http://www.msnbc.msn.com/id/22782454/
[quote author=MSNBC.com]Congressional leaders announced a deal with the White House Thursday on an economic stimulus package that would give most tax filers refunds of $600 to $1,200, and more if they have children.[/quote]
I just asked my coworkers how they'll be using the funds, and their answers align with my own: pay off debt or invest it for the future. I've got a wedding coming up and a few grand of debt to pay off since college. But how will either of those options stimulate the economy significantly?
If people get "free" money, they'll largely respond in one of two ways: blow it indescriminately or invest it. Odds are, of course, the country will be split down the middle on those two options, so we could see SOME stimulation. I just don't see it happening with all this looming talk of RECESSIONRECESSIONRECESSION and recent interest rate cuts.
What are your plans, SKnetters?
[quote author=MSNBC.com]Congressional leaders announced a deal with the White House Thursday on an economic stimulus package that would give most tax filers refunds of $600 to $1,200, and more if they have children.[/quote]
I just asked my coworkers how they'll be using the funds, and their answers align with my own: pay off debt or invest it for the future. I've got a wedding coming up and a few grand of debt to pay off since college. But how will either of those options stimulate the economy significantly?
If people get "free" money, they'll largely respond in one of two ways: blow it indescriminately or invest it. Odds are, of course, the country will be split down the middle on those two options, so we could see SOME stimulation. I just don't see it happening with all this looming talk of RECESSIONRECESSIONRECESSION and recent interest rate cuts.
What are your plans, SKnetters?
"This will show the American people we're willing to buy you an HDTV to keep believing we're not a broken system!""You know, many Americans believe that Washington is broken,” Boehner said. “But I think this agreement and I hope that this agreement will show the American people that we can fix it and will serve to move along other bipartisan agreements that we can have in the future.”