The Economic stimulus package just passed by congress is a joke. It will not affect our economy beyond furthering the budget deficit by $168 billion. The reason is simple: the money is already spent. The $1,500 I expect from the deal (if I read the fine print correctly) is mostly gone with a mortgage payment and a weeks groceries and gas. Poof! I will not be using it to buy that wall mounted, high definition television from the local store.
The idea of the US Government handing out checks is laughable. In the words of Shel Silverstein: “get your coat and grab you hat, son. There’s a nut down on the corner giving dollar bills away.”
Aparently I’m not the only one thinking this way. From MSNBC:
(J)ust 19 percent of the people surveyed said they planned to go out and spend the money; 45 percent said they’d use it to pay bills. And nearly half said what the government really should do is get out of Iraq.
Forty-eight percent said a pullout would help fix the country’s economic problems “a great deal,” and an additional 20 percent said it would help at least somewhat. Some 43 percent said increasing government spending on health care, education and housing programs would help a great deal; 36 percent said cutting taxes.
“Let’s stop paying for this war,” said Hilda Sanchez, 44, of Waterford, Calif. “There are a lot of people who are struggling. We can use the money to pay for medical care and help people who were put out of their homes.”