Posts: 10,488
Threads: 488
Joined: Aug 2007
Reputation:
23
Do you really need the $800.00? What will you do with it? The last time it was done in 01 and 03 it did nothing to help the economy. It's supposed to have an instant impact to spur growth putting $ back into the economy. The last time it took 6 months before it was seen, meaning people held on to it. The rules have changed with the price of fuel, grocerys and everything is out of control. I see a 20% increase across the board in food prices in the last 5 months, items I buy every month and week. What's your thought?
.
We cross our bridges when we come to them and burn them behind us, with nothing to show for our progress except a memory of the smell of smoke, and a presumption that once our eyes watered.
My thought? I could use a BUSH stimulus package! [lol]
Posts: 19,851
Threads: 1,833
Joined: Apr 2006
Reputation:
50
most people this is significant.
Those of us who don't "need" it, well, how would you feel if half the population got it and the half you were in did not. It does stimulate the economy. I will take that money and blow it on stupid stuff. Just because. Somehow someone will benefit.
Posts: 120
Threads: 15
Joined: Oct 2006
$800 worth of CC's
hock:
point me in the right direction boys!
Posts: 3,722
Threads: 329
Joined: Oct 2006
Reputation:
10
It is only for people who make under $85,000. Still, I can find a way to use $800 bones. The truck could use some new tires.
A stimulus in the form of a tax cut is nice. As Skipper said, most will spend it. Look at the impact. If most every American spent it as premised here in some of the posts, the impact is huge.
This means in a widespread manner across the country people are buying things. This means businesses are thriving. Which in most cases businesses make a profit. They re-invest in their own company in the form of growth, expansion, new employees. Which means they maintain their employees or even better hire more employees. Which means they need to order more stock. Which means the distributor or manufacture has to provide that stock. Which means those wholesale or manufacturing jobs are secure or growing. Which means delivery companies such as Fed Ex, UPS, or over-the-road truckers have jobs in delivering.
All this excess buying triggers more money funnelled into the treasury via sales tax. This is why tax cuts in general work every time that they are tried.
Kennedy proved it. Johnson continued the Kennedy tax cuts. I don't know what Nixon did but Carter nixed tax cuts and well......enough said. Reagan brought them back and the economy boomed because capitalism, the free market excelled and because people were doing things with their money.
Posts: 31,611
Threads: 1,337
Joined: Apr 2006
Reputation:
35
My wife & I sure could use the $1,600 (2 x $800)....
and its already spent....
If Sonny had EZ-Pass, he'd have survived that hit...
Never apologize mister, it's a sign of weakness. - Capt. Nathan Cutting Brittles
