Well, there has already been a lot written about the Democratic economic stimulus plans, but as my wife reminded me yesterday, this time it's different.
Why is it different? Because unlike many other stimulus packages of years gone by this one actually puts more money in your pocket or presents some opportunities to some money in your pocket, if you are one of the lucky few that still have a job and can spend money. Never mind it was your money in the first place before you paid it to the government in taxes and it would have made so much more sense to not take it from you in the first place, but a large part of this package is coming back to you.
As my previous posts stated, there are some who hold the American people as being one of the causes of the financial system collapse because the American people spent every penny they had. I would say there are some Americans guilty of that, spending more than they should have on discretionary items they really did not need; but, there are so many others that were forced to spend everything they made and then borrow more just to keep from sinking. So, if you are one of those people who spent everything they had on stuff you did not need, this is your chance to learn from your mistake and actually save some of the money the government means to give you. If you were one of those people who did their best and still had to spend everything you made, then hopefully these government funds will give you a little breathing room and a little bit of money to save. The government will be grateful for the additional tax revenue from taxes on the miniscule interest we receive on our savings instruments.
Yes, the tax system will be the subject of tomorrow's post...
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