Economic Stimulus Plan

[skylark]

Originally Posted by UGAalum94

This actually makes me mad, which is not to say that I'll be sending the money back.

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.

I'm pretty sure the government isn't lying around with a bunch of cash reserves that they could send back to all of us. The "refund" really just inflates the deficit, so for those of us that are out there that are younger, this "refund" is in some ways just a long term loan. We'll all have to eventually pay down that debt, some of us more than others... but I just wanted to point out that it isn't as if the government is adding up the money they DIDN'T spend from year to year since every year we're still spending more than we have (even before this economic stimulus plan).

I personally think that more money should have been given back, but to people in lower brackets. If you're a single making 60K or a couple making 120K, I don't think you're in a position to need the "economic stimulus" as much as someone making half that.

[UGAalum94]

Right, I get that.

My point is when "they" can throw money back to us, it ought to be harder for them to make the case that we shouldn't keep more of our money to spend generally and keep the economy robust all the time.

If they don't really need the money now, why should I accept that they need it ever? Make cuts in programs to reduce the deficit if paying for the programs as you go isn't really necessary.

And I think most people understand that they can set up their withholding to come pretty close to matching what they owe. I think a lot of us would rather give them the free no interest loan rather than run the risk of owing. It's our own fault.

This tax us but then decide to give some money back as a stimulus thing is beyond our control.

[SAEalumnus]

*If* I end up getting a check in the mail, I'll be surprised if it covers more than a tank of gas.

[texas*princess]

I've read on some website (cnn maybe?) that the checks could take as long as May to reach the taxpayers.

How exactly is that a stimulus if it is still several months away?

[UGAalum94]

Because it's still before the general election.

"Look we gave you some of your money back to spend because we were worried about the economy. We're awesome."

[preciousjeni]

Originally Posted by UGAalum94

Because it's still before the general election.

"Look we gave you some of your money back to spend because we were worried about the economy. We're awesome."

Ah...but that's only a conspiracy theory, right.

[preciousjeni]

I don't know anything about the Kansas City Star or its reputation, but I found this while browsing for something else.

Almost as many Americans plan to save or invest expected government tax rebate checks as plan to spend them, according to a survey commissioned by American Century Investments.

Story: http://www.kansascity.com/382/story/476110.html

Hmmmmmm