Are You Kidding Me?
I really don't think that the tax rebate which is in the works will help to stimulate the economy. It's an extremely short-term fix and the amount is minuscule. We're not sliding towards a recession. I believe that we've been in one for some time now. There is constant news of businesses closing and bankruptcy filings and there seem to be incessant rumors of new layoffs.
Jobs are really hard to come by even if you have an education. From what I'm seeing, employers aren't giving raises; they are slashing benefits. Oh, my blood is boiling!!! The cost of gas, oil, food, and everything else seems to be rising constantly. How are people supposed to make a living? I'm paying almost $75.00 per week for heat!
Okay, I'll stop my rant now. Do you think the rebate will help our economy? If you live live in the United States and think you'll be getting a rebate, what will you do with yours? I created a poll to get you all to vote. I tried to put the poll in this post, but it didn't work, so it's on my right sidebar. Let me know what you think in the comments too!
Needless to say, I will not be spending any possible tax rebate on anything much. There are tons of things I'd love to buy. More than anything, I'd love to take a trip, but that will have to wait until I can pay some bills down and add to my savings. I could be taking some trips this summer. We'll see.
By the way, I was lucky enough to win my office football pool. That was pretty fun and unexpected considering I know nothing about football. I baked some World Peace Cookies for my co-workers to celebrate the win. But I put most of the money in my savings.
*Updated 1/28/08* I've closed the blog poll. Not many of us voted, but those who did, I thank you very much! 80% will use it towards paying bills. 20% will save it.
Nobody plans to spend with wild abandon. That's about what I thought. So much for this rebate revitalizing the economy.
*Updated 7/30/2010* I knew we were in a recession back then. And according to this article, the recession was deeper than the government previously thought. Unfortunately, I don't think we can talk about the recession in the past tense. We're still in it. *sigh*
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Congratulations on winning the pool, good for you!:)
Have a great weekend, see you Monday. I posted Risotto and Calzones today if you want to try in the weekend.Enjoy!:)
Better they bring the troops home, cease their wasteful war spending, and put some money back into the economy that way.
I would have to agree with the above three. What I would like to know is how did you pull off the office football pool. The fellows must have been scratching their heads (lol). Great Job!
Dezel
I think any money taken from the government and put back into people's pockets is a good thing. Almost all of us know how to spend our own money better than the government does.
bipolarlawyercook - I hear ya!
cynthia - Then unfortunately I think you're going to need a lot of tissues down there.
suldog - But they are taking the money from us! My understanding is that the compromise for the rebate was that Congress is now NOT going to extend unemployment benefits beyond the 26 weeks and they are not going to increase food stamps either. So people who needed that money yesterday for rent, heat, and food are not going to get it. How many more people are going to end up going homeless because of this? The thought of this makes me so angry!! Peoples lives are being toyed with!
I have been on a saving kick for about the last 6 months.
I cut out a lot of unnecessary things, like cable, going out to lunch at work, etc. So as soon as this rebate comes my way it's going in the bank!
And I paid $53 dollars for heat last month and I have been complaining since. But I'm not complaining anymore.
Gee whiz $75 a week! That is so expensive, do you use heating oil?
I heard (Hugo) Chavez was selling heating oil at a discount. I'm sure he was doing it to make Bush look bad but who cares, cheap heat is cheap heat.
nance - I do remember that rebate from before. The whole thing just doesn't make sense. I guess they never learn.
Please take a look at our web site http://liberal.democratz.org
I hope you find it interesting and will make some phone calls.
the "economic stimulus package" is too little and way too late... like you said, i believe we've been in a recession for a couple of months already!
and to top it off, the people who pay the most taxes (like my family) don't get a rebate, yet people who didn't pay any taxes, get one... go figure!