Stimulus checks

The Original OC Adventure · 08-07-2008, 04:11 PM

http://www.msnbc.msn.com/id/26074524/

Looks like they failed. Most people used them to pay off debs, or buy gas.

There's talk about another stimulus package. What if they gave out gift cards instead? This would force people to spend the money in retail stores.

Would it work?

Gemini Cricket · 08-07-2008, 04:13 PM

Interesting. I, too, paid off debt with my entire check.

scaeagles · 08-07-2008, 04:14 PM

I went to Orlando. I was a good boy.

BarTopDancer · 08-07-2008, 04:16 PM

I paid off my car, which in turn gave me more money to spend in the economy. Which I'm not really doing, since I'm using that extra money to pay off debt.

If they give another one I prefer cash. So I can pay off debt.

Alex · 08-07-2008, 04:17 PM

I'd be interested to see if there was actually any real reduction in consumer debt or increase in personal savings rates.

Or if people (on average) just got their checks put them into debt reduction or savings, and then just immediately respent it out of those sources. Then when asked say they paid off credit/increased savings.

flippyshark · 08-07-2008, 04:17 PM

Quote:

Originally Posted by scaeagles

I went to Orlando. I was a good boy.

Heck, wish I'da known.

Mine went to pay taxes. Grrrr.

wendybeth · 08-07-2008, 04:20 PM

We gave a portion of it to my MIL, who spent it in Denmark.

Gemini Cricket · 08-07-2008, 04:22 PM

Well, if it failed this time, they should try again!

The Original OC Adventure · 08-07-2008, 04:24 PM

My wallet agrees with you!

Scrooge McSam · 08-07-2008, 04:29 PM

Well, some of it went to the two guys that dug out my stump.

Sounds nasty, doesn't it?

So, stump gone, sweaty hottie ogling accomplished, I continued my afternoon of economic stimulation at the liquor store.

And I bought some socks, but I was gonna get those anyway so they don't count.

08-07-2008, 04:11 PM	#1
The Original OC Adventure Member Join Date: Jul 2008 Location: Costa Mesa, CA Posts: 57	Stimulus checks http://www.msnbc.msn.com/id/26074524/ Looks like they failed. Most people used them to pay off debs, or buy gas. There's talk about another stimulus package. What if they gave out gift cards instead? This would force people to spend the money in retail stores. Would it work?
	Submit to Quotes

08-07-2008, 04:13 PM	#2
Gemini Cricket ... Join Date: Jan 2005 Posts: 13,244	Interesting. I, too, paid off debt with my entire check.
	Submit to Quotes

08-07-2008, 04:14 PM	#3
scaeagles I LIKE! Join Date: Jan 2005 Posts: 7,819	I went to Orlando. I was a good boy.
	Submit to Quotes

08-07-2008, 04:16 PM	#4
BarTopDancer Prepping... Join Date: Jan 2005 Location: Here, there, everywhere Posts: 11,405	I paid off my car, which in turn gave me more money to spend in the economy. Which I'm not really doing, since I'm using that extra money to pay off debt. If they give another one I prefer cash. So I can pay off debt. __________________ Spork is the new MacGyver Postcards From My Edge
	Submit to Quotes

08-07-2008, 04:17 PM	#5
Alex . Join Date: Feb 2005 Posts: 13,354	I'd be interested to see if there was actually any real reduction in consumer debt or increase in personal savings rates. Or if people (on average) just got their checks put them into debt reduction or savings, and then just immediately respent it out of those sources. Then when asked say they paid off credit/increased savings.
	Submit to Quotes

08-07-2008, 04:20 PM	#7
wendybeth Nevermind Join Date: Jan 2005 Posts: 7,847	We gave a portion of it to my MIL, who spent it in Denmark. __________________
	Submit to Quotes

08-07-2008, 04:22 PM	#8
Gemini Cricket ... Join Date: Jan 2005 Posts: 13,244	Well, if it failed this time, they should try again!
	Submit to Quotes

08-07-2008, 04:24 PM	#9
The Original OC Adventure Member Join Date: Jul 2008 Location: Costa Mesa, CA Posts: 57	My wallet agrees with you!
	Submit to Quotes

08-07-2008, 04:29 PM	#10
Scrooge McSam What? Join Date: Jan 2005 Posts: 1,635	Well, some of it went to the two guys that dug out my stump. Sounds nasty, doesn't it? So, stump gone, sweaty hottie ogling accomplished, I continued my afternoon of economic stimulation at the liquor store. And I bought some socks, but I was gonna get those anyway so they don't count.
	Submit to Quotes