Comments on: Looking Forward To Receiving and Not Spending My Economic Stimulus Rebate Check

By: Jimmy

Jimmy — Thu, 30 Oct 2008 19:38:21 +0000

24 percent on a Credit card?? If you get yourself into that much trouble it’s no one elses fault. It’s all this spending money we don’t actually have that has gotten us here in the first place. If the government rewards us for getting behind in our payments and spending money we don’t have, then we’ll just keep on doing it and dig ourselves a deeper hole. No one gets into that much debt buying the necessities. I spend about $1000 a month on everything I need, and I earn that money. I’d say the American public needs to spend within their means and get out of personal debt.

By: Bill V

Bill V — Mon, 10 Mar 2008 15:01:45 +0000

If the government REALLY wants to stimulate..Why don’t they give us back the
deduction for interest on credit cards, auto loans and gasoline tax.
It’s kind of sad when you can’t deduct the 24 percent you pay on the Credit card
but have to declare the 1 percent you made on your savings.
Come on America, do we have to dump more tea in the harbor again????

By: kitty

kitty — Wed, 30 Jan 2008 17:27:49 +0000

I’ll not get anything… It was kind of annoying yesterday as I heard on the news when they said giving Bill Gates or Donald Trump money wouldn’t help the ecomony. But 100K a year for a single doesn’t make me a Bill Gates. (OK, I know by now you are really sorry for me I’d have invested the money and this would give more money to the company I am investing in.

Who says investing in stocks helps the economy less than shopping? When people buy clothes, they help Chinese economy more so than the US economy. When they buy a TV or a DVD player or a camera, they help Japanese economy. If I buy US company stocks, I help US economy.

Actually, I don’t think rebates would help the economy much.

By: Roundup: Saranac Chocolate Amber edition at Mighty Bargain Hunter

Roundup: Saranac Chocolate Amber edition at Mighty Bargain Hunter — Tue, 29 Jan 2008 05:21:26 +0000

[...] Money Blue Book, like myself, is looking forward to not spending his rebate check. [...]

By: Raymond

Raymond — Sat, 26 Jan 2008 05:28:44 +0000

True, true…although I think what the House and Senate have in mind is instant spending activity rather than the indirect benefits generated from lending activity.

By: Lily

Lily — Sat, 26 Jan 2008 04:05:08 +0000

Who says saving won’t help the economy? If you put your money into a bank, the bank has more deposits to lend out to other people. And, in theory, the bank will lend money out to other people since the recent rate cuts have injected liquidity into the credit markets. This will help others spend in your place, or help businesses acquire growth capital.

Or, you could imagine that you’re helping the economy in another way. For too many years, Americans have spent too much and not saved enough. You’re creating a new paradigm. Of course, let’s not oversave. That’s part of what got the Japanese in trouble.

By: Raymond

Raymond — Fri, 25 Jan 2008 20:51:30 +0000

Well if I ultimately qualify, I’m more than happy to take it, but if I get phased out, then I guess the stimulus package ultimately targeted the right crowd.

By: Greg Lamb

Greg Lamb — Fri, 25 Jan 2008 20:22:38 +0000

“Of course, my rebate check may not be as high as I would like because under the current proposal, there is an exemption for individuals who earn more than $75,000 a year, or couples making $150,000 or more. Higher income taxpayers are likely to get reduced rebate checks or none at all. Rats.”

People are going to feel sorry for you because you make a decent living. Waah.