Economic Stimulus Plan

[preciousjeni]

No y'all... they likely will send the money out to folks because they know most of us are idiots who will say "Ooh $1,200?!?!?!" And then go spend $3,000. That's what they're counting on.

They only need to mask the decline of our economic state until the elections are over.

And -

Originally Posted by UGAalum94

If they have the money to return as an economic stimulus and they don't really need it for other government functions, maybe they shouldn't have taken it in the first place.

Are you kidding? What do you think tax refunds are? It's money that the IRS has withheld from you for profit. Then, you get it back at the end of the year with no interest. That's quite a deal for the IRS! A no interest loan to the government compliments of the tax payers.

[KSig RC]

Originally Posted by preciousjeni

No y'all... they likely will send the money out to folks because they know most of us are idiots who will say "Ooh $1,200?!?!?!" And then go spend $3,000. That's what they're counting on.

They only need to mask the decline of our economic state until the elections are over.

There's no need to get your tin-foil hat on - there are enough problems with this plan without any conspiracy theory.

The amount being pushed out the door is inconsequential compared to the overall market decline - there's your starting point.

Originally Posted by preciousjeni

Are you kidding? What do you think tax refunds are? It's money that the IRS has withheld from you for profit. Then, you get it back at the end of the year with no interest. That's quite a deal for the IRS! A no interest loan to the government compliments of the tax payers.

This is only true if you schedule your own taxation in this fashion - you have literally dozens of other options, from quarterly payments to non-payment, that would allow you to not give an interest-free loan to the government.

In short, you have no one to blame but yourself if this is true.

[preciousjeni]

Originally Posted by KSig RC

This is only true if you schedule your own taxation in this fashion - you have literally dozens of other options, from quarterly payments to non-payment, that would allow you to not give an interest-free loan to the government.

In short, you have no one to blame but yourself if this is true.

I generally owe at the end of each year. But, how many people really know this is how it works? I'm talking about the general public that unconsciously turns money over to the government and has no idea what happens to it after that.

[AlethiaSi]

Thank you to EE-BO and everyone who responded about this, I'm still pretty confused, no matter how many times my dad tries to explain it to me, I understand the basics about the ARMS and credit crunch but it's so comprehensive, it's overwhelming I guess, also because I have so many other things that I'm worried about....
Idk if any of you are interested in this, but my dad works for Bloomberg and wrote a series of articles about most of this stuff, just thought i'd pass it along. Plus, i'm pretty proud of him, even if I barely understand what it is all about.
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