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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 that

heave 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!

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