nd district in 1976 and from 1979 to 1985.

Paul previously ran for president in 1998 as a Libertarian. After losing the race, he returned to congress as Republican, against the Republican party leadership’s wishes and has continued to serve since.

Ron Paul and the Libertarian Party

Ron Paul joined the Libertarian Party in 1987 as a lifetime member. Even though he has served in congress as a Republican he has been on good terms with the Libertarian Party. He has spoken at numerous Libertarian events and has many Libertarian supporters. He has been seen as our only hope in congress. Unlike most polititians, Paul received the majority of his campaing contributions (92.5% in 2004 and 96.8% in 2006) from indivdiduals.

Ron Paul’s Views

Paul is for a limited governemnt, libertarian philosophy. Paul often votes against proposals for increased government spending, intiatives or taxes. His often dissents in otherwise unanimous votes have irrited many of his fellow Republicans, which has earned him the nickname “Dr. No” (an example being his dissenting vote in the No Child Left Behind Act where he was one of three Representatives voting against it.

Paul also advocates a strict non-interventionist foreign policy. He voted against the Iraq war. He voted against the Patriot Act both times and is very opposed to the military draft. He endorsed American withdrawal from the United Nations.

Paul opposes nearly all government intervention in the market. He supports the abolition of the income tax, most Cabinet departments and the Federal Reserve. He also endorses defederalization of the healthcare system. Paul’s campaign slogan for 2004 was “The Taxpayers’ Best Friend!”.

The following is a segment from what movie maker Aaron Russo had to say recently about Ron Paul…

You may have heard that the Honorable Congressman Ron Paul is exploring running for the Republican nomination in 2008. Congressman Paul will be the only uncompromising defender of the Constitution in the race. I can’t tell you how grateful I felt, how full of heartfelt joy, and how much enthusiasm I felt when I heard the news of his Candidacy. I am 1000% behind him! Ron Paul has stepped up to the plate because he knows what we all know: the noose is tightening, and there isn’t much time if we hope to restore to Constitutional Government.

I called Ron yesterday to tell him I am on board to do ANYTHING it takes to support his campaign. NOW is the time for the ENTIRE Freedom Movement, all Third Parties, ALL GOOD AMERICANS EVERYWHERE, from all political stripes and persuasions, to unite to overtake the weakened Republican Party. Stand firmly behind Ron Paul, and work to restore our Constitutional Republic.

Aaron Russo adds, “Please be sure visit http://www.freedomtofascism.com and sign up as a volunteer to support this effort. Also, please share this video link concerning my comments about the 9/11 fraud – ie. http://www.youtube.com/watch?v=okLrWV6ObwI. In the past 2 1/2 months we have had over 1 million views of American: Freedom To Fascism on Google Video. The movie has received the highest possible rating of 5 Stars from the viewing audience. This is an incredible testement to the American public’s appetite to learn about freedom. Please keep spreading the word of freedom by sending this email around the world. Here’s the link to the movie on Google Video:

More information on Ron Paul:

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