Thursday, May 8, 2008

Economic Stimulus, yeah. sure.

I could hardly believe the stupidity of this little government spending spree!
I had heard about the program and had a few questions so I went to the IRS website to find the answers. What I found shocked me. The distribution makes about as much sense as anything the government has done of late.
In a nutshell here is how it works:
You get a check or electronic fund transfer from the government which is supposed to pump money into the economy.
The amount is determined by your income in 2007.
The amount of the check can be as high as $600 for a single adult.
Now who do you suppose will get the maximum? Maybe someone who really needs it because they only took in $20,000 last year? Wrong.
The less you made, the lower your payment will be. The maximum payment of $600 goes to those making $75,000.
And that is the point at which the benefit BEGINS to decrease again. So the more you made, the more you get, until you reach the $75,000 cut-off, which isn't a cut-off at all. People earning $80,000 will still get about$345, and so on.
But guess what? If you happened to be poor enough to only earn $3,000
last year, you do not qualify for any payment at all!!!
That means if you really need the money, you get little or nothing. If you are well-off, they want to send you MORE money.
So if you could really use the money, say to buy food, you get less money than the guy who already has so much.
How do they think that someone who made $75,000 last year is waiting for this $600 to spend it? ...like he has run out of money? He is not going to spend it. He is going to add it to wherever the rest of his 'money pile' is!
I am waiting anxiously for my $26... yeah. sure.
INSANE!! That's what it is. And SHAMEFUL! There is no way this is going to stimulate the economy. But it does show how senseless today's politicians are.... and heartless.

No comments:

Post a Comment

Please let me know what you think... even if you hated it!!!