How are you going to spend your rebate check to “help” get us out of a recession (don’t forget it is the patriotic duty of every American to spend us to greener pastures)?
If you have no credit card debt, pay down some other debt, other than your mortgage.
If you have no debt to pay down, make a contribution to your IRA.
If you are maxed out on your IRA, set the money aside in a special bank account for your next car repair or new tires. This way, you can avoid charging this to your credit card. If you can get an extra year out of your car, you can defer purchasing a new car for another year. (Do this for the next five years. Then buy a used car.)[/i]
As for me, I am going to pay down some of my student loan debt -- $26K to go.
Stimulate that bishes!
Does anyone actually think the stimulus package is going to do anything? I’m not trying to be a smart-ass, because I don’t really know much about economics, but it seems to me to be a ridiculous idea.
[quote]swordthrower wrote:
Does anyone actually think the stimulus package is going to do anything? I’m not trying to be a smart-ass, because I don’t really know much about economics, but it seems to me to be a ridiculous idea.[/quote]
It is. Taxing people and then giving some money back is ludicrous.
[quote]swordthrower wrote:
Does anyone actually think the stimulus package is going to do anything? I’m not trying to be a smart-ass, because I don’t really know much about economics, but it seems to me to be a ridiculous idea.[/quote]
Money in your pocket is a good thing; the fact that it is borrowed from us to begin with is, indeed, the ridiculous part.
If $600/person is good for the economy then surely $1 million/person is even better, right?
How are you going to spend your rebate check to “help” get us out of a recession (don’t forget it is the patriotic duty of every American to spend us to greener pastures)?
If you have no credit card debt, pay down some other debt, other than your mortgage.
If you have no debt to pay down, make a contribution to your IRA.
If you are maxed out on your IRA, set the money aside in a special bank account for your next car repair or new tires. This way, you can avoid charging this to your credit card. If you can get an extra year out of your car, you can defer purchasing a new car for another year. (Do this for the next five years. Then buy a used car.)[/i]
As for me, I am going to pay down some of my student loan debt -- $26K to go.
Stimulate that bishes![/quote]
Actually, it helps me greatly house painting and other repairs, braces, etc. Some will go in to savings but most is going in to circulation.
[quote]pat wrote:
Actually, it helps me greatly house painting and other repairs, braces, etc. Some will go in to savings but most is going in to circulation.[/quote]
Of course it helps you. The question is that does it help the economy as a whole?
[quote]LIFTICVSMAXIMVS wrote:
pat wrote:
Actually, it helps me greatly house painting and other repairs, braces, etc. Some will go in to savings but most is going in to circulation.
Of course it helps you. The question is that does it help the economy as a whole?[/quote]
It helps individuals. There is no such thing as an economy as a whole. You, of all people on this board, should know that.
[quote]Zap Branigan wrote:
It helps individuals. There is no such thing as an economy as a whole. You, of all people on this board, should know that. [/quote]
It was a trick question.
Will consumer spending spurned by this “stimulus” package slow the recession?
[quote]LIFTICVSMAXIMVS wrote:
Zap Branigan wrote:
It helps individuals. There is no such thing as an economy as a whole. You, of all people on this board, should know that.
It was a trick question.
Will consumer spending spurned by this “stimulus” package slow the recession? [/quote]
[quote]btm62 wrote:
Thanks and not debt free. Getting married. (Also known as paying for sex the legal way, oh wait that’s dating. Marriage is paying and no sex.)
Holy Hell!
Doin the Dave Ramsey thang for the debt right now.
[/quote]
Ah, a cult member.
I’ll (hopefully) be down to just a student loan by the end of this year.
49 debts paid off. Yes 49. (And it is actually more then that, but that was when I started keeping track.) Most of these were medical bills. (Gee, after all these tests, we still don’t know what’s wrong with you… Here’s your bill.)
As far as the “stimulus” check, I have heard one financial “expert”, who seems to know his stuff, support the stimulus as basic Keynesian economics.
Though personally I think they could have simply done it as a cut throughout the year through lower takeout on wages instead of shipping everyone a check.
[quote]The Mage wrote:
…
As far as the “stimulus” check, I have heard one financial “expert”, who seems to know his stuff, support the stimulus as basic Keynesian economics. …[/quote]
Basic Keynes prior to game theory. The problem is that if people are worried about not having enough money, they’re going to hoard a one-time windfall payment, not spend it.
