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Old 02-12-09, 10:47 AM   #21
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Re: Economic stimulus package.... $13/week?

Quote:
Originally Posted by Goobieman View Post
So... the Obama tax rebate will also be a disaster. Right?
Its no in a lump sum, therefore it tends to add to the overall volume of autonomous consumption.

It makes no sense to pay off debt (considered savings) by fractioning $13 per month.

Temporary tax cuts are not effective though. Maybe giving it in smaller denominations will reduce the desire to save (pay debt).
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