jpbikerfreak's Blog

i'm speechless. good post

Think of it like this: Borrowing from the Saudis and Chinese (who own the bulk of our $9 trillion in t-bills) and pledging our grandkids as collateral.

When you kid is born, he owes over $30,000.00 before he even hits the delivery table.

We're selling our kids into slavery.

To stimulate the economy, it may have been better to send debit type cards with the amounts on there that are only good for purchases. Put the caveat that the money has to be spent in 90 days or you forfeit the money. This gets spending in the economy and not people paying bills or banking the money. Just a thought. Oh by the way, I will be paying bills with my money. :-)

Paying down debt with these so called rebate checks would be better than spending them on junk from China. However, my friend, who is a tax accountant says to put the money away in case you have to pay the gov't back next year for this "loan". If you get to keep it after filing your taxes next spring then great; spend it. Ain't nothin' for free folks.

I agree JP, the gov't should stop screwing with the economy. Stopping gov't handouts would be a good start.

Look at it this way, we all just pay one more tax to make up the money we paid to get the money to stimulate us to spend money when we are taxed to the point we get part of our paycheck and the government gets the majority. Eventually we can just work and let the government decide how much we need to live on.