Fri
Feb 13 2009
12:14 pm
By: R. Neal
RELATED: Summary of tax cuts.
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Discussing:
- President remarks about sedition and treason, but... (2 replies)
- Affordability, aspiration, rise up (1 reply)
- Tech data centers using up water (1 reply)
- WOW 19+ years (2 replies)
- Twas the Month Before Christmas (2 replies)
- Swastika, noose downgraded to "potentially divisive"?!?!? (1 reply)
- Can we trust the FDA? (1 reply)
- Knox County Juvenile Detention Center troubles continue (1 reply)
- Terrible things are happening outside. (7 replies)
- City of Knoxville to host south waterfront development feedback meeting (3 replies)
- 50 Year Mortgage Part II (3 replies)
- Pause a moment, honor a Veteran (1 reply)
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- A friend sent this: From Captain McElwee's Tall Tales of Roane County (RoaneViews)
- The Meidas Touch (RoaneViews)
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- Lee's Fried Chicken in Alcoa closed (BlountViews)
- Alcoa, Hall Rd. Corridor Study meeting, July 30, 2024 (BlountViews)
- My choices in the August election (Left Wing Cracker)
- July 4, 2024 - aka The Twilight Zone (Joe Powell)
TN Politics
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- In a divided Tennessee, Dollywood – and Dolly – shows us who we could be (TN Lookout)
Knox TN Today
- Read City 2025: A year of curious minds! (Knox TN Today)
- The Book Whisperer: The Irish Goodbye (Knox TN Today)
- Ella Kate Vinson serves her community (Knox TN Today)
- Vols stun Houston with defense, free throws (Knox TN Today)
- Young Reader’s Shelf: National Book Awards announced (Knox TN Today)
- Terry Shaw, Howling Hills have low-cost gifts (Knox TN Today)
- HEADLINES: World news to local restaurants open on Thanksgiving (Knox TN Today)
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- Celebrate the holiday season in heart of Downtown Knoxville (Knox TN Today)
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- Where to watch the Tennessee-Vanderbilt game (WATE)
- Girl Scouts deliver BarkBoxes to Knoxville shelter dogs (WATE)
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- Chattanoogans prep for another record-breaking week of Thanksgiving travel - Chattanooga Times Free Press (Times Free Press)
- Greeson: Signal Mountain athlete goes from newbie to SEC signee to potential Olympian - Chattanooga Times Free Press (Times Free Press)
- Happy Thanksgiving - Chattanooga Times Free Press (Times Free Press)
- 18-year-old charged in Saturday incident at Hamilton Place - Chattanooga Times Free Press (Times Free Press)
Wire Reports
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- Georgia prosecutor ends 2020 election interference case against Trump, allies - The Washington Post (US News)
- Leaked Transcript of Witkoff Call Shows U.S. Deference to Russia - The New York Times (US News)
- Colorado doesn’t plan to transfer imprisoned former county clerk to federal custody - AP News (US News)
- NC Republicans score win in redistricting lawsuit over 2026 congressional map - WRAL (US News)
- Trump Orders 500 More National Guard Members to D.C. After Shooting - The New York Times (US News)
- Stock Market Today: Dow Rises; Nasdaq Leads Gains — Live Updates - The Wall Street Journal (Business)
- How Trump targeting these Democrats could backfire - Politico (US News)
- As Trade Talks Stall, Carney Moves to Shield Canada from Trump Tariffs - The New York Times (Business)
- Campbell's fires executive accused of making racist remarks - NBC News (Business)
- Death row inmate Ralph Menzies dies of natural causes - KSL.com (US News)
- Black Friday 2025: Live updates from Amazon, Dyson, Samsung, Best Buy - Mashable (Business)
- Why voters may not buy Trump's messaging on food prices - Politico (Business)
- Americans Brace for Thanksgiving Travel Rush in Test of Airspace - Bloomberg.com (Business)
- Nvidia Stock Rebounds. Why Google’s AI Chips Shouldn’t Worry Investors. - Barron's (Business)
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Lost Medicaid Funding
To date, the failure to expand Medicaid/TennCare has cost the State of Tennessee ? in lost federal funding. (Source)
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What is $800 billion?
Divided by the number of taxpayers (138 million) it comes to $5,797 per taxpayer.
Divided by the population of the US (305 million) it comes to $2,623 per person.
Not a lot of money ..
Chump change but the $800
Chump change but the $800 billion does not include the TARP fund which has increased to 2 trillion. Wasn't it fiscal irresponsibility that got us into this mess and do we really think more of the same will get us out; regardless of which side of the political isle you are on?
Wasn't it fiscal
Wasn't it fiscal irresponsibility that got us into this mess
No, it was market irresponsibility.
