Poll: How do you plan to spend your rebate check?

[Realitycheck]

A few days ago, I saw this financial advisor on television advising people to pay off debts with their rebate check, saying that this was the best way, the optimal way of distributing people's rebates in the most advantageous manner for the average Joe Blue taxpayer. Surely, she was just saying that to vent her veiled frustration with the current administration as everybody else does, saying it completely out of spite. Who cares what the original intent was, what the package is actually named, labelled, defined as. Of course, even if everybody went out and bought a television on the same day, it might add up to one day of Christmas, so it really is a moot point and somewhat comical, but this is a gesture. It's a hint. “C'mon, play along. It's Christmas Time. No, really. Really! (whispering 'I don't really care who gets elected anymore.'”

 

So anyways, after seeing this, I was just wondering. How do YOU plan to spend your stimulus package rebate?

[bascule]

Into my personal slush fund it will go, where it comes out nobody knows

[Pangloss]

Student loans.

[john5746]

I will spend it on some worthless gadget, then the money will trickle down to those who need it - stock investors, CEO's and chinese.

[John Cuthber]

What rebate cheque?

[Phi for All]

How do YOU plan to spend your stimulus package rebate?

This isn't a rebate, it's a loan on next year's refund. I'm going to put it in an investment I can get at next year when I'll owe it back.

[ecoli]

Hooray for redistributing money!

 

That should have about zero long term usefulness.

[Phi for All]

What rebate cheque?

In the US, the president has authorized the payment of $600 to each taxpayer making under $75,000/yr. There was talk of an additional $300 for each dependent child but I'm not sure that's happening. They're calling it a rebate but they've done this before - once under Bush I and again in Bush II's first term - it's not a rebate. They are loaning you this money from your next year's tax refund (whether you would get one or not). You can spend it now and hope you can make it up to pay for next year, or you can invest it and earn interest before you have to give it back next year. The administration is hoping you won't use it to pay off loans.

 

A bothersome note: they sent us a notice through the postal service telling us GWB will be sending us another notice through the postal service two weeks prior to mailing out the checks GWB is giving us. These are going out to tens of millions of taxpayers.

[iNow]

Yes... lots of stamps to simultaneously give a "surge" to the post office, and their problematic finances.

[Riogho]

My rebate check is 12 dollars and 40 cents.

 

I think I might buy lunch.