What will you do with the Economy Boost money?
GlassJaw
Hero
kenobi65 said:
Yeah, they want people to spend, which is one of the main reasons why our economy sucks to begin with. People overspend what they can afford and default on loans, etc. Great way to encourage fiscal responsibility. I'd rather the government keep the money and pay off the national debt and try to get the dollar's value out of the crapper.
Einan, are you hiring any contractors (esp. lawyers) or other minions for your death star? If so, look me up!
Pbartender
First Post
kenobi65 said:
As far as paying down debt goes, look at it this way...
If I use the $1800 the U.S. government is giving me, to pay off a credit card bill, then that'll equate to more than $150 per month for the next year that I get to use to stimulate the economy on a slow and steady basis, instead of throwing it away on credit card payments. Or, for a lot of people, it means a credit card that now has $1800 worth of space on it that can be used to buy something.
Either way, it stimulates the economy, it simply depends on what rate the consumer is applying that stimulation.
Michael Silverbane
Adventurer
I'm going to spend mine on stuff... which is what they want me to do with it. I have no real debt, to speak of, so this is one hundred percent bonus money, for me.
Later
silver
Later
silver
kenobi65 said:
Yes, but then they should give me the money in a form that I need to use now, or not at all (say, a $600 Visa gift card with a one-month expiration date).
And, honestly - my wife and I have pumped hundreds of thousands of dollars into the economy when we bought a house this year. My obligation to stimulate should darn well be considered met.
cignus_pfaccari
First Post
Pbartender said:
Precisely.
Mine's going toward my credit card. Not only will it reduce my interest payments (and, honestly, get it just about paid off anyway), but it means the bank has that much more money back to lend out.
Brad
Umbran said:...The other way to look at is that some of us have spent quite a bit already stimulating the economy. We're already ahead of the game
This is what I was going to do with it... but it looks like I will be paying for a decent Kindergarten education for my third child since //poorly disguised edit of my feelings toward the government's failure of all public school systems//.
Back eight years ago I was hurt. To save our home, we got a second (an Equity Account), so that we could make payment, pay for doctors, etc. That was run up to over a hundred thousand dollars over the course of three years.
My settlement came and did little to dent that.
Work was hard to find, but I managed to cut it nearly in half.
Our daughter came and I am staying home to raise her, but as we found back eight years ago, the wife makes a lot but she can not keep up afloat. The equity account is once again saving us and strangling us. The promised check will be little more then a monthly payment.
Sure wish there was a way for parents to make it financially without having the put the kid in someone else's care (and thus be raised by strangers) in the modern age.
Oh, well...
My settlement came and did little to dent that.
Work was hard to find, but I managed to cut it nearly in half.
Our daughter came and I am staying home to raise her, but as we found back eight years ago, the wife makes a lot but she can not keep up afloat. The equity account is once again saving us and strangling us. The promised check will be little more then a monthly payment.
Sure wish there was a way for parents to make it financially without having the put the kid in someone else's care (and thus be raised by strangers) in the modern age.
Oh, well...
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