The bull is already starting!!! Just pass the bill!! HOW CAN SOMEONE GET A REBATE IF THEY PAY NO TAXES!!! THIS makes no sense!! AT LEAST CURRENT SENIOR CITIZENS GET SOCIAL SECURITY!!! I am 24 and I know I will not get to draw any. Instead of fixing anything they just want to hand out money!!!! You can't save a sinking ship. We are in debt so lets just add more!! ITS THE AMERICAN WAY!!
I feel better now! LOL
Posts: 1458 | From: Ohio | Registered: Mar 2004
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hey ill get 600...hmmm thats a lot of lap dances...thats the stimulus ill be getting lol
-------------------- It isn't so much that liberals are ignorant. It's just that they know so many things that aren't so. Posts: 6949 | Registered: Apr 2004
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you gotta hand it to them, at least they are consistent in their retardation.
-------------------- "Gentleman, you have come sixty days too late. The depression is over." Herbert Hoover 1930 Posts: 678 | From: currently in hiding due to investigation | Registered: Oct 2004
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You can crap in one hand, and stimulus package in the other, and see wich one fills up first.
Posts: 2634 | From: The highway | Registered: Feb 2004
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I'll take my rebate thank you very much... many things I can do with it such as the aformentioned Lap dances at the local strip club... The country is already in the crapper might as well numb ourselves with drinks, girls and gambling (my vices). Or throw it into the stock market.
-------------------- Let the world change you... And you can change the world.
Ernesto "Che" Guevara de la Serna Posts: 4669 | Registered: Mar 2004
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I'm all for stimulus. But as for drinks, girls and gambling...600 little ones will last you almost one night.lol
Unless your drinking Heaven Hill, got you a crack ho, and put yo money on the Clippers...j/k,lmao
Posts: 2634 | From: The highway | Registered: Feb 2004
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i think i should organize a tax rebate party for all the guys at our fav local gentlemans club and just get silly
-------------------- It isn't so much that liberals are ignorant. It's just that they know so many things that aren't so. Posts: 6949 | Registered: Apr 2004
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how can 150 billion dollars that the government takes a loan for help the economy for anything more than 30 days.
Extend unemployment insurance, start a job corps, invest in rebuilding the country.
Help our educational system
And find a good doctor for most republicans.
Huckabee should be first in line to see one. He would make our constitution another book in the new testament, What a nit wit
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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quote:Originally posted by bond006: The whole thing is just insane.
how can 150 billion dollars that the government takes a loan for help the economy for anything more than 30 days.
Extend unemployment insurance, start a job corps, invest in rebuilding the country.
Help our educational system
And find a good doctor for most republicans.
Huckabee should be first in line to see one. He would make our constitution another book in the new testament, What a nit wit
i've been saying the govt is insane for years now.
the conservatives and the liberals both argue with me.
Huckabee is running for VP IMO. i liked some of the stuff he WAS saying, but then he gets to SC and says some wierd stuff about making the Bible law or somesuch nonesense.
i also noticed he's been involved with the CCC which as far as i'm concerned is the white collar branch of the kkk...
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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quote:Originally posted by CashCowMoo: i think i should organize a tax rebate party for all the guys at our fav local gentlemans club and just get silly
Where is that club? Aren't you in Iraq or some other sand eating nation?
-------------------- Let's Go METS!!! Posts: 3317 | From: CT | Registered: Dec 2006
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Tax rebates may skip retailers as Americans pay debt, gas bills 6:40 p.m. 01/29/2008 By Laura Mandaro Provided by
Economists see consumers paying down debt; card issuers could benefit
SAN FRANCISCO (MarketWatch) -- The nation's clothing stores and restaurant chains, two beneficiaries of the 2001 tax rebates, may get short shrift from the delivery of the government's tax-rebate checks, with Americans looking to pay down credit cards and fill up their fuel tanks.
As for retail, "whatever effect we would see would be insignificant and of no duration," according to Bernard Hastings, economic adviser for the Federation of Credit and Financial Professionals, which represents risk managers at consumer-goods companies and other businesses.
Michael Niemira, chief economist with the International Council of Shopping Centers, is similarly skeptical that retailers will get a noticeable boost from the individual tax-rebate checks under discussion in Congress.
"You'll be hard-pressed" to see purchases from the potential rebate checks show up in retailers' results, he said. "I assume a lot will go into debt reduction."See what some people say they'll do with the money.
On Tuesday, the House passed a $150 billion stimulus plan backed by the Bush administration that would send $300 to $600 rebate checks to qualified earners. Senate lawmakers are now preparing to debate a $156 billion economic-stimulus plan that would write $500 tax-rebate checks to any American making at least $3,000 in qualifying income, including Social Security benefits.
What happened last time When U.S. taxpayers opened their mailboxes to a combined $38 billion in rebate checks during the 2001 recession, a lot first went into the piggy bank or to pay off bills, and then went to malls and eateries.
