Stimulus Package Doesn't Add Up
Sat, 01/26/2008 - 1:30pm
Like most people, my first reaction on reading about the economic stimulus package was, "What's in it for me?" And the answer is, actually, a lot. I'm married, pay taxes, and have three kids at home, so the announced plan would give me $2100. Not bad, right?
Actually, it is bad. The plan costs about $150 billion, or about $500/person. My family's share of the national debt would go up by $2500. Borrowing $2100 now and paying back $2500 (plus interest) later isn't a good deal. It's a ripoff.
Worse yet, all that debt will be held by foreign investors, including the Chinese government, who will have more leverage than ever over us. We're giving away our economic independence in the name of avoiding a recession.
Worst of all, the package won't do much to avoid that recession. Like most middle-class families, my wife and I may spend some of our tax rebate, but nowhere close to all of it. A plan that directed money to the poor (who need it and would spend it) might have made sense, but this "money for everybody" plan is just election-year nonsense.
Hopefully, somebody in Congress will stand up to this boondoggle. Or maybe the tooth fairy will release her stash of coins. The odds are about the same.
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Just when we are finalizing
By Lisa_P
Tue, 11/18/2008 - 4:40am
Just when we are finalizing our budget, we got hit with some unexpected expenses. While the expenses themselves weren’t completely unexpected, the dollar amounts were. Adding in large ongoing expenses can completely throw off a sound financial plan if you aren’t careful.
Quick loans can be a useful tool to cover an emergency expense that comes out of the blue. Say, if you were to go kiteboarding, and a whale just decided to flick you with its tail, sending you careening through the air like a ping pong ball that got swatted by Barry Bonds, and you needed some cash to cover the ER bill. You could have the jolly old oak tree in your front yard come crashing through your kitchen in the middle of a windstorm. When that sort of thing happens, you’re insurance will cover it. You may need a quick cash loan to cover the deductible and get a few nights’ hotel for the family and yourself.
Click to read more on Quick Loans.
Economy plays a great role
By Lincoln G
Thu, 01/15/2009 - 2:23am
Economy plays a great role in the financial situation of every consumer. Barack Obama aims to provide help in his term as President of the United States. He has proposed a new stimulus proposal, but other details are starting to come out. It is called the "American Recovery and Reinvestment Plan;" the idea is to get more money into the hands of middle and lower class Americans to get the spending cycle going again. The targets for the stimulus, the majority of payday loans consumers, will be getting tax cuts and investment will be made by government into infrastructure such as roads, bridges, and water mains. He also wants to get some cash flow into states that are hurting for revenue. Maybe with a little luck his plan will turn the economy around, and Americans will only need payday loans for emergencies, not just to make ends meet.
Colorado
By Nestor
Thu, 02/26/2009 - 5:06am
Supporters of the incentive program point the the fact that the production industry generated $545 million in economic activity and created hundreds of jobs during the period covered by the state report.
Massachusetts Film Office director Nick Paleologos said local businesses benefited enormously from the 88 productions covered by the state report and cited the hard-to-calculate tourism advertising value for the state as another key benefit. He said the Kevin Spacey film 21, a story about Massachusetts Institute of Technology students who beat the odds in Las Vegas, was like a love letter to Boston. There are more beauty shots of Boston and Cambridge than any movie I have seen in the last 10 years.Colorado