Economic Stimulus Payments

[odun]

notice:

anyone who is opposed to president bush and his economic policies, feel free to sign over your check to me!

[WineKitty]

Originally Posted by odun

notice:

anyone who is opposed to president bush and his economic policies, feel free to sign over your check to me!

If you are such a supporter of Bush, then its very puzzling to why you are so adamantly supporting Hillary Clinton??? Hmmm????

While I am not a "supporter" of this stimulus package, I am taking my check and putting it in my savings account towards a new car for next year, which I plan to buy outright.

[UltraShy]

We're going to stimulate the economy by throwing money at Americans. Did we get in this situation by not spending enough? Didn't I post a couple weeks back about how you come out to $8,300 for ever American when you divide total consumer credit by a population of 300 million. Sure looks like Americans know how to spend when that's an average debt of $33,000 for a family of four.

It seems the answer to all your woes it to spend. Bush racks up debt in Iraq and all these checks will merely add to the national debt that will have to be paid back some time in the future with higher taxes and higher taxes will force lower spending as it's hard to spend money when the government takes it away from you.

[brimontz]

The other part of this idiotic plan is that by the time everyone gets the money, the country will be fully in the recession anyhow. It's not going to accomplish anything other than making the national debt even worse -- something which too many people ignore.

My household should end up with something like $1500. It's all going in the bank. I'm not spending a dime of it.

Brian

[Slothrop]

When will you be receiving these payments, anyways?

[coldmorning]

Originally Posted by Slothrop

When will you be receiving these payments, anyways?

I think I heard around August. They could have saved a lot of administration expenses, postage handling, etc, by just giving us a tax reduction when we file in April. But that's too early from the election.

[Kelly]

Originally Posted by odun

notice:

anyone who is opposed to president bush and his economic policies, feel free to sign over your check to me!

Why give it to you? We're going to need the money when the next President is forced to raise taxes because it's the only way to solve the fiscal mess Bush has created.

Have a nice day,
Kelly

[odun]

Originally Posted by Penny

If you are such a supporter of Bush, then its very puzzling to why you are so adamantly supporting Hillary Clinton??? Hmmm????

While I am not a "supporter" of this stimulus package, I am taking my check and putting it in my savings account towards a new car for next year, which I plan to buy outright.

i have many, many, many, many disagreements with bush.

however, i do agree with him on some things.

im not a bush basher, however. i dont think he is the devil. i dont compare him to hitler.

and yes, as radical as it might sound, i actually believe osama bin laden is a much greater threat to international security than george w. bush.

[stylicho]

Originally Posted by brimontz

The other part of this idiotic plan is that by the time everyone gets the money, the country will be fully in the recession anyhow. It's not going to accomplish anything other than making the national debt even worse -- something which too many people ignore.

My household should end up with something like $1500. It's all going in the bank. I'm not spending a dime of it.

Brian

Exactly how did you come to that amount? I didnt understand the flyer the govt sent out about it because I dont know what Net Income Tax Liability is. I itemized so will that hurt me with this thing?

[stylicho]

Originally Posted by odun

notice:

anyone who is opposed to president bush and his economic policies, feel free to sign over your check to me!

I might be your huckleberry if you have some kind of new invention you want to sink the money into. Ive personally been thinking of a new means of transportation, via air. I really dont want to give out my great idea over the internet but what the heck. Im trying to build a miniature blimp, which I have given the name Zeep (short for Zepellin and Jeep put together ). It wont consume nearly the amount of fuel your vehicle does and you wont get stuck in rush hour traffic. Three small cylinder like balloons atop the frame will hold the hydrogen. The frame will be of lightweight material. Just trying to get past the wind obstacle.

[Lonelyguy]

Originally Posted by Slothrop

When will you be receiving these payments, anyways?

They have a schedule set up based on your social security number, so it varies for everyone. Mine won't come until September (I'm expecting $600) and like most people I don't plan on spending it.

