That's ALOT of strippers

Well, give me $12,000 and unemployment will be eliminated.

I'll send mine to Citibank in six separate installments so they'll hire more people to process it.

Gee, that's only $280k per job. Sounds like sound economic policy to me.

...in China.

Everybody I know is either planning on paying off debt or adding to investment(in my case,IRA).

"Stimulus"

you keep using that word. i do not think it means what you think it means

baka-san: Everybody I know is either planning on paying off debt or adding to investment(in my case,IRA).

"Stimulus"

you keep using that word. i do not think it means what you think it means

People will spend it on crap. That's the American way. If I were the Sam's Club, I'd be stocking up on big screens right about now.

baka-san: Everybody I know is either planning on paying off debt or adding to investment(in my case,IRA).

People you know are smarter than most Americans. I guarantee you, Wal Mart will run a sale on TVs.

and my brother will buy one, even though his debt is insane :(

Three Crooked Squirrels:

People will spend it on crap. That's the American way. If I were the Sam's Club, I'd be stocking up on big screens right about now.

Even my cleaning lady is planing on using it on an extra car payment

/don't look at me like that, it's either lawn service or having my house cleaned
//and I hate mopping

baka-san:

Even my cleaning lady is planing on using it on an extra car payment

I'm not saying that people aren't planning on using it to pay down debt, save or invest. I'm saying that what Americans plan to do with their money and what they actually do with their money is often very different.

I plan on buying an 8 ball.

/not really

Three Crooked Squirrels: People will spend it on crap. That's the American way. If I were the Sam's Club, I'd be stocking up on big screens right about now.

I think the retail sector shares your viewpoint.
Link (new window)

This stimulus package will only work if there are people stupid enough to go out and buy stuff with it.

The in-laws are planning on getting a Wii with the money instead of putting the money towards their debts. I better not hear them whine anymore about having no savings.

Ryan2065: This stimulus package will only work if there are people stupid enough to go out and buy stuff with it.

I don't have any debt...

And I'm buying an energy efficient Washer and Dryer.

I'll be using it to make a dent in the amount of money owed to the state to get my driver's license back.

The word is, the checks start coming in April, right?

And if they have direct deposit information, from your tax return, they'll use that?

My tax return was filed with an HR Block account number, so that they could deduct their fees from the return. And the IRS decided they weren't going to give me anything anyway.

So I wonder how that will work? Or will the IRS just keep my 'rebate' and put it towards the tax debt they have me listed for?

Recap from previous threads:

- This program, if as successful as the 2001 rebate, will buy 2 months worth of normal job creation


The job creation estimate is based on:

- 20-25% of the money handed out went towards new spending in 2001

- The rest was invested into savings or debt


Debt and the cost of living have both jumped since 2001, so I predict it will be less successful than 2001. The figures they are quoting are grandstanding that you are supposed to forget by the time the results are measured because we'll all have bigger problems on our minds by then

h to the 'ojo: Debt and the cost of living have both jumped since 2001, so I predict it will be less successful than 2001.

This really only depends on who the debt increase went to. If people in debt just got more in debt there is a chance they would still spend this money on stuff they don't need but if people who weren't in debt are now in debt they probably will spend the money on their debts.

I'm going to take mine to the casino so I can double it!

what_now: ...in China.

came in to say that

Ryan2065: h to the 'ojo: Debt and the cost of living have both jumped since 2001, so I predict it will be less successful than 2001.

This really only depends on who the debt increase went to. If people in debt just got more in debt there is a chance they would still spend this money on stuff they don't need but if people who weren't in debt are now in debt they probably will spend the money on their debts.

For the short-sighted person you propose to be a greater proportion of this rebate-pool, they respond most to their daily costs. Food, gasoline, utility bills, etc. so I would expect them to pay down debt or save more today than in 2001.

Even if all the money goes to new spending, despite every recipient carrying debt, it makes no net difference to the economy. It would be one step more of borrowing from the future to spend today. Whether or not the debtor or the creditor ultimately pays the bill, does not matter to the overall economy.

Even if everybody spends their check on disposable goods it won't help. It will funnel up to the corporations and corporations are not expanding right now because they are no more optimistic about the economy than anybody else (even though they are the only ones that can fix it). Enjoy the rising inflation after this short-sighted "stimulus package".

My rebate check is going straight up my nose.

I plan on using it to pay off a credit card, but I'm GOING to use it on a new tool chest.

Psh, this is so worthless. $600 is less than a third of a paycheck. I won't even notice it. It will sit in my savings with the rest of it.

Don't get me wrong, I want the money.

This will create 0 jobs.

[Repeat x2]
My credit rating brings all the boys to the yard,
And their like
It's better than yours,
Damn right it's better than yours,
I can teach you,
But I have to charge

I know you want it,
The thing that makes me,
What the guys go crazy for.
They lose their minds,
The way I wind,
I think its time

That's a bit optimistic there, Hank.