Studies of what happened after the U.S. government mailed $300 to $600 rebates to households between July and September 2001 found that Americans first socked away about two-thirds of the windfall.
During the three-month period during which they received the checks, they spent the remaining third of the money -- with the biggest portion on food, apparel, health and personal-care items, according to a 2006 study by David Johnson, Jonathan Parker and Nicholas Souleles.
By the end of six months, recipients of the tax rebates had spent even more -- about two-thirds of their total checks, on average. The industries on the receiving end were apparel, with 23% of rebate checks; health, 19%; and grocery and restaurant food, 16%.
But this time, high gasoline prices and greater credit-card debt, not to mention higher mortgage payments, are likely to chip away at the expected rebate dollars.
"I could see families of four taking their entire check and paying down credit-card bills," said Brit Beemer, chairman of consumer marketing firm America's Research Group.
U.S. consumers are more indebted today than they were in 2001, he added. Gasoline prices are more than double mid-2001 levels.
Of course, consumers may use some of the rebate to pay down credit cards or make mortgage payments -- at first. Then, when they are feeling more confident about their finances, they may increase their purchases.
That's what happened in 2001. A study of credit card payments in the wake of those rebates found consumers initially saved some of the rebate by increasing card payments. But soon afterwards, their purchases jumped, rising over $200 on their favorite credit card in the nine months after receiving the rebate, said the Dec. 2007 report by Sumit Agarwal, Chunlin Liu and Nicholas Souleles.
The nation's restaurant chains and apparel stores, which have blamed weak December and January results on the flagging consumer, could use any extra discretionary dollars they can get.
Target Corp. (TGT) said last week that January sales are tracking to the low end of its forecast, the latest in a string of disappointments from the discount retailer. Clothing retailers including American Eagle Outfitters Inc. (AEO) and Kohl's Corp. (KSS) have scaled back profit forecasts after holiday promotions failed to drive expected sales.
Credit-card issuers, on the other hand, are likely to see delinquencies and charge-offs improve thanks to rebates. That's good news for an industry that surprised investors earlier this month with word of sudden worsening in consumer-credit quality.
If consumers use their rebate checks to pay off some credit-card debt, "it will help in the short term," said Sanjay Sakhrani, an analyst who covers credit-card companies for Keefe, Bruyette & Woods. These outlays will likely have a bigger impact on card companies that are more sensitive to changes in credit quality, such as Discover Financial Services (DFS) .
Still, a short-term burst of plastic payments won't derail what is shaping up to be a consumer-led slowdown or recession, he commented.
"There's a small benefit to credit quality, but it doesn't change the view that credit quality is likely to deteriorate in lockstep with unemployment," Sakhrani said.
Card issuer American Express Co. (AXP) said late Monday that fourth-quarter net income fell 10% as its provisions for charge-card and lending losses jumped 70%, to $1.5 billion.
"We have seen greater deterioration in geographic areas where the housing market has contracted more severely, such as California and Florida," American Express Chief Financial Dan Henry said in a statement.
Economists, including Fed Chairman Ben Bernanke, generally agree that the most effective stimulus plans gets money out into the economy quickly, where it in theory stimulates more demand for jobs and business investment. Saving the money for a rainy day won't give the economy the wanted boost.
"From an economic perspective, the most important part is how much they spend," said Jason Furman, senior fellow in economic studies at the Brookings Institution. "That's the paradox of economic policy right now -- what's good for the economy in normal times can be bad for the economy in recession."
-------------------- "Great Day for Up!"....Dr. Seuss Posts: 3387 | Registered: Mar 2006
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quote:Originally posted by CashCowMoo: i think i should organize a tax rebate party for all the guys at our fav local gentlemans club and just get silly
Where is that club? Aren't you in Iraq or some other sand eating nation?
nope i got back dec 23rd from baghdad and im getting out of the Army. signed up for four years, did three overseas tours, was exploited by bush, and want to see change in our government for the better. going into a career in financial services.
Posts: 6949 | Registered: Apr 2004
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quote:Originally posted by CashCowMoo: i think i should organize a tax rebate party for all the guys at our fav local gentlemans club and just get silly
Where is that club? Aren't you in Iraq or some other sand eating nation?
nope i got back dec 23rd from baghdad and im getting out of the Army. signed up for four years, did three overseas tours, was exploited by bush, and want to see change in our government for the better. going into a career in financial services.
That's great! I wish you all the good fortune in the world.
-------------------- Let's Go METS!!! Posts: 3317 | From: CT | Registered: Dec 2006
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Stimulus we need one to bad thoes that really need it aren't going to get it.
Like the the elderly on social security most are due a lot more than they well ever get and the money would go right into the economy
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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Here is another point for all you lite in the loft repulicans.
Think of all the rebates that the illeagals are going to get since lots of them fill out a tax form.
Guess where most of that rebate will wind up,stimulating the economy of Nortern Mexico
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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