MC75- RECOGNIZING BULLSHIT

CAN YOU RECOGNIZE BULLSHIT WHEN YOU SEE AND HEAR IT?

Well I can, and I'll bet you can too. Here is the latest load of crap to be dumped on us by the Department of Finance... Story Here...

Inos: No second check for stimulus recipients
FIRST, the good news: U.S. stimulus checks don’t “bounce.”

These are not U.S. checks, these came from our own DOF.
NEXT: Variety was told that a supermarket that received $6,000 in U.S. stimulus checks from different taxpayers could not cash them in a bank due to “insufficient funds.” But Finance Secretary Eloy Inos said that’s “impossible” because more than a third of the funds provided by the U.S. Department of Treasury are still in the bank.

So the next question would seem to be is... Why is all that money still there? This was given by the U.S for the working class people to spend, therefore stimulating the local economy, thus the name 'Stimulus Rebates'. How will this economy be helped with these idiot sitting on over 1/3 of the funds?
“No way they bounced,” said Inos. He said the checks may not have been cleared due to other reasons but not because of “insufficient funds.” “There is what we call unusual endorsement like if a signature is missing. Sometimes the machine missed it (on the check) or the dates and the written amount and the figure are not the same,” he told Variety in an interview yesterday. “Or maybe the checks are (physically damaged). There are many other factors.”

Now lets see, $6,000 dollars at $300 each must be about twenty checks. So he is saying they messed up twenty checks that all went to the same store because of printing errors? Here is a point you should call 'bullshit' because I don't believe it and I'll bet you don't either.

The U.S. Department of Treasury turned over $16.1 million to the CNMI Department of Finance under the $152 billion federal Economic Stimulus Package Act of 2008. Of this figure, Inos said $6 million is still in the Bank of Guam and the U.S. Treasury will provide more funds if what was given to the CNMI is not enough. Most of the CNMI recipients got $300.

Why wouldn't they want to dump all that money into the local economy and ask for more, can't they even pass out free money right?
According to Inos, $300 is the minimum federal stimulus rebate and since most taxpayers in the CNMI private sector are minimum wage earners who are paid lower than their counterparts in the U.S., most of them got the minimum rebate amount.

So explain the amount the higher paid, government workers got paid, where is his explanation for that?
“If their tax liability is lower than $300, then they get $300. The minimum rebate is $300,” said Inos.

Now there's a line that isn't even bullshit, it's plain ignorant, I can't even fathom what it means. Do you understand this calculation?

“We have no intention of shortchanging anybody — we don’t discriminate. It’s about the tax system,” he said. “In a way this is a good exercise for us. These problems have never come up before. We’re just following the requirements of the (U.S. Internal Revenue System) so that next time around, we can implement this easily and smoothly,” he added.

Man oh man, it's been so long since they paid a tax rebate they forgot how. What does he mean by the "next time around"? He couldn't even give out all he got this time and he's getting ready for the next round? Watch for government sticky fingers!

Stupidity reigns at DOF!!!!!!!!!!

.....GED.....