I'm gonna buy a fish tank. The rest will go towards my car payment.

Mine is going staight to my student loan. Is my lender going to hire someone to process the payment?

If only we had a manufacturing sector to buffer against a full-blown depression.

I'm going to spend mine in another country, on booze. Will that help the economy?

jcooli09: This will create 0 jobs.

That's simply not true. It will create some jobs - we live in a closed system, and by adding new money, you have more available. Eventually it will be spent in some way and will end up in the hands of a company that will use it to pay for new jobs. How quickly this happens is to be debated. The number will be nowhere as high as this moran claims, but it's most definitely not '0'.

I went to Wal-Mart yesterday and bought some groceries. Bought the Wal-mart brand gallon of milk and it what close to $3.75. The name brand stuff was $5.98. Everything else was %50 to %100 higher than it was not that long ago.

I put half a tank of gas into my Toyota and it was $40.

By the time that $600 check gets here it's not going to be worth the paper it was printed on.

So when I spend my rebate on weed does it stimulate the economy?

/1oz of the dankiest dank plz
//and a steak dinner
///maybe some beer and video games too

I think this advance on our taxes is stupid.

I'm going to make sure to spend it in Europe this summer while on vacation. And spending it in cash, so I don't end up giving the credit cards the 3% foreign exchange fee.

LessO2: I think this advance on our taxes is stupid.

Don't be silly, this is not going to count against your income tax next year. If you mean deficit spending as an advance on future taxes, then yes, yes it is.

I am going to spend the money on a crib for my soon be be born child.

Still hate the idea of the govt "giving" people money. But when in Rome.

/not in debt

You often hear talk of politicians willing to buy off voters with big screen TVs, but rarely see the act attempted.

Hand jobs maybe.

But then that's all this administration has been.

Saiga410: But when in Rome.

Yes? Please go on...

Shaggy_C: jcooli09: This will create 0 jobs.

That's simply not true. It will create some jobs - we live in a closed system, and by adding new money, you have more available. Eventually it will be spent in some way and will end up in the hands of a company that will use it to pay for new jobs. How quickly this happens is to be debated. The number will be nowhere as high as this moran claims, but it's most definitely not '0'.

Yes, it will end up creating jobs under of the contractor who builds some CEO's new mansion.

Saiga410: I am going to spend the money on a crib for my soon be be born child.

Still hate the idea of the govt "giving" people money. But when in Rome.

/not in debt

They are giving no one money, they are borrowing from future-taxpayer to distribute money to current-citizen. In effect they are borrowing on international markets, using their good name to borrow at rates cheaper than a consumer could get, and distributing out the money. Of course this debt must be paid eventually, whenever that happens the then-taxpayer will pay for it.

Unlike in the past, US debt has grown so fast and to such a high level that creditors demand a balanced budget and lowering of the debt to gdp ratio.

Shrugging Atlas: Saiga410: But when in Rome.

Yes? Please go on...

...eat fried badger?
...visit the baths?
...attend and orgy?
...buy a new slave, get one for free?
...go to see Christians thrown to the lions?

*creditors can be expected to demand a balanced budget and lowering of the debt to gdp ratio in the near term

I actually snorted Dr. Pepper when I read this headline. Never done that before in all my time on Fark.

Cornwell: Yes, it will end up creating jobs under of the contractor who builds some CEO's new mansion.

Nah, it will pay to open a plant in China but will 'create' two Wal*Mart jobs here needed to sell us lead-filled toys.

Shaggy_C: Psh, this is so worthless. $600 is less than a third of a paycheck. I won't even notice it. It will sit in my savings with the rest of it.

For some of us, $600 would be a month of paychecks.

ekdikeo4: Shaggy_C: Psh, this is so worthless. $600 is less than a third of a paycheck. I won't even notice it. It will sit in my savings with the rest of it.

For some of us, $600 would be a month of paychecks.

For those people making less than 8K a year, give it up and go on welfare. Also, your life is a failure.

Asteroth: ekdikeo4: Shaggy_C: Psh, this is so worthless. $600 is less than a third of a paycheck. I won't even notice it. It will sit in my savings with the rest of it.

For some of us, $600 would be a month of paychecks.

For those people making less than 8K a year, give it up and go on welfare. Also, your life is a failure.

That was some mighty fine trolling, Lou.

Asteroth: For those people making less than 8K a year, give it up and go on welfare. Also, your life is a failure.

YIKES!

Shrugging Atlas: Mine is going staight to my student loan. Is my lender going to hire someone to process the payment?

No, your lender is actually firing people left and right because they a) are being hit with INSANE charges of collusion and b) they can't secure enough money for next years loans.

The student lending industry is taking a huuuuuge hit right now. Some of you laugh and point, but that doesn't help the 18 yr old pay his tuition.