We have a sub-prime crisis that is ravaging consumers and multinational banks alike. So what do I open today? a notice that I’m eligible for the Economic Stimulus Payment that could pay me up to $600 this year.

Dear Taxpayer,

We are pleased to inform you that the United States Congress passed and President George W. Bush signed into law the Economic Stimulus Act of 2008, which provides for economic stimulus payments to be made to over 120 American households. Under this new law, you may e entitled to a payment of up to $600 (%1,200 if filing a joint return), plus additional amounts for each qualifying child.

Some may be saying yipee, but I’m sitting here thinking, what does this really do? What am I going to do with $600? I’d prefer the gov’t use it to pay down the debt, but that isn’t going to happen. How does $600 really solve anyone’s problems? At most this is maybe one month of rent, one month of child care, one month of food for a family. It is a small statement and its going to some people who have no need for it. That money would be better spent providing healthcare and other services that would save people much money in the long run. Citizens of this country would benefit more from better healthcare both in cost and care, a solvent Social Security system, VA benefits for war wounded, than they will from this $600 infusion. This is nothing but pandering and is more likely to end up going towards a new plasma TV that it is going to help cover the bare necessities. Does anyone else find this vaguely insulting?

“You lose your home or job? here’s $600 bucks, have a round on me.”

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This entry was posted on Saturday, March 15th, 2008 at 8:55 pm and is filed under Life, News, Politics. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.