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Re: OT Economic Stimulus Payment for Pensioners-Help!


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Posted by steve in in on March 26, 2008 at 13:58:23 from (75.149.81.30):

In Reply to: Re: OT Economic Stimulus Payment for Pensioners-Help! posted by steve in in on March 26, 2008 at 10:18:51:

I just knew it was something he probably didn't turn in. He didn't have to file a tax return and was probably at the threshold anyway. He is not on welfare. He never has been. He is retired. He has paid his dues.

It was something I thought about. He probably retired way to early, which is what I thought when he said he was going to.

But your saying that him being legal, is rotten and welfare fraud? Hardly. If anything, it should teach him to turn in any income he receives. He had turned in other income, but it was below the $3000 cut-off.

This actually was something that was argued about a lot. The people most likely to spend it, folks like my Dad who are living pretty much on fixed incomes with very little income at all, will not get the money. The arguement being that they don't pay taxes, so why should they get money. To that, I guess you could call it welfare. They could have called it that anyway.

Myself, I think it is a big steaming pile of dog doo and will only serve to weaken the economy further by driving up inflation. Its not like the US has that money somewhere hidden to give out. They are pretty much printing it out, to give it out. But it gets the politicians re-elected by those who don't take the time to look at what is really going on.

There is no such thing as a free lunch.

The check we get will go into three 529 plans, much to the chagrin of the politicians.


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