Comments on: The Economic Stimulus Checks Are All Smoke and Mirrors… http://www.everyjoe.com/articles/the-economic-stimulus-checks-are-all-smoke-and-mirrors-386/ Sports News - Tech Reviews - Entertainment - Life Tips for EveryJoe Mon, 14 Dec 2009 19:20:54 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Miranda http://www.everyjoe.com/articles/the-economic-stimulus-checks-are-all-smoke-and-mirrors-386/comment-page-1/#comment-328038 Miranda Thu, 14 Aug 2008 12:33:11 +0000 http://www.bizchicksrule.com/the-economic-stimulus-checks-are-all-smoke-and-mirrors/#comment-328038 I didn't agree with the first economic stimulus check (disclosure: it didn't stop me from using it to pay for my fence), and I certainly don't agree with the second check. Using borrowed money to encourage the American people to spend, spend, spend to "stimulate" the economy is the same as pulling out a credit card. Just like so many people right now, the government will, at some point, be unable to make interest payments on the huge debt. And soon we will fall behind. It may be difficult, but the solution is to move away from an economy that is currently based on consumer spending and debt and back to one in which wise financial decisions provide the basis of a more stable and sustainable economy. I didn’t agree with the first economic stimulus check (disclosure: it didn’t stop me from using it to pay for my fence), and I certainly don’t agree with the second check.

Using borrowed money to encourage the American people to spend, spend, spend to “stimulate” the economy is the same as pulling out a credit card. Just like so many people right now, the government will, at some point, be unable to make interest payments on the huge debt. And soon we will fall behind.

It may be difficult, but the solution is to move away from an economy that is currently based on consumer spending and debt and back to one in which wise financial decisions provide the basis of a more stable and sustainable economy.

]]> By: Lori http://www.everyjoe.com/articles/the-economic-stimulus-checks-are-all-smoke-and-mirrors-386/comment-page-1/#comment-328037 Lori Thu, 14 Aug 2008 12:31:41 +0000 http://www.bizchicksrule.com/the-economic-stimulus-checks-are-all-smoke-and-mirrors/#comment-328037 It's like raising minimum wage. Sure, it sounds great, but now those employers who hire people at minimum wage have to raise their prices to cover the additional expense, which means now everything costs more. Another check will come at about the time my next self-employment taxes are due. Whoopie. The best solution? Stop buying unnecessary things. I suspect that's why we've seen The Sharper Image go out of business and now Starbucks closing stores. We've become spoiled by our own "needs" and blind to the fact that necessity isn't in the form of a double-half-caf mochachino. I'm not picking on Starbucks so much as trying to illustrate where our money is going. $4 a cup times 5 times a week times 52 weeks.... It’s like raising minimum wage. Sure, it sounds great, but now those employers who hire people at minimum wage have to raise their prices to cover the additional expense, which means now everything costs more. Another check will come at about the time my next self-employment taxes are due. Whoopie.

The best solution? Stop buying unnecessary things. I suspect that’s why we’ve seen The Sharper Image go out of business and now Starbucks closing stores. We’ve become spoiled by our own “needs” and blind to the fact that necessity isn’t in the form of a double-half-caf mochachino. I’m not picking on Starbucks so much as trying to illustrate where our money is going. $4 a cup times 5 times a week times 52 weeks….

]]> By: Mary Emma Allen http://www.everyjoe.com/articles/the-economic-stimulus-checks-are-all-smoke-and-mirrors-386/comment-page-1/#comment-327993 Mary Emma Allen Thu, 14 Aug 2008 11:29:41 +0000 http://www.bizchicksrule.com/the-economic-stimulus-checks-are-all-smoke-and-mirrors/#comment-327993 Who is paying for the stimulus check? The taxpayers....in other words, we are. If we pay taxes, we pay for our own checks and those given to the people who never paid a whit into the tax fund. Then, if we were smart, we used the stimulus check to pay on mortgage, bills, credit cards, or put into savings, etc. instead of buying something new. It's an election year ploy. Who is paying for the stimulus check? The taxpayers….in other words, we are. If we pay taxes, we pay for our own checks and those given to the people who never paid a whit into the tax fund. Then, if we were smart, we used the stimulus check to pay on mortgage, bills, credit cards, or put into savings, etc. instead of buying something new. It’s an election year ploy.

]]> By: Ren Garcia http://www.everyjoe.com/articles/the-economic-stimulus-checks-are-all-smoke-and-mirrors-386/comment-page-1/#comment-327802 Ren Garcia Wed, 13 Aug 2008 23:41:21 +0000 http://www.bizchicksrule.com/the-economic-stimulus-checks-are-all-smoke-and-mirrors/#comment-327802 Amen to Kristen & Bridget As a great mind once advised: We cannot fix our problems with the same thinking we used when we created them. Albert Einstein Amen to Kristen & Bridget

As a great mind once advised:

We cannot fix our problems with the same thinking we used when we created them.
Albert Einstein

]]> By: Zane Safrit http://www.everyjoe.com/articles/the-economic-stimulus-checks-are-all-smoke-and-mirrors-386/comment-page-1/#comment-327801 Zane Safrit Wed, 13 Aug 2008 22:44:04 +0000 http://www.bizchicksrule.com/the-economic-stimulus-checks-are-all-smoke-and-mirrors/#comment-327801 It's the same thing as the king throwing a handful of gold coins at the peasants in the fields. It was never meant to solve, only distract those easily blinded by a gold coin. It’s the same thing as the king throwing a handful of gold coins at the peasants in the fields. It was never meant to solve, only distract those easily blinded by a gold coin.

]]> By: Sean http://www.everyjoe.com/articles/the-economic-stimulus-checks-are-all-smoke-and-mirrors-386/comment-page-1/#comment-327800 Sean Wed, 13 Aug 2008 22:04:23 +0000 http://www.bizchicksrule.com/the-economic-stimulus-checks-are-all-smoke-and-mirrors/#comment-327800 The only people thinking these economic stimulus checks were a great idea are the same people who think they're getting a great deal because their 18% $49 annual fee credit card gives them 1% back. The same people who fill out the class action lawsuit papers, follow each correspondence, then get a check for 49 cents. I'd hate to know the admin cost of each of those stimulus checks. The only people thinking these economic stimulus checks were a great idea are the same people who think they’re getting a great deal because their 18% $49 annual fee credit card gives them 1% back.

The same people who fill out the class action lawsuit papers, follow each correspondence, then get a check for 49 cents.

I’d hate to know the admin cost of each of those stimulus checks.

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