Skip to main content

What are we bailing out?

Ok, just to add my voice to this, what are we bailing out? The news stories are getting filled with lots of weird things added to this bailout package. I'm thinking we've got 100 billion worth of bailout, and the rest is fluff. This is time for a short to medium (3months-3years) government intervention. This is not the opportunity to go so far into debt as a nation that we'll never get out. Unless we already are.

On that note, I'm all for tax cuts. Believe me. Once upon a time, Ray Stevens sang a song "If 10 percent is good enough for Jesus, it ought to be enough for Uncle Sam." I'm with Ray. Want to give the poor a break? Sure, exempt the first $40,000 from it. Then, everybody pays 10%, all income. No deductions, no exclusions. Make less than 40k? No taxes, no tax refunds. Period.
What would this mean? I'm not an economic expert, so I don't know if that's enough income for all the Federal government does. It's enough for all they should do. Let the States handle the rest.

Back on task, why the rail on tax cuts? If you don't pay any taxes, you don't need a tax cut!!!! I, for example, am at an income/kid combination that I pay no income tax, thanks to the various tax cuts and quirks of tax law. And I can't imagine how much less I would pay if I had an accountant/tax attorney to help me find more loopholes. So, much as I might love the $1000 refundable credit/tax cut in the stimulus package, wouldn't it make more sense to actually cut somebody else's taxes? Like the folks in church who are trying to put kids through college, but couldn't get need-based aid, not because of income, but because of assets, since they don't have a mortgage, but do have a house? Not a lot of income, not too little, but a little tough to pay for 2 kids in school? Maybe they could take that $1000? How about some retirees who have paid taxes for a long time? Maybe so?

Anyway, I don't think all this government intervention is good. I am also not an economic expert, but the 'economic experts' that are crafting these bailout plans are some of the same leadership folks that got us into it? Including our new Treasury Secretary, who couldn't even figure out the Income Tax code?

Comments

Popular posts from this blog

Book Review: The Heart Mender by @andyandrews (Andy Andrews)

The Heart Mender: A Story of Second ChancesEver read a book that you just kind of wish is true?  That's my take on The Heart Mender by Andy Andrews.  It's a charming story of love and forgiveness, and it's woven into the historical setting of World War II America.  For the narrative alone, the book is worth the read, but the message it contains is well worth absorbing as well.However, let's drop back a minute.  This book was originally published under the title Island of Saints.  I read Island of Saints and enjoyed it greatly.  Now, Andrews has released it under a new title, with a few minor changes.  All of this is explained in the Author's Note at the beginning, but should be noted for purchaser's sake.  If you read Island of Saints, you're rereading when you read The Heart Mender.  Now, go ahead and reread it.  It will not hurt you one bit.Overall, the story is well-paced.  There are points where I'd like more detail, both in the history and the geog…

Curiosity and the Faithlife Study Bible

Good morning! Today I want to take a look at the NIV Faithlife Study Bible. Rather than spend the whole post on this particular Study Bible, I’m going to hit a couple of highlights and then draw you through a few questions that I think this format helps with.



First, the basics of the NIV Faithlife Study Bible (NIVFSB, please): the translation is the 2011 New International Version from Biblica. I’m not the biggest fan of that translation, but that’s for another day. It is a translation rather than a paraphrase, which is important for studying the Bible. Next, the NIVFSB is printed in color. Why does that matter? This version developed with Logos Bible Software’s technology and much of the “study” matter is transitioning from screen to typeface. The graphics, maps, timelines, and more work best with color. Finally, you’ve got the typical “below-the-line” running notes on the text. Most of these are explanations of context or highlights of parallels, drawing out the facts that we miss by …

Foolishness: 1 Corinthians 1

In Summary: 1 Corinthians opens with the standard greeting of a letter from the Apostle Paul. He tells who he is with (Sosthenes) and who he is writing to. In this case, that is the “church of God that is in Corinth.” He further specifies that this church is made up of those who are sanctified in Christ Jesus and called to be saints. 
He then expresses the blessing/greeting of “grace and peace” from God. From there, Paul reflects on his initial involvement with the Corinthian people and the beginning of the church. After that, though, there are problems to deal with and Paul is not hesitant to address them. He begins by addressing the division within the church. Apparently, the church had split into factions, some of which were drawn to various personalities who had led the church in times past. There is no firm evidence, or even a suggestion, that Paul, Cephas, Apollos, or anyone else had asked for a faction in their name. Further, the “I follow Christ” faction may not have been any le…