What's this free 900 dollars from the government I keep hearing about?

SO this dude at work told me the government is going to give us 800-900 dollars so we can spend...Um Yeah my mom claims it's real too. So is it going to be something added to our tax refund or just out of the blue. WHAT THE HELL is exactly going on. I have 2 jobs, I'm 22 and I'd love 800 bucks...

 

its gunna fix the economy
yes its true

 

how much more sarcasm can you muster?

 

well depending on the situation ,,, plenty

however for this situation i figured that was about enough

 

Its still a PROPOSAL no details yet, other than the amount.
The requirements will most likely be incomes less than
65k single
100k joint

As proposed its a rebate on taxes.

Didnt the rebate of 2001 require atleast 6k in taxable income?

 

Eh, the U.S. national debt is around $ 9 trillion dollars and rising.


Where do they think the money is going to come from?

You guessed it, from more borrowings, a huge part of it, from foreign governments.

More borrowings, mean more interest payments.

Thanks to 8 years of Bush and Neo-Con stupidity and gross mismanagement, this ship is sinking fast and most people either don't get it or are in denial.

Meanwhile, Bush is requesting billions more to fund his stupid military adventures in Iraq and Afghanistan, while the economy is in a hole and the dollar sinks.

Not to worry, all we have to do is let Huckleberry Hickhillbillie and the Christian Bible thumpers will lead the nation in prayer and everything will be all right.

 

The only economy these rebates will help is China's after everyone spends them at Walmart. The real way to fix the economy is to give big manufacturing companies tax incentives to keep their production domestic.

 

here is a sobering number

one trillion dollars $ 2,739,726,027 a day that is 2 billion 739 million dollars a day and that is "just" 1 trillion

I have no idea where bush is getting the money, this country (USA) is fucked ... totally, completely and most assuredly fucked. I apologize to the younger generation(s) for the messed up world my generation (bush included) has left the place.

 

it goes a lot further back than bush... as much as many of us would like to place sole blame on him...

this fun money... i mean fix it money will also cause 35 states to lose approximately 4 billion dollars because of state/ federal ties... sooooooooo ,how r the states going to make up for that loss except thru raising taxes n cutting services. What a fix!

While it will put some more money in the pockets of many,(for a few days ) it will add about $150 billion or more to the deficit. And that could cost you more as the dollar drops in value.

This will push the belly flop we are headed toward into 2009 if people actually spend it on buying new things rather than paying off or down a bill or two though which is truly what its all really about and makes them all look like they care a little bit..

Wouldnt an acceleration of ready-to-go construction projects that will put Americans to work making desperately needed repairs to U.S. schools, bridges, roads, and sewage treatment infrastructure been a better option rather than a few hundred bux to folks?

 

Perfectly put...the people who even support Bush and want to nuke all the arabs and bomb theim into the stone age should still support an anti-war stance at the very least just out of selfishness. They want to kill all the arabs but they still want to live comforatably and out of their means, if wars in arab countries are causing their standard of living to go down, they should want to prevent them. But these type of people are so stupid and ignorant to ever understand this concept.

 

Basically the us government is in terrible shape you have a awful trade balance partly through years of importing oil , and importing plastic pumpkins from china.

The dollar is losing its place as reserve currency and because of the amount of debt you have its losing its value at a fast rate .
The only thing that keeps the us economy going is more spending but eventually the whole things going to go it may be next week in may be two years but thats definate.

at present if you took all the assets in america sold everything you owe about three americas .
added to this we are just about world peak oil production which is awful news for the usa as youve set up your society based on the car and without oil your screwed .
my serious advice to any american or anyone reading this is store food , get some gold because if the dollar collapses it may take down most if not all paper currencys.
if I was in the usa Id get a gun .
Id try to get myself out of debt and if you can grow food and live somewhere you dont need a car somewhere you can walk or ride a bike or horse.

foods only going to go up and even if its just a depression thats something you wont have to buy, it only costs a few hundred dollars to get a years supply of food if you buy things like oil rice honey wheat salt beans oats you dont need to spend a fortune .
if Im wrong you havent lost anything by listening to me, best of luck

and this hand out is just going to put off the day of judgement a bit maybe? but its a sign to anyone to get ready for serious trouble


oh yes avoid if you can places like la or big citys that might turn to rioting in really bad times , if you can live somewhere you and your neighbours could feed themselves and get things like water

 

I have no idea what this means or how you calculated it.

No, if the world's going to end you should borrow every last cent you can because nobody's going to collect it if the world collapses.

 

This is a re-post of a comment I made in another thread. I thought it would have a better chance at being read in this forum:

"Eh. The whole idea around giving the average joe $600 (I heard $300 up here in the north) is to give the masses a cash influx to spend again.

It's a way of getting people to consume, and thus jump start the economy. Basically it's a trick. Give people money and they won't be smart enough to save any of it. There's the rub. Shameful what Congress thinks of the American people. It's disgusting what the House full of Democrats passes, as if totally bulldozed over by Republican policies."

One thing that really bothered me, is that Bush did not want to give cash handouts originally to people living below or close to the poverty line when the initiative was brought up around his table talks. He was going to give the cash to middle/upper class citizens and forget all about working class people. It bothers me that people don't seem to bat an eye at such a motif coming from the president.

 

Or wont be in a position to save it , ie; bill's, food .

If they were smart they wouldnt be giving the government a interest free loan for a year.

Sorrry if the truth hurt's , but ALOT of Americans live beyond their means, congress knows this."A fool and his money are soon parted" couldnt be more true.

Really, i would like to read that article, any links???

 

I heard that giving the tax cuts to the rich (upper class) means they will spend it more on American investments whereas the poor might save it or buy Chinese made bullshit?

I'm poor so its fucked up, but is Bush's logic fucked up? (if its like I said previously?) and remember, a prez gotta think about America as a whole not as a single person!!!

 

They get the money, and they spend it. How is this getting "tricked"?

How is jump starting the economy "shameful"?

 

Sigh, if there is no conspiracy then I don't know what the fuck is going on.

Conspiracy, or people being dense idiots?

Can't decide.

 

they spend it on more imports ....and its shameful because it wont work and its borrowed money and america is in massive debt which is part of the reason the countrys in trouble in the first place .

the whole things going to crash , as for whether its better to run up more debt that depends on how fast the crash is and how hard if its slow being out of debt would be better in that the new slaves could be the people in debt .

 

Why does the government want the American people to spend more money on junk and 'stuff'? Is that really the best strategy to help boost the economy? Consume more stuff?

I hardly see it as a viable solution, and it's tricking the American people to think that it will.

How is it going to help relieve the struggle on homeowners with their spiked sub-prime rate mortgages? It's not.

It's shameful to assume that the American people are going to spend their money to buy more junk and expect things to improve because of it. That's just my opinion.

 

That's what the economy is about, people spending money on junk and stuff. Who knows maybe some of them will spend it on a gym membership and slim their fat asses down.

Yes, when there is a clear danger of an imminent slowdown, it is a good idea to try to boost consumption.

It might work, it might not. Its not expected to be a solution, its just part of a policy response (like lower interest rates) which will hopefully limit the scope and length of the downturn. That's all.

How is giving money to people going to help them make their mortgage payments? They use the money to make payments!

Almost any country facing a slowdown or recession would do the same. Its a pretty standard response.