May be a second stimulus in the works             Click here to Print

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#goodnatured - Says,

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.

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http://www.benningtonbanner.com/ci_10774049?source=most_viewed

#Mary - Says,

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.
#goodnatured - Says,

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.
#carol - Says,

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.
#goodnatured - Says,

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.
#sdchargers_63 - Says,

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 - Says,

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.
#sdchargers_63 - Says,

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 - Says,

No but it would be nice to have just one more would it not?
#Justin - Says,

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.

#sdchargers_63 - Says,

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 - Says,

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 - Says,

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 - Says,

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.

#fireyone - Says,

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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