Friday, March 14, 2008

Economic Stimulus Package

The US economy is in the tanker right now. BFD. The economy is cyclical. It waxes and wanes, expands and contracts. There is no way we can expect economic expansion to last forever. Thinking that dips and retreats in the economy are unnatural is like using the same rationale a little kid uses to think that Christmas should be everyday, and then gets upset and cries when it isn't. Think about it. The last few years of economic expansion was falsely based on greedy lenders and naive borrowers creating bogus loans and grossly inflated housing values that were certain to pop.

So, true to their "save the moron" mentality that prevails in US government and politics, our elected officials have decided to create the economic stimulus package to deliver approximately $1000 to the average family. This is money the US does not have to begin with. Furthermore, a lousy $1000 will not do anything other than put off the inevitable for about three more weeks. The miniscule $1000 that the US citizen will get as an "economic stimulus" will be but a drop in the bucket in comparison to the grossly over due mortgage and credit card bills.

We all got "the letter" from the government the other day proudly declaring that our checks will be arriving from the government later on this year. Whooopppeeeeee...

I can just see the credit collection agencies timing themselves already... I'm sure they got copies of "the letter" as well, and they'll be perched and ready to attack the unsuspecting, in-too-much-debt American slob the moment the "economic stimulus" checks hit the mailboxes demanding payment for past-due obligations.

Here's the kicker: The US government desperately needs more money and wants to raise taxes, but in the same breath is sending out a few dollars in the mail trying to make us all feel better.

I'm going to send my check back with a note stating that the government needs it more than I do. Besides, the government will just try to tax me on it as income anyway. It's more trouble than it's worth. Again, it's much ado about nothing.

1 comment:

CG said...

The government is giving you money?? this is weird...!!