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Is the 13 dollars a week really going to stimulate the economy?
Let's be honest, why in the heck did they even put the tax cut for us in there, they can't really think that 1.86 a day is going to help do they? It's just going to be more the taxpayers will have to pay back at a later date..
17 Answers
- FozzieBearLv 71 decade agoFavorite Answer
Once again, BO understands nothing. You need to give people one big check in order to stimulate the economy. If you dribble it to them, they won't even notice that it's there.
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- ARBOBLv 61 decade ago
You're kidding, right? Is this a ridiculous amount or what? Why not just give $678.90 to everyone right off the bat? That way everyone could spend what they get, putting the money into main street to help the economy. Who would put $13.00 a week or $1.86 a day anywhere? It will just be absorbed somewhere, but not on main street. This is just another very stupid, not well thought out "scheme" that this administration is "pulling off". Enough already!
- Tom SLv 61 decade ago
It will cost people making over $70,000 single/$140,000 couple money .This will offset the $13 a day to the "poor".So it will do nothing to stimulate the economy.Time will show that this bill was a huge pork barrel project that will extend this recession for years.
Source(s): I am spending less and paying off bills.Since I am "Rich" I will let the poor and middle class bail us out. - dudiedoodLv 51 decade ago
Well, for some of my neighbors that's almost equal to 2 one dollar scratch off tickets for the Texas lottery!
They've told me, that's how I know, and these people don't even pay taxes.
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- Anonymous1 decade ago
Keep in mind the 13 bucks only pan out at the top of the income bracket, for most who earn 30k or less its more like $8.00. so the answer is no, that's one days lunch or maybe 3 gallons of gas.
- 1 decade ago
To stimulate spending it might work, and that's the point. If it stimulates it 5%, that's good. But remember: SInce all large ticket items are no longer manufactured in the US, but simply sold by retailers here, at very best, we are helping prop up a service economy built on low wages. The whole scheme promulgated by Reagan -- destroy unions, lower base wages across the boards, and outsource all durable goods manufacturing to countries outside the US so that only the CEOs and investors in those companies see any money out of them, and not the workers -- has destroyed the US middles class and swelled the underclass. Something more definitive, which the usual suspects here will label socialism, needs to be done by government to correct the destructive changes to the economy started by Reagan and continued by the Bushes. The wrong way of doing things has become institutionalized, thanks to the GOP, and it's all many people in the latest generation know: parents working 2 and 3 jobs just to make ends meet. That's not the American way. It's the third world way.
- 1 decade ago
It will not; incurring this kind of debt when we are already owe more than we can pay back is irresponsible.
Why do it; better than 40% of people already don’t pay taxes, for them it is a payment for future voting. Don’t forget the 2 billion you’re borrowing to pay the community agitators to remind these folks where the money came from just in time for the next election.
- Ana Stasia NikaLv 51 decade ago
Not at all - and with Barry putting offshore drilling on hold - while also admonishing us to not rely on foreign oil - expect hyperinflation to set in - and then we will really be up a creek.
- hsmomlovinitLv 71 decade ago
Wahoo, is it ever! I'm lining up at the mall now...ready to do some major shopping with that chump change!
- 1 decade ago
it wont make a big difference
but if they put it in a savings account its 676 dollars a year ... that + the interest they receive over a few years will put some money back in the economy