The U.S. economy is going to get a "shot in the arm" with your tax money weather it needs it or not. Congress is working hard to pass legislation that will pay each single person $600 and each couple $1200. Additionally, they are planning on paying each person $300 per child. WHAT???
What will this accomplish? A family vacation? Maybe a big screen TV that the family really needs?
A couple of extra nights going to the movies? Ok, maybe some will use the money for something more important. Possibly some will use it to open a savings account or as a down payment for a home, start a college savings plan for their child, or other types of investments that benefit themselves or their families. I just don't see this solving the record number of foreclosures or any other issue the United States faces.
The total cost to our country for this "stimulation" of our economy is not known. Will it work? I doubt it. I hope so. Checks will be mailed in June. To me this sounds like a great way to buy votes in a presidential election year. Since both parties seem to agree this is a good plan I guess they all will take credit for the check you get. And for the record: YES, I will cash mine. I have been looking at this 42" flat screen tv....
hmmm What a coinsidence. IT is an election year. I thought we were in debt! I would though, rather see the money going to Americans, than to rebuild Iraq, only to have them blow it up again. I hope the money is not sent to the illegal aliens here. Just those of us that follow the rules
Don