The federal government absolutely thinks you are a moron..........
The Feds want to give each and every one of you $600.00 as a proposed economic stimulus incentive.
They don't seem to have the 145 Billion dollars that it will cost so they are going to borrow it. (That is correct BORROW IT)
I would like to know who is going to float the people of the United States this loan as our own banks don't want to loan us a dime.
If this money comes from say China and we run out and buy a bunch of crap made in China, WE STILL OWE THEM THE MONEY.....
Handing out checks for $600 in my opinion is the same as giving children your pocket change so they can buy candy. (It's no good for them but will shut them up)
Our government seems unwilling to do the one thing that would have the most impact on the wealth and well being of it's people. "Lower Fuel and Utility Costs"
The cost of fuel {oil} is the one thing that hits everyone in the pocket. I don't care who you are or how much you make. Goods have to get to the stores, people have to get to work, the cable guy has to run his truck to hook you up, and so on.
If the countries of the world that really want to make money from the US cash cow,please help us lower our fuel costs. If they hand out $600 to every citizen it will be spent by most on crap in less than 1 month. What is the 60 day plan? There isn't one.
The problem is that you are going to take this high interest $600 loan if you want it or not. You will never have to make a payment because they will just take it out of your paycheck later.
If they could lower fuel costs by say $1.00 almost all of us would save way more than $600. Food and services costs could come back closer to most peoples income levels and would provide a better long term solution.
The bonus for them is that you really would have more money to spend on crap.......
Sunday
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