“Show me the money!” the famous line from “Jerry Maguire.” The government decided that they were going to show us the money earlier this year in the form of a stimulus check. The stimulus check was supposed to boost our economy, however according to CBS News correspondent Kelly Wallace states that with a “recent survey of consumers, 51 percent said that they wouldn’t spend their rebate checks. They’d instead save the money or use it to pay off bills and debt.” The people, who did spend it, took the plunge with it. Some people learned how to play the guitar, someone bought an engagement ring, some saved to buy something else such as a horse, one person used it to get out of jail and yet another invested it in his own business, according to HowISpentMyStimulus.com website.
Back in January, Congress and President Bush decided that the economy was slipping into a recession and that they needed to do something about it. When they were first talking about it, the Democrats wanted to target it more towards the lower class people simply because they would be more likely to spend it quickly and help get us out of a recession. At first, they were looking at individuals getting a “tax rebate” of $800 and couples getting $1600. With a package total of no more than $150 Billion dollars, or about 1% of the Gross Domestic Product of the United States.”’ Unless Congress acts, the American people will face massive tax increases in less than three years,’ Bush said Friday. ‘This tax increase would put jobs and economic growth at risk. And Congress has a responsibility to keep that from happening.’” according to John Schoen from the MSNBC website. This was the second time ...