What are you going to do with your economic stimulus check?

Danaus29 · #21 01/29/08, 10:35 PM

We're going to put ours into savings. We sure didn't get $1,200 back last year and won't get it this year either. So we'll probably end up having to pay some sort of economic tax rebate penalty because of it. Plus dd is still a dependent for this tax season, hopefully won't be next tax season (she had a job interview yesterday).

Ernie · #22 01/29/08, 10:48 PM

According to NPR tonight, if you and your spouse have a combined income of greater than $75k then you won't be getting a rebate check. The House lumped you into the same category of "filthy rich" as Bill Gates. However even if you didn't pay any income tax, you still will get a rebate.

How nice of them. Congress sure is generous with our money.

james dilley · #23 01/29/08, 10:53 PM

I DON'T want it!!!! Can any body understyand that! why run the Deficit up???????????????????????????????????????????????

nathan104 · #24 01/29/08, 11:05 PM

Quote:

Originally Posted by james dilley

I DON'T want it!!!! Can any body understyand that! why run the Deficit up???????????????????????????????????????????????

Im sending you a PM with my mailing address. When you get yours in, please just sign the back of it and mail it to me. Ill take care of that bad ol check for you.

nathan104 · #25 01/29/08, 11:05 PM

Quote:

Originally Posted by Farmerwilly2

I posted the same answer on another thread:
Food
Bullets
Clothing
and if any is left over
Boots
In that order.

You forgot seeds...

DC_Hound · #26 01/29/08, 11:10 PM

Quote:

I wonder what kind of venture i can put that towards and get a decent return.

Buy gold!

Quint · #27 01/30/08, 01:11 AM

Spend it all on wine and hookers.

quadcam79 · #28 01/30/08, 01:16 AM

Quote:

Originally Posted by Quint

Spend it all on wine and hookers.

now see that sounds like a good plan for stimulation LOL

Ole Man Legrand · #29 01/30/08, 01:43 AM

Pay It On My Quartely Income Tax As Far As It Will Go.

tanksoldier · #30 01/30/08, 02:35 AM

IF the economy turns around there will be more income to the govt than they are paying out. Generally speaking tax cuts actually increase govt revenue, to a point, over the long run. More buying and selling means bigger paychecks and more people employed so more people to tax.

The question here is whether it's enough and whether it's targeted at the right segment of society to have the desired effect.

Since we have little revolving debt I'll probably go out and buy another gun.

Cindy in NY · #31 01/30/08, 07:29 AM

Quote:

Originally Posted by Ernie

That's unAmerican.

I too, will express some civil disobedience and put mine to a good use. The economy can go stimulate itself.

Yes Ernie, I guess it is un-american to save for projects we want to do rather than take out a loan or put it on a credit card!!

Right now, I'm saving for a new roof.

crafty2002 · #32 01/30/08, 08:02 AM

I am going to use it to stimulate "MY ECONOMICS.

#1:::: Finish my saw mill.
#2:::: Build A HUGE CHICKEN TRACTOR, (read that as 25' x 50' with two floors) :baby04:
#3:::: 300 day old Cornish crosses.
#4:::: Seeds for four 50' rows about 500 feet long of chicken feed.

These Cornish Crosses are going to learn to eat what they have to eat on or starve to death. I had to. They can too. My money says they will eat and grow and not have heart attacks nor broken legs.

If I could only be so lucky. Child support will take mine. They rob me every year so why should this be any different????????????????????????

Dennis

**Cabin Fever** · #33 01/30/08, 08:08 AM

IF I WERE THE GOVERNMENT:

What I would do is give everyone who qualifies a special "credit card" for their rebate instead of a check. The card would be a "smart card." It could only be used to purchase products and goods that are made in the USA. The card would not accept charges from paying off debts, or savings deposits, or purchasing foreign-made products, etc.

RedTartan · #34 01/30/08, 08:11 AM

I'm using mine to pay my taxes...

RedTartan

veme · #35 01/30/08, 08:12 AM

I'm going to finish some projects that will help us weather the economic crash that the "stimulus" is only delaying.

teresab · #36 01/30/08, 08:15 AM

Quote:

Originally Posted by Wind in Her Hair

I don't know ANY wife who doesn't work -only ones who don't get appreciated enough to earn paychecks.

AMEN, WIHH!!!

TNnative · #37 01/30/08, 08:22 AM

Well, I was going to use mine to pay off some bills and possibly make some improvements around the place (upgrading fencing). However, since the transmission went out in my van this weekend, I guess the money will go to help pay for my new transmission.

Jim S. · #38 01/30/08, 08:43 AM

I'm going to use it to make an additional early payment on my back acreage, to help get it all paid off before the worst of the recession hits. I think I can make it. I would hate to lose the entire farm for a small amount left to pay on that back land, but if I lose my job during the coming storm, that could happen. Get the land paid off, and I am totally debt free. That's the goal.

Jim S. · #39 01/30/08, 08:49 AM

Cabin Fever, if I were the government, I would use that money for infrastructure improvements. By doing so, the cash would turn over many times in the US economy, and we would be using dollars we borrowed from China to improve our own roads, bridges, public buildings and other public assets. The money would go to wages and materials, and to profits for the contracting companies.

This direct giveaway is lunacy. Any cash not used to pay down debt (which is using current capital for past purchases, which does not promote further consumption) will cycle out of our US economy rapidly. We're propping the importers and foreign countries, since we have lost the ability to make most of our own stuff.

I'd invest that money in America. It would not be hard, either, since there is a backlog of projects waiting for funding, but otherwise ready to go.

Oh well.

AJ Williams · #40 01/30/08, 08:50 AM

Invest it back into mine and the DW's new homestead. Might be the start of a new barn.