Myths and falsehoods surrounding the economic recovery plan

Jan 29, 2009 | Posted by: Mr_Bill | Full story: mediamatters.org

During their coverage and discussion of the economic recovery bill supported by President Obama, the American Recovery and Reinvestment Act , media figures have advanced several myths and falsehoods relating to ...

Comments (Page 4)

Showing posts 61 - 70 of70
|
next page >
Go to last page| Jump to page:
progress

Bath, ME

|
Report Abuse
|
Judge it!
|
#62
Feb 18, 2009
 
you are correct.
I am talking about A SOCIAL CONDITION THAT RELIES ON PROPERTY TAXES for the good of society.
Not enough people or businesses pay enough property taxes to support the system in its current form.
Thus my allusion to Social Security.
I am not talking about how I can make more money.

I am talking about how the government can make more money.

Aside from that , your response is spot on.

I still want to talk about how the government can make more money.
No matter how comfortable my personal situation, I need a better school system , hospitals that are not going broke, A functional police department , and a functional Fire Department. No matter how good my situation I will need the state to provide these things.
That is the discussion I am trying to have. Not trying to figure out how I can more profitably rent.

This news story is about the bailout after all.
Jim Hayden wrote:
<quoted text>
My point is that when I go down to Enterprise and rent a car from them that they take all of their expenses out of my car rental payment.
A landlord is operating a business just like every other business. The cost of doing business MUST be paid for by the customer. If you are charging your tenants say $895.00 a month on a mortgage of say $850.00 a month then you are loosing money.
Sounds to me like you need to sit down figure out exactly to the penny what your monthly expenses are on your property and increase your rates accordingly. You should NOT be paying a single penny out of pocket on your rental property.
Not only that but if you have a 30 year mortgage and you are basing your rent on that 30 year mortgage you are loosing money as you are paying the bank and not yourself.
You need to try and keep everything within a 10 year period. That means that the property is completely paid for in 10 years. Now that means for the first 10 year of ownership you will not see a very big income from your property. Then once the final payment is paid you are able to keep the mortgage payments for yourself. If your mortgage payment is $1,200.00 then once you property is paid for you get to keep all $1,200.00. That is your payment as the landlord. Not only that but you should have enough money saved up to pay to have the roof fixed, buy a new water heater or air/heat unit, etc..
One of the draw backs to renting is some people just have to go out of their way to totally destroy other people's property. I have seen people move into a rental stay about 3 or 4 months and move out leaving several thousand dollars of damage behind. Some state allow landlords to buy what is called Renters Insurance that helps pay for some if not all of the damages left by a tenant that cannot be covered by the damage deposit the renter pays when they first move in. I rented from a company that charged me the first month, the last month and a $500.00 deposit. Then they told me that if I lived there a year I would get the first month free when I renewed my lease. That right there eliminate a lot of problems. Renters with that kind of money will most likely take better care of your property.
progress

Bath, ME

|
Report Abuse
|
Judge it!
|
#63
Feb 18, 2009
 
The following excerpt from a news article highlight two aspects of the mortgage problem. I wonder if what is described as the second, far larger group could somehow be motivated to stay in their homes ?

----------

The first group is made up of people who cannot afford their mortgages and have fallen behind on their monthly payments. Many took out loans they were never going to be able to afford, while others have since lost their jobs. About three million households and rising fall into this category. Without help, they will lose their homes.

The second group is far larger. It is made up of the more than 10 million households that can afford their monthly payments but whose houses are worth less than what is owed on their mortgages. In real estate parlance, they are underwater. If they want to stay in their homes, they will have no trouble doing so. But some may choose to walk away voluntarily, rather than continue to make payments on an investment that may never pay off.
citizen

