Everybody's talking about the tax rebate that we're supposedly going to receive. It seems that very few people think that it's a big deal. Does anyone really believe it's going to "stimulate the economy"? What exactly does that mean anyway? Once the economy is "stimulated" then what? Will the national debt go down? Will the price of oil and gasoline go down? What?
Most of the people I talk to are going to use their rebate (if we get it) to pay down debt. That's how I plan to use mine. My local newspaper surveyed people over the weekend and many of them said the same thing: pay bills. If the majority uses the rebate to pay bills, will the economy be stimulated? I've only heard one person say the he would buy a Nintendo Wii with his rebate. I was shocked. I shouted at him, "No! No! No!" I think he thought I was a lunatic.
My state governor and lawmakers want to stimulate the state's economy. I don't think we're getting a rebate, but they believe we need a tax break. It appears that the politicians can't agree on exactly what to do.
What about your state? Is your state government trying to ease your financial burden?
Wednesday, January 30, 2008
Everybody's Talking
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2 comments:
This ties to the idea that we can better spend out money than the government. Since the Consumer market is 1/3 of the economy they are right.
My guess is that they are banking on x being used to pay down debt, so they inflated to Y.
But unfortunately, so many pay oof the cards and recharge, they will get most of it out isn purchases!
You're probably right. Those who plan to use it to pay down cc debt will just recharge totally defeating the purpose of paying down the debt. Oh, how I remember that vicious cycle.
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