- This topic has 26 replies, 1 voice, and was last updated January 28, 2008 at 2:43 am by .
- January 28, 2008 at 2:43 am #255455Guest
In theory this “stimulus” is a good idea and it will
benefit many BUT there are drawbacks.
A good majority of people will “blow” the money… buy plasma TVs, buy
PS3s, get new furniture etc. While this will help out local businesses
a bit it will not do much else. Plus, they’ll still be in debt and if a
depression hits will be hurting badly.However, if everyone would do something sensible such as
1. Stock their pantries (in case a depression hits)
2. Put some in savings or other type (CDs, Roth IRA etc)3. Just “hide” it away in checking (deposit it and forget it)
This way, if a depression hits, you have readily available cash for
mortgage payments etc. Instead of just having a nice TV to watch while
you’re sitting at home unemployed due to depression lay offs 🙂
Unfortunately, a lot of Americans are materialistic and
won’t think long term. 🙁go4awalleye wrote:
And the choir said, “Amen!” Actually, the economy improves
(strengthens) when we pay down our debts; it’s only the banks thatheave a sigh, because they aren’t reaping the rewards of our poor money
habits. Won’t it be great to be fully on the other side of the
interest equation?! We can do it! Say it every day!__________ NOD32 2831 (20080129) Information __________
This message was checked by NOD32 antivirus system.
- You must be logged in to reply to this topic.