Framingham, MA

|
Report Abuse
|
Judge it!
|
#64
Feb 18, 2009
 
progress wrote:
you are correct.
I am talking about A SOCIAL CONDITION THAT RELIES ON PROPERTY TAXES for the good of society.
Not enough people or businesses pay enough property taxes to support the system in its current form.
Thus my allusion to Social Security.
I am not talking about how I can make more money.
I am talking about how the government can make more money.
Aside from that , your response is spot on.
I still want to talk about how the government can make more money.
No matter how comfortable my personal situation, I need a better school system , hospitals that are not going broke, A functional police department , and a functional Fire Department. No matter how good my situation I will need the state to provide these things.
That is the discussion I am trying to have. Not trying to figure out how I can more profitably rent.
This news story is about the bailout after all.
<quoted text>
a btter question is how can the government stop wasting money? they make plenty, they need to do better things with it
progress

Bath, ME

|
Report Abuse
|
Judge it!
|
#65
Feb 18, 2009
 
citizen wrote:
<quoted text>a btter question is how can the government stop wasting money? they make plenty, they need to do better things with it
Lets talk about local government. The ones that collect property taxes. I live in a small town that does not collect enough property taxes to support all of the schools anymore. So school districts are being combined. Police departments are being combined. Less salt is being put on the roads in winter.
If you have ever lived in a small town please tell me where you think THE TOWN , NOT THE FEDERAL GOVERNMENT is wasting money ?

What they have is a shrinking tax base.

Can anyone stay ON THIS SUBJECT WITH ME ?
progress

Bath, ME

|
Report Abuse
|
Judge it!
|
#66
Feb 18, 2009
 
Lets talk about local government. The ones that collect property taxes. I live in a small town that does not collect enough property taxes to support all of the schools anymore. So school districts are being combined. Police departments are being combined. Less salt is being put on the roads in winter.
If you have ever lived in a small town please tell me where you think THE TOWN , NOT THE FEDERAL GOVERNMENT is wasting money ?

What they have is a shrinking tax base.

That is why I say that

If the town only had to provide services to the people who paid property taxes,
THEY COULD AFFORD TO!
It is providing services for people who only contribute to sales taxes ,
that use town services that PROPERTY TAXES PAY FOR.
That is ,spending monies that they have not contributed to that is, making the local economy run in the red.
Renters DO NOT SIGNIFICANTLY CONTRIBUTE TO LOCAL SERVICES WHICH THEY USE.
That is why local deficits exist
progress

Bath, ME

|
Report Abuse
|
Judge it!
|
#67
Feb 18, 2009
 
Let us say , for the sake of argument,
THAT EVERY BODY DESERVES ACCESS TO PUBLIC SCHOOLS , HOSPITALS, THE POLICE and FIRE departments.

Now we all ? agree that to some great extent that property taxes pay for these services.

How do we provide these services to the great majority of people who do not pay property taxes ?

That is my question ?

Since: Apr 07

Franklin, TN

|
Report Abuse
|
Judge it!
|
#68
Feb 19, 2009
 
progress wrote:
you are correct.
I am talking about A SOCIAL CONDITION THAT RELIES ON PROPERTY TAXES for the good of society.
Not enough people or businesses pay enough property taxes to support the system in its current form.
Thus my allusion to Social Security.
I am not talking about how I can make more money.
I am talking about how the government can make more money.
Aside from that , your response is spot on.
I still want to talk about how the government can make more money.
No matter how comfortable my personal situation, I need a better school system , hospitals that are not going broke, A functional police department , and a functional Fire Department. No matter how good my situation I will need the state to provide these things.
That is the discussion I am trying to have. Not trying to figure out how I can more profitably rent.
This news story is about the bailout after all.
<quoted text>
To begin with whenever the government attempts to do any thing the government ALWAYS makes things worse.

What we really need to be looking at is how the government can get LESS money while cutting back on unnecessary and unconstitutional programs like Public Assistance.

The smaller government is the less taxes required by the government to function. The less taxers government needs to function the more money in YOUR pocket for YOU to spend.

This is not about giving the government more but seeking way to reduce government's burden upon the American people.

You want better schools then help push to privatize the schools, all of them. You want better police protection then I suggest you move to a communist or police state type country. Simply put that is unconstitutional as a well armed police force violates the 4th, 5th and 6th Amendments to the Constitution. You want better fire and EMS then I suggest you get proactive within your own community because most of us already have very good fire and EMS services.

