Ultimately Republicans want the tax payers to stimulate the economy, not the tax hungry Democrats.

Of course, I’d like to see massive cuts in governmental spending and a pathway towards returning the United States to fiscal responsibility. Even if you are a democrat, surely you can realize that Clinton was, by most accounts, a pretty decent president, and his rate of spending was vastly smaller than either Bush II’s presidency or Obama’s projected spending habits.

However, if we are going to print money, I’d rather see it make its way back into the hands of the people rather than simply be blown on a huge barrel of pork. When one estimates sales taxes, income taxes, state taxes, local taxes, capital gains taxes, etc, the average American looses 52% of their income in taxes. That includes poor and middle class Americans which, despite popular Republican rhetoric, do pay a significant amount of taxes.

52%; a tax holiday would essentially double wages and profits in the United States. The growth would be staggering. Mortgages could be paid, debt levels could be drawn down (thus rejuvenating the credit system, which is a major source of the downturn), and purchases in the service sector (and by extension, manufacturing) would skyrocket by people with such a significant increase in revenues.

With 812 billion dollars, that would give Americans a roughly 4 to 5 month tax holiday. The benefits would be immediate, as opposed to the current stimulus package which isn’t slated to start taking effect for almost a year.

It is a huge amount of debt, and the risk of hyperinflation is probably the darkest cloud on the horizon of American (and by extension, the World) economics. Paying down the national debt should be a top priority of Barack Obama, as the amount of circulating currency has essentially hockey-sticked starting from around the 1990s and exploding in 2008 when the Bush administration started pumping massive amounts of cash into the economy. I unfortunately haven’t seen much evidence that Barack Obama is even aware that the national debt is so severe, but I would imagine with a recovering economy, he could focus his attention on this most pressing issue.

Our state is already in a hiring freeze and THAT already hurts.

This way those who made the money can invest the money with a positive multiplier affect.

The best “bailout” is H.R. 25 the FairTax act, replace income and payroll taxes with a national sales tax.

That way WE get to use OUR money BEFORE gov’t gets it.
WE get to choose how to boost the economy instead of congress picking winners and losers based on their campaign donations.