Stimulus payments start arriving Monday

@ersmommy1 (12600)
United States
April 25, 2008 11:20am CST
Treasury Department says it will deposit the first 800,000 payments four days earlier than expected in effort to boost economy. Do you really think this is going to help or is it a government lie?
2 people like this
7 responses
• United States
27 Apr 08
I feel this is the equivalent of putting sunblock on yesterday's sunburn. It will relieve the pain for a little while, but once it soaks in, the problem will still be there. The high gas prices and grocery bills will still be here, and the money will not last forever. What needs to happen is to open those oil reserves that aren't being used here in the states, to lower gas prices. That will cause a great effect across the board, and some long lasting results. These checks will boost the economy yes, but only for a short time. We need a more permanent solution. And that will be done by the next President, I hope.
• United States
27 Apr 08
For once, I actually don't care if it's a government lie or not. Will it boost the economy? Doubtful, unless spending government dough can be considered a "boost". Do I care? Not really, just so long as they send me some of their supposed bounty. Is it a lie? I don't know. I don't care. I know that I have about $1500 worth of credit card debt (medical expenses) and I know that if they send me enough to cover more than half of that, I'll be happier than a tornado in a trailer park. To quote Tow Mater... However, I could go on and on about how the government is only out for it's own benefit, and in fact I have gone on and on about it. But needing money is something everyone goes through, and if I don't have to pay it back, so much the better.
1 person likes this
@stephcjh (32327)
• United States
25 Apr 08
Wow. Really? I have not heard of this recently. I will have to look up this information online and see if I can tell when my money will be arriving. It would be so nice to get it sooner than what we thought we would. We definitely could use it right now.
1 person likes this
• United States
25 Apr 08
Its alright to put the money on your debt, if you pay that off then you have a little more room and will be able to spend some of the money you usually put on those debts and instead buy something with it. We will be spending ours on some new furniture and things for the house
1 person likes this
@sedel1027 (17854)
• United States
25 Apr 08
I think it is a temporary fix to make people feel better and so that the government doesn't have to come up with a real solution.
1 person likes this
• United States
25 Apr 08
Well I think that it might help a little because we are going to inject some money into the economy. I know that some people are going to pay off debts which is not helping but it's needed. There is so much debt now. That is why I am going to pay off some debt and then put some into my bank account and then spend some money on my little baby sister and then go to the movies with my younger sister and brother. If there was a way that we all could pay off some of debt and then spend on stuff then that will help but the economy is getting bad and we are swimming in a pool of debts. I just hope that some people will inject at least some of that money because I think that it might help the economy a bit.
1 person likes this
• United States
10 May 08
... "Do you really think this is going to help or is it a government lie?" ... Sounds as if you feel this to be an either/or condition. The problem with a recession is people being afraid of a recession, thus causing one. People's attitudes might well change about spending money if they suddenly get a check in th email. If there was little steering us towards recession other than fear, then it sounds to me as if this would work. I would still call it a lie. A thousand bucks a household doesn't really change matters for each household. If it works, it works only by fooling people into spending freely instead of carefully rationing their pennies. It especially uplifts those people who are spendthrifts. Money that comes into their house goes right back out again like water through a sieve. For these spend-happy people, I think the sudden appearance of $10001 is something like a windfall for them. I expect, for them, it will help enable their financial lack of self-control. I have a hard time figuring out how that actually helps them out.. other than, perhaps, delaying a few months of over-limit and late fee charges. Unfortunately, at this point, I need to note a potential for economic hardship which might result from the 'stimulus checks.' This takes the form of scams or frauds which prey upon people's lack of complete understanding regarding the package. ..."The Internal Revenue Service today warned taxpayers to beware of several current e-mail and telephone scams that use the IRS name as a lure. The IRS expects such scams to continue through the end of tax return filing season and beyond."... 2 Then, there is the far-reaching impact of the stimulus package, which could easily be far more harmful than the recession it is intended to avert. The stimulus check is little different than the other checks the Bush administration has cut to the American people over his tenure in office. They amount to, essentially, a bribe for people to overlook the actions of the Republican lead government. Specifically, I must draw attention again, to the sequence of two wars. I cannot help but believe that the overspending on these wars simply must be connected with the looming recession. Only Republican presidents think they can write checks willy nilly without concern for how the bills will eventually get paid. Regan, Bush Sr., Bush, it is a comedy of errors repeating. Spend, spend, spend, spend.. complain that the Democrats want to spend too much. Spend some more. So, the American public is, again, being handed back some money from their taxes approaching an election year? The timing of this couldn't possibly be seen as convenient for any particular party, could it? ..."President Bush, acknowledging the risk of recession, embraced about $145 billion worth of tax relief Friday to give the economy a "shot in the arm."...3 Bush calls the stimulus package a "shot in the arm." Now, please, a shot in the arm is a reference to a vaccination to prevent a disease. You vaccinate someone to protect them from diseases, but you don't do this once they start getting sick. We do not just give people a shot of antibodies in the arm. We give them pills. If they need IV antibodies, they are in the ICU already. The analogy of "shot in the arm" also implies something painful which must be tolerated in order to forestall something worse. Ok, perhaps picking on the poor man's inability to come up with a reasonable slogan for his stimulus package is unfair. However, I think the whole check cut to the average Joe is a smokescreen to cover other things inserted into the stimulus package. ... "Bush said such a growth package must also include tax incentives for business investment and quick tax relief for individuals." ...4 So, did you catch that little part about tax incentives for businesses? Republicans love their business partners. In this case, those tax incentives are not being explained to you or me. What are they? Are they fair? Are the partisan giveaways? How will these giveaways affect the Republican Party's fund raising and campaigning for the next Presidential Election? I feel that the money for me and you is only a bribe or a cover to conceal what might otherwise be seen as an unfavorable advantage to businesses. So, given that no one is explaining to me what these other tax incentives are, I must admit to a degree of uncertainty about the integrity of this proposal. It seems to me that a great deal of chicanery is going on behind the scenes. -------------------------------------------------------------------------------- Notes: 1) Stimulus Package - Actually, the details are more like: “Eligible people will receive up to $600 ($1,200 for married couples), and parents will receive an additional $300 for each eligible child younger than 17.” 2) IRS Warnings - ( http://www.irs.gov/newsroom/article/0,,id=178061,00.html ) 3) [b][b]MSNBC's Report: Bush calls for $145 billion stimulus package [/b] - [/b] ( http://www.msnbc.msn.com/id/22725498/ ) 4) Also in MSNBC's article - See previous article link. --------------------------------------------------------------------------------