Survey: How Will You Spend Your Rebate?
by Lloyd Alter, Toronto on 01.28.08
As we noted on Planet Green, the House, the Senate and the President have agreed on a $150 billion dollar bailout that will keep the economic engine turning over by giving families rebates of up to $1200, which they will spend like mad and keep those cash registers ringing. But will a little more spending money stop a recession?
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The great outcome of spending it on a plasma TV: more cash goes overseas to Asia, where they are manufactured. Great way to dig an even deeper whole.
I say stick it to the man, and use the money to pay off credit debt :-)
Silly President, cash is for rainy days not flat TVs...thanks for the savings boost!
i voted for the 'slots' not 'cause i'm actually likely to go to Vegas or anything, but because there's a good chance we will use it to take our kids on a vacation somewhere that doesn't involve relatives. we've never taken a 'real' vacation, and want to give our kids at least one memory of a family vacation before their grown.
I'll be paying for my wife's summer tuition.
With my tax rebate, I'm going to be buying a more fuel-efficient car, a Scion xA
My husband has already lost his job, and my online income isn't enough to make up for it. The rebate will definitely come in handy, although if my husband doesn't have a job in a couple months we'll be moving in with the inlaws anyhow, auggh!
Money will go to medical bills.
Probably use it to pay my taxes ...
Tax free money goes straight into Roth-IRA. This is tax-free, isn't it?
I'm pretty sure I'm paying bills with it, Flat screen TV's! Ha, thats just silly!
Anonymous, I bet we'll have to claim it as income for 2008. Of course some of us will be punished for making too much and our taxes will just go to pay everyone else rebate.
Straight to the Nature Conservancy!
Exactly where is this cash coming from? I suspect we might turn the way of Germany post WWII....Using the old dollar bills for wallpaper. Bleck!
However, I will get a used front loading washer and a nice, used drying rack for my clothes. The rest will sit in the bank for a while. We only buy what we have too. It worked for our ancestors, why not do the same?