Letter Re: The US Tax Giveaway Economic Stimulus Charade

Mr. Rawles,
On June 27, 2008 the following Associated Press headline was on Yahoo Finance: After-tax incomes and spending show big gains. “The millions of economic stimulus payments gave a massive jolt to household finanances (sic) in May, sending after-tax incomes up by the largest amount in 33 years.”

Q: Does borrowing money from the next two generations, while saddling our grandkids with principal and interest repayment obligations to foreign countries really now count as “after tax income”?

A: Not to regular SurvivalBlog readers.

Regards, – Kevin A.

JWR Replies: Those with the Big Government mindset would answer: “Oh, but we just owe it to ourselves!” Or as J. Wellington Wimpy, from the Popeye comic strip would say: “”I’d gladly pay you Tuesday for a hamburger today!”

FWIW, I’m planning to spend my IRS “stimulus” check on some more full capacity magazines (aka “high capacity” in the liberal lexicon) and some .45 ACP ammunition, while they are still somewhat affordable.