As you may have heard, each of us will be getting a tax rebate check to stimulate the economy. I got this e-mail this week that provides the following advice for spending it appropriately...
If we spend that money at Wal-Mart, all the money will go to China. If we spend it on gasoline, it will go to the Arabs. If we purchase a computer, it will go to India. If we purchase fruits and vegetables, it will go to Honduras and Guatemala. If we purchase a good car, it will go to Japan. If we purchase useless stuff, it will go to Taiwan and none of it will help the American economy.
We need to keep that money here in America. The only way to keep that money here at home is to spend it at Yard Sales, since those are the only businesses left owned by Americans!!
I had a good laugh at that one but naturally found it to be good, sound advice. Carter and I will be doing our patriotic pre-rebate spend in the morning as we head out to our village-wide sales here. Hey, it's the American thing to do!
Showing posts with label rebate. Show all posts
Showing posts with label rebate. Show all posts
Friday, May 9, 2008
Friday, February 8, 2008
Petty Cash
I'm always amused when someone comes into some unexpected cash and people say, "What are you going to do with all that extra money?" If you think about it, there's really no such thing as extra money. It can always be used for something, right?
Yesterday, the House and Senate overwhelmingly approved a multi-billion-dollar plan aimed at "spurring the economy" by sending rebate checks to millions of taxpayers, offering tax breaks to businesses and trying to ease the home lending crunch.
I might just use mine to throw myself one heckuva 40th birthday party. Naturally, you're all invited.
Seriously, while I won't mind receiving the rebate come summer, I don't think it will spur millions of citizens to go shopping and jump-start the economy. Since the recipients are labeled as low and middle class, I suspect most of us will be paying off bills. I mean really, how far can $1,500 go? That wouldn't even cover anything major we'd dream about -- like getting the driveway surfaced or buying the lot next door.
This is who would get the rebate: $600 would go to singles making less than $75,000; $1,200 to couples making less than $150,000; and $300 rebates will be given per child.
I'm wondering if Congress thinks the Austins will use theirs to get that large, hi-def, wall-mounted flat-screen TV they want. Or maybe a riding lawn mower. In all likelihood, it will go into savings as we prepare to replace the high-mileage Windstar.
I am going to keep the option open for a birthday bash, though. I'm pretty sure we could accommodate everyone who reads this blog and still have a little left over for a birthday gift for hubby the following week.
If the president does sign off on this deal -- and it looks like he will -- how will you use your rebate (I mean besides my birthday present, of course)?
Yesterday, the House and Senate overwhelmingly approved a multi-billion-dollar plan aimed at "spurring the economy" by sending rebate checks to millions of taxpayers, offering tax breaks to businesses and trying to ease the home lending crunch.
I might just use mine to throw myself one heckuva 40th birthday party. Naturally, you're all invited.
Seriously, while I won't mind receiving the rebate come summer, I don't think it will spur millions of citizens to go shopping and jump-start the economy. Since the recipients are labeled as low and middle class, I suspect most of us will be paying off bills. I mean really, how far can $1,500 go? That wouldn't even cover anything major we'd dream about -- like getting the driveway surfaced or buying the lot next door.
This is who would get the rebate: $600 would go to singles making less than $75,000; $1,200 to couples making less than $150,000; and $300 rebates will be given per child.
I'm wondering if Congress thinks the Austins will use theirs to get that large, hi-def, wall-mounted flat-screen TV they want. Or maybe a riding lawn mower. In all likelihood, it will go into savings as we prepare to replace the high-mileage Windstar.
I am going to keep the option open for a birthday bash, though. I'm pretty sure we could accommodate everyone who reads this blog and still have a little left over for a birthday gift for hubby the following week.
If the president does sign off on this deal -- and it looks like he will -- how will you use your rebate (I mean besides my birthday present, of course)?
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