Monday, February 16, 2009

What kind of Change? Well, now we know...

For the past two years, "Change you can believe in" was all over the news, in the paper, all over the Internet, and even plastered on Bumper Stickers and T-Shirts. Every political pundit, every blogger, and even every News Anchor had their own opinion of what "Change" meant. I have waited, and wondered, concerned about what the "Change" would look like.
Well, now I know.
It looks like this:

Apparently, the new $790,000,000,000.00 "Stimulus" bill includes a "Making Work Pay" credit for everyone who gets a paycheck. Sounds great, after all- the more money you have in your paycheck, the more money you have to spend. Maybe the brilliant politicians who cobbled this bill together were actually paying attention to fiscal policy, and figured out that the American People could bring the economy back to life if they were allowed to keep their money, rather than having the government spend it for them. Or.... Maybe not.

The average American couple can expect about an additional $13.00 per week, thanks to this bill. That works out to $2.60 a day, or approximately 32 cents per hour (assuming you work a 40 hr week). So, now we know what kind of Change this administration believes in for the American people. It's not the kind of Change that uplifts, it's the kind that jingles.



(Don't believe it? Read the bill for yourself... it's ugly.)

http://appropriations.house.gov/pdf/Recovery_Bill_Div_B.pdf

‘‘SEC. 36A. MAKING WORK PAY CREDIT. 8
‘‘(a) ALLOWANCE OF CREDIT.—In the case of an eli- 9
gible individual, there shall be allowed as a credit against 10
O:\ERN\ERN09560.LC
7
S.L.C.
the tax imposed by this subtitle for the taxable year an 1
amount equal to the lesser of— 2
‘‘(1) 6.2 percent of earned income of the tax- 3
payer, or 4
‘‘(2) $400 ($800 in the case of a joint return).

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