Where is this $150,000,000,000.00 “economic stimulus package” coming from? Let’s make this really clear. The United States government does not have any money. On the contrary, the national debt now stands at $9.2 trillion dollars, which is more than 61 times more than the “package.” So, as they don’t have the money to give, those $600 checks they plan to mail out this spring will literally comprise just printing money.
Its coming from retirement…so again the people younger than the baby boomer age are getting screwed!!!
Comment by BMW BFD — April 27, 2009 @ 12:42 am
Its a Band aid that probably wont work immediately, but it should help us in the next year or so. As far as National Debt, we always have a huge national debt. its always going to be their
Comment by CRSP — April 29, 2009 @ 6:42 pm
Print money, then hand it out. Everyone gets $600 so they are really happy. Then there is extra inflation for the $150,000,000,000.00 of printed money, but do you think Average Joe Idiot cares about inflation? NO! Average Joe Idiot cannot even define inflation. What he knows is he got $600 and bought a TV which will be junk in three years anyway.
Comment by Sammy B — May 2, 2009 @ 1:57 pm
It will be a short term boost. Many people won’t spend it some will pay down old debt but many will blow it all before they even get it.
Comment by shiprepairwoman — May 4, 2009 @ 1:29 pm
Bush ( which by the way is Greek for dumbass) wants to borrow the money from China. Then he wants us to go to Walmart and spend the money on goods produced, once again in China.
Comment by TIMOTHY H — May 5, 2009 @ 4:03 pm
NO, it will not make any difference! Lets face it, we have a huge debt now, and this is just going to make it worse, like putting a bandaid on a gushing wound. But that is what happens when you put a republican in the white house. They want you to go out and spend spend spend, just like they do. Personally, I’m going to put it in the bank, so that when next years taxes rolls around, it will be there to give back to them.
Comment by marie42p — May 6, 2009 @ 5:09 am