I take it from what you have been saying that you like most Republicans are sick and tired of the Democrats taking money away from hard working Americans such as yourself and giving it to individuals who only want a FREE ride.

Since: Apr 07

Franklin, TN

|
Report Abuse
|
Judge it!
|
#69
Feb 19, 2009
 
progress wrote:
Let us say , for the sake of argument,
THAT EVERY BODY DESERVES ACCESS TO PUBLIC SCHOOLS , HOSPITALS, THE POLICE and FIRE departments.
Now we all ? agree that to some great extent that property taxes pay for these services.
How do we provide these services to the great majority of people who do not pay property taxes ?
That is my question ?
Actually the purpose behind Property Taxes to to pay for the roadbed and the utilities (water lines, sewer pipes and electrical lines) that run in front of your property. Your schools, Fire and Polices are paid out of you local sales taxes. While your hospitals are paid by direct payments by the patients and their health insurance.

Now here's the main problem with hospital care. Hospitals rely upon the money they receive from their patients and their patient's health insurance. Now when a person's health insurance just happens to be a government health plan that fails to pay the hospitals for services rendered the hospitals must add those charges onto their other patient's bills and their private health insurance.

I hear a lot of people complaining about the free serviced the illegals are receiving from our hospitals yet I hear very few people complaining about the government's failure to pay its just debts to our doctors and hospitals.

You want universal health care then be prepared to start receiving LESS than adequate health care. Whenever you allow a politician to have any control over any part of your health care then be prepared to suffer greatly. I know first hand how universal health care works. I am a Vietnam Disabled Veteran and what you saw at Walter Reed Army Hospital is just the very tipy top of the universal health care problem. It gets a whole lot worse.

“Homosapien ”

Since: Jan 07

Minneapolis

|
Report Abuse
|
Judge it!
|
#70
Feb 20, 2009
 
Matt wrote:
<quoted text>
It was an unnessary war?..
...3500 died on 9/11...
And I will tell you when someone attacks you that it is unnecessary for you to fight back,..it may cost me a dollar...
Do you know how to read or even listen? Because then you would know that most of the 9/11 terrorists came from Saudi Arabia and where trained in Afghanistan, NOT IRAQ. Sorry if facts are confusing to you, the war in Iraq was not about 9/11.
goonpatrol

Pleasanton, CA

|
Report Abuse
|
Judge it!
|
#72
Feb 28, 2009
 
mixed wrote:
<quoted text>
Do you know how to read or even listen? Because then you would know that most of the 9/11 terrorists came from Saudi Arabia and where trained in Afghanistan, NOT IRAQ. Sorry if facts are confusing to you, the war in Iraq was not about 9/11.
I've just stopped takng anything you say seriously, so it seems to u I don't listen, when I do, and just think, man, who do they think they are fooling?...and then I usually laugh out loud....

Tell me when this thread is updated: (Registration is not required)

Add to my Tracker Send me an email

Showing posts 61 - 70 of70
|
next page >
Go to last page| Jump to page:
Type in your comments below
Name
(appears on your post)
Comments
Characters left: 4000
Type the numbers you see in the image on the right:

Please note by clicking on "Post Comment" you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Other Recent The New Deal Discussions

Search the The New Deal Forum:
Topic Updated Last By Comments
The New Deal Goes South (Jul '13) Jul '13 Terry 1
Wonkblog book club: "Fear Itself" (Jul '13) Jul '13 Holly 1
'New Deal' on hep C (Mar '13) Mar '13 Zellers pharmacy 1
The Taliban vs. Teenage Girl, Richard Hell, The... (Mar '13) Mar '13 Alex 1
Political Book Club: A Reading List (Mar '13) Mar '13 Dean 1
Wynne Liberals plan to continue ONTC fire sale (Mar '13) Mar '13 Dean 1
Book review: 'The Great Deformation: The Corrup... (Mar '13) Mar '13 Dean 1
•••
•••
•••
•••
•••
•••