How the stimulus package works.

[CalG]

I take the check and pay my income tax with it......sounds about right.

Although that is essentially what we all will do, paying your taxes only, will not stimulate the economy.

The money must circulate a bit before being flushed down the hole of government. (Or even going off shore for that matter.)

 

[KennyG]

Although that is essentially what we all will do, paying your taxes only, will not stimulate the economy.

The money must circulate a bit before being flushed down the hole of government. (Or even going off shore for that matter.)

Well, theoretically if you then take the money you were going to use to pay the taxes and spend it on something else, it will do as intended. However, right now it's a bit tough to spend money (although I trust my wife will figure it out.)

 

[3Ts]

I have 3 projects I really want to do sooner than later. Each is more than what I'm getting from the stimulus, but funding was set aside for them for the last few years and is ready to go. None of them fit into the "essential" category. All I need is for the government to allow me to spend money on non-essential goods and services.

 

[BrokenTrack]

I am using the money to fix up my tractor. There is nothing really wrong with it, but at 21 years old, it is showing its age.

I could trade it, get $9000 for it or so, apply the government money, and kick in some of my own cash and buy a new one, or I can just apply the money and fix up my tractor and make it like-new. New tires, new paint, a new front bucket, etc. As I said, there is nothing wrong with it (3000 hours) so I will do the latter. In the end it will take a lot less money, and since the money was just handed to me (I am still working), then it will be a good use of it.

I try to do that, spend this sort of money on improvements that are long-term, and make my life a little better for me.

 

[lman]

I am using the money to fix up my tractor. There is nothing really wrong with it, but at 21 years old, it is showing its age.

I could trade it, get $9000 for it or so, apply the government money, and kick in some of my own cash and buy a new one, or I can just apply the money and fix up my tractor and make it like-new. New tires, new paint, a new front bucket, etc. As I said, there is nothing wrong with it (3000 hours) so I will do the latter. In the end it will take a lot less money, and since the money was just handed to me (I am still working), then it will be a good use of it.

I try to do that, spend this sort of money on improvements that are long-term, and make my life a little better for me.

Your tractor(Katie) should have a few hours to go. I'm sure she appreciates the money you are going to spend on her.

 

[BrokenTrack]

Your tractor(Katie) should have a few hours to go. I'm sure she appreciates the money you are going to spend on her.

We have had a tough go of it these last few years, but we seemed to have turned a corner now, and things are going pretty well.

I was able to spend the last few weeks working on the house and making that better. We just redid our master bedroom, then I redid our main bathroom, and now I am working on a chicken/duck coop, so Katie is pretty happy.

After the duck coop is done, she wants me to put in a dog wash station in our mudroom. That will be handy for washing out paint brushes, filling buckets, rinsing mops...and yes, washing the dog too!

 

[Jstpssng]

That dog wash station is on my list also. It's been six months since his last bath and he smells like it. It's a nice day for a bath today though.

 

[kenmac]

Not every one,but some believe the government is giving them something. I remind them the government is giving back a portion of the money they stole from them. They will expect some back at the end of the year.. (tax time)

 

[Jstpssng]

Not every one,but some believe the government is giving them something. I remind them the government is giving back a portion of the money they stole from them. They will expect some back at the end of the year.. (tax time)

Actually, they are loaning us somebody else's money which your grandchildren will be paying on.

 

[ruffdog]

The projected national debt for 2024 took a big jump lately. It is now at $40.3 trillion. Unreal.......:shocked: