Here's how much money we will get in the new Stim Plan for Billions!
By coffeebreak
@coffeebreak (17798)
United States
February 14, 2009 11:12am CST
Start planning on how you will spend your wind fall of extra money you will get this year and next year - yep, the crisis is almost over!
http://news.yahoo.com/s/ap/20090214/ap_on_go_pr_wh/stimulus_stakes
I'm so disgusted at this.. sorry if I vent here, but good grief..how can they do this and then say "it will help the economy and get people back on their feet" What a slap in the face. to the American people.
"The stimulus plan will mean thousands of dollars in tax breaks for first-time home buyers and people buying new cars. Lower- and middle-income taxpayers will get an extra $13 a week in their paychecks this year, and about $8 a week next year. Unemployment checks will go up $25 a week, and keep coming longer. Food stamp benefits for 30 million Americans will rise. Short-term health insurance will become more affordable for many losing their jobs"
So with that extra $13 a paycheck (providing you are still employed and ONLY if you are employed) - go buy a house because after you put up the 3.5% down payment and move-in costs you can write off $8,000 next year on your taxes... but you have to buy the house now....and that is only if you are a first time buyer or haven't bought a home in the last 3 years and then you do have to pay it back to the IRS unless you stay in that house for 3 years. And buy a new car now because you can write off the state sales tax and interest next year. Because let's face it... $13 a paycheck was all any of us were lacking. Had we had that extra $13 a paycheck all this time, the economy would not have crashed.
And now that we are all unemployed - thank good ness they have given us lower insurance premiums to pay...cause now with no income, we will be so much more able to afford the cost of health care ..albeit for a shorter period of time... we all know that we won't be unemployed but for a few months and then we'll get a great paying job with an extra $13 a paycheck!
And you will only be able to get the food stamps if you have no money. If you own your own home or car....you won't qualify...if you live with others and they make enough money...you won't qualify.
But hey, if you are on unemployment you will get $25 a week more - and for a few months longer which is all it is going to take for us to find another job.
Thank goodness for this Stimulus Plan...it is so great and wonderful....now the economy will be back to normal in record time!!
3 people like this
4 responses
@momtrying2makeit (3270)
• United States
14 Feb 09
I was reading a little about this online and I must say that it seems it might have some benefits. I myself am no tax guru and I know very little about owning a home or things of that nature. It seems that this plan will help the middle class more than the poor or rich. To me that is what it boils down too. I am hoping for the best out of all of this but it seems it is gonna take more than lending more money and giving tax breaks to help us now based on the shape that we are in. Like I said I am hoping for the best and looking foward to making more this year online and planning a future for myself that way instead of relying on the government handouts.
1 person likes this
@coffeebreak (17798)
• United States
14 Feb 09
I am lower middle class - helps me nada, zilch, nothing. I qualify for a home loan, but can't afford the high payment as they qualify you on your Gross, not Net. So they are qualifying you on money you don't even have! You don't have the gross to spend, you have only Net...so any home mortgage you sign for you are automatically in the hole the difference between your gross and net as far as money to live on. $26 a month for 12 months? How is that going to help anyone? Rich, poor or otherwise? Maybe come current on a bill or something, but it isn't enough to help anyone, more importantly ..it isn't enough to put back into the economy! $26 a month isn't enough to buy anything but a blouse at Target! Dnon't think the country will pick up much if we all go buy a blouse a month at Target.
I have been working 12-14 hours a day for online earnings for 4 years now..so far...I am lucky to get enough to pay household utilities. I hope for the best, to.. but this sure isn't going to be much to hold on to!
@autumnbt2 (7)
• United States
15 Feb 09
It is very easy to think that a "stimulus" or any other program that the govenment provides is the way to a secure future. However, this is just not true. The problem with the bill is that it does nothing to stimulate growth. It provides some extra WORK, but not Jobs. It provides for bailouts but allows no one to pay back the bail bond. The only way to a secure economic future is hard work, resonable savings and capitalism. Even right now, people will still buy things at the "right" price. It is all supply and demand.
@coffeebreak (17798)
• United States
16 Feb 09
oraclemv - didn't say I pay that much...that is just what they are priced in the stores. I can only buy a few new clothes about every 3-4 years. and then it is only cause I can't fix the ones I have anymore or can't patch the holes.
