Showing posts with label Economic Stimulus Package. Show all posts
Showing posts with label Economic Stimulus Package. Show all posts

Friday, January 25, 2008

The Shit Has Hit The Economic Fan Part 2: They Got a Stimulus Package


So they managed to come to an agreement and settled on a $150 billion stumulus package that will help those making less then $75,000 and couples making $150,000. Democrats managed to make sure that people who pay little taxes will get a check since that wasn't in the first package the Bushies proposed.

Checks will range form $300 - $1200 and an extra $300 per child with a cap set at $1200 dollars. There are also a lot of big tax breaks for businesses. Checks are expected to start going out in May since the IRS is already going to be slammed for tax season.

What do I think about the "economic stimulus" package?

I think the shit is hitting the economic fan. And the best thing folk can do for themselves is prepare for a really bad recession/depression. The good times are OVER. It's gonna get ugly in the next year or so. "Cause like I said in the previus post on this topic: governments to go giving away free money when the economy is okay. A Republican administration no less.

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In Case you Didn't Realize it the Shit has Hit the Economic Fan