Tax rebates coming?

To me, that's the big joke. We're going to solve our current economic crisis -- which is essentially driven by bad credit (housing, credit cards) -- by giving everyone a check to stimulate the economy (read: go to Best Buy and get a TV!) when we should be encouraging the behavior of paying down personal debt.

 

Taxes! Yeesh. There's something I know very little about.

 

That explains the letter the State of Idaho sent me about my refund from them last year. How do they do this check? They just send it out to whoever? When do we get it?

 

Hey, I'll gladly take an $800 rebate, but I'm a little annoyed that every time there is a hiccup in the economy people in government think they have to ride to the rescue. Correct me if I'm wrong, but wasn't it the environment created by the Fed's artificially low interest rates that created this subprime mess in the first place. Once again, government creates a problem and then comes running to the rescue with an even worse solution.

 

It's just the cyclic environment of any economy. Simple as that. When this is over, we'll see economic growth like we did a few years ago. Interest rates'll get really low, again, and the same crap'll happen all over again.

 

Story I just read on CNN said the check could arrive in June . . . so much for quick action, but there's bureaucracy for you.

 

Ace you ignorant slut ... [/aykroyd]

If you owe back taxes, you'll likely have it deducted from the amount you owe, or the amount you owe deducted for the rebate. Happened to me last time this was done.

I don't get how this could be considered income, btw

 

The Chinese will buy the bonds that we need to sell so that we can give $1600 to folks to buy more stuff made in China. God Bless America!

 

I'm going to buy 800 lottery tickets.

 

I'm waiting to see some punishment doled out to those that got us into this mess.

 

Don't hold your breath.

 

Who should be punished? Wait until the bond insurers lose the AAA ratings. You want to see a mess that shitstorm will make the the subprime mess seem like a pimple on a donkey's ass. When municipalities can't get bonds insured all hell is going to break loose.