How about that Economic Stimulus package! Everybody looking forward to that free $600? You should, you'll be paying it back next year.
Yep, that's right. You're not getting money from the government. You're getting money from yourself.
The stimulus is actually a tax rebate. Your tax rebate. What we usually call, at this time of the year, a tax refund. This stimulus package is an advance on next years tax refund. So you'll be spending next years refund, leaving you with that much less next year.
Now if you think about it, what stimulates the economy will depress it next year. Afterall, you've got an extra $600 this year, and you'll have $600 less next year.
Still seem like a good idea?
Another fun note that others have brought up.
Most people polled will not be using the money to stimulate the economy. They're going to use it to pay off the debt that they incurred while the economy was tanking. Explain that one. They've already spent the money and it did nothing to help, how is paying that money to pay off credit cards going to help?
So now you can pay down your credit cards and then run them back up to help the economy. But it didn't help the first time, I'm not going to hold my breath this time.
Need I bring up my feelings on politicians and their answers to important issues?
