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john_denver

Federal Tax Break - Stimulus Plan Poll

Federal Tax Break - Stimulus Plan   99 members have voted

  1. 1. If given a $800 tax rebate ($1600 for a married couple), what would you do with it?

    • Save or invest all of it.
      23
    • Spend all of it.
      12
    • Save/invest part...spend part of it.
      27
    • Pay down debt.
      35
    • Other
      2

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136 posts in this topic


How 'bout a fourth category? "Pay down debt"! (I'm thinkin' student loans. :wacko: )

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How 'bout a fourth category? "Pay down debt"! (I'm thinkin' student loans. :wacko: )

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How 'bout a fourth category? "Pay down debt"! (I'm thinkin' student loans. :wacko: )

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Added. I also try to add an "other" category too on these polls because it's hard to think of everything. :)

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Another point from Bernanke

Federal Reserve Chairman Ben Bernanke entered the stimulus debate Thursday, endorsing the idea of putting money into the hands of those who would spend it quickly and boost the flagging economy.

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If this happens there is talk that individuals that earn $85k+ a year, and couples who earn $110k+ a year would not be eligible. The exclusion sounds appropriate considering our huge national debt!

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Well Wall Street wasn't impressed. The market didn't even hesitate in its downward slide today after the speech. Saving or paying down debt is a good decision for an individual but at the macro level it isn't going to goose the economy. The rebate ought to be in the form of a gift certificate to Meijer with an expiration date of say June 1. (Except maybe if you live in Acme.)

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Well Wall Street wasn't impressed. The market didn't even hesitate in its downward slide today after the speech. Saving or paying down debt is a good decision for an individual but at the macro level it isn't going to goose the economy. The rebate ought to be in the form of a gift certificate to Meijer with an expiration date of say June 1. (Except maybe if you live in Acme.)

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Actually, it will come from the elimination of the 10% tax bracket. You will be refunded this amount.

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I'll be investing mine most likely. It's a total waste, but if they're going to hand it to me I won't refuse. Why try to head off a recession? The sooner it comes the sooner we can get out of it.

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I'm going to clown walk down the street in a tux, monocle, top hat and pass out singles all the while singing ABBA's "Money," possibly The O'Jays.

Seriously, I voted to save or invest all of it.

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I'll be investing mine most likely. It's a total waste, but if they're going to hand it to me I won't refuse. Why try to head off a recession? The sooner it comes the sooner we can get out of it.

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It will be nice to have a few extra quid in our pockets. But long term wise, this is a flash in the pan. The real issue is that we Americans need to stop living beyond our means. We need to stop buying 1 million sq. ft. McMansions. We need to move away from an auto-centric life style. We need to stop our disposable lifestyles meaning the habit of buying something like an iPod, TV, a car and only have it for less than five years before moving to something newer regardless of if what we own is worn out or not. Instead we should demand products that are able to stand the test of time. If we buy something and not have to worry about it quickly wearing out or becoming obsolete as soon as we get it home, that would save a boat load of money right there. Most of all we Americans need to learn how to live within or means again. That means throwing away credit cards and not getting so many unnecessary loans. If you can't get something via cash, check, debit card, or layaway, you don't need it. If you can't afford that giant $2500 flat screen HDTV, you don't want it. In short we Americans need to stop living lavish lifestyles we simply can't afford.

As for our government. The first thing that needs to happen is getting rid of all the idiots in office right not and replace them with people willing and capable of administrating this nation and setting up a legislative and regulatory environment conducive to prosperity for both businesses and people. We don't have this right now because the politicians in office now are incompetent and have proven time and again they are not up to the task of running a nation-state let alone the most powerful and influential one in human history.

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I

As for our government. The first thing that needs to happen is getting rid of all the idiots in office right not and replace them with people willing and capable of administrating this nation and setting up a legislative and regulatory environment conducive to prosperity for both businesses and people. We don't have this right now because the politicians in office now are incompetent and have proven time and again they are not up to the task of running a nation-state let alone the most powerful and influential one in human history.

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I'm going to change my name to "None of the Above", run for office and win by a landslide :yahoo:

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But how would you insure that your name is at the bottom of the ballot? Perhaps, "None of these other idiots"?

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I'm going to change my name to "None of the Above", run for office and win by a landslide :yahoo:

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