Extra Tax Checks this year?
CHRISTMASTIME IN IRAQ
Joined: Apr 2003
Posts: 12,413
Likes: 0
From: Bay Area
There's the problem... That's not the economic stimulus they want. They want you to be happy consumers and buy stuff: not pay off loans or put it in the bank, which is what any fiscally responsible person would do.
This whole thing reeks of :facepalm:
This whole thing reeks of :facepalm:
I
Joined: Jan 2001
Posts: 56,525
Likes: 0
From: Westside til I die
I will whoop yo asssssssssss.
If I get an extra $600 check, I will absolutely spend it.
h:If I get an extra $600 check, I will absolutely spend it.
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2015 Ford Mustang GT Fastback - Ingot Silver - 6M - Performance Package - Gibson Catback, JLT CAI, FR 47lb injectors, BAMA E85 tune, Eibach Sportline, BMR wheel hop kit, UPR oil separator, Steeda shifter bushing/bracket
Team B.O.B.® - Ballaz on a Budget
AARONNOJIMA.COM
Joined: Aug 2000
Posts: 8,559
Likes: 0
From: Elk Grove, Ca AOL/AI
bet you like 80 percent of people will spend it on something rather then save or pay something off.
i think ill spend it, cuz its almost like a bonus check where its not expected so its extra money to spend on worthless items...
i think ill spend it, cuz its almost like a bonus check where its not expected so its extra money to spend on worthless items...
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snitches get stitches
Joined: May 2002
Posts: 49,696
Likes: 1
From: Portland, OR
b.) The only way the money would fully leave the country is if you went over to the other country and bought it there. If you buy a foreign made product in the US, you're still supporting the wholesalers/distributers who got the products to America, marketed them, and sold them.
Stimulating market spending via tax cuts and federal fund rate decreases has been proven to help in the short term, which is what they're working on, so I fail to see a problem.
Calling the economy a "cancer" is being very dramatic, especially considering the prime source of most of the problems was due to very correctable market variables (subprime lending, real estate inflation).
Chidori-chan :love:
Joined: May 2002
Posts: 3,177
Likes: 0
From: So Cal
macroeconomics.... if economy is going to shits, lower interest rates so tht ppl don't invest and give them more incentives to spend money to stimulate the economy (aka these rebate checks)