A real article which you can sink your teeth into; can you find the Rent-seeking here? The IRS is much too busy collecting last year’s taxes to send out the Giveaway checks. Only Taxpayers who file Tax Returns will get a Check, whether Withholding was applied or not (One must join the mess, to get paid for the mess). Earning less brings on discrimination, unless you had other Organizations earn the money for you; though non-filers are seldom pursued, let’s face it, expensive bureaucrats spend more than they collect. Reprogramming the computers will cost money, again one must spend money to make money. They try to assure that the alternative tax patch will not affect the Rebate patch, We wouldn’t want one Tax Giveaway to cause delays in other Tax Giveaways. There will be a Time lag, though, and one which will undoubtedly be very expensive for the Budget and Taxpayers.
It is reassuring that the projected slowdown has not yet affected the Military/Industrial complex, an excellent avenue for Government fuel to the economy. It is nice to know that revenues for equipment to supply deployed military forces is down (the F16), while revenues for the equipment not to come online (F35) is also down; it seems there must be less flights, or Servicemen are not using up their equipment sufficiently fast. The total appears to be that Sales are up, Product is actually decreased, but Prices are doing a jump. It looks to be typical of Government finance.
The rest of the World is angry at American Consumers for not Spending enough, though they are also angry at Us for using too many resources, and contracting bad debt. Did I forget that Americans pollute too much? We are responsible for Recession, bad Mortgages, the declining Dollar, the lack of American Exports, and We are not paying our Credit Card debt on time. It is obvious that Americans are the demons of the World, and We should take responsibility for Our behavior, though not by exercise of fiscal restraint. lgl
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