Kicker774 wrote:The Stimulus plan is absolute BS.
$600 won't do squat those who are behind on their mortage.
The sub-prime melt down is the biggest reason the economy's been tanking in the first place.
Just watch, that next door neighbor that's in credit card debt and months behind on his mortage will go straight out to Best Buy.
Not only will he buy a High Def TV but he'll take the $600 and put the other $400 on his credit card.
This is a great short-term bail-out for the retail sector but that's not the reason for our economic mess right now.
As Jim Cramer put it best:
THEY KNOW NOTHING!!
myownsatellite wrote:Kicker774 wrote:The Stimulus plan is absolute BS.
$600 won't do squat those who are behind on their mortage.
The sub-prime melt down is the biggest reason the economy's been tanking in the first place.
Just watch, that next door neighbor that's in credit card debt and months behind on his mortage will go straight out to Best Buy.
Not only will he buy a High Def TV but he'll take the $600 and put the other $400 on his credit card.
This is a great short-term bail-out for the retail sector but that's not the reason for our economic mess right now.
As Jim Cramer put it best:
THEY KNOW NOTHING!!
Well, if you don't want your $600, you can just mail me your check and I'll gladly take it off your hands.
myownsatellite wrote:This tax cut is not going to the wealthy, nor is it going to those lazy people who do not work. It is going to the working class. If you paid income tax, you get this tax refund. If you did not pay income tax then you don't get nearly as much. If you do not have an income, you do not get this tax break. It's as simple as that. I don't see how this translates to "be lazy, get paid."
myownsatellite wrote:And if they need food stamps they are most likely not making any sort of income and therefore will not be eligible for this tax break.
Also, last I checked, you are NOT ABLE to purchase lottery tickets or alcohol with food stamps.
myownsatellite wrote:Also, last I checked, you are NOT ABLE to purchase lottery tickets or alcohol with food stamps.
Kicker774 wrote:So what happens when those $600 dollars run out?
We're right back where we started and the government has X many billion less dollars in the coffers.
This will not help the economy in the long run.
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