Comments on: Second Stimulus Check – Will There Be A 2009 Economic Stimulus Plan?

By: Eileen

Eileen — Mon, 27 Sep 2010 18:37:10 +0000

A dear friend and I talked at length about the stimulus. Both being hard working, tax paying people we came up with this proposal: Give a tax paying, tax filing individual over the age of 18 the amount of $250,000 as a one-time stimulus payment. Given the fact that some people will take this check and make good use of it to pay off debt. The other people will more than likely blow it, or at least some of it. Either way the economy gets a boost. The one group will pay off credit cards, pay down or off mortgages, buy needed applicances and cars, take care of medical and/or dental work, take a vacation, etc. All economy boosters. Even the spendthrifts who go hog wild and buy “things” will still boost the economy by buying expensive items such as high end cars, TV’s, jewelry, lavish dinners, whatever. It’s a win-win situation because MONEY IS BEING SPENT AND THE ECONOMY IS GETTING A BOOST. Even the smaller things that you would not think of like having your lawn cut (boosting their business), having your house cleaned weekly (again boosting someone’s business), being able to dry clean items (which before you wouldn’t even think of buying due to the cost of cleaning it), taking a vacation because you can afford it (I’m sure Disney will love this as families will go to Disney at least 2 times, now can go more), cruises will have a booming business, maybe even Amtrak will experience a rise in customers, not to mention the airlines. People can now breathe a sigh of relief of being out of debt. One thing would have to occur and that is taking the tax of this amount off the top before giving it to you. Thus the government also gets part of it’s money back before we even start spending. I could go on with all the benefits this could bring. We could sit back and watch foreclosed homes go to couples who could not otherwise afford a down payment on it. I mentioned this to every day people for their reaction. You could just see a smile come across their face to know that they could be out of debt and just live with the basic bills. Seems to me that this would make a huge difference in just about every facet of the economy. Smart or stupid, the economy wins. Both will spend.

By: >The Carnival of Personal Finance #184: From the Land Down Under | Saving to Invest

Thu, 27 May 2010 02:21:37 +0000

[...] Money Smart Life presents Second Stimulus Check – Will There Be A 2009 Economic Stimulus Plan?. I think so, the question is [...]

By: Richard R, Esterline

Richard R, Esterline — Sat, 06 Mar 2010 15:03:47 +0000

My wife & I received 250,00 each. In filing my tax return we were to get a 947.00 rtefund. My tax man filed our return. The IRS said that the 500.00 we got will be taken off our refundso we will now get 447.00. what good did this do when the money we got has to go back. we are in our 80s.with amiddle income bracket.

thank you would like a answer.

Richard R Esterline

By: Debbie Hargrove

Debbie Hargrove — Mon, 08 Feb 2010 22:55:24 +0000

I think if the Obama Administration would give every American a cool 1 million dollars it would solve many of our problems 18 years of age and older. We are in debt anyway, we might as well go for the gusto. The Federal Reserve Bank would be working over time over the world to make sure we all get this.

The 40 Acre and a Mule never arrived so we might as well get something, this would help everyone.

By: cindy bates

cindy bates — Sun, 13 Dec 2009 00:15:28 +0000

one more stimulus check would help the world today.what about working people they dont get no help please help us i work two jobs.i sure cant tell it in my checks at all.

By: debbie stevenson

debbie stevenson — Mon, 24 Aug 2009 06:33:38 +0000

I am in total agreement of a stimulas check for all US citizens. If the goverment had sent out a million dollars to each US citizen instead of bailing out the car companys we all would have been better off. The majority of us would have bought a new or slightely used vechile, thus helping the car companys, and still had money to boost the economy. Cash for clunkers didn’t work. 4,500.00 is nothing for a trade in if you still have to make a car payment when you already can’t buy food or pay the rent. Meanwhile Ombama is vacationing at Martha’s, The latest news is our senior citizens are getting a 2 year cut in their social security checks. Their kids can’t help out for their not keeping their heads above water. How messed up is our goverment?????
Come on Pres, support the people who elected you.

By: donn

donn — Mon, 13 Jul 2009 14:48:30 +0000

I HAVE TO AGREE, A NICE BIG FAT CHECK FROM THE GOVT WOULD HELP MOST FAMILIES A LOT- BUT DON’T YOU SEE, WE WOULD BE PLAYING RIGHT INTO OBAMA’S HANDS AND THAT IS MAKIING US DEPENDENT ON THE GOVERNMENT FOR OUR LIVELYHOOD. THAT HAS BEEN HIS PLAN ALL ALONG IN THE NAME OF CHANGE. HE HAD NO INTENTION OF MAKING THE ECONOMY BETTER SO NOW WE NEED TO BE DEPENDENT ON HIM FOR OUR NEEDS!! AND SO THERE GOES OUR FREEDOM AND INDEPENDENCE!! IN A MATTER OF 6 MONTHS HE HAS NATIONALIZED OUR BANKS, AUTO COMPANIES, MORTGAGE COMPANIES, HEALTH SYSTEM, AND NEXT WILL BE THE AIRLINES AND FOOD INDUSTRY WITH THE CAP N TRADE BILL! AND ONCE THIS IS ACCOMPLISHED, THERE WILL BE NO TURNING BACK TO OUR DEMOCRATIC SYSTEM. RESPONSIBLE AMERICANS MUST WAKE UP AND NOT LET THIS HAPPEN. CALL YOUR REPRESENTATIVES AND LET THEM KNOW HOW YOU FEEL NOW, BEFORE IT IS TOO LATE!!!

