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	<title>Comments on: Dear Congress, Wanna Help Your Country? Cut the Fat</title>
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	<link>http://cashmoneylife.com/2008/10/07/economic-bailout-pork-barrel-spending/</link>
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		<title>By: Lessons Learned: What Has the Economic Crisis of 2008 Taught Me? :: Steadfast Finances</title>
		<link>http://cashmoneylife.com/2008/10/07/economic-bailout-pork-barrel-spending/comment-page-1/#comment-15295</link>
		<dc:creator>Lessons Learned: What Has the Economic Crisis of 2008 Taught Me? :: Steadfast Finances</dc:creator>
		<pubDate>Tue, 18 Nov 2008 04:46:45 +0000</pubDate>
		<guid isPermaLink="false">http://cashmoneylife.com/?p=996#comment-15295</guid>
		<description>[...] the appropriate subject matter.  And to add insult to injury, someone has the nerve to tack on Puerto Rican rum tax addendum to the infamous Bailout Bill?  [...]</description>
		<content:encoded><![CDATA[<p>[...] the appropriate subject matter.  And to add insult to injury, someone has the nerve to tack on Puerto Rican rum tax addendum to the infamous Bailout Bill?  [...]</p>
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	<item>
		<title>By: Random Stuff&#8230;</title>
		<link>http://cashmoneylife.com/2008/10/07/economic-bailout-pork-barrel-spending/comment-page-1/#comment-14115</link>
		<dc:creator>Random Stuff&#8230;</dc:creator>
		<pubDate>Sat, 11 Oct 2008 21:45:06 +0000</pubDate>
		<guid isPermaLink="false">http://cashmoneylife.com/?p=996#comment-14115</guid>
		<description>[...] Dear Congress, Wanna Help Your Country? Cut the Fat [...]</description>
		<content:encoded><![CDATA[<p>[...] Dear Congress, Wanna Help Your Country? Cut the Fat [...]</p>
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	<item>
		<title>By: The Friday gathering - Only 13 more days</title>
		<link>http://cashmoneylife.com/2008/10/07/economic-bailout-pork-barrel-spending/comment-page-1/#comment-14085</link>
		<dc:creator>The Friday gathering - Only 13 more days</dc:creator>
		<pubDate>Fri, 10 Oct 2008 10:50:43 +0000</pubDate>
		<guid isPermaLink="false">http://cashmoneylife.com/?p=996#comment-14085</guid>
		<description>[...] Dear Congress, Wanna Help Your Country? Cut the Fat [...]</description>
		<content:encoded><![CDATA[<p>[...] Dear Congress, Wanna Help Your Country? Cut the Fat [...]</p>
]]></content:encoded>
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	<item>
		<title>By: Zhu</title>
		<link>http://cashmoneylife.com/2008/10/07/economic-bailout-pork-barrel-spending/comment-page-1/#comment-14054</link>
		<dc:creator>Zhu</dc:creator>
		<pubDate>Thu, 09 Oct 2008 02:29:48 +0000</pubDate>
		<guid isPermaLink="false">http://cashmoneylife.com/?p=996#comment-14054</guid>
		<description>I&#039;m not an economist either but I recently grew interested in how tax money was spend, either locally (i.e city hall) or at the highest level.

My conclusion was, a lot of money seem wasted. It seems that politicians invest in the great picture which could be fine on the long run... but they never stay in power long enough to accomplish the plan and the following gov&#039; doesn&#039;t follow up.</description>
		<content:encoded><![CDATA[<p>I&#8217;m not an economist either but I recently grew interested in how tax money was spend, either locally (i.e city hall) or at the highest level.</p>
<p>My conclusion was, a lot of money seem wasted. It seems that politicians invest in the great picture which could be fine on the long run&#8230; but they never stay in power long enough to accomplish the plan and the following gov&#8217; doesn&#8217;t follow up.</p>
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	<item>
		<title>By: deepali</title>
		<link>http://cashmoneylife.com/2008/10/07/economic-bailout-pork-barrel-spending/comment-page-1/#comment-14051</link>
		<dc:creator>deepali</dc:creator>
		<pubDate>Wed, 08 Oct 2008 23:34:44 +0000</pubDate>
		<guid isPermaLink="false">http://cashmoneylife.com/?p=996#comment-14051</guid>
		<description>I am not convinced that letting the market self-correct is necessarily the right approach. I worry that part of the self-correction would be a business flight overseas.  In theory, I&#039;m not opposed to globalization, but in practice, I also appreciate the need to circle the wagons at certain times... 

