Author Topic: If this Economic Stimulus Check gets through... (Read 2403 times)

leith · « **on:** January 29, 2008, 10:57:41 pm »

How will you help stimulate the economy?

FrankZappa · « **Reply #1 on:** January 30, 2008, 07:15:00 am »

by putting it into a cd. Bush is an idiot. Still, most people will go out and blow it, which will stimulate the economy. People are idiots too.

Either that or invest it in international markets/gold.

derickw · « **Reply #2 on:** January 30, 2008, 08:18:43 am »

I\'m going to Europe so i\'ll spend it there

^^^ completely counter productive

FrankZappa · « **Reply #3 on:** January 30, 2008, 08:24:07 am »

make sure you fly british airways! :thumbsup:

SlimPickens · « **Reply #4 on:** January 30, 2008, 08:30:23 am »

As much as I\'d like to put it in the bank, my home PC is just about dead.

Any recommendations?

derickw · « **Reply #5 on:** January 30, 2008, 08:34:14 am »

Quote from: FrankZappa;178060

make sure you fly british airways! :thumbsup:

you know how expensive they are..... F that

Yoda · « **Reply #6 on:** January 30, 2008, 08:42:59 am »

Correct me if I\'m wrong, but don\'t you have to earn a minimum of $35k to be elligible for Economic Stimulus Check...that being said, I\'ll probably be spending it on diapers and formula.

derickw · « **Reply #7 on:** January 30, 2008, 09:39:37 am »

Quote from: Yoda;178064

Correct me if I\'m wrong, but don\'t you have to earn a minimum of $35k to be elligible for Economic Stimulus Check...that being said, I\'ll probably be spending it on diapers and formula.

no, i think EVERYONE basically gets a check. 600 a person and another 200 for every kid

Yoda · « **Reply #8 on:** January 30, 2008, 10:05:13 am »

Democrats and the Bush administration say they want to reach a quick agreement so the economic stimulus can be applied quickly to the struggling economy. But any Democratic insistence on covering those who don\'t pay income tax could be a cause of conflict.

The White House, for now, envisions providing one-time rebate checks to people who pay federal income taxes. That would leave out millions of the working poor, who do not make enough to pay income taxes but do pay Social Security and Medicare payroll taxes.

Families of four earning less than $24,900 a year would not get a rebate under the White House approach, said Chad Stone, chief economist at the Center on Budget and Policy Priorities, a research group that focuses on how government programs affect the poor and middle class.

He has estimated that about 22 million households file income tax returns but do not pay that tax because their earnings are so low. An additional 22 million households do not file a return, he said. This group includes many older people on fixed incomes, he said.

Treasury Secretary Henry Paulson has said Bush "is focused on broad-based tax relief for those who are paying taxes." Paulson said that worked in 2001 and 2003.

http://news.google.com/news?hl=en&um=1&resnum=1&ct=title&q=%22Economic+Stimulus+Plan%22+%2B+%22%2435%2C000%22

tyzack · « **Reply #9 on:** January 30, 2008, 10:52:25 am »

Quote from: derickw;178058

I\'m going to Europe so i\'ll spend it there

^^^ completely counter productive

Fly on Iceland Air.

If you are not paying taxes, why get money back?

Second, I think the best idea I heard, which I think was shot down, was to allow business to write off "capital expensese" from their earnings.

This, I believe will encourage them to buy more stuff from other businesses. Those other businesses will make money, hire more people, pay better salaries, etc, etc, and stimulate the ecomony alot more than people buying TVs, couches, food or a fancy dinner.

That being said, if i get a check, it\'ll go in a CD.

Also, a slumping housing market is not bad for everyone. For people like me, who do not know own any property but are looking to buy, it\'s a good thing; houses are getting cheaper.

Jim Cobb · « **Reply #10 on:** January 30, 2008, 10:58:31 am »

chinese microphones for me to mod?

derickw · « **Reply #11 on:** January 30, 2008, 10:58:42 am »

Quote from: tyzack;178105

Quote from: derickw;178058
I\'m going to Europe so i\'ll spend it there

^^^ completely counter productive

Fly on Iceland Air.

If you are not paying taxes, why get money back?

Second, I think the best idea I heard, which I think was shot down, was to allow business to write off "capital expensese" from their earnings.

This, I believe will encourage them to buy more stuff from other businesses. Those other businesses will make money, hire more people, pay better salaries, etc, etc, and stimulate the ecomony alot more than people buying TVs, couches, food or a fancy dinner.

That being said, if i get a check, it\'ll go in a CD.

Also, a slumping housing market is not bad for everyone. For people like me, who do not know own any property but are looking to buy, it\'s a good thing; houses are getting cheaper.

because they supposedly don\'t make enough to actually pay taxes or something like that

iceland air huh, i don\'t think i have even seen them in the search engines like travelosity or one of the others out there

i hope to use the small business thing to buy a new computer this year. small home business expense

a condo a couple doors down from me is selling for like 135 where my girl bought in at like 165.

Vassillios · « **Reply #12 on:** January 30, 2008, 12:15:21 pm »

Isn\'t this only for people who make less than 70k a year? That means ppl are likely to spend it on BS that won\'t stimulate the economy one bit.

Quote from: tyzack;178105

Second, I think the best idea I heard, which I think was shot down, was to allow business to write off "capital expensese" from their earnings.

This, I believe will encourage them to buy more stuff from other businesses. Those other businesses will make money, hire more people, pay better salaries, etc, etc, and stimulate the ecomony alot more than people buying TVs, couches, food or a fancy dinner.

That is really what will stimulate the economy. Jobs are needed to get this economy rolling. That way people feel secure, will begin spending their money to help boost the economy in terms of the BS. But if nobodys got a decent job, then everyone is gonna put their money in CDs. JOB SECURITY. bottom line.

Im still a recent college grad without a real job, can you tell?

tyzack · « **Reply #13 on:** January 30, 2008, 01:05:02 pm »

Quote from: Vassillios;178144

Isn\'t this only for people who make less than 70k a year? That means ppl are likely to spend it on BS that won\'t stimulate the economy one bit.

No, the rebates don\'t "Stop" until 120, but they start going down at 70. There are different limits for couples, along with a max refund if you are poor and have lots of kids.

I think, i have researched this post at all.

Quote from: derickw;178111

iceland air huh, i don\'t think i have even seen them in the search engines like travelosity or one of the others out there
.

http://www.icelandair.com

their cheapest flight for a 2 week trip in june is $832

sallyalli · « **Reply #14 on:** January 30, 2008, 01:29:42 pm »

I would buy a new pair of shoes maybe a northface soft shell or something, then put the rest on my credit cards.