Spend it or Save it?

[fireby40]

Driven by a nagging fear that our country will someday be run by someone responsible, I voted 'not retired - save it' on the premise that I might actually be on the hook to repay this borrowed money.

Amazing that people think a problem created in part by fiscal irresponsibility can be solved by more of the same!

[RockOn]

Excellent point! Do people realize the govenment is once again 100% borrowing the funds to pay the rebate? I'll vote for you as president, please run.

fireby40 for 2008! Where do I send my contribution? How do I get involved?

[BUM]

Quote:

Originally Posted by bbbamI Buy a tank of gas and a gallon of milk.

Ding! Ding! We have a winner... 'cause thats about all you're going to get!

[dumpster56]

Quote:

Originally Posted by fireby40 Driven by a nagging fear that our country will someday be run by someone responsible, I voted 'not retired - save it' on the premise that I might actually be on the hook to repay this borrowed money. Amazing that people think a problem created in part by fiscal irresponsibility can be solved by more of the same!

That is why I believe the dow is headed for 8000.

[SecondCor521]

I'd like to change my vote.

It turns out that my son's doctor's children's college fund requires an adenoidectomy. After insurance pays, and subtracting off my former wife's portion, what's left over comes to...you guessed it...$800. Not that I mind...the kid has problems that the surgery should help.

Anyway, not sure if I'm proud that I'm helping the economy out of a recession or ashamed that I'm contributing to the high cost of health care.

2Cor521

[W2R]

Uh-oh, so does this mean that we might have to spend the $800 to help our country get out of a recession?

Guess I had better start shifting into consumer mode...

[Bigritchie]

Quote:

Originally Posted by RockOn Excellent point! Do people realize the govenment is once again 100% borrowing the funds to pay the rebate? I'll vote for you as president, please run. fireby40 for 2008! Where do I send my contribution? How do I get involved?

What pisses me off is that the federal reserve creates this money backed by nothing out of thin air, then loans it to our government which then pays it back with interest, and has to tax us to get that interest.

[martyb]

OK, my bud says the original amount proposed was around $1800 to be rebated to the people who actually pay taxes, but the whiney (I thought better of the term I originally used here and removed it because I don't want to become known as an antagonist) types pizzed & moaned so now EVERYBODY, even those who pay no taxes will get some, meaning the amount will now be maybe $250. I realize he probably is a little off on the actual numbers, but is that basically the gist of the deal? Who believes people that don't pay taxes are entitled to get MY money back? Flame away!

[RockOn]

Helicopter Ben cannot tell who is looking up to the sky with their butterfly nets.

[martyb]

Quote:

Originally Posted by Retire Soon The White House would like to see the rebate go to everyone who filed an income tax return and paid taxes. This would include taxpayers in higher income brackets. The Democrats, however, would like to see everyone who filed an income tax return receive a rebate, regardless of whether they paid little or no taxes. This would mean there would have to be a ceiling on income to subsidize the low income people. Some Democrats have suggested that couples earning more than $85,000 would not qualify for the tax rebate, while others wish to place the maximum at $110,000. washingtonpost.com - nation, world, technology and Washington area news and headlines

If I'd looked a little harder, I'd have seen the above quoted post before I posted my previous post.....lol! However, I stand by the principle that those who pay the taxes should get the rebate.