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The www.FedPrimeRate.com Personal Finance Blog and Magazine

Thursday, July 24, 2008

What Did You Do With Your Stimulus Check?

2008 Economic Stimulus PaymentMonths ago, when I first heard about plans for an economic stimulus payment that would go to all taxpaying Americans, I could not help but think of how political leaders in ancient Rome would offer free Bread and Circuses as a way of tricking Roman citizens into giving up their political freedoms. The people would remain fat and happy while the elite would make plans to send them off to fight wars of conquest, for the glory of Rome.

I can't help but think of the war in Iraq as "the circus," and the economic stimulus payments as "the bread." Of course, we don't even have to leave our homes to enjoy the circus these days. Just turn on the TV and the images are delivered to you free of charge, thoroughly sanitized and censored, of course.

I wonder if anybody turned down the stimulus payment. After all, the money is basically a loan from China to the American people, a loan that our grandkids will have to payoff. There must be at least some Americans who find this objectionable.

So, what did you do with your stimulus check? Me? The $600 I received didn't even cover my child support payment, but I was grateful for the assistance. Your comments are welcome.

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Blogger ShadowWind said...

While I had great plans for my stimulus checks, it wound up going to pay off part my of my father's final arrangements. And I was glad to have it.

There was an OpEd yesterday about how people who died after the tax year still got checks. He was complaining that taxpayers shouldn't have to spend money for that, but what he failed to realize is whether the dead person gets it or the family does, it still gets put back into the economy. Usually in the form of paying off final expenses.

Friday, July 25, 2008 12:00:00 PM  
Anonymous Debt Blog said...

> it still gets put
> back into the economy...

Yep, I agree completely. The money will certainly get pumped back into the economy in one way or another.

Friday, July 25, 2008 4:42:00 PM  
Anonymous brettbum said...

I reinvested half of it into my blogging business and put the other half towards paying down credit card debt.

Sunday, July 27, 2008 10:33:00 PM  
Anonymous Debt Blog said...

> put the other half towards
> paying down credit card debt...

That's great. I was thinking about using some of the free cash to pay down some of my business credit card debt, but I decided against it since my cash situation isn't very good and I'm still enjoying 0% APR.

Monday, July 28, 2008 3:50:00 AM  
Blogger Shea said...

I Paid Bills. and of course I did buy some gas,
every little bit helps, but it wasn't enough to bail me out at all,

Saturday, August 02, 2008 2:10:00 PM  
Anonymous Debt Blog said...

> but it wasn't enough
> to bail me out at all...

I wouldn't be surprised if the government gives us another stimulus payment at some point, especially if the Democrats take the White House.

Sunday, August 03, 2008 4:53:00 AM  
Blogger Don said...

I sent it back... Don't agree with the concept and the way they did this one. It's a loan, not a payment, you have to pay it back soon...

Tuesday, August 05, 2008 7:48:00 AM  
Anonymous Debt Blog said...

> you have to pay it back soon...

@Don: You don't have to pay it back.

Tuesday, August 05, 2008 12:44:00 PM  
Blogger writer said...

i bought a 15 hundred dollar volvo. its nice!

Saturday, August 09, 2008 12:19:00 PM  
Anonymous Debt Blog said...

> bought a 15 hundred
> dollar Volvo. its nice...

Cool. Must be an older car. Hope you have enough saved up for service and parts.

When you do take it in for service, you can at least be secure in the fact that you have done your part to help the American economy (since Volvo is owned by Ford Motor.)

Saturday, August 09, 2008 11:25:00 PM  
Anonymous Anonymous said...

I bought a puppy

Tuesday, August 12, 2008 4:09:00 PM  
Anonymous I.C. Jackson said...

Your perspective on the economic stimulus is one that more people should consider.

Pretty deep...

I didn't turn the money down, either! We paid some bills, got some necessities, and enjoyed some good food.

But for a family of five, that's about all that could be done with that little bit of money. It didn't stimulate a whole lot, but I appreciate it nonetheless.

Wednesday, August 13, 2008 10:11:00 PM  

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