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LMAO. so much for the stimulus

 
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Aske
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LMAO. so much for the stimulus
« on: April 15, 2008, 10:02:13 AM »

http://www.usatoday.com/m....htm?loc=interstitialskip
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Russia has invaded a sovereign neighboring state and threatens a democratic government elected by its people. Such an action is unacceptable in the 21st century.
--  Chimpy McFlightsuit, CEO of Bu$hco Industries of 'Merka
1puttpar
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Re: LMAO. so much for the stimulus
« Reply #1 on: April 15, 2008, 10:17:40 AM »

WTF was Bu$hyco thinking?  Everyone's gonna go out and buy a *goshdarn* iPod?
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stroh
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Re: LMAO. so much for the stimulus
« Reply #2 on: April 15, 2008, 10:33:42 AM »

I'm planning on using mine for liquor, gambling, and prostitution.

As well as fund a small grass roots movement to encourage the use of the serial comma.
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spacey
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Re: LMAO. so much for the stimulus
« Reply #3 on: April 15, 2008, 10:44:31 AM »

I only have two things to say:

1) Maybe the "stimulus" should be issued in the form of gift cards; and

2) WTF?

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Darla
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Re: LMAO. so much for the stimulus
« Reply #4 on: April 15, 2008, 10:48:31 AM »

what did I notice:
Quote

  REBATE SCHEDULE
 
 
Direct deposit
 
Last two SSN digits: Payment will be transmitted:
 
00 through 20 May 2
 
21 through 75 May 9
 
76 through 99 May 16
 
Paper check
 
Last two SSN digits: Payments will be mailed by:
 
00 through 09 May 16
 
10 through 18 May 23
 
19 through 25 May 30
 
26 through 38 June 6
 
39 through 51 June 13
 
52 through 63 June 20
 
64 through 75 June 27
 
76 through 87 July 4
 
88 through 99 July 11
 
 

 Grin when I get my money!
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Aske
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Re: LMAO. so much for the stimulus
« Reply #5 on: April 15, 2008, 10:51:40 AM »

week of may 9  for me
woo
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Russia has invaded a sovereign neighboring state and threatens a democratic government elected by its people. Such an action is unacceptable in the 21st century.
--  Chimpy McFlightsuit, CEO of Bu$hco Industries of 'Merka
Walfredo
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Re: LMAO. so much for the stimulus
« Reply #6 on: April 15, 2008, 11:10:44 AM »

My stimulus will be circulating the black market come June.
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Aske
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Re: LMAO. so much for the stimulus
« Reply #7 on: April 15, 2008, 11:14:31 AM »



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Quote
Russia has invaded a sovereign neighboring state and threatens a democratic government elected by its people. Such an action is unacceptable in the 21st century.
--  Chimpy McFlightsuit, CEO of Bu$hco Industries of 'Merka
Clive
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Re: LMAO. so much for the stimulus
« Reply #8 on: April 15, 2008, 11:54:59 AM »

Quote
The rebates, which represent a one-time cut in 2008 tax rates, were intended to help rescue the economy from recession by encouraging consumer spending. A similar rebate program in 2001 was widely credited with curtailing that year's recession.
IS this true?

Quote
Consumers, of course, don't always honor their financial resolutions. Initially in 2001, the average credit card holder used the rebate to pay down debt, according to a study by three economists from the Federal Reserve Bank, the University of Nevada-Reno and the University of Pennsylvania's Wharton School. Soon after, though, consumer spending rose. On average, consumers spent 40% more than the amount of their rebate within nine months after the rebates were distributed, the study concluded.
My wife hasn't yet told me what I decided we'd do with our rebate.
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Darla
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Re: LMAO. so much for the stimulus
« Reply #9 on: April 15, 2008, 12:15:34 PM »

Quote
The rebates, which represent a one-time cut in 2008 tax rates, were intended to help rescue the economy from recession by encouraging consumer spending. A similar rebate program in 2001 was widely credited with curtailing that year's recession.
IS this true?

