tax rebate

I, for one, am looking forward to the $1500 I should be getting in the mail on top of my tax return (fingers crossed) this spring. It’s the tax rebate Bush is sending everyone, hoping we’ll go out and spend it in order to stimulate the economy.

"To pay for the rebates — which are estimated to cost about $117 billion over the next two years — the government will have to borrow more money, enlarging the budget deficit." (read this here.)

In other words, in order to stimulate the economy, the government will borrow $117 billion dollars from the Federal Reserve (which will simply print the money since this country does not have $117 billion), who in turn will charge interest on that money (because it’s a bank)--guess who gets to pay for the $117 billion plus interest over the next ***years? We do, with our tax money! Yay! I wonder how much I’ll end up paying for this ’gift’ of $1500?

I’m no economist, so I’m not trying to say that it won’t help the economy in the short term. But this shows the terrible state of our economy in general and the ridiculous way we do things. The real winners in this scheme are those who are a part of the Federal Reserve, aka Rockefellers et al...imagine how much they are making!

I found this quote today by Thomas Jefferson: "I believe that banking institutions are more dangerous to our liberties than standing armies." Funny thing is that we have both: a banking institution which owns our government and a standing army.

RON PAUL 2008!!! Here you can find some of his writings on the subject.

Here is a fantastic, informative video in whichG Edward Griffin explains the Federal Reserve’s who’s, what’s, when, where’s and why’s.