Loading ...BROTHER, CAN YOU SPARE A DIME OR $1.64?
It looks like Congress and the White House have worked out a deal to help stimulate the economy by being considerate enough to give you back your hard-earned money. But before you get too excited over this economic “stimulus” package you should realize that it isn’t all that much. Individuals who pay income taxes get $600, couples who file jointly $1,200 and individuals who pay no taxes will get $300. The checks would arrive in he mail about May.
That amounts to $1.64 a day for individuals and $3.28 for couples. Pay no taxes and you’ll get $0.82. Don’t spend it all in one place. I’m not sure what you can do with $1.64 but I’m sure it involves a vending machine, a cup of coffee or filling the change cup of a homeless person on Monument Circle.
If you’re smart you’ll just write the entire check over to your local government because that’s about the time for you to pay your Spring property tax bill or you can put it towards your reconciliation bill.
If this is the government’s idea of stimulus, I’d rather go somewhere and stimulate myself.
January 25th, 2008 at 7:18 am
Yes Abdul and the thing is to show you how disconnected those idiots are they think we can’t add or subtract, read or write, and discover that the stimulant is a depressant. We all like a tad extra cash and I am all for it, but do not insult my intellegence by trying to make me think you are helping me and from the government. If you want to help me then fix this broken war which is costing trillions and accomplishing zilch, fix this broken economy by bringing home the jobs you shipped out under NAFTA and restore a law and order to insure we are protected in our homes. Oops, I was dreaming again!
January 25th, 2008 at 8:10 am
Thanks for the visual at the end Abdul. I just tried to rip my eyes out.
January 25th, 2008 at 9:23 am
History shows that most of us will either put it into savings or use it to pay off debts in lue of buying something. Thus not putting any money back into the economy. Ours will be going towards paying off the family truckster. Between the tax refund and the “stimulus” package we might be able to pay this bad boy off in a year.
I wil argue that since this is in part a banking crisis that paying off loans from banks will allow banks to have more money on hand to loan back out, hopefully not go to payouts to their CEOs.
January 25th, 2008 at 10:11 am
i don’t know about you, but i really could use that money. i’ll probably use it to help finance a trip i’ve been wanting to take, and that i otherwise wouldn’t get to take without the money; so, yeah, i think it’s a good idea and at least in my case it will do what it’s supposed to.
January 25th, 2008 at 11:46 am
To me, economic stimulus means “1-year moratorium on all taxation of income”.
With any luck that would put the economy on puree and the next year we’d repeal the 16th Amendment because we’d realize income taxes weren’t needed.
Yeah, livin’ in dreamland. But a guy can dream, can’t he?
January 25th, 2008 at 12:19 pm
“If this is the government’s idea of stimulus…”
Everyone knows that if this was truly a stimulus it would have been done differently. An additional rebate off of this years taxes for example. Or better yet, an increase in paycheck witholding exemptions for the next 52 weeks. That way nobody’s whose not already paying gets the rebate, and every taxpayer is assured of being included in the plan.
The real goal of the “stimulus” plan is to justify an additional $150 billion dollars in loans from the Fed banks. Everyone can sit in front of their personal colliseums (aka televisions) and let the Senate throw out cash to placate them when times get tough - so that there won;t be an uprising when people collectively realize that the empire has completely drained their national treasury.
This isn’t a stimulus package. It’s a bribe so that nobody complains about the additional $150 billlion dollar debt that was just approved. We’ll be paying the interest on this loan for the next several decades.
I’m not spending a dime of mine on anything that’ll go towards a tax - at least when it leaves MY hands. I think I’ll use it to buy some goodies from private sellers on ebay - if I don’t invest it in foreign currency. The way things are going, I might double my money within the year.
January 25th, 2008 at 12:37 pm
Abdul: Why don’t you stick to covering local and state politics in your blog. I have never found anything you have written about the president or congress to ever have been anthing more than a waste of time.
January 25th, 2008 at 1:23 pm
Hey GOP-outside,
Why don’t you go read something else and that way neither of us will have to waste our time.
January 25th, 2008 at 1:28 pm
Right on Abdul.
January 25th, 2008 at 4:53 pm
First off, GOP Outsider…..go outside and soak your head!! You don’t have to come here and read, so I suggest you DON’T.
Abdul, the “stimulus” money will be just as you stated….giving me MY money back. It isn’t the government’s money, it’s MINE. What will I do with it? Probably give it back to another government entity in the form of another TAX. :(
January 26th, 2008 at 8:15 am
Don’t forget this money that you will recieve is borrowed money. Money that you will pay back in the form of taxes.
January 26th, 2008 at 10:38 pm
Why should people who have paid no taxes get a rebate??
January 27th, 2008 at 3:51 pm
Buzzy - FYI nobody is getting a rebate. We’re all getting a loan from the Federal Reserve Banks, via the IRS. You’ll be paying interest on it even if you return the check.