Quote
Consumers, of course, don't always honor their financial resolutions. Initially in 2001, the average credit card holder used the rebate to pay down debt, according to a study by three economists from the Federal Reserve Bank, the University of Nevada-Reno and the University of Pennsylvania's Wharton School. Soon after, though, consumer spending rose. On average, consumers spent 40% more than the amount of their rebate within nine months after the rebates were distributed, the study concluded.
My wife hasn't yet told me what I decided we'd do with our rebate.

lmao  Laughing That's why I said I was looking for when I would receive my money, not Spanky's and my money!  Cheesy
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gleek
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E chu ta!

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Re: LMAO. so much for the stimulus
« Reply #10 on: April 15, 2008, 12:17:48 PM »

Quote
The rebates, which represent a one-time cut in 2008 tax rates, were intended to help rescue the economy from recession by encouraging consumer spending. A similar rebate program in 2001 was widely credited with curtailing that year's recession.
IS this true?

Quote
Consumers, of course, don't always honor their financial resolutions. Initially in 2001, the average credit card holder used the rebate to pay down debt, according to a study by three economists from the Federal Reserve Bank, the University of Nevada-Reno and the University of Pennsylvania's Wharton School. Soon after, though, consumer spending rose. On average, consumers spent 40% more than the amount of their rebate within nine months after the rebates were distributed, the study concluded.
My wife hasn't yet told me what I decided we'd do with our rebate.

I'm not sure what that bolded sentence really means. Are they saying that on average, a taxpayer receiving a refund of $N spent 1.4 x $N within 9 months? If so, what does it really matter? That could represent the normal spending habit of US consumers. On the other hand, are they saying that on average, a taxpayer receiving a refund of $N spent 1.4 x $N MORE than he/she would had he/she not received the refund at all? If so, how can you really know this?

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birdymaker
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Re: LMAO. so much for the stimulus
« Reply #11 on: April 15, 2008, 12:26:22 PM »

Quote
The rebates, which represent a one-time cut in 2008 tax rates, were intended to help rescue the economy from recession by encouraging consumer spending. A similar rebate program in 2001 was widely credited with curtailing that year's recession.
IS this true?

Quote
Consumers, of course, don't always honor their financial resolutions. Initially in 2001, the average credit card holder used the rebate to pay down debt, according to a study by three economists from the Federal Reserve Bank, the University of Nevada-Reno and the University of Pennsylvania's Wharton School. Soon after, though, consumer spending rose. On average, consumers spent 40% more than the amount of their rebate within nine months after the rebates were distributed, the study concluded.
My wife hasn't yet told me what I decided we'd do with our rebate.

I'm not sure what that bolded sentence really means. Are they saying that on average, a taxpayer receiving a refund of $N spent 1.4 x $N within 9 months? If so, what does it really matter? That could represent the normal spending habit of US consumers. On the other hand, are they saying that on average, a taxpayer receiving a refund of $N spent 1.4 x $N MORE than he/she would had he/she not received the refund at all? If so, how can you really know this?



it's kinda like witchcraft but different. oh wait........
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BFBoy
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Re: LMAO. so much for the stimulus
« Reply #12 on: April 15, 2008, 03:48:55 PM »

week of may 9  for me
woo


May 2, for me. Smiley
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Aske
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Re: LMAO. so much for the stimulus
« Reply #13 on: April 15, 2008, 08:10:01 PM »

hate !
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Quote
Russia has invaded a sovereign neighboring state and threatens a democratic government elected by its people. Such an action is unacceptable in the 21st century.
--  Chimpy McFlightsuit, CEO of Bu$hco Industries of 'Merka
Clive
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Re: LMAO. so much for the stimulus
« Reply #14 on: April 16, 2008, 08:27:11 AM »

Mid-May or early July, depending.  It was supposed to go in with direct-deposit instructions, but I think we got our refund as a paper check.
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