Comments on: Will You Be Getting a $500 Tax Rebate?

By: Mortgages - How Would You Use a $500 Tax Rebate? - Banking Blogs, Expert Advice on Goldparked.com

Sat, 07 Jun 2008 02:43:23 +0000

[...] fix the economy. And one of the latest efforts in staving off a recession is the possibility of a $500 tax rebate to individuals. The Wall Street Journal reports on the proposed $500 tax rebate: Faced with [...]

By: miranda

miranda — Thu, 28 Feb 2008 12:47:33 +0000

I agree with you James! With the amount of money we throw at other countries’ militaries (and I’m not just talking about Iraq) we could do a lot HERE. But for some reason, influence peddling and what-not is more important.

By: James

James — Thu, 28 Feb 2008 11:38:33 +0000

I do not understand where the “lawmakers” are taking the U.S. We are hell bent on taking care of the entire world but when it comes to taking care of our own, things start falling apart. To me this is just a little backwards.

By: miranda

miranda — Fri, 25 Jan 2008 14:24:53 +0000

You are so right Jessica! We are running a deficit. I just don’t think that matters to the folks in Washington anymore. Our debt-based economy thrives on deficit spending — by the government and by individuals.

Yes, we did this before. And it is arguably why we’re in this position. Again.

I like your gas credit idea. Too bad corporate greed gets in the way…

By: Jessica

Jessica — Thu, 24 Jan 2008 19:34:59 +0000

Where is the government getting the money from? Didn’t they do this several years ago and take from Social Security? Where are they going to take from now? Please someone tell me!

I think the gas companies should give us a $600 credit toward gas or toward oil heating bills. That would be a patriotic stand for these companies to support the sole reason why they have done so well.

By: miranda

miranda — Tue, 22 Jan 2008 19:34:09 +0000

It is hard stuff, trying to prepare for the futures. And unfortunately our economy now runs on debt, so what may be “good for the economy” may not be good for the individual. I agree with you about the lending. A fundamental change is needed in the way we have come to view debt.

By: mason

mason — Tue, 22 Jan 2008 18:03:09 +0000

You know, I have been on the extremely low end of the income scale, My husband served in the Navy for 9 Years & when he got out, he made $27,000 a year with 3 dependants, ‘02 Ridiculous!!! He has worked his way up, & now makes almost $90,000.. But, by the time he pays, 401k 10%, Health ins. $5000 a year. Dis. Ins.$1000 / year & I forget what our life ins is. oh, and don’t forget regular taxes, we cant win either way..I honestly do not know what the govt. could do but, something needs to happen!! I also think the banks should not give loans to people that cannot afford them, they need to be realistic, for families, remember the unexpected expenses! They need to be financial advocates. Also, a second chance for many people & quit treating people as a # (aka credit score) Is it fair that someone loses their job, gets ill or gets swindled from a finacial institution? Would welcome comments!!!

By: miranda

miranda — Tue, 22 Jan 2008 13:04:46 +0000

I agree, Adam. While the economy would be stimulated by such a tax rebate in the short-term, we would be right back in the same place in another couple of years. And I am very concerned about the priorities in this country…where pork barrel projects get millions upon millions, but we can’t ensure adequate healthcare for children.

By: Adam

Adam — Tue, 22 Jan 2008 04:43:10 +0000

The deficit is actually shrinking, but I do believe that is caused, in large part, on the government choosing not to spend money on good and worthy causes (health care for low income kids) while they spend on others (iraq, etc.). I agree that this tax rebate is too little too late, but when have we ever known Bush to act in a timely and responsible way? If banks increase their lending, businesses will continue to spend, and Americans will continue to bring home paychecks. Giving folks a bit more money to blow on junk they dont need will not do much to help this country avoid stagnation in the coming couple of years.

By: miranda

miranda — Sat, 19 Jan 2008 02:48:36 +0000

I’ve heard such stories as well, some of them firsthand from friends/relatives in Iraq, as well as journalists who have been embedded with troops (the journalists, of course, have state of the art protective gear paid for by their corporate bosses).

Unfortunately, some of the money is unaccounted for (the GAO took Iraq war officials to task over poor accounting quite publicly a couple of years ago), and a great deal of the money for “the war” goes to no-bid defense contracts for a variety of things (including a rather poorly Halliburton-run food service program for the troops).

It’s the sad truth, but when anyone in the Bush Administration says “Support our troops,” it’s only lip service.