U.S. Treasury Mailed $7.091 Billion in First Week of Federal Stimulus Package

[Robbien]

Source: Canadian Economic Press

The U.S. Treasury Department said it mailed $7.091 billion in tax rebates cheques to 7.708 million Americans between April 28 and May 2 in the first week of the government's fiscal stimulus package.

Treasury also promised to release weekly financial statements outlining the payments.

According to treasury officials, the $146 billion dollar fiscal stimulus package approved by Congress in January will be responsible for adding between 500,000 and 600,000 jobs in 2008 and adding around 0.5% to U.S. GDP growth.

Read more: http://www.economicnews.ca/login.php?page=reportsDetails&newsid=77384&prevview=&view=details&country=All&plimit=0&category=All%20Economic%20Reports

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Treasury says these six hundred dollar checks are going to add a half million jobs? I want some of what they are smoking.

[Oceansaway]

1. [I want some of what they are smoking}..me too !!..n/t

[Harry Monroe]

8. Gonna buy some of that shit they're smoking with my rebate check.

Actually, it's going to go to pay off bills.

[havocmom]

2. More debt for the grandkids so we can carry on for a couple weeks

Husband actually had to put up with an educated superior who insisted the DEMS were all wrong to say the economy wasn't in great shape. His rational? If things weren't goin great, how could bush be sending everybody $$?

The man was serious!!11!!!!

My darling husband wanted to push him outta the vehicle.

[Tempest]

3. Got a call from a friend and they got theirs

$1,800 they plan on using to pay down existing debt.

[muryan]

4. everyone i know is using it to pay down debt

so much for stimulating the economy.

[Tempest]

5. Mine's going into savings

That won't stimulate the economy either.

The only economy being stimulated is China's, from all the interest they're earning for loaning the money to Bush.

[classof56]

6. Well, I'm using mine to make a small dent in the 2007 taxes I just paid.

Guess that helps keep some IRS staffer employed?

[grytpype]

7. So we're borrowing $7.091 billion from China so we can buy stuff made in China.

$146 billion / 500 000 jobs = $292,000 per job!!!!!

[Phred42]

9. Keep in mind that thisis an ADVANCE on YOUR next Years Taxes.

You will have to declare this bribe next year as income and pay tax on it.

[anakie]

10. 7 billion!!

isn't that about what your government spends each month on the war in Iraq?


Peace

[Plucketeer]

11. More Elephant Crap.

Non-secured paper for a "feel good" moment. GAH! Can these idiots think we're all bought off so cheaply??? :rofl:

Presidunce Bush -> :dunce:

[heliarc]

12. None of the recipients who lost their homes...

will get theirs back because of this.