lynn Posted January 29, 2008 Share Posted January 29, 2008 I am a little at a loss of the thinking here. If the g'ment is giving the credit to encourage people to buy but people choose to save, pay down debt or send it back , does it not defeat the purpose? From what I read most americans are paying off debt or saving and not planning on spending. Quote Link to comment Share on other sites More sharing options...
Rhonda in TX Posted January 29, 2008 Share Posted January 29, 2008 It may be that most people, once they pay down their debt, will feel that they can spend again. Quote Link to comment Share on other sites More sharing options...
lynn Posted January 29, 2008 Author Share Posted January 29, 2008 I didn't think about that. Wouldn't that put them back in debt though if they spend what they just paid down or out of? Quote Link to comment Share on other sites More sharing options...
Mama Lynx Posted January 29, 2008 Share Posted January 29, 2008 Let's say I'm taking $50 a month out of the family pay to pay that down. If I get $1000 from the stimulus package, and pay off that debt, that frees up $50 a month for me to spend. What bugs me about the package is that people who do not pay income taxes are getting it. I pay income taxes, and am not getting anything, lol. It's easy to see where the money for this package comes from. Quote Link to comment Share on other sites More sharing options...
Colleen Posted January 29, 2008 Share Posted January 29, 2008 From what I read most americans are paying off debt or saving and not planning on spending. What people plan and what they do are often not the same. The last time a scheme of this sort was unrolled, there was a spike in spending. As I mentioned in another thread, though, the potential impact is lessened when the majority of that spending isn't on domestic products. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.