Does the stimulus bill help you?

United States
February 11, 2009 9:45pm CST
I'm still working through the newly agreed upon stimulus bill. I am curious as to whether you think it will improve your financial situation in any way, either immediately or in the coming year or two?
1 person likes this
6 responses
• United States
12 Feb 09
It will only help us if we close on a house before July 1st, and I doubt that will occur, though we're looking into it. I'm not sure if the current package will help all that quickly. I think it's going to take time for our economy to fully bounce back. For my husband and me it probably means that if we want extra we're both going to have to work, but he's holding out for as long as possible so that I can stay home with the kids until they are a bit older.
2 people like this
• United States
12 Feb 09
Thank you. Yes, I definately don't regret staying home!
1 person likes this
• United States
12 Feb 09
Hope the house works out. You should get a great price and interest rate. Way to go on staying home with the kids. You won't regret it and your kids will truly benefit from your involvement in their early lives.
@laglen (19759)
• United States
12 Feb 09
It will not help me at all. But I will get the pleasure of paying it back for the rest of my working days.
• United States
12 Feb 09
enjoy
@bobmnu (8157)
• United States
13 Feb 09
I am semi retired and not a Union member so the stimulus package will not help me. As for the tax break seeing is beleiving. I won't invest it until I see it.
1 person likes this
• United States
13 Feb 09
It will be interesting to see how many American lives are actually touched by this so called stimulus bill.
@msmargo (361)
• United States
15 Feb 09
Are you reading the 1,000+ page plan? that's more than members of the congress did (certainly didn't have time to). I have been unemployed for three years next month. I am one of the non-statistics that has fallen off the radar. I just qualified for disability in November. So, no, I don't see the package helping me in any year.
• United States
15 Feb 09
I haven't read it, but I'm so glad you qualified for disability. What a relief that must be.
@spalladino (17891)
• United States
12 Feb 09
Not really. I lost my job in November so taking less taxes out of the check I no longer get doesn't help me. My unemployment benefits aren't coming from the state so any extensions don't help me either. I live in Florida and I'm not working on any road or school project...I'm not working in any of our national parks because they're full of gators and snakes...and I live in a rural area so I doubt there will be much job creation going on here.
• United States
12 Feb 09
Thanks for sharing your story. Hang in there, fellow Floridian.
@mscott (1923)
• United States
12 Feb 09
It isn't going to do anything for me and I really don't see how it is going to help anyone like me. I think at best there might be a tx credit of like 500 bucks in there for me that might be applied to my next years taxes. Great, how is that going to help me get out there and spend and have more confidence in the system and our government. I am one of those foolish people who didn't take a mortgage bigger then I could afford, paid all my bills on time, lost some money on my retirement thanks to the stock market crashing because the government required banks to give loans to people who could never had paid them back, and so on. I guess I was foolish for not trying to abuse the system like all the people who are getting bailed out did.
1 person likes this
• United States
12 Feb 09
You are still ahead of the game though, good job. I read that the provision for taxes is not a credit but a tax cut, meaning any benefit will be seen in our paychecks from lower withholding. Something like $13 per check on average.
@dogsnme (1264)
• United States
12 Feb 09
And after a period of time...don't remember how long exactly, I think a few months...it will go down to only $8 less that is taken out. There goes your tax cut, slowly dwindling away.
1 person likes this