Saturday, January 17, 2009

Stimulas Package

I was watching the news today and they are saying that with the stimulus package the money involved that the government is planning to hand out to all the big companies to try to stimulate the economy they could give out $2700 to every individual in the US, that is how far that amount money would go. In doing this in my opinion would make much more sense and would do more to stimulate the economy because it is the individual in America that is going to spend the money on things that would actually stimulate the economy and help businesses also.
But on the other hand it would make more sense I believe if you are going to hand out the money to the individuals, then you should cut out the rich and all of the people that do not work and collect welfare beings all of the welfare recipients are getting their money for free anyway. The reason for cutting out the money for the rich in my opinion, they do not need the money anyway and the money that they spend, they are going to spend anyway, so why give them more free money. But, if you give out the money to the middle income and the low income, that will actually give them cash in their pockets that they are more than likely going to go out and spend. Granted some of this money that they receive will go to pay house payments and bills that they are either behind on or struggling to pay, leaving the rest of the money to go out and spend at businesses which in return would help to stimulate the economy. So, if every individual in America would receive $2700 out of all of the money that the government is going to use to stimulate the economy, but take away giving it to the rich and giving it to the people on welfare, then that would allow a bigger amount of money to the working-class people. Which could possibly boost the amount of $2700 to each individual to an increase of possibly double or triple. Now that would give the working-class plenty of money to catch up all their bills and a late payments and give them plenty of extra money to go out and spend.
Now that is what I call a stimulus package that would actually do some good and benefit the people and the economy.

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