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 …