24 January 2008

Federal Economic Stimulus Plan Announced

The heart of the plan is the cash being given back ( and in some cases, away) to any working American making less than $125K per year. Individuals can look for $300; couples up to $1200; and $300 apiece for kids under 18. Thus my siblings can look forward to up to $1800; and I have friends with four kids who can look for $2400. Nice money.

If I were to get money I would probably spend it on getting my television repaired or maintenance work needed to be done on my truck, or I would save it for the inevitable future emergency.
There is a potential snag in the offing, however. It may take many months for the monies to get dispensed to the citizenry. Even if that does not happen, it is certain this federal plan will not save the US economy from further woes of continued dollar declines, greater unemployment, foreclosures, sinking home values, inflation, and business bellyups.




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