CTC for Non-Dependents

[Snaggletooth]

More Tennessee $$$

Unbelievable, Bart.

This couple is getting $7300 per child. I remember when the welfare queens themselves could negotiate only $100 a month. When you hear all our Tennessee politicians whine, you would think they didn't have enough money to mow the lawn at the state capitol.

It gets worse.

I talked to them today. Some woman with children ages 2 and 3 is pregnant with a difficult medical situation. The state called them and asked if they could take care of these two toddlers in addition to five kids already in their house.

The woman is one of those people who can't say "no" to anyone, so she agreed to take care of these two younguns for two months. She will be paid over $600 per month for each child. AND THE MOTHER WILL GET THE SAME PAY!!!

Good grief. With five of these kids, some $3100 a month in TAX FREE income PLUS they get to count 3 of kids as dependents, complete with CTC and all.

Bart, at what point does benevolence end and greedy capitalism begin???

[jainen]

A very long way

>>at what point does benevolence end and greedy capitalism begin???<<

A very long way from this point. Your big worry is support payments for kids at risk? What about the 340 TONS of hundred dollar bills the government shipped to the war zone without so much as a bill of lading? Ever since the Federal Reserve (which is a privately owned European bank) stopped publishing the money supply figure M3 last year, there is no meaning whatsoever to the amount of government spending.

[Snaggletooth]

M3 Money Supply

Hardly a tax subject but very interesting since you brought it up.

From what I know (probably not as much as most folks), the Federal Reserve is still owned by trusts left by the original 14 stockholders from the days of Woodrow Wilson.
Only 3 of the 14 were American. The Federal Reserve is a private bank which has NEVER been audited.

Is it true they have stopped publishing the M3 money supply? That's scary. I guess the Bush deficit has horned into the money so badly that the real story would drive interest rates up so much the govt could no longer afford the interest on the $6-7 trillion debt.

The money supply issue could be teetering on the brink of disaster for all of us, without the self-regulation which would otherwise result. I think the Reserve is under tremendous pressure to keep interest rates low, and the threat upon the owners is that if they fail to do so, they will kill the goose that has laid their golden egg.