@chrislotz (8137)
• Canada
15 Feb 09
I know my response doesn't have anything to do with your discussion but I wanted to
ask you if you ever got paid from dreamcatchers. I requested my money Dec. 9th and I
haven't recieved it yet.
It is a bit of a joke for us who aren't earning much, isn't it. But then I live in
Canada and we didn't get any windfall at all so at least you get something although
it won't help much.
Alrighty then, talk to you later my friend,
Have a good mylotting day, Chris 
@coffeebreak (17798)
• United States
16 Feb 09
No - not for either cash out. I reported them to GPTBoycott where they said..no one has gotten paid and put them on the boycott list and now the site has closed my account... so they are obviously a scam...teach me give someone a chance!
1 person likes this
@coffeebreak (17798)
• United States
18 Feb 09
I contacted her abut 4 times - nicely -asking for payment and her to do the right thing, and she deleted my account! She never responded so I reported her and took her off my blog too. Teach me to break my own rule and say something before I have the "full" story! I have been scammed by so many, I am just sticking to my hand full of ones that have been honest and paid me and just find another way to earn a little bit extra on line
@chrislotz (8137)
• Canada
18 Feb 09
I have just sent dreamcatchers a nasty contact email. I am putting on my blogg that it
is a scam site. I have reported her on a lot of paid lists. I have reported her to
gptboycott as well. I will do whatever I need to do to make sure everyone knows not to
join her site, that she is a dishonest scum bag.
@my52cents (569)
• United States
14 Feb 09
I like your analysis better than any other I have read or heard.
I'm going to go quit my job now. Oh, wait, I can't. I work for myself.
Bummer.
@coffeebreak (17798)
• United States
16 Feb 09
But the point is... $26 a month per working person for 6 months isn't enough to do anything to help recoop the economy! It startes in June and goes through the end of the year and that is only $156 for the year... again, not enough to boost anything but stress.
They give us tax breaks on things, but we have to buy something right now to qualify for the tax deduction next year. How can anyone buy a car when they are unemployed? But if they don't buy it this year, they can't deduct it next year...so where is the help?
Unemployment is high and that means that extra $25 they will get is only going to go toward rent, groceries, gas to find a job, utilities... none of which will boost the economy. THere was even the complain last year with that $600 stimulus Bush did...people put it in savings...so it didn't do anything to improve the economy....now those same people are just using that to pay for the above mentioned as they are unemployed.
End of the story is...they aren't putting the money into the hands of anyone that can do something with it....case in point... the bail out money from the first bail out - $700B - went to the banks and all - - and those same people that put us in this condition, are the ones that got the bail out money, the paid themselves huge bonu's right off the top! ANd the rest went to pay the huge frivolious bills they created at spas and such.
You have to put money int he hand of those that will spend it back into the economy. I pick up pennies from the parking lot and ain't nobody more frugal than me nor can anyone stretch the dollars farther than I can...and if I'd take the $26 but for anyone to think this is going to create movement in the economy, has never been without to understand how the dollars are needed.
@coffeebreak (17798)
• United States
16 Feb 09
And yes, many are greedy about it... I however, am not one of them. But none of this stimulus helps me at all - I have a car, 7 years old and in perfect condition cause we took care of it so why should I buy a new one this year to get a tax deduction next year...and still have to make tha payment for at least 5 more years?
we are debt free as far as credit cards go.
We have perfect credit with 700 FICOs... but can't affor a house in this foreclosure crash...cause we can't afford the payment...we qualify for $320 mortgage loan, but we can't afford the payment on that.. partly cause a loan is qualified on GROSS, not NET and you are taking on a payment that is already putting you in the hole and not qualifiying you on mony you even have! It is qualifying you one money you never even get and they don't adjust Debt to Income Ratios based on economy. Plus since we have dealt with unemployment for years, we dont' have enough to make the 3.5% down to buy a house so we can get that $8,000 tax deduction next year. And if we did have the down...we are not sure if we won't be hit with the massive layoffs going round so it is not wise to buy now as we know we might be unemployed later this year.
And I am not alone in this either. LOTS of people are in the same situation to one extent or another. IN stead of the tax deduction for a few next year, why not a tax cut now for all....that will help the economy.
