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May be a second stimulus in the works

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goodnatured

Joined: 03 Nov 2007
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Posts: 3927

56 Magic Points

Subject: May be a second stimulus in the works

Wed Oct 22, 2008 1:57 am

Quote:

As part of that package, Democrats want to resurrect a $61 billion House-passed measure that included about $37 billion in public works spending, $6 billion to extend jobless benefits, $15 billion to help states to pay their Medicaid bills and $3 billion in food stamp assistance for the poor.

The Democrats also are considering a second round of tax rebates to follow the $600 to $1,200 checks most individuals and couples got earlier this year. That money, going directly to consumers in hopes they would spend it, could push the price tag much higher.

To read more:
http://www.benningtonbanner.com/ci_10774049?source=most_viewed
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Mary

Joined: 06 Jul 2006
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Posts: 686

17404 Magic Points

Wed Oct 22, 2008 11:11 am

Yes, I think that this second stimulus of the Federal Government will certainly solve the unemployment problem that has been caused by the slowdown of the US economy in the recent years. Moreover the tax rebates will provide an extra flow of money in the economy and would stimulate economic growth.
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goodnatured

Joined: 03 Nov 2007
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Posts: 3927

56 Magic Points

Mon Oct 27, 2008 2:55 am

It would be nice to get some more of the money back that we pay in, I actually used the first stimulus to get a much needed drain ditch in my yard, I could use a second one that maybe I could use for christmas shopping, that sure would be nice.
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carol

Joined: 27 Jun 2006
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Posts: 1307
Location: Los Angeles, California

29565 Magic Points

Mon Oct 27, 2008 6:53 am

I think that the second fiscal stimulus which is aimed at distributing $50 billion help to the people of US will give us some relief. This economic stimulus will inject additional dollars in the economy and will increase income and employment which has been on the decline all around 2008.
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goodnatured

Joined: 03 Nov 2007
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56 Magic Points

Mon Oct 27, 2008 1:59 pm

I sure could use it and from what I see on televison so could the retailers, everything is up in price, it is crazy, what used to cost me $40 at the grocery store is now $55, We really need a break here.
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sdchargers_63

Joined: 13 Aug 2007
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Posts: 1889

1387 Magic Points

Subject: money

Mon Oct 27, 2008 2:59 pm

Would be nice if hey DO the'package' again. EVERYONE could use the money. I work with the Elderly ( my job..) and alot of them din't 'qualify' bacause they were on a 'fixed' income ( SSI, etc.) that had no taxes taken out. They REALLY could have used it.

jtrenton

Joined: 12 Sep 2008
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Posts: 15

232 Magic Points

Mon Oct 27, 2008 3:44 pm

Another stimulus package will help, but only in a short term. In the long term people should learn to live within their means and save part of their income.
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sdchargers_63

Joined: 13 Aug 2007
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Posts: 1889

1387 Magic Points

Subject: debt

Mon Oct 27, 2008 4:23 pm

I agree...too many people try to live 'out of their means'. The package gives a little more 'income' to work with. Short term? I DO agree. Shouldn't expect one every year.

goodnatured

Joined: 03 Nov 2007
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Posts: 3927

56 Magic Points

Tue Oct 28, 2008 2:35 am

No but it would be nice to have just one more would it not?
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Justin

Justin

Joined: 17 Jul 2006
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Posts: 1240

28942 Magic Points

Tue Oct 28, 2008 8:43 am

Hi jtrenton
This stimulus will work on the basis of the Keynesian approach. The stimulus will increase disposable income on the hands of the individuals in the economy as a result of which individuals will increase their demand for commodities. This increase in demand will raise production and hence there will be an increase in employment. It is a long run adjustment program and the economy will definitely stabilize in the long run.
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sdchargers_63

Joined: 13 Aug 2007
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Posts: 1889

1387 Magic Points

Subject: stimulus

Sun Nov 02, 2008 1:25 pm

The FIRST 'Package' that people received (I'm pretty sure..) was used for their bills,etc. I know the Government was probably hoping we would go 'out and splurge.' With mine, I paid bills with. Does anyone know ( I guess I haven't read it anywhere..) when they decide to 'release' this other one?

sdchargers_63

Joined: 13 Aug 2007
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Posts: 1889

1387 Magic Points

Subject: credit

Sun Nov 02, 2008 10:53 pm

How can the Government understand about those who are struggling?! I mean..ALOT of them have never 'been there, done that' so how DO they know what we need? They give all of these 'breaks' for the wealthy, etc. Horrible to see people struggle so much and can't get a dime to help.

billy h
Guest

Subject: stimulus payment

Wed Nov 26, 2008 3:10 am

why don't the people on ssi get the stimulus payment? I get ssi and we didn't get a stimulus payment last time. Some of us worked for years and paid taxes, but we don't qualifiy because we draw ssi. This seems unfair to me.

Mary

Joined: 06 Jul 2006
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Posts: 686

17404 Magic Points

Wed Nov 26, 2008 11:05 am

Hi Billy
Economic stimulus payment is available to those US citizens who has filed tax returns for the year 2007 by 15th October 08. Economic stimulus payment is in fact indirectly a rebate on the tax you have paid and is available to individuals whose annual income is $ 75000 and above. Now since the person who get ssi benefit do not generally file a tax return or pay taxes, it is not available to them. Although it is true that you have paid taxes for years, but such rebate is operative only on current tax payments.
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fireyone

Joined: 26 Feb 2008
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Posts: 4285

140 Magic Points

Thu Nov 27, 2008 12:48 am

Thats a really good explanation. Ialso would like to state the fairness of this. Imagine working nonstop and never getting any breaks on taxes, heating oil, food..nothing. I know most on SSI are not there by choice and just as the above programs were put into place for them (li heap, food stamps, property tax rebates) the stimulus was one program put into place for the working Americans.

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