Stimulus Package - What Will You Buy?

[Zephyrus]

In May, the economic stimulus package will grant $600 to every citizen over 18 in the country, to my knowledge. The government intends for us all to spend that money and thus stimulate the economy.

So what are we all going to buy with this cash? If you say you're going to invest or save it, then you're defeating the purpose of this initiative.

Personally, I'd rather invest it towards a car or other future expenses, but since I'm encouraged to spend it much earlier than that, I think I'll just put it towards more CD's. That's all I really spend money on these days.

 

[genocide roach]

well, i was planning on getting another tattoo before i knew about the rebate. so i imagine some of the money will go towards it. but i dont really have anything else in mind.

my brain doesnt think "hey, ive got 600 bucks, lets find somthing thats worth that much and get it". most of what i want requires alot more money, like another guitar
~gR~

 

[cookiecutter]

My Dad told me that you had to clear 3000 dollars of income in the past year to receive it. Either way I doubt I'll spend anything extra at this point. All I buy is food, movie tickets and CDs anyway. I'll add it to my nest egg and hopefully I'll have some money after college to help with debts/car/rent.

 

[The Ozzman]

I'll probably put it into my IRA or put some of it into the stock market

 

[Zephyrus]

I should do more research on this rebate, but you're saying that you have to have minimum annual income to receive the money? I guess that makes sense, since giving it to all the poor and unemployed will boost the drug market more than the legal economy.

 

[cookiecutter]

While I think your reasoning is flawed, I believe I am correct. I just looked it up on the New York Times and you get 300 dollars if you pay less than that in income taxes, but you still need an income. The only incomeless people who get a check are people on social security and disabled veterans. The maximum for individuals is $600.

http://www.nytimes.com/2008/02/08/w...lick&WT.mc_id=PO-S-E-GG-NA-S-stimulus_package

 

[AchrisK]

I think it's a dumb idea. It's not like they have the money to give. We are in debt. I'd prefer they keep the money and use it to pay off some of the debt.

 

[Zephyrus]

I see.

@ CC

 

[cookiecutter]

Well there you go being all sensible again Ack!

 

[The Ozzman]

I think it's a dumb idea. It's not like they have the money to give. We are in debt. I'd prefer they keep the money and use it to pay off some of the debt.

You can't really pay off any of the debt when you have a budget deficit ldo

 

[cookiecutter]

You can't pay off debt but you can give money to other people?

 

[Zephyrus]

The most effective way to pay off the debt is to either raise taxes or cut funding. Good luck.

 

[AchrisK]

Either way I think the government should find something better to do with the money. Dummys.

 

[The Ozzman]

You can't pay off debt but you can give money to other people?

You can't really do that either. I never implied that the stimulus package should be implemented, did I? I mean, I'm not going to refuse if the government gives me 600 bucks, but it's a stupid idea regardless.

 

[cookiecutter]

Well no you didn't, I just assumed you felt the opposite of Ack, which is a logical fallacy. Apologies.

I do think a raise in taxes coinciding with a cut in funding (defense!) would do the country good, although waiting until this recession passes might help.

 

[The Ozzman]

Well no you didn't, I just assumed you felt the opposite of Ack, which is a logical fallacy. Apologies.

I do think a raise in taxes coinciding with a cut in funding (defense!) would do the country good, although waiting until this recession passes might help.

Cutting spending in everything is a better option than raising taxes.

 

[ThisIsACoolName]

I guess I won't be getting anything, since I didn't hold a proper job this year (I made money but was never technically employed). If I did, though, I suppose that I, like many here, would spend a small chunk of it on CDs and maybe some clothes. Other than that, I suppose I'd give much of it to my parents; because they cover pretty much all of my real expenses, and I would like to give back to them at least a little bit.

 

[AchrisK]

I guess if they are gonna do it, they are gonna do it. I am married and have a son. I may get $1500. I'm thinking a cool mountain bike, a pool table, a drum set, or maybe a dining set. Not sure.

 

[cookiecutter]

Cutting spending in everything is a better option than raising taxes.

Agreed, but I don't think that will be enough and there are a lot of areas of the government that are underfunded, so you can't cut them further.

 

[AchrisK]

I don't know why (some of) you are going to vote Dem if you're not into massive debt. All they want to do it everything for everyone, and that costs a lot of moola.