By: Linda

Linda — Sun, 12 Jul 2009 17:38:39 +0000

When they issue stimulus money to poor people I feel that it’s a disgrace, because it’s not doing them or anybody esle a bit of good. If the goverment wants to truely help people with no way of getting a fresh start to better their lives then stop dangling a carrot to a starving rabbit. I worked in nursing until a accident messed up my back and now I’m disabled and can’t make the money that I use to. I can’t afford to pay for a home because my income is limited and I can barely make ends meet now. I agree with the person that stated give each person 18 years old a 1 time large iump sum($100k) and then watch how they spend it to better their life. If they screw it up then they’d not be eligible for another, but if they can show they did help the economy by maybe opening a business let’s say then they would be eligible for additional funds in the future. I mean how else are they going to know what we could do with help from them I mean look at all the money they gave to banks that WON”T give poor people loans because they know that we can’t pay it back with interest being so high. All I’m asking is a chance to help myself better my life!!!!! I guess it’s what they always said “The Rich get richer and the poor get poorer! Everything that I’ve seen so far only help the RICH stay rich and the POOR people lose again. That’s a load of crap!!!!!!!! I voted for Obama not because he is black but because of the help he said he would give middle and low class citizens. I’m in my fifties and I know that $300-1200 isn’t even going to scratch the surface when comes to the debt poor and middle class people have. My debt isn’t even that high and I can’t get out because my income is tooooooo low to repay my debts.I owe about $30,000 and my income is under $8000 a year so you do the math, these means my income is under $700 a month and my household bills total $659.00 and these is living in a slum dwelling!!!!!!!! I can’t get anything any cheaper than this rat hole!!!!!!!!!!!! Utilities are going thru the roof and when end up never being able to pay the full amount of the bill and I mean I freeze in this place every winter. Energy assistants only helps with part of your bill not all of it. I now understand why sooo many people live in the streets it’s because of all the headaches over every companies greed!! It’s a shame how the goverment treats us and they spend money on the dumb stuff!! I’m done I upset again!!!!!!!!!!!!!!!!!!!!!!

By: Elizabeth

Elizabeth — Sun, 12 Jul 2009 02:37:03 +0000

Well, I’m sure there is a big flaw in my thinking, but………… there are about 301 billion citizens in the US. What if each one of us were to receive 1 mil (if they are so intent on giving lots of $ they could even give 2 million!) that had to be spent within a year? (That’s a WHOLE lot less money for our govt to borrow from China and pay interest on) Or maybe not each one of us even – just the head of ‘household’ – married or unmarried – Those $ could be used to pay off mortgages ( thereby saving the banks) (if the CEOs were to only get 1/4 of their bonuses that would be even better), buy cars (saving the auto industry) pay rent ahead for 6mos a year – whatever- buy grocery staples for a year (keeping the food suppliers on their feet), buy washers/dryers, TVs other electronic stuff – (saving Circuit CIty -build up Best Buy, Radio Shack, Sears etc), pay ahead on taxes (keeping teachers from losing their jobs, keep the state govts going – even the Federal govt) (remember it has to be spent within a year and by then the country should be back on track!!!), give the kids music lessons (supporting music teachers), buy music instruments music etc. (supporting music stores), buy plants, flowers (supporting nurseryies, Home Depot, Lowes etc) -pay off all their credit card debt and the banks could start loaning again from this money too, add on to our homes or build new or buy old (keeping all kinds of contractors in work) etc., etc., etc., well,….. you get my drift ——– the money would just be flowing from everyone to everyone! It just seems more reasonable to give the people enough money to spend to keep everybody working than to give those BIG companies the money and then have them go bankrupt anyway – or give just a few people huge bonuses like 20 million , 50 mill or a 100 mill when those millions could be given to ‘the people.’ The ‘new’ ‘stimulus’ won’t be enough to stimulate anything, but like the fellow above that said it will keep him in his apt just one more month!! Then what? Tell the govt to stop giving it to other countries and BIG businesses – give us the money with the stipulation we spend it all within a year from the time we receive it or what is not spent goes back to the govt and WE’LL take care of business! The stimulus checks the govt sends us takes care of 10 minutes. Give us enough to really start the economy and keep it going. The Big businesses can’t do it unless they get our business and we can’t buy anything the way it is now!!!!

And why – why – why has the administration awarded 18 million $ to one small company to develop a WEBSITE to tell us how the 7 HUNDRED BILLION stimulus $ are being spent! Who are the people that got that contract – why 18 million? AND there were only 3 bidders for the contract! Why didn’t it get offered nationally to give everyone that could build a website of terrific caliber the opportunity to bid? We can find out how the ‘stimulus’ is being spent without spending 18million $ on a website. And how many of us would be going to that website anyway? Don’t you have more to do than you have time to get done – and why would we need to know where it is being spent if we have no say over how it is being spent and would just frustrate us worse? If nothing else, divide that 18 mil $ between all the food banks in America. If we Google food banks in America will we find 18 million of them? If not that means each food bank would get more than a million$! Bet they could do a lot of good with that!!!! Ahhhhhh if only we would all band together and forget this ‘my team’ / ‘your team; stuff that is polarizing us and get down to the nitty gritty of just caring about helping each other and seeing that Americans have the jobs they need to keep their self respect and self esteem by being able to keep a roof over their family and food on the table. We had better, all of us, start calmly and steadfastly begin writing one short paragraph every day to our Representative and Senators to get their act together and stop taking bonuses themselves, but do their job and do the right thing for America. We can write the administration too and say we want a better way of taking care of what is right for us because we are- our country. America/ ns I love you. Elizabeth

By: mary

mary — Fri, 19 Jun 2009 22:53:17 +0000

so many of us are stuggling , every day its seems to be getting worse . is there gonna be any help for us. another rebate check should would be a relief until the economy turns around for the good . i agree with another check