Your 2009 Stimulus Credit Card Charge - $7,064.20

Give me 5 minutes and I can prove your 2009 Stimulus credit charge will be just over $7000.

I'm an Independent and voted for President Obama.  I'm also glad there's enough Republicans in Congress to make democracy work in Washington,  D.C.  This 2009 Stimulus bill is a nasty business.

Do you know how much the Stimulus will cost you personally?  Your personal credit card with the federal government?

Today, the L.A. Times says that the Stimulus compromise is estimated at 789 billion dollars.

There just over 300 million Americans of which 27% are under the age of 20, and probably not paying a whole lot of taxes (they get tax refunds).

Of the people who pay taxes, the National Taxpayers Union believes that 50% of all wage earners pay 97% of the taxes.

You build a Download Stimulus Bill per Taxpayer spreadsheet of all this and you'll find that only 111 million of Americans will actually pay the taxes for the 2009 Stimulus.

If you're over 20 years of age and earn over $35,000 per year, I estimate your Stimulus bill will be just over $7000.  That doesn't include interest and/or overspending.

Don't believe me?  Play with the numbers on my spreadsheet at   .

Remember I voted for President Obama, I'm an Independent, I'm from Chicago, I want the President and Congress to do well.

What scares the daylights out of me is that my Stimulus Bill spreadsheet doesn't include the 2008 Bailout, Geitner's 2 trillion dollar estimate, or the fact we are trying theories on a massive scale that have never been tried before (sorry FDR wasn't immediately a Keynesian, read history).

Ultimately what scares me is that the White House and Congress are avoiding providing Stimulus spreadsheets that show where the money is spent or your Download Stimulus Bill per Taxpayer .

What do I want out of this?  I want the President and Congress to provide simple spreadsheets and the truth that the Stimulus will cost taxpaying Americans $7000 (actually more when you add the interest on the loan).  Give me the truth, that's all I want.

Comments

[credit card stimulus]

I have more credit card debt when economic downturn because my spending habit. I hope government will have the next stimulus.