$600 IRS Rebate Check

[rvd+sabu=greatness]

briguy said:

instead of spending it, everyone should just save it

that's not what the rebate is for...they want you to spend the money and put it back into the economy to regenerate it in order to prevent a recession.

[amxfiles]

tagster5888 said:

briguy said:

instead of spending it, everyone should just save it

that's not what the rebate is for...they want you to spend the money and put it back into the economy to regenerate it in order to prevent a recession.

Welcome to Jokeingtown. Oh, you're just passing through?

[Quanthor]

Yeah this is just going to put us further in debt, which will drive down the American dollar, hurting the economy even more.

This looked at as a quick fix, but a lot of people can't even pay their bills right now and have debt of their own, so that money will not be stimulating economy.

It is estimated this will add to our deficit $100 to $120 billion, on top of a budget plan which the president is guaranteed to slash more programs costing us more money to make up the difference.

That isn't the worst of it, WE are still in a time of war not making sacrifices(with the exception of the soldiers and families of them)which cost our nation Billions of dollars every year, making this stimulus plan even more precarious.

This is really bad, I hope it doesn't pass, but many can't seem to look beyond getting a check in the mail.

[Hulkamaniac]

This is quite possibly the dumbest idea I've heard of in a long time and it's a blatant vote buying scheme for both parties. The fact of the matter is we're not in a recession or heading for one. The Fed Chairman has gone on the record as saying that. The growth of our economy is slowing, but not to the point of going backwards. (A recession is defined as two quarters of negative growth). So a recession it's not, but they're passing out checks just because it's an election year.

To make matters even stupider, the ammount of the checks is a joke. $600 is not life changing money for a single person and $1200 is not life changing money for a married couple. To pretend it is is preposterous. Factor in that we're going to run out and borrow the money from China or some place and it makes it even more ridiculous.

All that being said, if someone is gonna give me a $600 check I'll take it and bank it.

[Reasoning through Questioning]

From all the experts I have watched. This will not help. It will not hurt either. I could give a sh*t less.

[[chubs] phoenix fan.]

great news. im only getting $300 some dollars back from my federal taxes and only $50 some from state, so I could definately use this $600 dollars.

[bjd]

I fully intend on spending every dollar of my tax return on baconators.

[poisonandbfsfan]

leighd said:

derr71290 said:

wait i made like 8 grand last year...does this make me non-eligible?

I think the cut off is $3,000 or whatever the standard deduction is, $5,300.

you will get 600 bucks back. as long as you paid your taxes

[Lennon]

I've got some Credit card debt to pay off. So it'll probably go towards that...

[poisonandbfsfan]

wait, it says UP to 600. so, some people will get less?

[hurricane]

Woo, that'll be a couple of car payments.

[hammerzeit]

well, at the very least, those who get claimed as dependents by their parents still won't get shit, and thats 95% of the board

[noname]

Hey, I'm not complaining. The government just paid my rent for the month.

[slappy]

Too little, too late.

[J12]

I was under the impression I was going to be getting $300, but $600 is even better.

[Nick the Quick]

When I first heard about this, my reaction was that this was actually going to make the situation WORSE. I will probably save mine and use it as part of loan payments when I graduate college, provided I even get one.

[James Hetfield]

Nice. Can't wait for that.

[Hollywood Asia]

This is def going to my credit card.

[Blazer034]

I will either be paying off dept or putting this in my saving account.

[Deleted]

im just gonna spree with my crapcome may