...and who forced the
...and who forced the financial (Freddy & Fanny) community into relaxed lending policies...???...that's right; the United States congress & Company. They are just as irresponsible as the home buyer that knew they could not afford that house if their interest rate went up. There are plenty of parties to point the finger at; my point is stupid spending got us into this mess and more stupid spending will not get us out.
Your point is incorrect.
Your point is incorrect. Congress did not force the financial community into relaxed lending; an unregulated market in "securitized" credit bonds created an opportunity for unscrupulous lenders to make a quick profit by reselling crap loans and offloading the risk to unsuspecting buyers. Unlike normal insurance, where the insurer must prove they have capital resources to back the risk, the securitization of these bonds was backed by paper assets which vanished as quickly as the debt payments they were allegedly insuring. This was a failure of a market allowed to operate without Congressional oversight.
YES…absolutely…!!!...the
YES…absolutely…!!!...the unregulated market…BINGO! And were the markets always unregulated? NO…and who is responsible for regulation? Might that be the same group whose slack oversight allowed Bernie Madoff’s ponzi scheme to bilk investors out of $50 Billion? The same group whose slack maintenance teams to allow the fly ash dam to break? The same folks who have your phone and mine tapped? As I said there are plenty of entities to point the finger at; it boils down to who can get away with what and congress is as guilty as anyone if not more so. Just remember the Washington DC power shift happens every two years so what will the republicans do with a larger government when they retake the driver’s seat?
Screw it up worse than they have over the last 8 years?
(if that's even possible...)
25 people to blame for economy crisis
from Time
(link...)
Wasn't It
Market irresponsibility had nothing to do with it. Congress force banks to make bad mortgage loans and the Fed forced interest rates lower than what the market could tolerate. Now those same people who caused the problem claim to have the solution.
stimulus
stimulus=stupid is as stupid does. great politics, lousy economics. i think having a democratically controlled WH and congress will be as much, if not more, of a disaster as having a republican controlled WH and congress proved to be. both parties are mortally corrupted and controlled by lunatic fringes on the left and right. both parties would also happily conspire to kill any chance of a valid third alternative. in the end we voted the morons in so have no one to blame other then ourselves. we have enough folks now strung out on government candy to ensure no changes occur and their voting can be easily manipulated and predicted.
No, you morons voted them
No, you morons voted them in. Not the rest of us.
So, let me get this
So, let me get this straight, I have to pay 5797 dollars because people were irresponsible and had kids they couldn't afford? They didn't get an education so they could get a job that had benefits? I have had medical benefits in every job I have ever had even straight out of high school. BECAUSE I took classes in high school that would help me in the real world and I finished high school. I even went to college and payed for it all by myself by working 3 jobs.
What ever happened to only spending what you made? That is what is wrong with our politicians, It's not there money, so they don't care. It's like when you have a renter, it's not their house so they don't care to take care of it. where is this money coming from if there is no money? We are in debt to our eyeballs and they just keep spending!
So much for the middle class seeing some help. We just pay all the bills. It';s time to tighten our belts and stop spending. How about taking that 800 million and just paying off the houses for those people who got caught in that mortgage idiocy. They spent more than they could afford too. Adjustable mortgage by A@#. Who would be dumb enough to say okay sure I will allow you to raise my mortgage to whatever you want just so I can get a low rate to get into the house. Idiots.
stimulus
It is truly a sad day in America, or I mean a sad day for my children in America.
Not a lot of money, MK? I am
Not a lot of money, MK? I am a taxpayer. How about sending me $5,797? I'll put it into the economy by the end of the week.
Some pretty encouraging
Some pretty encouraging stimulus news for rail. Maybe Georgia will look at the Chattanooga->Atlanta connection.
Tennessee made a rail plan a few years ago. Maybe we can dust it off. Either Nashville/Chattanooga, Knoxville/Nooga or Nashville/Knoxville would be a good start.
CNN article...
(link...)
I saw somewhere that a
I saw somewhere that a Georgia Senate committee just recently (yesterday?) advanced the Chattanooga high-speed rail line.
Some more rail
Some more rail assistance
National Railroad passenger corporation capital grants $850,000,000
National Railroad passenger corporation capital grants for security $450,000,000
Compelling evidence for rail investment
This Washington Monthly article is an excellent read regarding rail in the US. Worth the read. Some interesting information on I-81.
From the print version of the article...
"A recent study suggests $250 to $500 billion invested in electrified rail infrastructure would get 83 percent of long-haul trucks off the road, reduce greenhouse emissions by 39 percent, and grow the economy by 10 percent"
The article...
(link...)
