Comments on: Just Call Me Unpatriotic

By: Annie J

Annie J — Thu, 07 Feb 2008 23:38:46 +0000

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.

By: Aleta

Aleta — Thu, 07 Feb 2008 20:05:15 +0000

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.

By: Aleta

Aleta — Thu, 07 Feb 2008 20:03:40 +0000

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

By: SingleGuyMoney

SingleGuyMoney — Thu, 07 Feb 2008 19:26:47 +0000

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.

By: Traciatim

Traciatim — Thu, 07 Feb 2008 19:17:07 +0000

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.

By: Mike

Mike — Thu, 07 Feb 2008 18:44:14 +0000

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?

By: Ann

Ann — Thu, 07 Feb 2008 16:51:03 +0000

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?!

By: Christina

Christina — Thu, 07 Feb 2008 15:44:02 +0000

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…