Friday, January 9, 2009
Getting Back to Work
It will be hard to get people back to work following the plan of Obama. People will not get back to work very fast on building infrastructure because it takes months and maybe several years to design new bridges, schools, highways, etc. It could take months for the government gives a tax rebate. It takes time to get the checks printed and mailed out. A huge tax break would get money into the hands of the people in the next pay period starting the day that the tax break was authorized. If there were no income taxes withheld for one, two, or three days or even for one pay check, people would start buying, and more would have to go to work to provide the products being purchased. Let the consumer spend the money on what he/she wants instead of the government spending the money on what the government wants. That or course, would require the borrowing of a lot of money.
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