Stimulus Check

[AAlmeter]

Originally Posted by MiamiE

The majority are going to take that money and throw it in to pay off debt. Where does that lead to? Not much stimulating of the economy I think.

Yeppers. But it gives those receiving the checks the warm and tinglies, and that's what this "recovery act" is all about...always a nice feeling to get a small portion of the money you made back after someone else takes it.


Large-scale across the board tax cuts (because a recession is not the time for class envy squabbles) and capital gain cuts will provide both the stimulus for short term and the long term foundation for economic growth. BUT, its tough to get reelected on that platform.

My big fear, besides my current unemployed status, is the inflation that is likely to hit before the next presidential election, when much of the spending is slated to take place....especially now that China is no longer buying our paper.