I also agree that it is confusing when bills are mixed up and the media mishandles the situation.  I should also point out that all riders are not bad, particularly if one of them happens to fix the AMT.

I also think we can&#039;t have it both ways. We want lower taxes, but we oppose anything that &quot;costs the taxpayer&quot;. Some of those &quot;costs&quot; are lost tax revenue, from lowering taxes or creating tax breaks. 

I think we&#039;re bring distracted from the true problem here - this ridiculous bailout bill.</description>
		<content:encoded><![CDATA[<p>I am not convinced that letting the market self-correct is necessarily the right approach. I worry that part of the self-correction would be a business flight overseas.  In theory, I&#8217;m not opposed to globalization, but in practice, I also appreciate the need to circle the wagons at certain times&#8230; </p>
<p>I also agree that it is confusing when bills are mixed up and the media mishandles the situation.  I should also point out that all riders are not bad, particularly if one of them happens to fix the AMT.</p>
<p>I also think we can&#8217;t have it both ways. We want lower taxes, but we oppose anything that &#8220;costs the taxpayer&#8221;. Some of those &#8220;costs&#8221; are lost tax revenue, from lowering taxes or creating tax breaks. </p>
<p>I think we&#8217;re bring distracted from the true problem here &#8211; this ridiculous bailout bill.</p>
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		<title>By: No Debt Plan</title>
		<link>http://cashmoneylife.com/2008/10/07/economic-bailout-pork-barrel-spending/comment-page-1/#comment-14045</link>
		<dc:creator>No Debt Plan</dc:creator>
		<pubDate>Wed, 08 Oct 2008 20:40:39 +0000</pubDate>
		<guid isPermaLink="false">http://cashmoneylife.com/?p=996#comment-14045</guid>
		<description>There are many things wrong with how our legislation/Congress is setup... too many special interests. Sad...</description>
		<content:encoded><![CDATA[<p>There are many things wrong with how our legislation/Congress is setup&#8230; too many special interests. Sad&#8230;</p>
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		<title>By: Ryan</title>
		<link>http://cashmoneylife.com/2008/10/07/economic-bailout-pork-barrel-spending/comment-page-1/#comment-14033</link>
		<dc:creator>Ryan</dc:creator>
		<pubDate>Wed, 08 Oct 2008 03:20:16 +0000</pubDate>
		<guid isPermaLink="false">http://cashmoneylife.com/?p=996#comment-14033</guid>
		<description>&lt;strong&gt;jarhead: &lt;/strong&gt;not off-topic at all. There are many issues that need addressed in our economy, tax system, political system, etc.</description>
		<content:encoded><![CDATA[<p><strong>jarhead: </strong>not off-topic at all. There are many issues that need addressed in our economy, tax system, political system, etc.</p>
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		<title>By: Ryan</title>
		<link>http://cashmoneylife.com/2008/10/07/economic-bailout-pork-barrel-spending/comment-page-1/#comment-14032</link>
		<dc:creator>Ryan</dc:creator>
		<pubDate>Wed, 08 Oct 2008 03:18:29 +0000</pubDate>
		<guid isPermaLink="false">http://cashmoneylife.com/?p=996#comment-14032</guid>
		<description>&lt;strong&gt;Kirk: &lt;/strong&gt;I agree; letting the market correct itself would be painful. But it is quite possibly the best way to weed out the inherent weakness in our financial system. 

Congress won&#039;t allow that to happen though because people would lose jobs, some companies would fold, and pension plans and retirement funds would lose a lot of money. Many people would need to put off retirement for several more years. Of course, these things are already happening, but the effects would be magnified, and they don&#039;t want to be held responsible for that. 

Allowing the market to correct naturally would be viewed by the media and many people in the public as &quot;inaction&quot; and public outcry would force the government to act... bringing us right back to where we started.</description>
		<content:encoded><![CDATA[<p><strong>Kirk: </strong>I agree; letting the market correct itself would be painful. But it is quite possibly the best way to weed out the inherent weakness in our financial system. </p>
<p>Congress won&#8217;t allow that to happen though because people would lose jobs, some companies would fold, and pension plans and retirement funds would lose a lot of money. Many people would need to put off retirement for several more years. Of course, these things are already happening, but the effects would be magnified, and they don&#8217;t want to be held responsible for that. </p>
<p>Allowing the market to correct naturally would be viewed by the media and many people in the public as &#8220;inaction&#8221; and public outcry would force the government to act&#8230; bringing us right back to where we started.</p>
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