What Can Low to Middle Class Tax Payers Get with $13/Week Tax Cu
A LOT! According to the economic stimulus plan, an individual will get a $400 tax credit, which is an extra $13 a week per paycheck, starting in June. I am ecstatic at the prospect of $52 extra a month in my paycheck. For married people, that amounts to an extra $104 in the household. For those who have experienced struggling from paycheck to paycheck, this extra money can help pay a couple of monthly bills. This is better than a pay raise in some jobs. What’s even better, how can it not stimulate the economy if tax payers are using it to buy necessary items or to treat their families to a night at the movies or out to eat? Way to go President Obama and Congress.
What can $52 a month get you? Take your pick:
Gas money
Lunch money
Bus or taxi fare
$15 copayment for an office visit, $25 copayment for a specialist, and $10 generic prescription
$50 copayment for an ER visit
Cable bill
Phone bill
10 gallons of milk or 17 loaves of bread
1 winter coat
Dinner for two
1 pair of prescription eyeglasses
2 to 3 pairs of quality denim jeans
2 good pair of shoes
5 pullover shirts
8 packs of socks
8 packs of underwear
Internet bill
5 3-lb bags quick frozen chicken breasts
18 lbs ground turkey
Oil change
3 movie tickets, 2 large popcorns, 2 large drinks
5 hair cuts or 1 relaxer
1 printer ink cartridge or other office supplies
100 packs of notebook paper or other school supplies
4 music CDs or 2 DVDs
Point well made, Ceci.
Point well made, Ceci. Thanks!
Why don't you try putting it
Why don't you try putting it in the bank and making some interest off of it instead of letting it burn a hole in your pocket. No wonder you live paycheck to paycheck.
What's for me?. I am
What's for me?. I am disable, get a check every month, get food stamps. Apply for government housing, 2 years waiting list. I probably be dead by then. I am also a veteran. I read to some of the stimulus, I couldn't find anything that applies to me personaly. As far as I am concerned is good on papers for me.
Right you are - And I thank
Right you are - And I thank you for your service to help preserve our freedom so the idiots in Washington can do what they do and cheat you out of more health care, better housing and some spending money. I would be happy to give you, our veterans. who have sacrificed so much that $13 a week where it could make a difference, hell, you should get my neighbors too.
Just off the top of my head
Just off the top of my head without checking, if you are on food stamps I believe you will get an increased allowance. If you are on SSI disability, I seem to recall that you are supposed to get a one time $250 additional payment. I think there is increased funding for government housing, which may or may not help in your case. The VA is getting some increased and long overdue funding, which may or may not ultimately benefit you.
Why don't they just give us
Why don't they just give us back our 5797 and keep their 400. Sounds like a much better deal.
What's with the troll outbreak?
Can someone inject a shot of penicillin into this thread?
789 billion for the bill, 28
789 billion for the bill, 28 billion for construction projects and you liberals call that job creation. Are you everyone that damn stupid?
Are you everyone that damn
Um.... if you're going to call people out for being stupid, at a bare minimum, you might want to try being literate. I mean, if you want to be taken seriously.
____________________________
Dirty deeds done dirt cheap! Special holidays, Sundays and rates!
Happy now?
789 billion for the bill, 28 billion for construction projects and you liberals call that job creation.
You're right. There should be more construction projects.
I'm still confused about
I'm still confused about where all the federal money goes when it gets spent? People work for free burning it or something?
WVLT-TV displayed an
WVLT-TV displayed an interesting banner this evening while reporting the signing ceremony:
Apparently East Tennesseeans' mouthpieces in Congress didn't know we were hopeful.
Visit us at
The Home
Apparently East
Tennessee is a federal taxes/spending surplus state, meaning that for every $1 we give in federal taxes, the feds spend about $1.23 here (last time I checked).
I hope our representatives realize that a Republican president is no longer in the White House, and those federal dollars might not keep flowing into Oak Ridge (Nanoscience and the Spallation Neutron Center to name two) like it has recently.
Maybe Congressmen Wamp and Duncan think all those scientists can't be relocated, or at least, that's what they'd better be praying.
Meanwhile our middle-class
Meanwhile our middle-class families are looking for more than empty promises. They want to go back to work. And they want our Democratic Party representatives who run Washington to stop pursuing a big government, big spending agenda that includes a government takeover of health care, stimulus bills, a new national energy tax and taxpayer-funded bailouts.
Looking back, most voters still consider the bailouts of both the finance and auto industries to be a bad idea. By a 2-to-1 margin, voters believe the bailouts hurt the economy in the long run.
In spite of everything our Democratic Party representatives in Washington will borrow $1.6 trillion this year, or about $15,000 for every household in the country. Over the next 10 years our federal government is expected to borrow an additional $8.5 trillion, and this is on top of the 12 trillion we currently owe. These figures are beyond being enormous, especially since we already pay one in seven dollars in interest.
Eric Pearson, Democratic Party candidate for US Congress in the 5th district, Tennessee.
Site: (link...)
Anderson County looks to be
Anderson County projects look to be getting ~$820 million in stimulus money...
(link...)