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Old 01-28-2008, 01:07 PM   #11
iza
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The way economy works is weird. I feel we are encouraged to buy as much useless stuff as possible instead of paying bills, saving money, buying only what we can afford and what we need. In what kind of world do we live in? It can't go on like this indefinitely!
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Old 01-28-2008, 01:22 PM   #12
lelvsdgs
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If only they would come sooner than June! But, I'll be glad to get that check no matter when it comes...
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Old 01-28-2008, 02:10 PM   #13
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I will gladly take a check for $2100!

(married-$1200+3 kids at $300 a piece)
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Old 01-28-2008, 02:55 PM   #14
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This bill still has not passed the Senate...and they are right now proposing to add on to the bill to include Senior citizens on Social Security...this will reduce the rebates to probably $500 rather than $600.

If Bush gets stubborn, he will veto it when it goes back to him...

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Old 01-28-2008, 03:36 PM   #15
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I'm assuming this is income limited? like if you make over a certain amount you won't qualify for the check? it wouldn't make sense for people in the top income brackets to get the rebates. where did you read this? my father lives overseas as well. but as to pay taxes so i wonder if it affects him. americans overseas and taxation is so confusing.
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Old 01-28-2008, 05:23 PM   #16
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As it stands now, I believe the upper income cut-off is $75,000 per person (double for married)
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Old 01-28-2008, 07:33 PM   #17
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In my house it will go into the general fund to pay bills
the good point is that if I pay my back due bills, the people I pay will have more money, and less debt, to spend
Once their Debt is down, they can spend more, and offer more credit to people who need services, thus inflating the economy a bit.
Anything to get people to spend more money
Less savings, means more money in the economy, unfortunatly this promotes the widening of the class differences. the people it makes the most difference to, will make the biggest changes in their spending. The Wealthy will not see a large change

Just understand, this is my limited opinion of the situation as I see it. I interact with people at both extreames of the Class scale. The people I know on the lower end of the Incoming cash graph, are thrilled to offset some of their debt and to spend some, but not much. I know a few people who are VERY wealthy, and they are almost Blasse about this, its an offset to their taxes, not get them a refund per se

Just my input

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Old 01-28-2008, 07:45 PM   #18
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This may sound incredibly dumb and naive (I've never been much with economics), but it seems that most people I've talked to are going to use this proposed "refund" to pay for the essentials - lights, heat, groceries, credit card debt.....and while that is good for them, I don't see it being a huge stimulus to the economy. The way the heating bills are running here right now, they can easily hit $300/month - so yes, you are paying the gas and electric companies, but if the money has to go to that, it really isn't helping keep people in department stores, restaurants, etc. in a job. That will only work if people are able to use it for "luxuries".....and our economy has been sucking eggs for so long now I don't think that's going to happen much.
Am I just too cynical??
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Old 01-28-2008, 08:13 PM   #19
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no you are mostly right. ECB is correct in her assessment as to what it will do for businesses, but as far as the rest of us... Their hope is that we will use it to splurge on a new DVD player or something... basically putting "new" money into the system. Savings is the worst thing we can do, as far as they are concerned with this, paying bills is the second worst. The best scenario is that people will use it the way they tend to use their IRS refunds... spend it on something splurge-y that they wouldn't normally buy on their day to day budgets.

(btw.... the ideal tax refund is no more than about $100... no matter how much you like that deposit in your account, you have just given the government a interest free loan.)
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Old 01-28-2008, 08:58 PM   #20
saracidaltendencies
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The last thing I saw was the income cut off was $85,000. It may have changed since I last saw, though.

And yeah, just to reinforce what was said above, the LAST thing the government wants us to do is pay off our debt! *GASP* They want us to use that money to splurge, splurge, splurge! HA! Yeah, right, like a whoppin' $1800 (what my family should get) is going to do anything but pay my heating bill and try to pay down my credit card debt.

What irritates me so much about this whole thing is it NEVER would have gotten this bad if things had been kept in check in the first place! This is nothing but a crappy band-aid, a temporary "fix" that, in the long run, really isn't going to make much of a difference. Oh yeah, I forgot I wasn't going to get started....hahaha
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