[stylicho]

Originally Posted by stylicho

I might be your huckleberry if you have some kind of new invention you want to sink the money into. Ive personally been thinking of a new means of transportation, via air. I really dont want to give out my great idea over the internet but what the heck. Im trying to build a miniature blimp, which I have given the name Zeep (short for Zepellin and Jeep put together ). It wont consume nearly the amount of fuel your vehicle does and you wont get stuck in rush hour traffic. Three small cylinder like balloons atop the frame will hold the hydrogen. The frame will be of lightweight material. Just trying to get past the wind obstacle.

Oh snap! Apparently theyre already trying to steal my idea lol. http://www.treehugger.com/files/2006/02 ... t_rebi.php

[millenniumman75]

I am a Bush supporter, but I have never understood this tax rebate thing - twice in eight years. That money could be better used to pay off the National Debt. I already got used to the fact that the money was lost to begin with, why suddenly give it back.

[brimontz]

Originally Posted by stylicho

Exactly how did you come to that amount? I didnt understand the flyer the govt sent out about it because I dont know what Net Income Tax Liability is. I itemized so will that hurt me with this thing?

It's something like $600 per adult and $300 per child. Two adults and one child equals $1500.

Brian

[brimontz]

Originally Posted by millenniumman75

I am a Bush supporter, but I have never understood this tax rebate thing - twice in eight years. That money could be better used to pay off the National Debt. I already got used to the fact that the money was lost to begin with, why suddenly give it back.

Then, how can you be a Bush supporter? These rebates are just one example of his ineptitude as President.

Brian

[k79]

Originally Posted by odun

anyone who is opposed to president bush and his economic policies, feel free to sign over your check to me!

I am opposed to President Bush and his radical liberal failed economic policies of welfare and handouts. I would send the funny money back to the Treasury, although knowing Bush he would probably just use it to throw at Africa along with the $Billions he has given them for AID$ or else he would use it for FEMA which rewards people for building their homes an inch away from the ocean or else in dense wooded areas on cliffs in notorious wildfire zones in Southern California, so it would be pointless to send it back.

Sad thing is that I voted for him twice, only because his liberalism/socialism is not as advanced as the folks he was running against. I'll probably put the funny money in the bank when I get my big "stimulus package" check.

[stylicho]

Originally Posted by k79

he would use it for FEMA which rewards people for building their homes an inch away from the ocean or else in dense wooded areas on cliffs in notorious wildfire zones in Southern California, so it would be pointless to send it back.

I dont recall there ever being dense wooded areas in southern California .

[WinterDave]

INFLATION:
1. The act of inflating or the state of being inflated.
2. A persistent increase in the level of consumer prices or a persistent decline in the purchasing power of money, caused by an increase in available currency and credit beyond the proportion of available goods and services.

The rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling.

Investopedia Says:
As inflation rises, every dollar will buy a smaller percentage of a good. For example, if the inflation rate is 2%, then a $1 pack of gum will cost $1.02 in a year.

Most countries' central banks will try to sustain an inflation rate of 2-3%.

That 600 dollar check won't even cover the price increase that we have to pay for gas and consumer goods from abroad because of the declining value of the dollar....

LONDON: "For the first time in 13 years, people who trade currencies say that confidence in the markets to determine exchange rates is dwindling.

The crisis that may bring the so-called Group of Seven nations to coordinated intervention is the result of a sinking U.S. economy, the weakest dollar since 1971 and the biggest currency fluctuations this decade, some observers say."

http://www.iht.com/articles/2008/03/25/ ... dollar.php

[nubly]

if youre all so agains this check then why not just void it and shred it. lets not be hypocritical now

[stylicho]

Im not against rebate checks. Im not someone who thinks anything Bushwacked does is wrong just because its him doing it. Im going to use it. But is it economically feasible at this specific time? Ive been saying the dollar was going to fall hard for the past two years. Too bad I was too ignorant to put my money where my mouth was.