Economic Stimulus: How Do You Plan to Spend Your Tax Rebate?

Show me the money!

The bigwigs in Washington have decided they want to get the economy moving, and we're going to help.

How? They're planning to give us tax rebates.

Republicans, Democrats and the Bush Administration have just announced, they've agreed on an economic stimulus plan that gives tax rebates to 117 million families. Under this plan, people who make less than $75,000 a year will be eligible to get a tax rebate between $300 and $600 dollars, plus a child tax credit of $300.

According to the announcement, the checks should start coming in May.

After that, to make this economic stimulus plan work, we are supposed to spend the tax rebate money, not save it.

The goal is to get the economy going, by getting people to shop.

House Speaker Nancy Pelosi's announcement says the economic stimulus plan will "quickly give our economy a shot in the arm."

President Bush proposed a similar economic stimulus plan a few days earlier, and says the current version "will boost our economy and encourage job creation."

The economic stimulus plan hasn't been completely passed yet; but I'm ready to spend. Far be it from me to buck the government on such a simple request.

But how should I contribute to economic stimulus?

Lets see, I could pay down my credit card bill from my trip to the dentist that wasn't covered and my $1100 heating oil bill. And, I could use it to fill my gas tank a few times.

But if I really want to help with economic stimulus, I should spend my tax rebate on something exciting -- like a kayak.

I guess my role in economic stimulus depends on whether I'll be getting closer to the $300 or the $600 announced. Maybe I could spend some of my tax rebate on boring stuff (bills) and some on fun stuff (a massage!).

Or new shoes.

After all, it's our patriotic duty to help with economic stimulus.

Red, white and blue shoes!

I should probably stop thinking about all the stuff (MP3 player) I could buy in the name of economic stimulus. If I don't, I'll go nuts watching the mail every day.

Get ready to spend...

Credit: H. Rox

Copyright: H. Rox