I just read this article on CNN about the Bush economic stimulus idea. I’m actually liking what I’m hearing, but at the same time I’m not. Yes I know I can never make up my mind.
What I love
The tax breaks and the rebates, get money into the hands of the people who need it and help them get back on their feet.
Extra help for the unemployed and food stamp recipients. These are the people who need the money.
Business tax breaks, but only for investments
This would be a temporary program. This is something I like because I don’t want to see the government get more into debt.
What I don’t really like
Eliminating the 10% tax income bracket. It’s not a bad idea, but it won’t help the poor people who really need the help.
The unemployment benefits, yes I know I listed that as a like but I also don’t like it. What it sound like, and correct me if I’m wrong here, is that you only will get the unemployment benefits if you collect unemployment. Many people who have lost their jobs don’t qualify for unemployment so they won’t get the extra help.
I like the rebates and the idea of giving this money to the middle class and poor, they need it the most and would spend it the quickest. I know I would pay off alot of my debt if I had an extra $1000 or so. If you don’t count my student loans I could pay off almost everything I had by April or May. I have one credit card I wouldn’t be able to pay. I would then maybe be able to add more to the economy by getting a new car and making payments on it. Right now I can’t do that.
As much as I complain about our president I think he’s actually on the right track here. Yes I said it.
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