Just Call Me Unpatriotic

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If you haven’t heard, the government is devising an “economic stimulus package” to jump start the economy. While the details aren’t yet final, it appears that the majority of American workers and retirees will be getting some rebate money from Uncle Sam. The latest figures to be tossed around are $1,000 per couple, $500 per individual and $300 per child.

I am not excited about receiving my rebate check. Why? Why wouldn’t anyone be excited about free money? First of all, I’m very aware that this is not “free” money. Uncle Sam is going to want it back at some point. It’s unclear at this time whether or not we’ll be expected to repor


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8 Responses to Just Call Me Unpatriotic

  1. Christina says:

    I see that what’s blocking the stimulus package from passing is the addition of more funding for disabled and poverty-level families. So we might not have a stimulus package and better yet, we will have no guilt.

    I’ve read that the top quintile of income earners are responsible for 50% of consumer spending. I bet they have enough money, that is, if they haven’t placed interest-only ARMs on Greenwich CT or Beverly Hills CA mansions…

  2. Ann says:

    It seems to me, in an odd sort of way, the people who would “spend money now” would be the elderly (with little income), disabled veterans, (with insufficient income), and those registered with unemployment (with no income). Giving buying power to those who need it? Who would think of such a thing?!

  3. Mike says:

    We are in this situation because the government has “Taught” people how to live beyond their means. If the government can be eyeball deep in debt and still function, why can’t I?

  4. Traciatim says:

    I don’t quite understand why the poverty level families would be getting a rebate cheque. Isn’t it supposed to be a refund on taxes paid? If they aren’t paying taxes, why are they getting it refunded? Pretty soon we’ll be hearing the illegal alien rebate program is holding up it’s launch.

    Also, keep in mind that with a fractional reserve banking system putting your money in the bank to save it will have much more of an effect.

    For instance, say you put $600 in an account at the bank. Now the bank can write loans of at least $6000 to other people for them to pay for their stuff. So by saving it, you’re doing far more than the average person.

  5. I’m with you. I plan to throw mine in the emergency fund too. If I do spend it, it will be for repairs or home maintenance and nothing crazy.

  6. Aleta says:

    Traciatim: Your question about who gets rebate checks is a legitimate one. There are people out there that get earned income credits for their kids from income tax and they don’t work. Our system isn’t right. Those checks are to go to

  7. Aleta says:

    tax payers. I had to start a new message to finish my thoughts. That’s why we have to be careful who we elect that will basically give our country away.

  8. Annie J says:

    We have decided on a compromise. We’ll spend the rebate check on supplies to build a second bathroom in our home. We’ll be buying things we wouldn’t have otherwise purchase (yet) and increasing the value of our home. Seems like a better idea than spending it on unneeded thing-a-ma-jigs.

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